SGBs Is Not Lucrative AnyMore by codingdefined

hive-167922 · @codingdefined · Oct 6 '24

$4.66

SGBs Is Not Lucrative AnyMore

SGBs or Sovereign Gold Bond was one of the lucrative way to invest in the Gold where you are buying the Gold Bond from the government for 8 years and also you were getting 2.5% returns every year. So you were getting double benefits, the Gold increase benefit for 8 years as well as interest for 8 years which were tax free.

![17282310551666204380141630569770.jpg](https://files.peakd.com/file/peakd-hive/codingdefined/23tvibWwff5GkdUdqRhZZLYnggeuQVEdd4wWTwg1E1uir8J5KT2uoTAHSdRwCVFW5zaSU.jpg)
PC: Pixabay.com

But recent changes in the Budget has decreased the Gold amount substantially which means people who were investing in the SGB would not get a lot of money back for their Gold.

People invest in SGBs or Gold for Diversification as well as returns. We need instruments for investment which are as liquid as possible and the SGBs are not liquid and it fluctuates a lot if you are buying from secondary market. And that's why investing in Gold Funds make sense, Gold ETFs are also good but again in Gold ETFs if you are trading like buying and selling then it's good buy otherwise it's not good as it suffers from price nav deviations.

So for diversification and for longer term, SGB is not lucrative any more. So, now investing in the Gold Funds makes sense. I am investing in the Gold ETFs for profit purpose for my ETF Shop. And will start buying the Gold Funds I.e. Gold Mutual Fund for investment or diversification purpose. Having a 5 to 10% of your investment in Gold is actually a good portfolio diversification. Because it gives the hedge against your portfolio. And seeing the last 10 year returns, Gold can actually give you some good returns.

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Posted Using [InLeo Alpha](https://inleo.io/@codingdefined/sgbs-is-not-lucrative-anymore-arp)

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vlemon	262,437,820,549	75%
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lifecruiser	4,247,067,712	50%
inuke	949,624,733	20%
steemflow	185,740,903,328	51%
bobinson	473,903,198,155	45%
xabi	424,346,815	20%
sankysanket18	1,011,590,025	22.5%
chekohler	10,223,927,290	10%
vishire	1,502,167,072	45%
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oredebby	5,572,404,614	50%
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therabbitzone	859,161,770	50%
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alokkumar121	744,649,768,702	50%
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sanjeev021	979,744,499	10%
marianaemilia	8,276,775,405	20%
karishmasingh711	2,369,101,619	100%
khan.dayyanz	53,742,245,296	40.5%
gomster	941,199,312	10%
olaexcel	773,102,462	22.5%
caaio	694,174,008	20%
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bastter	2,758,492,532	20%
badfinger	1,253,064,551	22.5%
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baltai	5,006,076,434	1.93%
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phython	117,672,931	100%
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f0x-society	1,242,682,692	50%
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defi.campus	14,067,403,398	50%
sidjay	678,356,243	13.5%
ksam	504,056,906	7%
dikshabihani	2,419,574,991	22.5%
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yogeshbhatt	5,638,896,735	45%
seuamiguto	483,162,234	20%
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okluvmee	40,819,685,065	22.5%
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readthisplease	8,001,301,685	100%
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deimage	9,553,694,608	22.5%
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deggial	11,348,144,261	20%
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