Issue Highlights:
| Issue Period |
Jul 10, 2017 to Jul 14, 2017 |
| Minimum Investment |
Rs. 2780 (1 gram) |
| Maximum Investment |
Rs. 13,90,000 (500 grams x Rs. 2780) |
| Issue Price |
Rs. 2780 per gram |
| Mode |
Demat and Physical both |
| Tenor |
8 years |
| Interest |
2.50% (Fixed rate) p.a. on the initial investment paid half yearly |
| Interest Option |
Half yearly interval, will be served directly in to the account mentioned in the application form or in the account linked with the demat a/c. |
| Tradability |
Tradable on exchange |
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Comparison of Physical Gold, Gold ETF and Sovereign Gold Bonds
| Points |
Physical Gold |
Gold ETF |
Sovereign Gold Bonds |
| Returns | Lower than actual return on gold | Lower than actual return on gold | Higher than actual return on gold |
| Safety | Risk on handling physical gold | High | High |
| Purity of Gold | Purity of gold always remains a question | High as it is in Electronic Form | High as it is in Electronic Form |
| Capital Gain | Long term capital gain tax applicable after 3 years | Long term capital gain tax applicable after 3 years | Long term capital gain tax applicable after 3 years (No Capital gain tax if held till maturity) |
| Collateral against Loan | Yes | No | Yes |
| Tradability/Exit Route | Conditional | Tradable on Exchange | Tradable on Exchange Redemption - 5th year onwards with GoI |
| Storage Cost | High | Very low | Very low |
Here's why you should invest in Sovereign Gold Bond Scheme
1. Issued by Government of India
2. Assurance of Purity and Safety
3. Easy to store & liquidate
4. Tradable on exchanges
5. No TDS applicable
6. Can be used as collateral for loans
Please note:
You can apply online in RBI Sovereign Gold Bond Scheme till 04:00 PM, July 14, 2017. Applications will not be accepted after the cut off time.
Invest Now by login on our Trading Platforms |
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