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Sanjeev

Sanjeev Govila  |458 Answers  |Ask -

Financial Planner - Answered on Sep 20, 2023

Colonel Sanjeev Govila (retd) is the founder of Hum Fauji Initiatives, a financial planning company dedicated to the armed forces personnel and their families.
He has over 12 years of experience in financial planning and is a SEBI certified registered investment advisor; he is also accredited with AMFI and IRDA.... more
B Question by B on Aug 12, 2023Hindi
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@Anil Rego ji Namaskar - Intend to invest in gold bond, how should i proceed and which way is better to invest in gold bond ! i intend to invest in paper gold bond rather then purchasing gold physically. plz advise.

Ans: Gold can be a valuable addition to your portfolio. It has always been considered an asset that can hedge against inflation and other economic uncertainties. There are three popular ways to invest in gold.

Gold ETFs (Exchange-Traded Funds): Gold ETFs offer easy liquidity, as they are traded on stock exchanges just like stocks. They provide a direct exposure to the price of gold.
Taxation - Profits on the sale/redemption of Gold ETFs or units of gold saving funds bought after 31st March 2013 will be taxed as short capital gains irrespective of the holding period. So, this will be taxed as per an individual’s current tax slab.

Gold Mutual Funds: Gold mutual funds pool investments from multiple investors and provide professional fund management. They are an excellent choice for those who prefer a diversified approach.
Expense ratios and load fees can vary.
It is advisable to keep the investment in gold within 5% to 10% of one’s total investment portfolio.
Taxability is similar to that of Gold ETFs.

Sovereign Gold Bonds (SGBs): SGBs are issued by the Government of India and they provide an additional annual interest income. SGBs are suited for long-term investors who are looking for a safe haven asset and are willing to hold on to their investment for at least 5 years, preferably full 8 years to get the tax advantage of Zero capital gains tax on gains made.
The returns on SGBs are not guaranteed, and they depend on the prevailing market price of gold at the time of sale. There is a lock-in period of 5 years, so you cannot exit your investment before then.

SGBs may be the right choice. If liquidity and trading flexibility are important, consider Gold ETFs. Gold mutual funds are suitable for diversification, doing SIPs and professional management.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Ramalingam

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Mutual Funds, Financial Planning Expert - Answered on May 04, 2024

Asked by Anonymous - May 04, 2024Hindi
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Hi Sir, Please advise, I want to invest 2 lakhs in gold (and not physical gold). How do I go about it? (Process, any tax?, and do you suggest a better amount) This is for my child's future and not planning to liquidate atleast for 10 years. FYI, I already have some FD, 20k invested in various MF's, LIC and SSY. I might have to bear home loan now or sooner in time. I am 35 year old working in private firm.
Ans: As a Certified Financial Planner, I recommend investing in gold through gold exchange-traded funds (ETFs) or gold mutual funds.

To begin, you'll need a demat account to invest in gold ETFs, while for gold mutual funds, a regular mutual fund account suffices. Both options provide easy access to gold without the hassle of physical ownership.

Tax implications on gains from gold investments depend on the holding period. Long-term gains (held for over three years) are subject to capital gains tax, while short-term gains are taxed as per your income tax slab.

Considering your child's future and a 10-year investment horizon, allocating 2 lakhs to gold is prudent. This diversifies your portfolio, reducing risk while potentially enhancing returns over the long term.

Given your existing investments and the possibility of a home loan, it's crucial to strike a balance between various investment avenues. Assess your risk tolerance, liquidity needs, and financial goals before making any investment decisions.

By investing in gold through ETFs or mutual funds, you gain exposure to the precious metal's potential upside without the concerns of storage or security associated with physical gold. Regularly review your portfolio and consult with a Certified Financial Planner to ensure it remains aligned with your evolving financial objectives.

..Read more

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Ravi

Ravi Mittal  |545 Answers  |Ask -

Dating, Relationships Expert - Answered on Mar 10, 2025

Asked by Anonymous - Mar 08, 2025Hindi
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I have been in relationship with my boyfriend for the past 11 months..and its gonna be a year in this April.I love him so much that I am in a point that I can't let him leave me nor I can leave him.He gives me the support and love I always wished for.There is nothing more than him that I want in my life.But the issue is with my past. When he proposed me itself, I told the harsh truth about my past relationship,that I am not virgin like him and I got pregnant with my ex .And since he is virgin he can't accept the fact that I lost my virginity.In the beginning of the relationship he has told me if he is virgin, he wants his girl also to be virgin.If he was not a virgin then this won't be a problem for him. He can't understand nor he can't accept that I lost my virginity and got pregnant.There is a twist to this story also.In the beginning I told him that I have got pregnant in my past, but after that I told him I am not sure because my test results I saw was negative. I am not sure whether I got pregnant or not, my doctor is telling me its all my hallucinations.I have been dealing with anxiety since 7 years and I am having treatment.My padt is not affecting me now but it is affecting him making him overthink a lot and I can't see him suffer like this.Before I came to his life,he was telling his family that he don't want marriage and he will be single for life.I know that my past is not smthg that every boy can accept.But he told me that he can't accept my past ever in this life nor he can't stop overthinking about it.And because of this he wants to leave me even though he loves me.He literally told me that he can fight for me and be in a relationship with me but with the condition that I have to see him suffer.I told him to see my doctor who can better explain my past to him.But it's been months I have been telling him this and still now he didn't took an effort to see my doc.I can't even imagine spending a moment of my life with him.I found my home in him.But my concern is that is he loving me like I do.If he loves me that much he will stick on to that one reason to be with me and he is not doing.Other than the fact that he can't accept my past and it is making him suffer,everything between us is good.Should we consult a relationship expert.He told me that it is better to end this now rather than getting married in future and face problems because of this and fighting with each other and finally getting a divorce.He might be correct if this issue is not resolved now,it might create problems in the longrun.But the thing is I can't change my past and whatever happened to me was not my fault.My past has become a curse in my current relationship.I can assure that my past will not create any issue in our marriage if he can accept it somehow and not overthink about it.If we continue this relationship he have to live with the overthinking about my past for my happiness.Otherwise also if we both breakup I will suffer more because of it and he too will also suffer because he left me.He is telling that the problem is with him that he can't accept my past.What should I do to fix this problem and make him accept my past and understand my love for him?
Ans: Dear Anonymous,
I am really sorry that you are in such a tricky situation. It looks like you already know that your past is not your fault, so I don't have to remind you of that. I just want you to keep reminding yourself the same thing whenever you feel the doubts creeping in. Now, coming to your partner- though it is a little unfair that he is judging you by your past, it would also be unfair to him because he clearly mentioned that he wants someone like himself; someone without any intimate experience. I cannot explain to you why that is important to so many people, but since he has been upfront about his preference, I think it is only fair to let him decide what he wants with this relationship. Also, if he is convinced that this past thing will cause problems in the future, it really isn't the best decision to move on with the relationship like everything is okay. Accept that things are not alright, and give him the space to cool down. Do not try to convince him to get back together- I know it will be hard but it is extremely important for both your futures. If he comes back, then great. If he doesn't, you should know that it's for the best.
I know you think your life will be messed up without him, and you will forever be sad, but you are wrong. It won't. Great things will happen to you because you deserve them all.
Best Wishes.

...Read more

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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