Isn't Gullak gold + better than Govt backed SGB?
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I was wondering if gullak gold + is better than owning government backed SGB
Gullak gold + gives 5% extra hold however govt is adding just 2%
What's your take dimers?
Gullak gold + gives 5% extra hold however govt is adding just 2%
What's your take dimers?
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https://www.desidime.com/comments/permalink/10443460
tldr: Trust Factor with Govt. and if they wouldnt give 2-3% more no one would invest in Gullak
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There is a reason people invest in US treasury bond, 4.3% yield, rather than FD in indian Banks(6.7%)
because of the trust factor, Govt isnt gonna dissolve. But Company. yes. So would you trust Gullak or Govt with your money?
if they wont give more than govt, why would someone give them their money,
and usually when the sum is large like lets say 1 lac, 10 lac, or 1cr+ you wouldnt let Gullak handle it.
You would take 2-3% less interest for the lesser to no risk.
It applies to everything in investing.