The Art of Money by KG

Dear Friends, Hope you all are staying safe with your family in these tough times of Covid-19. With ample of time in hand, I definitely suggest to sort out your finances, realign the portfolio as per your risk tolerance and future goals. You all should have heard about the current Sovereign Gold Bond (SGB) scheme going on for the current financial year 2020-21. SGB is available with tenure of 8 years with exit options available in 5 th , 6 th , 7 th  year also. With Akshay Tritiya round the corner, why not give SGB a shot ? If you need more details before making an informed decision , please read below.   Let’s discuss about this scheme in detail. What is Sovereign gold bonds (SGB) scheme? SGB is a government security issued by Reserve Bank of India on behalf of Government of India. It is denominated in grams of Gold. You can buy from a minimum of 1 gram to a maximum of 4 Kilograms. SGBs are simple and useful substitute of holding physical go

Dear Friends, You all should have heard about the current Sovereign Gold bond scheme going on for the current financial year 2016-17 (For latest details please visit my another post --> Link ).  SGB is available with tenure of 8 years with exit options available in 5 th , 6 th , 7 th year also. Let’s discuss about this scheme in detail. What is Sovereign gold bonds (SGB) scheme? SGB is a government security issued by Reserve Bank of India on behalf of Government of India . It is denominated in grams of Gold. You can buy from a minimum of 1 gram to a maximum of 500 grams. SGBs are simple and useful substitute of holding physical gold. Benefits of SGBs There are multiple benefits of investing in SGBs over holding physical gold. 1.     SGB is available both in paper as well as Demat format. 2.     Risk and cost of secured storage of physical gold is fully eliminated. 3.     No extra/hidden charges like making charges. 4.     No issue regarding