MUTUAL FUND

INVEST NOW

To further our cause of supporting our esteemed clienteles in their pursuit to build financial independence and wealth creation, SNGC Bank has entered into a tie-up agreement with VikasGenie Fintech Pvt. Ltd. The Platform so integrated provides Investor’s, easy access to Investment Planning, Transactions across 40 plus Indian AMCs and a set of predesigned Statements and Reports to track your investment performance. As an added features, the platform is equipped with in-depth Mutual Fund Research on various schemes on offer, Research and Query Tools and various Investor centric Goals and Financial Calculators.

The Mutual Fund distribution services are available across all our branches to all our existing as well as walk-in customers at the branch. The Bank has adequate number of AMFI certified staff members to provide efficient service to the customers.

Who can choose Mutual Funds

 You are saving regularly, but falling short to match your financial needs…

 You are saving regularly, but falling short to match your financial needs…

 You don’t mind to invest in stocks to gain high returns, but apprehensive of the stock market ups & downs and financial risk…

 Tax saving is your top priority, but you can’t keep your funds locked-in for long periods…

If any of these statements listed above stands true for you, Mutual Fund investment is the best solution to meet your challenge and provide you the best returns opportunity. As an investment offer complete control over your investment and offers freedom to invest as per your cash inflow and for time duration of your choice. Investments in mutual funds offer you to choose across asset classes such as equity, debt, gold or combinations there off.

We have made it easy for you as an SNGC Bank customer, to invest in top performing mutual funds across different category of funds such as tax saving funds, funds for long term wealth creation, balanced funds for new-to-MFs customers who are not willing to take risk by investing in pure equity funds, liquid & debt funds for short-term requirements.

SOVEREIGN GOLD BONDS

An Investment portfolio is always incomplete without Gold as one of the asset invested in, experts believe. "Always invest in gold", is what our elders have taught us and well over generations it’s proven to be true and is a part of our Indian culture.

But as compared to the olden days, modern society offer a wide variety in the way we could invest in this precious yellow metal. In fact, there are options available in the market today that gives you regular annual income over and above the long term capital appreciation and safety to your wealth which has been its core investment attributes. SNGC Bank brings to you Sovereign Gold Bond (SGB) as one more addition to your investment basket. It’s less risky, it’s convenient, and you don’t have to worry about storage, theft or any sales tax that you shell out on every purchase of physical gold. Plus you earn an annual return of 2.5% on your investments in gold.

The sovereign gold bond scheme is a Government of India initiative that allows you to purchase gold on paper. In simple terms, this scheme is a substitute for holding physical gold, says the Reserve Bank of India. So, you will be purchasing gold in kilograms but not holding on to the metal physically. Investors have to pay for the purchase in cash, and the bonds will be redeemed in cash upon maturity at the then prevailing gold price thus providing opportunity to gain from capital appreciation. The small ticket size of as low as 1gm gold and in multiples thereafter. Sovereign gold bonds have given an alternative to investors who want to invest in gold but don't want the hassle associated with the physical gold purchase, especially the millennial investors.

Advantages of Sovereign Gold Bonds [SGB] vis-à-vis buying actual/physical Gold.

No storage risks and costs: If you purchase gold jewellery, you end up worrying about its safekeeping. You may even have to pay annually for storage in a Bank locker. With this type of bond, the risk and cost associated to storage is completely eliminated.

Low risk: RBI [the central bank of the country] issues these bonds on behalf of the government that entail government support, making the bond safer than purchasing any other Private or Exchange launched Gold investment products.

Payment at market price: These bonds are issued and purchased back on maturity at prevailing market price and announced by the RBI on the due dates. This provides all the capital appreciation gains for the investor.

No making charges: When you buy gold jewellery, you pay making charges that you may not be able to redeem upon resale. But with SGB, you need not worry about the making charges or the purity of the gold.

Tax advantages: The government of India has exempted Capital gains Tax for purchase of gold if you invest in a sovereign gold bond. Interests earned, however, will be taxable. If you try to transfer (exit) the bond before maturity, you can use indexation to lower the capital gain tax burden Collateral: The paper gold bonds can double as collateral. You can use sovereign gold bonds as collateral to receive loans from banks like you take out a gold loan.