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Gulf NRIs Pivot From Indian Property to Stocks, Equirus Survey Finds

Geopolitical risk in West Asia is pushing long‑tenure expatriates toward liquid, growth-focused funds.

Overview

  • A new Equirus Wealth report surveying 8,300 non-resident Indians across the Gulf finds a structural shift from Indian real estate to equities and mutual funds.
  • Geopolitical tensions in West Asia ranked as the top concern for 41% of respondents, which steered portfolios toward assets that are easier to sell in a pinch.
  • About 73% increased exposure to Indian equities and mutual funds, and roughly 40% to 45% reduced real-estate holdings in India.
  • Net allocation trends showed a 54% shift into equities and a 27% drop in real estate, with small declines of 4% each in international stocks and cash.
  • Investor confidence held up, with 86% reporting stable or better finances as many raised savings, cut discretionary spending, and added debt or liquid funds.