I’m a relatively new investor (started out this year), and am looking to diversify my portfolio with Gold.
Since the SGBs are going to be issued soon and most people seem to recommend them as a good long term way to invest in gold, I had a few questions:
If I need to sell the SGBs on the secondary market before 5 years of holding them, is there a detrimental difference in the price they are sold for as compared to Gold ETFs? Is there a liquidity problem?
If the SGBs are redeemed after 5 years but before maturity (8 years), what are the tax implications?
I am unable to place a sell order on T+2. Why is this the case? I am getting the message “Intraday is not allowed due to illiquidity…”, as if I don’t hold the securities!
I had bought the SGB day before yesterday. I can see it in Console Holdings, but not in Kite Holdings. @siva @shubh
Hi Kunal, As you bought SGB’s on 11th these have been credited to your Demat account today (T+2 day), you will be able to see them in your Kite holdings tomorrow, you should be able to sell the same then.
I have bought SGB from secondary market on zerodha 2 days back. It is not visible in my holdings but visible in my console. When will it be visible in my holdings and when will I be able to sell it through kite.
I am still not clear about this issue/question.
So if we buy from zerodha/kite - it is a secondary market and @AJ007 is suggesting that if you need to sell before maturity - I should sell the same through zerodha?
After 5 years there should be an option in zerodha to redeem it. Rbi notifies these exit window but process is not yet detailed in support portal. Selling directly in exchange is not an option as liquidity is an issue.