Why is SGB better than other Gold investment Medium?
Why is SGB better than other Gold investment Medium? 🧐
- Safety & Purity : No issues of purity in SGBs, unlike physical gold.
- Additional Income : Assured rate of interest is paid on the Sovereign gold bond at the rate of 2.5% P.a
- No Additional Expense : The price of physical gold includes making charges and GST while in an ETF, one needs to pay the expense ratio for managing the fund but in SGB, there are no additional charges of investing in SGB.
- Tax Efficiency: Capital gains on redemption of SGBs is not taxable, while tax on physical gold, digital goal or Gold ETF is taxable.
Want to know how much to invest in SGBs (as per your goals and financial objectives) ?
Visit the Recommendations section in the Dashboard at : https://bit.ly/StockRecommendations