Amit Ranjan was stunned. For years, financial advisers had recommended only homegrown investment options to the Indian tech entrepreneur and angel investor. But earlier this year, the advice changed dramatically: Ranjan, they said, should invest 20 percent of his portfolio outside India.
“I couldn’t believe what they were saying, so I asked them to repeat it,” he recalled. Then, Ranjan called his friends to check what their advisers were telling them. They confirmed: they too were receiving similar guidance.
