Gold is a great investment that acts as a store of value and also as a hedge from inflation. Investing in SGB is the best way to invest in Gold. You can buy these Bonds from Zerodha easily by following some simple steps.
Buying Sovereign Gold Bonds is the best way to invest in Gold. They come with many benefits such as these are Tax-Free if held till maturity. These bonds also come with a 2.5% coupon rate payable semi-annually which is an added benefit. You can get a discount of Rs 50 per gram if applied through any online method. SGBs are Sovereign Bonds which means that they come with the trust of the Indian Government. This makes them a 99.99% risk-free investment.
These bonds are periodically launched in tranches by the RBI. You can easily buy them online through a stock broker and keep them safely in your Demat account.
Some points to remember before applying for an SGB.
Now that you know the basics, Let’s see what are the steps to buy these SGB (Sovereign Gold Bonds) from Zerodha.
By following the above steps, you can buy Sovereign Gold Bonds, from Zerodha easily. The total amount required to purchase the Bonds should be there in your account on the date of issue, therefore remember to Fund your Zerodha account adequately or else the order for the SGB will get canceled and you won’t be able to purchase it from the Primary issue and get a discount of Rs 50 per gram.
Buying Sovereign Gold Bond from Zerodha is a very simple and seamless process. If you already have an account with Zerodha, you are eligible to buy any quantity of SGB till 4 kg. You can apply from the Primary issue or buy these Bonds from the stock exchanges after it gets listed. This usually happens after 10-14 days from the date of the issue.
Sovereign Gold Bonds can be bought from Zerodha either from the secondary market where it gets listed after 10-15 days of issue or from the primary market through "Coin" (Coin is a platform of Zerodha used for buying and selling government securities) at the time of issue. The minimum quantity is 1 gram or 1 unit of the SGB and the maximum is 4kg or 4000 units for an individual.
No, you don't need a demat account to buy Sovereign Gold Bond. SGBs can be purchased through banks or online marketplaces. The clients without demat accounts will receive physical and e-certificates for the holdings.
Sovereign Gold bonds is one of the most promising investments that can be made by people. The certificate of SCB is accessible though all the official agencies or agents and directly it is accessible from RBI via emails.
Zerodha is India’s top Discount broker that allows its clients to trade in Equity and Commodities. Equity and commodity are two different asset classes in which you can trade as well as Invest. Know what are equity and commodities in detail.
Discount brokers have gained a lot of popularity in the past couple of years. Zerodha is currently India's largest and most trusted discount broker which is also the best option for beginners. It has all the necessary qualities required for a good broker like low commissions, low-maintenance charges, high-quality trading terminal, etc.
Zerodha as well as Groww, both allow investors to invest in Mutual funds. Groww does not charge any Account opening fees or Annual maintenance Charges but Zerodha charges Rs 200 for Account opening and Rs 300 for AMC. This makes Groww a cheaper and better option when it comes to investing in mutual funds.
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Trigger price is the price entered by a trader during stop-loss limit and stop-loss market orders. Let's understand this in detail. In Zerodha following this mechanism is really simple.
SGB are essentially gold-backed securities issued by the government. It is one of the most profitable gold investments. They are only released twice a year, with the date typically unknown in advance by the government. It is one of the most secure alternatives for individuals because it is handled digitally, and the Reserve Bank of India (RBI) issues these on behalf of the Indian government.