Sovereign Gold Bonds : Features and Advantages
If you are looking for investment in gold, invest in SGB instead of physical or gold ETF. It is the best way for investing in gold. It is issued by RBI on behalf of the Government of India. It comes in Demat form, not in physical gold. That is why it very safe and pure. In physical gold there is a risk of theft and other costs involved. Also, you are going to get 2.5% per annum interest on it that is a kind of bonus to you for holding it in Demat form. And there are so many benefits of SGBs, which has been highlighted below. Read and explore more.
Storage - Risk free investment, no storage cost or maintenance cost
Tax benefits - No tax on capital gain out of gold price appreciation, if redeem after maturity
Trade on stock exchange - You can redeem in the secondary market (Stock market), if required
Indexation benefit - Long term capital gain from selling it in secondary market are indexed
Interest - Interest @2.5 % per annum on the market price of gold twice a year
Hedge against Inflation
Discount - INR 50 per gram discount on the nominal value
Investment - Minimum 1 gram, Maximum 4 KG per investor, for entities 20 KG
Tenure - 8 years
How to invest in SGB
Use following mode to invest -
Nationalized banks
Scheduled private and foreign banks
Designated post offices
Stock Holding Corporation of India Ltd. (SHCIL)
Authorized stock exchanges
- Date for subscription for SGB is released on RBI website for year 2021. Check using the link below-
Read | Invest | Earn | Grow |
References -
https://scripbox.com/mf/sovereign-gold-bonds/
https://www.icicibank.com/Personal-Banking/investments/sovereign-gold-bond/benefits.page
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