Much has been said about how Indians have traditionally had a big ‘home bias’ in their investment portfolios. I often get asked by investors – “India is doing so well, why should I look at investing abroad?” This is followed up by an argument of how well the Indian equity markets have done recently. Between this perception and the LRS (liberalised remittance scheme) remittance limits, Indian investors ended up sticking to domestic investments. However, prudent investors understand the importance of global portfolio diversification and that it is not a fad or a ‘the timing is not great right now’ issue. It’s a long-term, strategic move for your portfolio and family legacy planning.