Build Your Legacy With Ease
Simplifying financial success for global Indians with personalized solutions and optimal results
Trusted Expertise.
Tailored Strategies.
Transparent Partnerships.
We are India’s leading wealth management firm catering to the needs of global Indians. Backed by the Shriram Group, Way2Wealth Prava brings a tradition of excellence and deep understanding of wealth creation, preservation, and growth.
Our name, derived from ‘Pravasi Bharatiya’ – the Indian word for NRIs and OCIs, reflects our commitment to keeping global Indians such as yourself at the center of all we do. Our team of seasoned professionals and reliable partners are always there to guide you through the complexities of the Indian financial landscape, ensuring your wealth flourishes while you pursue your ambitions and dreams abroad.
Our Services
Wealth Management
Personalized strategies and investment guidance to navigate wealth creation, preservation, and growth.
Our offerings
Mutual Funds
Fixed Income Products
Broking
Portfolio Management
Insurance
Alternate Investment Funds (AIF)
REITS (Real Estate Investment Trusts)
Real Estate
Retirement Planning
Our approach
Our process
Investment Process
We start by understanding your investment goals, risk tolerance and financial circumstances to build a solid foundation for your portfolio.
Focus on Asset Allocation
Tailored to fit your specific needs, our asset allocation strategy considers your risk appetite, liquidity needs, and investment horizon.
Tactical Decisions
We adapt to market changes with tactical asset allocations based on our analysis of economic trends and capital markets, aiming to capitalize on opportunities.
Monitoring
Our commitment includes ongoing portfolio reviews and adjustments in response to market events or significant financial changes, ensuring alignment with your goals.
Tax Assistance*
Tailored solutions to address tax-related concerns and expert guidance in navigating complex tax regulations.
Our offerings
Tax Planning, Advisory, and Compliance
- Tax Filing and Reporting
- Capital Gains Computation
- Timing of Asset Transfer
- DTAA implications
Banking Compliance
- Assistance with Fund Repatriation
- FEMA Compliance
Succession Planning
- Smooth transition of assets to next generation
- Legal and bank co-ordination to effect succession plans, including drafting of Wills and setting up of Trusts
- Gifting Inheritance options
Our approach
Holistic understanding of client background and outcome required
Compliance and Regulatory Research
- Study of legal and other regulations applicable
- Putting together a feasible plan
Coordination with local expertise for optimal solutions
- Local experts for last mile delivery (in India)
- Client’s advisors/professionals (in home country), for any information requirements/discussions
Our process
We follow a standard process, designed to deliver customized solutions that maximize your financial potential.
Tax Assistance
- NRIs with self-acquired/inherited assets in India
- Parents wishing to settle/transfer properties to NRI children
The need
- Understanding of requirements and intent
- Short-term and long-term planning of residency status
- Disinvestment/Transfer/Outward Remittance with banking and legal formalities
The solution
- One-stop coordination point for all commercial matters
- Complete understanding of legal, tax, and banking issues with respect to holding and repatriation
- Implications on tax and legal aspects in home country
The benefits
Succession Planning
- NRIs/HNWIs seeking assistance in planning asset succession
- Families with specific needs requiring tailored solutions
The need
- Thorough understanding of cases and family needs
- Identification of optimal succession strategies considering relevant laws
- Drafting Wills, Trust Deeds, and necessary documents
- Research on overseas implications using available information
The solution
- Customized solutions meeting family needs
- Strategic planning to minimize tax and legal implications
- Legally sound documentation ensures clarity and effectiveness
- Insight into potential overseas implications, facilitating informed decisions
The benefits
Real Estate*
Comprehensive solutions for NRI investors, offering end-to-end support for property acquisitions, sales, and management.
Our offerings
Property Buying (Flats/Plots/Bungalows/Others)
Portfolio Advisory
Property Selling (Flats/Plots/Bungalows/Others)
Property Valuation
Tenant Management
Property Maintenance and Compliance Management
Our approach
Our process
Initial Consultation
We begin by thoroughly understanding your real estate objectives through detailed discussions, followed by comprehensive analysis to provide tailored solutions for your property needs
Partner Coordination
Our experienced channel partners align with you to implement both online and offline marketing strategies.
