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| Name | Sovereign Gold Bonds (SGBs) - Which series of SGBs should we buy from the secondary market? |
| Video Uploader | Video From Keep it Simple |
| Upload Date | This Video Uploaded At 08-04-2023 05:57:22 |
| Video Discription | This video is in Hindi and covers the following topics: Sovereign Gold Bonds (SGBs) - Which series of SGBs should we buy from the secondary market? कौन सी Series के SGBs हमें Secondary Market से खरीदने चाहियें? Link of NSE SGB site: https://www.nseindia.com/market-data/sovereign-gold-bond Since each SGB series gets listed on the stock exchanges, one can buy units from the BSE and NSE if one holds a demat account. 60+ series are trading in the cash segment of the BSE and NSE. Flexibility with the maturity and lock-in period SGBs mature after 8 years and come with lock in period of 5 years. If you want flexibility with the maturity period and avoid lock-in, you can buy SGB’s from secondary market too. Price The buying price in the secondary market is normally below the physical gold price/issue price of fresh issue. This is typically a result of sellers willing to accept a discount in return for a quick exit from the instrument. Interest Dynamics SGB gives you 2.5% interest per annum paid twice a year. The interest is payable on the issue price of a particular series, not on your buying price in the secondary market. Taxation Benefits The capital gains tax in SGB’s is nil if you hold it till maturity, that is after eight years. This is applicable even if you buy it in secondary market for the residual maturity. Liquidity/Charges Liquidity is not great if you want to buy in large quantity Significant gap in buyer and seller price You need to pay brokerage, government taxes Inter-depository Transfers NSDL to CDSL (and vice versa) depository transfer takes time to reflect it in your holdings |
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