Expressing his delight at the interest level of investors in his platform on the first tranche of the Sovereign Gold Bold scheme, Zerodha founder and CEO Nithin Kamath on May 22 tweeted that it is the best investment option for gold exposure.
“Gold Bonds (SGB) issue that closed yesterday was our highest ever at 250kgs. Bull markets everywhere. Compared to digital gold, investors saved over Rs 6 crs in GST & commissions. This on top of the fixed 2.5% interest per year that Govt offers. SGB is one of the best options if you want gold exposure. New SGB Issue from next Monday,” he tweeted.
Gold Bonds (SGB) issue that closed yesterday was our highest ever at 250kgs. Bull markets everywhere. 😀
Compared to digital gold, investors saved over Rs 6crs in GST & commissions. This on top of the fixed 2.5% interest per year that Govt offers. 1/2