Deal Facilitation
We handhold and oversee negotiations, documentation, and finalization of property transactions.
Legal and Compliance Navigation
We manage legal formalities, including obtaining necessary certificates from relevant authorities and assisting with the coordination of banking formalities to ensure completion of transactions
*Real Estate and Tax Assistance services are offered through our partners
Case Studies
*Names and images used are for representation purpose only
Our Core Values
Trusted Experience
Leveraging extensive expertise to provide dependable and effective financial solutions
Client-centric Approach
Focusing on each client's unique needs and objectives to deliver tailored strategies
Comprehensive Solutions
Offering a spectrum of services to cover all facets of financial planning and management
Transparency and Integrity
Maintaining the highest standards of honesty and clarity in all interactions and services
Reach us today to learn more about how we can help you achieve your financial goals
Real Stories, Real Impact
Explore the stories of transformation and achievement shared by our valued clients
The Way2Wealth team maintained sincere and
client-focused support from the start. Their exemplary service and consistent, transparent communication earned my trust. Their recommendations have performed well, delivering impressive returns over the years.
ABHISHEK SINGH
President of UKI & EU Biz at Mastek; Reading, UK
Introduced to Way2Wealth by a trusted friend, I found their approach to be focused on my long-term wealth goals and comprehensive asset management. They provided valuable advice, facilitating quality discussions on the Indian economy and offering effective solutions for my fragmented portfolio. I appreciate Way2Wealth’s expertise in managing investments, especially for non-residents, and highly recommend their services.
ASHISH SINGRU
Senior Director at eBay; California, US
I was intrigued by Way2Wealth's personalized approach, especially in mutual funds. My Wealth Manager and his team crafted a diversified portfolio of direct equities and mutual funds tailored to my goals, with insightful guidance and regular updates. Their professionalism and commitment make them highly recommended.
SHASHANK MAHADEV
Head of Engineering at Flight Centre Travel Group; Brisbane, Australia
After moving back to India and facing challenges with my scattered portfolio, I met Way2Wealth’s Prasad Patil who thoroughly understood my needs and with a phased approach, helped consolidate my investments. I highly recommend Team Way2Wealth for their effective management and expertise.
SMITA LATH
Software Consultant
ABHISHEK SINGH
President of UKI & EU Biz at Mastek; Reading, UK
I met Way2Wealth (W2W) in 2013-2014 when seeking retirement solutions after moving back from the US. Due to my professional mobility, I needed continuity in my retiral solutions outside of my employment. Team W2W suggested NPS and strategies to maximize my PF contributions.
While working with large banks and financial institutions, the frequent workforce churn was a constraint for me, often causing delays in review of my investment strategy and leading to missed opportunities that are pivotal for long-term wealth creation. However, from the start, the W2W team headed by Mr. Patil, were sincere and client-focused, maintaining regular and open discussions. Initially focused on NPS, they later recommended a SIP strategy that has been ongoing for seven years, dynamically analyzed and assessed for performance.
Their service levels were exemplary as the execution strategies were a combination of online, offline and tele-executions. They earned my trust through consistent and transparent communication, regularly recommending stocks, AIF, PMS, and other investment options based on my needs. Their recommendations have performed well delivering impressive returns over the years.
Overall, W2W is a team of honest, sincere, and committed professionals who prioritize their clients. I wholeheartedly endorse them and look forward to their continued support, especially with their enhanced NRI Desk initiative for global citizens like myself.
ASHISH SINGRU
Senior Director at eBay; California, US
I am Ashish Singru, currently based in the US after living in Bangalore. I was introduced to Way2Wealth by a trusted old classmate and friend. I was interested in wealth managers who took my overall and long-term wealth management goal in mind.
Before Way2Wealth, my portfolio was fragmented across smaller PMS types and more liquid products like FDs and money market funds. I wasn't getting sufficient personal engagement from an experienced wealth manager.
However, in my first meeting with Mr. Prasad Patil, he focused on understanding my overall asset management situation and provided holistic solutions and advice.
