India
NRI
Dhanteras, the first day of Diwali has always been considered an auspicious day to commence one's wealth creation journey. Generations after generations have practised purchasing physical gold to mark the occasion. Today, with a rise in investment avenues, one can invest in Gold Exchange Traded Funds (ETFs) and Sovereign Gold Bonds to add some glitter to one's investment portfolio, leaping towards the goal of wealth creation.
| Extended Market Timings (October 25, 2019) | From | To |
|---|---|---|
Extended live trading session for trading on Dhanteras (only for Gold ETFs/SGBs) |
5:00 pm | 7:00 pm |
What are Gold ETFs & Sovereign gold bonds?
Gold Exchange Traded Funds (ETFs) are funds that allow investors to invest in gold on the exchange. ETFs can eliminate various issues which arise while buying gold such as purity and the ability to store physical gold.
Sovereign Gold Bonds (SGBs) are government securities denominated in grams of gold. These are substitutes for holding physical gold. Investors have to pay the issue price and the bonds will be redeemed on maturity. The bond is issued by Reserve Bank of India on behalf of the Government of India.
WHY GOLD ETFS & SOVEREIGN GOLD BONDS?
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Liquidity
Enter and exit anytime at the prevailing gold buying rate
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Lower risk
Fluctuations in gold prices are generally low. Being dematerialized in form, they are safer investments
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Tax benefits*
SGBs - Long term capital gain applicable after 3 years. No capital gain tax if held till maturity
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Transparency
The price of Gold ETFs on the stock exchange are available publicly
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Easy to trade
Minimum unit to be purchased is 1 unit, which is equivalent to 1 gram of gold
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Cost-effective
No entry or exit load, low brokerage cost
Schemes:
ADITYA BIRLA SUNLIFE GOLD ETF AXIS GOLD ETF CANARA ROBECO GOLD ETF HDFC GOLD ETF ICICI PRUDENTIAL GOLD ETF IDBI GOLD ETF KOTAK GOLD ETF RELIANCE ETF GOLD BEES SBI GOLD ETF UTI GOLD ETF
SOVEREIGN GOLD BOND AUG24 SOVEREIGN GOLD BOND AUG27 SOVEREIGN GOLD BOND DEC25 SOVEREIGN GOLD BOND DEC2512 SOVEREIGN GOLD BOND DEC2513 SOVEREIGN GOLD BOND DEC25XI SOVEREIGN GOLD BOND DEC26 SOVEREIGN GOLD BOND FEB24 SOVEREIGN GOLD BOND FEB27 SOVEREIGN GOLD BOND JAN26 SOVEREIGN GOLD BOND JAN27 GOLD BOND JUL25 SOVEREIGN GOLD BOND JUL27 SOVEREIGN GOLD BOND JUN27 SOVEREIGN GOLD BOND MAR24 SOVEREIGN GOLD BOND MAR25 SOVEREIGN GOLD BOND MAY25 SOVEREIGN GOLD BOND MAY26 SOVEREIGN GOLD BOND NOV23 SOVEREIGN GOLD BOND NOV24 SOVEREIGN GOLD BOND NOV25 SOVEREIGN GOLD BOND NOV258 SOVEREIGN GOLD BOND NOV25IX SOVEREIGN GOLD BOND NOV25VI SOVEREIGN GOLD BOND NOV26 SOVEREIGN GOLD BOND OCT25 SOVEREIGN GOLD BOND OCT25IV SOVEREIGN GOLD BOND OCT25V SOVEREIGN GOLD BOND OCT26 SOVEREIGN GOLD BOND SEP24 SOVEREIGN GOLD BOND SEP27
Please note:
1. All Gold ETFs and SGBs securities will be available for CNC Buy / Sell to all customers
2. Equity Intraday, Cover & Encash products for Gold ETFs and SGBs securities will not be allowed during extended trading session
3. E-Margin (T-90th day) open positions in Gold ETFs and SGBs securities (if any) will be squared off during normal trading session only and will not be carried forward to extended trading session
*Gold ETFs - Long term capital gain applicable after 3 years