The subscription for the second tranche of the Sovereign Gold Bonds (SGBs) scheme, the 2021-22 Series II, opens on May 24 and will close on May 28. The SGBs will be allotted on June 1, 2021.
Sovereign Gold Bonds (SGB) are issued by the Reserve Bank of India (RBI) at regular intervals throughout a fiscal year and give investors a unique opportunity to diversify their portfolios with a relatively stable investment compared to Equities. What’s more, SGBs can even be used as collaterals for loans!
With Sharekhan, you can now invest in SGBs 100% digitally!
What’s more, for investors making online payments and whose applications are made in digital mode, they get a Rs 50 per gram discount too!
So, what are Sovereign Gold Bonds?
SGBs are Government Securities denominated in grams of gold. These are substitutes for holding physical gold. SGBs are issued by the RBI on behalf of the Government of India in tranches throughout the fiscal year. Investors have to pay the issue price in cash and the bonds are redeemed in cash on maturity.
As you might know, there are many reasons for buying gold:
· The yellow metal acts as a hedge against inflation
· Relatively stable investment compared to Equities
· Good diversification strategy
Advantages of investing in SGBs
Let’s see why investing in SGBs could be a “golden” opportunity for you:
· Sovereign Gold Bonds carry the sovereign guarantee as these are issued by the Reserve Bank of India on behalf of the Government of India.
· These Bonds are tradeable on the Exchanges.
· With Sharekhan, you can easily purchase SGBs 100% digitally and hold the Bonds in Demat form. That’s not all – if you invest in SGBs via online payments and if your application is made in digital mode, you get a Rs 50 per gram discount as well!
Not a Sharekhan customer?
Not a Sharekhan customer, but still want to subscribe for Sovereign Gold Bonds? Open a free* Demat and trading account in just 15 minutes* with Sharekhan: https://bit.ly/SharekhanDIYin15 (* T&C apply).
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Sharekhan, which flies the 𝗙𝘂𝗹𝗹 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗕𝗿𝗼𝗸𝗲𝗿 flag, was founded in 2000 and is a subsidiary of BNP Paribas since November 2016. Sharekhan was one of the pioneers of online trading in India and today enjoys a country-wide network that includes 20 lakh+ customers, 153 branches and more than 2,400 business partners spread across over 541 locations.
𝗦𝗵𝗮𝗿𝗲𝗸𝗵𝗮𝗻’𝘀 𝘀𝘁𝗿𝗼𝗻𝗴 𝗼𝗻𝗹𝗶𝗻𝗲 𝗽𝗿𝗲𝘀𝗲𝗻𝗰𝗲
You can check out Sharekhan’s handles here:
· Website – https://www.sharekhan.com/
· Facebook – https://www.facebook.com/Sharekhan
· Twitter – https://twitter.com/Sharekhan
· Instagram – https://www.instagram.com/sharekhan/
· LinkedIn – https://www.linkedin.com/company/sharekhan/
· Quora – https://www.quora.com/profile/Sharekhan-by-BNP-Paribas
Download the 𝗦𝗵𝗮𝗿𝗲𝗸𝗵𝗮𝗻 app:
· Play Store – https://bit.ly/SharekhanAppOnPStore
· App Store – https://bit.ly/SharekhanAppOnAStore
Do tune into this podcast to find out more about SGBs.