Being a value investor with a long-term horizon, I have quality discussions on fundamentals of the Indian economy, sectors, and firms with the Way2Wealth team members. They provide prudent advice on buying and selling opportunities. Way2Wealth arranges for me to meet fund managers, answering my questions on stock selections and liquidations.
I have had good returns on PMS portfolios with Way2Wealth, especially their internal PMS, Wealth Focus. When returns were not good, they worked with me on alternative options. I have as much access to the team for regular updates and discussions as I need, which is important to me.
I am consolidating my portfolio. I also appreciate my wealth manager’s approach to hold cash positions and buy equities during market dips, improving long-term returns. As a non-resident, I have limited options in the Indian market, but the team advises me soundly on the best options given tax implications and regulatory guidelines.
I am very satisfied with my experience and strongly recommend other non-resident Indian investors to consider working with Team Way2Wealth.
SHASHANK MAHADEV
Head of Engineering at Flight Centre Travel Group; Brisbane, Australia
I'm Shashank Mahadev. Initially, I managed my investments independently. I learned about Way2Wealth from my father-in-law and was intrigued by their personalized investment strategies, especially in mutual funds.
My Wealth manager and his team impressed me with their professionalism and understanding of my financial situation. They recommended a diversified mix of direct equities and mutual funds tailored to my goals, and provided valuable insights on other investment options too.
Overall, I am very satisfied with Way2Wealth’s services. Their consultative approach and regular updates ensure transparency and alignment with my objectives. I highly recommend Way2Wealth for their expertise and commitment to personalized financial advice.
SMITA LATH
Software Consultant
I was initially hesitant to use a wealth manager due to my prior experiences with investment brokers in the US. However, after moving back to India and struggling to manage my growing and scattered portfolio, I sought help from my Chartered Accountant. She recommended Way2Wealth to discuss my needs.
A senior wealth advisor there Mr. Prasad took the time to understand my finances and requirements to begin with. Further, his focus was on consolidating my investments, focusing more on the Indian market and creating a diversified portfolio for better returns.
After multiple discussions, we agreed on a phased approach, which took six months to complete. The regular communication and clear explanations helped me build trust in their management.
In January 2024, my wealth advisor also helped screen my US investments, identifying underperforming assets and advising me to reinvest in better opportunities. This significantly improved my US portfolio's performance.
Overall, I highly recommend Way2Wealth.
Industry Insights
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Frequently Asked Questions
General
Investments
Tax Assistance
Real Estate
A non-resident Indian is an individual who is not a resident of India for tax purposes. A person is deemed to be an NRI if they spend less than 182 days in India during a fiscal year, or less than 60 days in India during a fiscal year and less than 365 days in India for the four fiscal years prior to that fiscal year.
In case of an Indian citizen or person of Indian origin, the 60 days shall be substituted with 120 days, if their income in India exceeds Rs. 15 lakhs in the fiscal year.
A Person of Indian Origin (PIO) is someone who is not a citizen of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal, or Bhutan, and who:
- Has held an Indian passport at any time, or
- Is a descendant of a person who was an Indian citizen by virtue of the Constitution of India or the Citizenship Act, 1955, or
- Is a spouse of an Indian citizen or a PIO.
Investment regulations for PIOs are similar to those for NRIs (Non-Resident Indians).
An Overseas Citizen of India (OCI) is a person of Indian origin who is a citizen of another country, but who is eligible for certain benefits in India, such as multiple-entry, multi-purpose lifelong visas to visit India.
OCIs enjoy several benefits, including exemption from reporting to the police for any length of stay in India and parity with NRIs in financial, economic, and educational fields except for the acquisition of agricultural or plantation properties.
If an NRI returns to India and becomes a resident per FEMA (Foreign Exchange Management Act, 1999), they need to inform their designated bank branch and the Depository Participant (DP). They must convert their NRI accounts to resident accounts and update their residency status in all investment records.
It is important to note that FEMA and Income Tax Act have different criteria for residency in India. Becoming a resident Indian per Income Tax Act may also subject them to Indian taxes on their global income.
An NRI can continue to hold and operate their assets abroad even after becoming a resident.
