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Sovereign
Gold
Bonds
(SGBs)
-
Everything
you
need
to
know
👇🏽
1.
SGBs
are
an
easy
way
to
buy
gold
in
digital
form,
issued
by
the
Reserve
Bank
of
India.
Unlike
physical
gold,
there's
no
need
to
store
it
in
a
locker.
2.
Unlike
physical
gold,
SGBs
pay
an
interest
rate
of
2.5%
per
year.
This
is
calculated
on
the
initial
investment,
and
is
deposited
into
your
bank
account
every
six
months.
For
example,
on
a
₹1,00,000
investment,
you
would
earn
₹2,500
per
year
as
interest,
paid
in
two
installments
of
₹1,250
every
six
months.
3.
Apart
from
the
guaranteed
interest,
your
final
return
depends
on
the
prevailing
gold
prices
at
the
time
of
maturity.
If
gold
prices
increase,
you
benefit
from
capital
gains.
4.
SGBs
have
a
maturity
period
of
8
years,
with
an
option
to
exit
the
investment
from
the
5th
year.
5.
If
you
hold
the
bonds
to
maturity,
the
capital
gains
at
the
time
of
redemption
are
exempt
from
tax.
This
makes
SGBs
very
attractive.
Physical
gold
attracts
capital
gains
tax
of
up
to
20%.
However,
note
that
the
interest
income
you
receive
from
SGBs
is
taxable
at
your
income
tax
slab.
HISTORICAL
EXAMPLE
Bought:
Nov
2015
Buy
price:
₹2684
(per
gram)
Maturity:
Nov
2023
Price
at
maturity:
₹6132
Capital
gain:
₹3448
Interest
income:
₹590.48
Int.
after
tax
(30%):
₹413.34
Total
Profit
after
tax:
₹3861.34
Total
Profit
%:
144%
CAGR:
11.79%
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