Whalesbook
SGBs ne dikhaya Toofani Return!
Asal baat ye hai ki SGBs ne kamaal hi kar diya hai. RBI ne premature redemption price set kiya hai Rs 15,904 per gram. Matlab agar aapne Rs 4,540 mein subscribe kiya tha, toh aapka lagaya hua paisa lagbhag 250.3% badh gaya hai! Yeh sab gold ki zabardast performance ki wajah se ho raha hai, jo aajkal Rs 15,600 se Rs 15,950 ke aas-paas trade kar raha hai. Yeh price average calculation par based hai, toh market rate se kaafi match karta hai.
Gold ki rally: Safe Haven ka Jaadu
Gold toh hamesha se hi safe bet raha hai, especially jab economy mein gadbad ho ya inflation badh raha ho. Pichle 5 saal se gold ne achha return dikhaya hai. Yahi dekh lo, Gold ETFs mein agar koi ₹10,000 monthly SIP kar raha tha, toh 5 saal mein uska lagbhag ₹10 lakh ban gaya hai, matlab annual returns 20% se bhi zyada. Aur haan, SGBs par 2.5% ka fixed interest bhi milta hai, par yeh income tax mein taxable hoti hai.
Tax Law ka Naya Chakkar
Lekin, sabse bada game changer aaya hai Budget 2026 ke baad wale tax reforms se. Pehle kya tha ki agar aap SGBs ko 8 saal tak hold karte the, toh capital gains par koi tax nahi lagta tha. Ab yeh tax exemption sirf un original subscribers ke liye hai jo maturity tak hold karte hain. Agar aapne secondary market se khareeda hai ya beech mein hi paisa nikal liya (premature redemption), toh ab aapko capital gains tax dena padega. Agar aapne bond 12 mahine se zyada rakha hai (LTCG), toh 12.5% tax lagega. Agar kam time rakha hai (STCG), toh aapke income tax slab ke hisaab se lagega. Is tax ki wajah se SGBs ka 'tax-free return' wala fayda ab kam ho gaya hai.
Aage kya? Gold ki demand toh high hai!
Aage dekhoge toh gold abhi bhi ek solid investment option rahega. Geopolitical tensions aur inflation ki wajah se log safe haven ki taraf ja rahe hain. India mein March 2026 quarter mein toh gold ki investment demand, jewellery demand se bhi zyada thi. Haan, tax changes se jinhe jaldi paisa chahiye unke liye SGBs thoda kam attractive ho gaye hain, par overall portfolio diversification aur wealth preservation ke liye gold kaafi important hai. RBI bhi SGB scheme ko manage kar raha hai aur redemption payouts badh rahe hain, toh future mein policy mein changes aa sakte hain.