This single amendment, unfortunately, overshadows much of the Budget's promise, explains Harsh Roongta.
Sometimes, the most powerful Budgets whisper and the wisest investors listen, notes Ramalingam Kalirajan.
Ask rediffGURU Naveenn Kummar your insurance mutual fund and personal finance-related questions.
Ask rediffGURU Naveenn Kummar your insurance mutual fund and personal finance-related questions.
'It has also outlived its initial purpose of reducing physical gold imports.'
'Investors' decisions should reflect their financial goals, risk tolerance, and the amount of gold already present in their portfolio.'
The government does not seem keen on issuing fresh gold bonds given the overall cost and rising gold prices.
While SGBs are a sound investment, they aren't worth buying at any price. The interest income you earn from them will not justify paying a high premium.
All investors should ideally have a 10 to 15 per cent allocation to gold. Whether they invest in gold ETFs or SGBs should depend on their investment horizon.
Understand the pros and cons of SGBs before rushing to invest in them based on past returns.
Do you have financial planning or income tax queries? Ask rediffGURU Anil Rego.
rediffGURU Dev Ashish answers your personal finance and mutual fund queries.
The first tranche of sovereign gold bond for 2022-23 will open for subscription for five days from June 20, the Reserve Bank of India said on Thursday.
'It is the best avenue for investors who would like to take long-term exposure to gold.'
'Gold prices thrive on volatility and more so when the stock markets trend downward.'
Mutual funds (MFs) are lining up distinguished new fund offerings (NFOs) for the next financial year to win over investors after a lukewarm response to product launches in the 2022-23 financial year (FY23). NFOs drew a lukewarm response in FY23 as launches were mostly in the passive debt space, which has a comparatively lower popularity among retail investors. The limited launches in equity space also failed to rake in huge sums due to subdued investor sentiments in a volatile market.
'In most schemes, where the monthly investment is a fixed amount, investors run the risk of the price of gold rising during the tenure of the recurring deposit,' notes Harsh Roongta.
If you missed the primary market bus but still want to invest in Sovereign Gold Bonds, then feel lucky.
'Gold could return 10% to 12% in the next two-three years.'
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
It's good for diversifying portfolio and saving for long-term goals
Nikunj Saraf, Vice President Choice Wealth, answers your queries
The best part is that an investor gets price appreciation and earns interest income as well, which is unique only to sovereign gold bond.
The government has sold SGBs worth Rs 1,990 crore in April and May alone.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
'You should always maintain an allocation to gold as it has the ability to counterbalance any correction in the equity market.'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The government will issue Sovereign Gold Bonds (SGBs) in six tranches beginning April 20, the Reserve Bank of India said on Monday. The bonds will be denominated in multiples of gram(s) of gold with a basic unit of 1 gram and the tenure of the SGB will be eight years with exit option after fifth year to be exercised on the interest payment dates.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Experts recommend buying gold as the fundamentals supporting a rally have not changed.
Being more financially savvy helps women choose the right balance between consumption spending vs investing for future and can hold them in good stead as life hands out various twists and turns along the way, says Piyush Baranwal
You also avoid capital gains tax during redemption in case the gold price is higher, making them tax efficient.
The Sovereign Gold Bonds will be sold through banks, Stock Holding Corporation of India Limited, designated post offices and recognised stock exchanges -- the NSE and BSE.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
'Everyone is still trying to understand the quantum of impact demonetisation will have on the economy.'
You can use gold as a financial instrument to diversify your portfolio into hedging against uncertainties in the market, but for ambitious returns, you must explore opportunities in other asset classes such as equities, debts and real estate, says Adhil Shetty, CEO, BankBazaar.com.
At face value of Rs 2,893 and interest payout of 2.5 per cent, sovereign gold bonds offer best route to invest in yellow metal, says Tinesh Bhasin
While the government has not made the report public, sources said the panel had recommended a sharp cut in all taxes on the gold business, including import duty and goods and services tax which amounts to over 13%.
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