NRIs and PIO cardholders with Electronic Multiple Entry (EME) visas can invest in Indian stocks, mutual funds, and debentures through various channels:
- Direct Investment: They can purchase stocks and debentures directly through the Portfolio Investment Scheme (PIS). Mutual funds can be purchased directly from Asset Management Companies (AMCs) or online platforms.
- Demat Account (Optional for Mutual Funds): NRIs need to open a demat account with a Depository Participant (DP) in India if they are investing in stocks or debentures. Mutual funds typically don’t require a demat account.
- Bank Account: They must have an NRE (Non-Resident External) or NRO (Non-Resident Ordinary) account in India to manage the funds.
- Brokerage Account (Optional): They can use the services of SEBI-registered brokers to execute trades on their behalf (especially for stocks and debentures).
The Portfolio Investment Scheme (PIS) allows NRIs to invest in shares and convertible debentures of Indian companies on a recognized stock exchange. This scheme is governed by the Reserve Bank of India (RBI) and is designed to facilitate NRI investments in the Indian equity market. Under PIS, NRIs can buy or sell shares and convertible debentures through designated bank branches.
Yes, NRIs/PIOs can buy or sell shares and convertible debentures of Indian companies under the PIS. They must do this through a designated branch of an authorized dealer bank and route all transactions through this branch. The transactions must comply with RBI regulations regarding the ceiling on investments and other guidelines. NRIs can repatriate the sale proceeds and capital gains under the PIS scheme, subject to relevant regulations.
A designated branch is a specific branch of a bank authorized by the RBI to handle transactions under the PIS for NRIs. NRIs must route all their investment transactions through this branch to ensure regulatory compliance and streamlined processing.
Tax Compliance and Planning
If an NRI’s total income in India exceeds the basic exemption limit, they must file income tax returns in India. The exemption limit currently is Rs. 2.5 lakh for all NRIs, irrespective of age and gender.
NRIs are generally liable to pay tax in India on income earned or accrued in India, such as salary, rent, capital gains, and interest.
However, certain types of income, such as income from agriculture or specified investments like tax-free bonds issued by the Indian government, may be exempt from tax for NRIs.
To file an NRI tax return, you need your passport or some other identification proving your residential status in the home country, PAN card for tax identification in India, bank statements, proof of income like salary slips or rental income, TDS certificates (Form 16A), investment proofs, and capital gains details.
Interest earned on NRE accounts is tax-free, while interest on NRO accounts is taxable.
Short-term capital gains on listed equity investments are taxed at 20% (on par with resident Indians), and long-term gains on the same over Rs. 1.25 lakhs are taxed at a special rate of 12.5%. Capital gains on debt mutual funds are taxed at the applicable slab rates. Dividends and rental income are taxable as per applicable slab rates.
NRIs can claim relief under the Double Taxation Avoidance Agreement (DTAA). However, the benefits and requirements will vary depending on the DTAA agreement with the source country.
Property Management and Transactions
NRIs can manage their property in India from abroad through various means:
- Property Management Services: Hiring a property management company to handle maintenance, tenant management, and other tasks.
- Power of Attorney (PoA): Assigning a trusted individual with PoA to manage property transactions and legal matters on their behalf.
- Online Portals: Utilizing online property management and real estate portals for monitoring and managing property-related activities.
Yes, NRIs are allowed to acquire commercial properties in India. There are no specific restrictions on the number of commercial properties an NRI can buy. However, they must comply with the regulations outlined in the Foreign Exchange Management Act (FEMA).
Yes, NRIs and PIOs can invest in real estate in India. They can purchase residential and commercial properties without any restrictions on the number of properties. However, they cannot buy agricultural land, plantation property, or farmhouses.
The RBI guidelines for NRI investments in real estate include:
- NRIs can purchase residential and commercial properties without any specific approvals.
- They cannot buy agricultural land, plantation property, or farmhouses.
- Payments for property purchases must be made through inward remittances or funds from their NRE/NRO/FCNR(B) accounts.
- NRIs can repatriate the proceeds from the sale of immovable property under certain conditions.