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sovereign gold bonds sgb
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Is that a good idea to buy sovereign gold bonds sgb?
Is that beneficial?
Can someone who is holding such bonds please elaborate the advantage and disadvantage of sovereign gold bonds sgb.
Actually I'm looking forward to invest in it.
Thank you
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But kuch samaj nahi aya.
You can get 2.5% interest paid every year on the amount invested, if luck works in your favour with gold rate increase at the time of redemption which is 8 years lock-in, you can get the benefit. There are lot of unknowns with a long lock-in period and gold rate already hovering at its peak since last few years.
There is no lock in period. You can always sell your holdings in secondary market
I have invested around 20 lakh in sovereign gold bond as it is a good debt option. lock in period(8 years) is good because it forces you to stay invested and not spend money on buying fancy cars ,tv, phones etc. it is better than FD but lockin is the issue.I think if you hold in demat format you can trade in share market but will attract capital gain tax.
another advantage is No Capital gain tax for individuals who holds the SGB tills maturity as it is exempt under section 47 of income tax act
but i will suggest you invest 70 % in MF and 30% in debts in which SVG can hold 5-10%.
my portfolio is giving 20% XIRR in MF. PM me for investment suggestions.
which app this
It's good ..
but you are not getting real gold and govt. Is also benefitted from this there is a contract between you and govt. That on particular date whatever will be the price we will pay you but not real gold .. so most of us will say yeah what's the issue we are getting gold's at market price anyway we will get this only .🥴. Yahi khela h bas
I have invested around 20 lakh in sovereign gold bond as it is a good debt option. lock in period(8 years) is good because it forces you to stay invested and not spend money on buying fancy cars ,tv, phones etc. it is better than FD but lockin is the issue.I think if you hold in demat format you can trade in share market but will attract capital gain tax.
another advantage is No Capital gain tax for individuals who holds the SGB tills maturity as it is exempt under section 47 of income tax act
but i will suggest you invest 70 % in MF and 30% in debts in which SVG can hold 5-10%.
my portfolio is giving 20% XIRR in MF. PM me for investment suggestions.