Search This Website

5/25/21

Once again there is an opportunity to invest in Sovereign Gold Bonds, invest by May 28 and get a fixed interest of 2.50%

chance: Once again there is an opportunity to invest in Sovereign Gold Bonds, invest by May 28 and get a fixed interest of 2.50%






The second series of Sovereign Gold Bonds for the financial year 2021-22 is starting from May 24. Gold bonds can be invested until May 28. Under this, the price of gold per gram has been fixed at Rs 4,842. Those who apply online for this and pay through digital payment will get a discount of Rs 50 per gram. In the first series, 1 bond was priced at Rs 4,777. Here are some important facts about Sovereign Gold Bond ...

Also read 

Aaj mere yaar ki shaadi hai! Motai Upade was killed, the police made a frog, you will be overwhelmed with laughter


What is a Sovereign Gold Bond?
Sovereign gold bonds are government bonds. It can be converted to demat form. It is valued not in rupees or dollars, but in the weight of gold. If the bond is five grams of gold, the value of the bond will be the same as the value of five grams of gold. To buy it, you have to pay the issue price to an authorized broker of SEBI. The bonds are issued by the Reserve Bank of India (RBI).

Also read 

This is LIC's special policy: save Rs 200 a day and get Rs 22 lakh, no premium for so many years


2.50% interest on
issue price Sovereign Gold Bonds get a fixed interest rate of 2.50% per annum on the issue price. This money is credited to your account every 6 months. You do not get this kind of benefit on Physical Gold and Gold ETFs. According to the NSE website, one of the advantages of investing in Sovereign Gold Bonds is that there is no tax on the profits after a maturity period of 8 years. In addition, there is no TDS on the interest paid every six months.

1 gram to 4 kg of gold can be purchased
A person can buy a bond of minimum 1 gram and maximum value of 4 kg in a financial year. However, the maximum purchase limit for the trust is 20 kg. One can buy 500 grams of gold bonds in a financial year. The maturity period of the bond is 8 years. But investors get a chance to exit after 5 years. That means if you want to get out of this bond you can get out after 5 years. According to the NSE, this sovereign gold bond can also be used as collateral when taking out a loan. Apart from this, these bonds can also be traded on the NSE.


Maturity period of 8 years remains The maturity period of the bond is 8 years. But investors get a chance to exit after 5 years. That is, you can cash it in after 5 years if needed. According to the NSE, this sovereign gold bond can also be used as collateral. Apart from this, these bonds also trade on the NSE. If there is any capital gain on the maturity of the gold bond, it is exempt.

Also read 

Black Fungus: A medicine for patients suffering from black fungus, find out what the cost will be and how effective it is.


Pure Gold is
Available The price of a gold ETF is transparent and uniform. It imitates the London Bullion Market Association, the global authority for precious metals. Also, physical gold can be offered by different sellers / jewelers at different prices. Gold purchased from Gold ETF guarantees 99.5% purity, which is the highest level of purity. The price of gold taken by a person will be based on this purity.

How much tax does Sovereign have to pay? There is
no tax on his benefits after a maturity period of 8 years. LTCG (Long Term Capital Gain) tax is levied on the benefit if you withdraw money after 5 years. LTCG is taxed at 20.80%. It also includes cess.

Buying Gold ETF Easy
To buy Gold ETF you have to open a demat account through your broker. In this the person can buy units of Gold ETF available on NSE and the same amount will be deducted from the bank account linked to the person's demat account. Gold ETF is credited to the person's account two days after placing the order in the person's demat account.

Also read 

Lions Club of China sends 20 oxygen contrasters to Gujarat from Ahmedabad's sister city Guangzhou


Investments can also be made offline. The
RBI has given several options for investing in this scheme. It can be invested through bank branches, post offices, stock exchanges and stock holding corporations of India. The investor has to fill up an application form. The money is then deducted from their account. The bond is transferred to a demat account. PAN is required to invest.

The bonds will be sold by all banks, Stock Holding Corporation of India Limited (SHCIL), accredited stock exchanges, National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange Limited (BSE).

Also read 

2.23 lakh crore foreign investment in 1 year in the state, Gujarat first in the country with 37% in FDI


How appropriate is it to invest in this?
Pankaj Mathpal, a personal finance expert and founder and CEO of Optima Money Managers, says that if you want to invest in gold, this may be the right time because it can give a good return in the days to come during the Corona epidemic. According to him, in the last 10 years, gold has returned an average of 10% to 11% per year. Investing in gold for a long time will be beneficial.

Read in Gujarati news 

Limited investment in gold is beneficial
Even if you like to invest in gold, you must invest in it. According to experts, only 5% to 10% of the total portfolio should be invested in gold. Investing in gold in times of crisis can stabilize your portfolio, but in the long run it can reduce your portfolio returns.

No comments:

Post a Comment