[FURY_44]

Experts, I have just invested in the newly released SGB from RBI for this year, the lock in period says 8 years and they also mention I will be paid interest on the purchase amount.

How does this work?, Where can I see my purchase in the Axis Bank app?, Can I sell it within 8 years?, How can I sell it?, Will the then market price be considered as selling price?

I am a complete noob, please advice.

[kavensri]

Originally Posted by FURY_44

Experts, I have just invested in the newly released SGB from RBI for this year, the lock in period says 8 years and they also mention I will be paid interest on the purchase amount.

How does this work?, Where can I see my purchase in the Axis Bank app?, Can I sell it within 8 years?, How can I sell it?, Will the then market price be considered as selling price?

I am a complete noob, please advice.

After reading your message, even i went ahead and invested in this scheme. Even though I am not an expert in this field, i found the information given in this link pretty useful and easy to understand.
https://m.rbi.org.in/Scripts/FAQView.aspx?Id=109

[INJAXN]

Originally Posted by kavensri

After reading your message, even i went ahead and invested in this scheme. Even though I am not an expert in this field, i found the information given in this link pretty useful and easy to understand.
https://m.rbi.org.in/Scripts/FAQView.aspx?Id=109

You bought it online?
I went to SBI branch and was told that SGBs can be purchased on selected days of month only.

[kavensri]

Originally Posted by INJAXN

You bought it online?
I went to SBI branch and was told that SGBs can be purchased on selected days of month only.

That's correct, I brought it online. Yes, they are available only on the selected dates. When I brought it was available between March 1-5.

[INJAXN]

Originally Posted by kavensri

That's correct, I brought it online. Yes, they are available only on the selected dates. When I brought it was available between March 1-5.

Sorry to ask noob question, Could you please tell where? I mean some bank website or somewhere else?
I tried finding it on SBI Yono, but could not find it.

[kavensri]

Originally Posted by INJAXN

Sorry to ask noob question, Could you please tell where? I mean some bank website or somewhere else?
I tried finding it on SBI Yono, but could not find it.

I don't think we have that option in mobile app. I did it through netbanking portal. After logging in, you need to go to e-services and there you can see Sovereign Gold Bond Scheme option.

[for_cars1]

Originally Posted by FURY_44

I am a complete noob, please advice.

You may be a noob but atleast not stupid. I bought my first ever purchase in aug last year at Rs 5250/gm .

[Pancham]

Originally Posted by for_cars1

You may be a noob but atleast not stupid. I bought my first ever purchase in aug last year at Rs 5250/gm .

There is nothing stupid in this. I bought once at 4600 and then at 5250. These things happen but we invest for the long term. So sit tight.

[mentalmaxout]

Hi guys a noob question

For a wedding in the family 1 year from now, for which gold ornaments will be needed.. How do i do an sip ? Buy physical gold each month or invest in gold etf?

If physical, what to buy. Gold coins/ biscuits/ save for free months buy bars.. What can give minimum wastage or loss?

Buying gold jewellery now not being an option as closer to wedding purchase seems to be preferred by the missus

Would appreciate your views

[Fx14]

Originally Posted by mentalmaxout

How do i do an sip ? Buy physical gold each month or invest in gold etf?

What can give minimum wastage or loss?

You could invest in Gold mutual fund schemes.

For Gold ETFs, individual orders would have to be placed via your trading account and you need a demat account as well.

[Ananthang]

Originally Posted by mentalmaxout

Hi guys a noob question

For a wedding in the family 1 year from now, for which gold ornaments will be needed.. How do i do an sip ? Buy physical gold each month or invest in gold etf?

If physical, what to buy. Gold coins/ biscuits/ save for free months buy bars.. What can give minimum wastage or loss?

Buying gold jewellery now not being an option as closer to wedding purchase seems to be preferred by the missus

Would appreciate your views

Since you want to buy jewels for sure after a year, why not join the Gold scheme from any reputed jeweler in a 11 month scheme. Usually they give offer on 0% wastage which will definitely help you save up to 12-16%. If amount is very high, maybe split between 2 or 3 reputed jewellers

[snr]

Gold jewelry, gold bars are the safest in my opinion. With a trusted jeweler, it can give good returns.

[kedar3223]

Hello, i am using zerodha as by broker. Wanted to know if i need to enable the commodity segment in order to invest in gold etfs and sovereign gold bond or is the equity segment enough to invest in this?

[Fx14]

Originally Posted by kedar3223

Hello, i am using zerodha as by broker. Wanted to know if i need to enable the commodity segment in order to invest in gold etfs and sovereign gold bond or is the equity segment enough to invest in this?

Equity segment is enough.

Type "GOLDBEES" (or any other ETF) in your watch list and trade as you do with stocks.

For sovereign gold bonds, you would have to select from one of the multiple tranches available.

[Huzi]

Originally Posted by mentalmaxout

If physical, what to buy. Gold coins/ biscuits/ save for free months buy bars.. What can give minimum wastage or loss?

Since you are planning to buy jewellery, consider buying coins from Tanishq. (I am not affiliated to this company in any way). IMO the coins of Tanishq can be easily exchanged in return while buying gold jewellery, at branded as well as family jewellers. Looking at the recent frauds, growing NPA’s in the Jewellery segment, and the wedding circumstance- I would advise you to go for purchase of coins on a monthly basis. This way your purchase price will average. (Not that it matters in your case, since the objective, is different)