From SGB to Gold ETF: 4 investment ideas for women to achieve long-term gains

International Women's Day 2023: Here is a list of ideas for women to achieve long-term investment.

International Women's Day 2023: Sovereign Gold Bonds are issued by the RBI on behalf of the government. (Representative image from Pixabay)

International Women's Day 2023: International Women's Day is observed on March 8 every year. It is a day to celebrate womanhood, hard work, honour and achievements of women. Multiple studies have found that women are the best investors. Here, we will tell you investment ideas that you can gift to yourself to your mother, sister and friends.

Sovereign Gold Bonds:

Sovereign Gold Bonds are issued by the RBI on behalf of the government. Gold bonds are also a substitute to physical gold. SGBs bonds are denoted by 999 purities. The bonds are sold through banks (except small finance banks and payment banks), Stock Holding Corporation of India Limited (SHCIL), designated post offices, and recognised stock exchanges viz National Stock Exchange of India Limited and BSE.

The bonds are denominated in multiples of gram(s) of gold with a basic unit of 1 gram. The tenor of the bond is for a period of 8 years with exit option after 5th year to be exercised on the next interest payment dates. The government also offers 2.50 per cent return yearly till the maturity.

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National Pension Scheme (NPS):

The National Pension Scheme (NPS) is a government-back investment cum pension scheme. With NPS, one can voluntary contributions to retirement savings. One can open two types of accounts under NPS: Tier 1 Account and Tier 2 Account. This scheme will provide adequate retirement income to every citizen of India.

Mutual Funds:

Mutual funds offer the benefit of professional fund management, flexibility to invest as SIP, lump sum, diversification, power of compounding, and the best part. One can start investing with just Rs 100. You can invest in mutual funds with a long-term perspective.

Gold Exchange-Traded Funds (ETFs):

Gold Exchanges Traded Funds (ETFs) is just like buying gold without any physical form or certificate. This required investors to have a Demat account and hold gold units in a dematerialized form. ETFs can be bought and sold continuously at market prices. You can exit a gold ETF when you want—there is no lock-in period.

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