Recently Sachin Kothari, Director at Augmont Gold For All focussed on the return on Sovereign Gold Bond (SGB). He said, for a better risk-adjusted return, investors should always allocate at least 15% of their portfolio to gold. The best option to invest in gold in India for the long term is through Sovereign Gold Bond (SGB).
The RBI issues the SGB on behalf of the Government of India, and the Sovereign Gold Bond Scheme has an eight-year term. However, after the fifth year from the date of the issue of coupon payment dates, a premature withdrawal is permissible. Other than gold price appreciation, investors receive an additional 2.5% interest on SGB semi-annually.
The first tranche of SGB, which matured on November 30, 2023, gave a whopping 150% return to the investors, who held it till the maturity of eight years. Similar kinds of returns could be expected in investments through other tranches too, as gold is an eternal bull market.
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