Hi All,
I have invested close to 5Lakhs in SGBs , main purpose to use as collateral .
Now GOI stopped this scheme and I am wondering what to do ?
couldn’t find better alternatives than SGB !!
Note : Give suggestions through option sellers perspective pls !
It is still acceptable as collateral.
I guess you are asking what to buy with fresh capital.
If you insist on gold only, then GOLDCASE or GOLDBEES can be considered.
yes , but I am looking for alternatives
not fixed on gold ,
any alternative which can be acceptable as collateral + can give good returns
Liquid Bees. You can pledge it with 6% haircut. It is cash equivalent and hence can be used for writing options
@Priya_Hala Thanks for suggestion.
liquid bees gives us very less return 2-4% , also returns they give in decimal holdings as far as I know . till it becomes 1unit you can’t sell I guess .
Yes, returns are only around 4%. But you can use the pledged collateral as cash equivalent. Partial units cannot be sold. Only multiples of 1. Highly liquid and risk free. Tax benefits too…
Check for GILT funds