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Gold investment can keep your wealth secured and it is equally important to understand that there are certain ways to invest and you can opt for a suitable option depending in the form that you would like to have your gold in . Dig in to get a clarity on types of gold investment and more. For consultation, contact today- Phone: 91 9033009955 Email:connect@promore.in<br><br><br>Gold investment can keep your wealth secured and it is equally important to understand that there are certain ways to invest and you can opt for a suitable option depending in the form that you would like to have your gold in<br><br>
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Planning to BUY OR GIFT GOLD? Let’s choose to do it the right way!!!
Is gold worth buying today? How do I maximize my returns on gold investments? Let’s dig a little deeper to find out: A 10% holding in gold provides adequate portfolio diversification as gold tends to behave differently than stock movement. The various investment options in gold majorly include physical gold, exchange- traded funds (ETFs), gold mutual fund & sovereign gold bonds. Each one has its own merits and demerits hence an informed decision is essential.
Let’s understand each one of them: 1) Physical Gold • Jewellery, coins or biscuits are generally bought on occasions and have religious values • Confidentiality can be maintained as it is usually bought through a jeweller or banker. • Maintain proof of purchase (e.g. invoice) for taxation or resale purpose. 2) Exchange-Traded Funds (ETFs) • It’s a combination of investment in physical gold & stock. • A Demat account is mandatory. • Physical Gold Bullion of an equivalent amount of investment made is kept with the custodian (e.g. bank) in the name of the investor. • The custodian is responsible for the protection of bullion hence the risk of theft is mitigated.
3) Gold Mutual Funds • It is a variant of exchange-traded fund, whereby the underlying asset is exchange-traded fund instead of physical bullion. • Like exchange-traded funds, these are pooled investments managed by mutual fund AMC. • The portfolio of these mutual funds mainly consists of exchange-traded funds & other related assets. 4) Sovereign Gold Bonds (SGBs) • Intending to curb physical gold transactions, RBI has released sovereign gold bonds. • They are issued at various intervals as per RBI’s schedule.
Let’s score them on relevant factors: 1) Purity 2) Risk 3) Redemption Value 4) Additional Return 5) Additional Cost 6) Liquidity 7) Collateral 8) Lock-in & Tenure 9) Minimum investment 10) Maximum Investment 11) Re-investment & SIP option 12) Taxation
If the investing goal is long-term, one should lean towards sovereign gold bonds, and the ones intending for short-term investments or accumulating gold at different intervals may opt for exchange-traded funds or mutual funds. For the Financial Year 2021-22 RBI has lined up six series of sovereign gold bonds from May 2021 to September 2021, .
here are the Subscription dates of the first set of sovereign gold bonds launched this year: • Series I: May 17 – May 21, 2021 • Series II: May 24 – May 28, 2021 • Series III: May 31 – June 04, 2021 • Series IV: June 12 – June 16, 2021 • Series V: August 09 – August 13, 2021 • Series VI: August 30 – September 03, 2021 Ramp up your investment in gold and make the most of the incentives
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