RBI allows retail investors to open ‘Retail Direct Gilt Account'
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RBI allows retail investors to open ‘Retail Direct Gilt Account’ (RDG Account) with the RBI.
-We can directly purchase the G-sec, State development loans, Sovereign gold bonds without requiring an intermediary Mutual fund. 🤩
-this will help deepening the G-Sec market with greater https://m.rbi.org.in//Scripts/BS_PressReleaseDisplay.aspx?prid=51883
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https://www.desidime.com/discussions/rbi-allows-retail-investors-to-open-retail-direct-gilt-account?page=1#post_7881930
same question.
is this process completely online? can one purchase infrastructure bonds also?
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https://www.desidime.com/discussions/rbi-allows-retail-investors-to-open-retail-direct-gilt-account?page=1#post_8083260
Mutualfunds waaleo ro rahein honge
https://www.desidime.com/discussions/rbi-allows-retail-investors-to-open-retail-direct-gilt-account?page=1#post_8083425
Does it require a demat account?
https://www.desidime.com/discussions/rbi-allows-retail-investors-to-open-retail-direct-gilt-account?page=1#post_8083431
No. You need to open account directly with RBI. The only people I see benefitting here are high tax paying corporates or individuals with a rather long term horizon.
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https://www.desidime.com/discussions/rbi-allows-retail-investors-to-open-retail-direct-gilt-account?page=1#post_8083880
Pros
- Secure , as its govt backed
- Fixed Interest rate like fd . No market risk
- No middleman commission like in Mf
Cons
- Low liquidity
- Low returns
Good initiative by GOI
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Link to open Retail Direct Gilt Account?