Vikrant Shekhawat : Jun 20, 2022, 08:03 AM
Delhi: Modi government is once again selling cheap gold. Today this sale will start and you have a chance to buy cheap gold for next 5 days. This is gold, which cannot be stolen by a thief, guaranteed purity so much that on selling it, one gets the current market rate, that too along with interest. Apart from this, there are many benefits too. Yes, we are talking about Sovereign Gold Bond.
The sale of the first installment of Sovereign Gold Bond (SGB) this financial year will start for five days starting from Monday i.e. today. Rishad Manekia, founder and managing director of Mumbai-based investment advisory firm Kairos Capital, said SGBs can be seen as an alternative to holding physical gold and investing in it yields returns. It is an advantageous option from the point of view of its being supported by the government and security. Let's know about its benefits, rate and place to buy ..Advantages of Sovereign Gold BondGuaranteed Return: The most important thing about this is that the investor gets the benefit of increasing the price of gold. In addition, they also get a guaranteed fixed interest of 2.5% on the investment amount.Tax exemption: Long term capital gains tax will be levied on it after three years (capital gains tax on holding till maturity)where and how to getUnder the Sovereign Gold Bond Scheme, a person can buy a maximum of 500 grams of gold bonds in a financial year. Whereas the minimum investment is one gram. You can save tax by investing in this scheme. The Bond will be restricted for sale to Trustee Individuals, HUFs, Trusts, Universities and Charitable Institutions. At the same time, the maximum limit of subscription will be 4 kg per person, 4 kg for HUF and 20 kg for trusts and the same per financial year (April-March).According to RBI data, a total of Rs 38,693 crore (90 tonnes of gold) has been raised since the launch of the scheme in November 2015. A total amount of Rs 29,040 crore was raised in the financial years 2021-22 and 2020-21, which is about 75 per cent of the total amount raised.The RBI raised a total amount of Rs 12,991 crore (27 tonnes) by releasing 10 installments of SGB during 2021-22. The central bank raised a total amount of Rs 16,049 crore (32.35 tonnes) in 2020-21 by releasing 12 tranches of SGBs.The central bank actually issues bonds on behalf of the Government of India. These can only be sold to resident individuals, Hindu Undivided Families (HUFs), trusts, universities and charitable institutions. RBI said the SGB will have a tenure of eight years, from which it can be prematurely encashed after the fifth year. This option can be exercised on the date on which interest is payable.Sovereign gold bonds saw the most attractiveness for investment in the years leading up to the outbreak of the COVID pandemic, and investments in the scheme grew exponentially as investors looked for safer alternatives. Heavy volatility in the stock market during the years 2020-21 and 2021-22 also increased the inclination towards gold bonds. The sale of these bonds in these two years is 75 per cent of the total sales since the inception of the scheme in November 2015.
The sale of the first installment of Sovereign Gold Bond (SGB) this financial year will start for five days starting from Monday i.e. today. Rishad Manekia, founder and managing director of Mumbai-based investment advisory firm Kairos Capital, said SGBs can be seen as an alternative to holding physical gold and investing in it yields returns. It is an advantageous option from the point of view of its being supported by the government and security. Let's know about its benefits, rate and place to buy ..Advantages of Sovereign Gold BondGuaranteed Return: The most important thing about this is that the investor gets the benefit of increasing the price of gold. In addition, they also get a guaranteed fixed interest of 2.5% on the investment amount.Tax exemption: Long term capital gains tax will be levied on it after three years (capital gains tax on holding till maturity)where and how to getUnder the Sovereign Gold Bond Scheme, a person can buy a maximum of 500 grams of gold bonds in a financial year. Whereas the minimum investment is one gram. You can save tax by investing in this scheme. The Bond will be restricted for sale to Trustee Individuals, HUFs, Trusts, Universities and Charitable Institutions. At the same time, the maximum limit of subscription will be 4 kg per person, 4 kg for HUF and 20 kg for trusts and the same per financial year (April-March).According to RBI data, a total of Rs 38,693 crore (90 tonnes of gold) has been raised since the launch of the scheme in November 2015. A total amount of Rs 29,040 crore was raised in the financial years 2021-22 and 2020-21, which is about 75 per cent of the total amount raised.The RBI raised a total amount of Rs 12,991 crore (27 tonnes) by releasing 10 installments of SGB during 2021-22. The central bank raised a total amount of Rs 16,049 crore (32.35 tonnes) in 2020-21 by releasing 12 tranches of SGBs.The central bank actually issues bonds on behalf of the Government of India. These can only be sold to resident individuals, Hindu Undivided Families (HUFs), trusts, universities and charitable institutions. RBI said the SGB will have a tenure of eight years, from which it can be prematurely encashed after the fifth year. This option can be exercised on the date on which interest is payable.Sovereign gold bonds saw the most attractiveness for investment in the years leading up to the outbreak of the COVID pandemic, and investments in the scheme grew exponentially as investors looked for safer alternatives. Heavy volatility in the stock market during the years 2020-21 and 2021-22 also increased the inclination towards gold bonds. The sale of these bonds in these two years is 75 per cent of the total sales since the inception of the scheme in November 2015.