As a US-resident NRI, is it better to invest new money in India or in the US?

For most US-resident Indians, new savings belong in the US system. US-domiciled accounts and funds give you long-term capital-gains rates, clean 1099 reporting, no PFIC penalties, and powerful tax-advantaged wrappers like the 401(k), IRA, and HSA that India can't match for someone taxed as a US resident. Investing fresh money in India usually means rupee currency risk, dual-country tax filing, TDS cash-flow drag, and — if you touch Indian mutual funds — the PFIC trap. The main reasons to add money in India are concrete: supporting family, an India home you'll use, or a firm plan to return. If your future spending is in dollars, default to US investing and treat India allocation as a deliberate, limited tilt achieved through US-domiciled funds. wealthserene.com/tools/portfolio-builder can help you set the overall mix.