Zerodha CEO Nithin Kamath on Sovereign Gold Bond as an investment option
He said SGB is one of the best options if an investor is looking to invest in the yellow metal
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— Nithin Kamath (@Nithin0dha) May 22, 2021
SGB is one of the best options if you want gold exposure. New SGB Issue from next Monday. https://t.co/hAEeixfNnh
2/2
— Nithin Kamath (@Nithin0dha) May 22, 2021
Second tranche
The issue price for the second tranche of the sovereign gold bond issue has been fixed at Rs 4,842 per gram.
The government has decided to issue the bonds in six tranches from May 2021 to September 2021.
The scheme was launched in November 2015 with an objective to reduce the demand for physical gold.