@nithin
I have Gold bonds subscribed through Zerodha.
I have not received any interest (2.75%) so far for 2 years now. Rather I am not able to locate the any deposit correspnding to the interest. Is it given once in a year or quarterly or half-yearly? If I have 1lac invested, how much should I be seeing as a deposit (and from which source). Need your help and attention in getting the this information.
@all
Has any one who had subscribed through Zerodha getting interest into S/B ac? If yes, can you please share the transfer details (such as from whom…etc).
I believe the interested is credited semi annually as per RBI website.
Now considering Gold as investment.
Average annualized returns for gold is about 9-10%.
Average annualized volatility for gold is about 18%.
Now apart from the 9-10% , the govt gives 2.5% additional interest, so total returns would be about 11-12% p.a. But out of this 7-8% is risk free, so you are getting only 3-4% returns for the risk(18%) you are taking annually.
So you are taking a lot more risk(18%) to generate less returns(3-4%) p.a. Not worth it IMO. you are better off getting 7-8% in FDs/govt bonds risk free.
I don’t understand why anyone would invest in these gold bonds. If i m missing something here,someone please correct me.
if you do seek risk, then look for midcaps/small caps.
Hi,
I bought the same Gold bond SGBAUG24-GB from secondary market through Zerodha. And as per information I could get on internet the interest should be received semi-annually. I was hoping as this tranche was issued on 5-Aug, I will get my interest near that date. But I have not received any interest yet.
Can anybody help with dates when these interests are deposited?
Hi Ankit,
Yes, I found it in my August month statement of saving bank account linked to Zerodha.
The transaction had “Central Deposito” mentioned in details.