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From an investment perspective, purchasing physical gold jewellery 👑 is the worst way to go because you lose 12% of its value as soon as you walk out of the store due to ‘making charges’.
The best option is Sovereign Gold Bonds (SGB) issued by RBI 🇮🇳 We can purchase up to 4kg of gold bonds per year. They are issued in denomination of 1 gram and hence are affordable to most middle class investors. Gold appreciates at 6-7% every year. SGB also give 2.5% interest rate on top of this. This the effective returns turns out to be 9-10%.
The tax treat of SGBs are very investor friendly. The capital gains tax (i.e. tax on the normal 6-7% appreciation of gold) is completely tax free is held until maturity of 8 years. The 2.5% interest rate is disbursed semiannually and is taxable as per income slab. The post tax returns overall is still lucrative enough to make it an essential requirement of our portfolio.
#financewithsharan #finance #sharan
