Has anyone invested in SGB's or is it worth investing? If yes, how to invest and how much amount are you investing.
Its good to diversify your portfolio as long as liquidity is not an issue. Also no capital gain tax.
You can also buy them from the stock market like shares, they are traded on exchange, so in case of emergency you can sell them off too (but with 30% tax on profits, no tax in case you redeem at 8 years from RBI), plus 2.5% interest makes it little better than other gold investment options.
Zerodha has the option to buy fresh issued bonds, many banks also have options in their internet banking, there is even option to buy it filling a physical form I think
The sole reason SGBs exist is because our govt wanted to relief the budget a little by reducing gold imports
It is suited only for people with very large investable corpus.
If you are a retail or family person, buy jewellery and gift your parents/wife. Happiness is worth more than just few percentage higher diversification.
Two questions
My parents want to invest in gold and there are many options like physical gold, digital gold, gold etfs, SGBs and after searching the internet, people are saying SGBs are the best way to invest in gold. But there is no new issue of SGBs...
Are SGBs worth it? What happens if we buy from the secondary market instead of RBI? How is the interest calculated for those? Is the interest taxed as per slab?
I have a saved up 10L and planning to invest in SGB in the upcoming window, will this be a good idea to put all the money in one shot in SGB
