Here are the top 6 reasons whyState Bank of India thinks Sovereign Gold Bonds, which are issued by the Reserve Bank of India, are good for investments:
> Assured Returns on SGBs: The gold bonds offer an assured return of 2.5 per cent, which is payable half yearly. This provides investors with a steady income stream throughout the investment period.
> No Capital Gain Tax on redemption: By investing in the SGB scheme, investors have a huge benefit on tax liability. The SGB Scheme ensures that no Capital Gain Tax is imposed upon redemption.
> Hassleless storage: Another big advantage of SGBs is the elimination of storage hassles, which is a big problem with physical gold.
> Liquidity: SGBs are tradable on stock exchanges within a fortnight of the issuance on a date as notified by the RBI.
> Collateral for Loans: SGBs can be used as collateral for loans. The loan-to-value (LTV) ratio is set equal to the ordinary gold loan mandated by the RBI. This provides investors with the potential to unlock liquidity and financing options based on their bond holdings.
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