Manipal Fintech Blog

Category: Investments

  • 22K vs 24K Gold: Which is Best For Gold Investment?

    22K vs 24K Gold: Which is Best For Gold Investment?

    Gold has always been a trusted investment choice, providing security in uncertain times. Whether you’re a seasoned investor or just starting, investing in gold offers stability that few other assets can match. There are various ways to invest in gold, including Gold ETFs (Exchange-Traded Funds), Sovereign Gold Bonds (SGB), and physical gold like jewelry and coins. However, different gold carats have different values, so it is better to know and understand the differences between them carefully. In this blog, we will learn about gold purity and the difference between 22k vs 24k gold. 

    To help you decide between these options, explore our guide on SGB vs ETF to find out which is better for you. However, one crucial factor often overlooked is gold purity. The purity of gold not only influences its value but also its potential as an investment in gold.

    Understanding Gold Purity

    When discussing gold purity, the term “carat” is frequently mentioned. But what exactly does it mean? A carat is a unit that measures the purity of gold. Pure gold is 24k gold, meaning it contains no other metals. In contrast, 22k gold is 91.6% pure or 916 gold, with the remaining 8.4% composed of metals like copper or silver. The higher the carat is, the purer—and more valuable—the gold. 

    Important Factors To Compare Between 22k & 24K Gold

    Comparison of 22k vs 24k 22 Carat Gold 24 Carat Gold
    Purity 91.6% 100%
    Durability Less fragile Fragile
    Common Uses Jewelry Bullion, Coins
    Market Value High Highest
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    Key Features and Benefits of 22K Gold

    Uses and Applications

    • 22-carat gold is famous for making jewelry due to its durability and attractive yellow color.
    • Adding other metals makes it more resistant to wear and tear, making it suitable for everyday wear.

    Value and Future Potential

    • Although slightly less pure than 24-carat gold, 22-carat gold holds significant value, especially in markets where gold is primarily purchased for ornamental purposes.
    • The future potential remains strong, particularly in regions with a high cultural affinity for gold jewelry.

    Market Demand

    • 22-carat gold is in high demand, especially in countries like India, where it plays a vital role in cultural and religious ceremonies.
    • This consistent demand helps maintain its market value, making it a stable gold investment option.

    Key Features and Benefits of 24K Gold

    Uses and Applications

    • 24-carat gold, the purest form, is often used in bullion, coins, and high-value investments.
    • Its softness makes it less suitable for everyday jewelry but perfect for items meant for long-term investment in gold. To understand how the purity of gold has been defined over time, you can explore The Evolution of 24 Carat Gold Measurement System.

    Value and Benefits

    • The primary benefit of 24-carat gold lies in its purity. As the purest form of gold, it commands the highest market prices.
    • Investors often choose 24-carat gold for its intrinsic value and potential for appreciation over time.

    Market Demand

    • While 24-carat gold is less common in the jewelry market, it is highly sought after by investors and collectors.
    • The demand for pure gold remains strong, especially in economic uncertainty, where it is a safe-haven asset.

    Investment Considerations: 22k vs 24k Gold

    Gold is a great option for investors, when the rates go down they buy. However, it is crucial to know the right asset to buy. When deciding between 22-carat and 24-carat gold, there are several factors to consider:

    • Purity and Value: 24-carat gold is purer and, therefore, more valuable, but 22-carat gold is more durable and often preferred for jewelry.
    • Wear and Tear Resistance: 22-carat gold is more resistant to scratches and damage, making it better suited for items worn regularly.
    • Ease of Buying and Selling: Both types of gold are widely available, but 22-carat gold may be easier to sell in markets where gold jewelry is in high demand.

    Gold Investment Tips: Maximizing Your Returns

    When investing in gold, consider these gold investment tips to maximize your returns:

    • Diversify Your Portfolio: Don’t put all your money into one type of gold investment. Consider a mix of physical gold, Gold ETFs, and Sovereign Gold Bonds. For a comprehensive guide on how you can further diversify your portfolio, including using gold loans as a strategic tool, check out our blog Investment Tips: Build A Diversified Portfolio With Gold Loan.
    • Monitor Market Trends: Monitor gold prices and market trends to make informed decisions.
    • Assess Your Financial Goals: Align your gold investment with your long-term financial goals.
    • Consider Liquidity Needs: Choose the form of gold that suits your liquidity needs. Physical gold is easier to liquidate in emergencies.

    This section offers actionable advice to help you navigate the gold market effectively.

    Pros and Cons of Investing in 22-Carat and 24-Carat Gold

    1. 22 Carat Gold:
      • Pros: Durable, widely used in jewelry, strong market demand.
      • Cons: Slightly less pure, lower resale value than 24-carat gold.
    2. 24 Carat Gold:
      • Pros: Highest purity, maximum value, ideal for long-term gold investment.
      • Cons: Soft and prone to damage, less suitable for everyday wear.

    Unlocking the Power of Your Gold

    Gold loans offer a practical way to unlock the value of your gold without selling it. When you opt for a gold loan, you pledge your gold jewelry or coins as collateral to secure a loan. This allows you to easily access funds without requiring extensive credit checks or paperwork. For those weighing their options, check out our detailed guide on Gold Loan vs Selling Your Gold: Which Is The Better Option?

    Apply now to get an instant doorstep gold loan

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    Why Gold Loans are a Better Way to Get Funds

    • Lower Interest Rates: Gold loans typically have lower interest rates than personal loans.
    • Flexible Repayment Options: Borrowers can choose from various repayment plans, making it easier to manage the loan.
    • Quick Processing: Gold loans are processed faster than other types of loans.
    • Continued Ownership: Unlike selling your gold, a gold loan allows you to retain ownership, giving you the option to repay the loan and reclaim your gold.

    Why Choose Manipal Fintech for Your Gold Loan?

    Some key features of Manipal gold loans include:

    1. High Loan Value: Manipal Fintech offers a high loan-to-value (LTV) ratio, meaning you can get high gold loan rates and a substantial amount of money against the value of your gold.
    2. Flexible Repayment Options: Borrowers can choose from different gold loan plans, making it easier to manage the loan at their convenience.
    3. Low-Interest Rates: Manipal Fintech offers competitive interest rates for gold loans is a significant advantage, helping reduce the overall cost of borrowing.
    4. Quick Processing: The loan process is streamlined, ensuring funds are quickly disbursed once the gold is appraised.
    5. Doorstep Services: We offer hassle-free gold loan at home services, so you don’t have to walk around the market with your valuable gold assets.
    Apply now to get an instant doorstep gold loan

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    Conclusion

    Choosing between 22k or 24k gold depends on your needs and investment goals. Both offer unique advantages—from the durability of 22-carat gold to the purity of 24-carat gold. If you’re looking to unlock the value of your gold without selling it, a gold loan from Manipal Fintech is an excellent option. With Manipal Fintech, you can secure the funds you need quickly and efficiently while keeping your gold safe and sound.

    If you own gold assets and are considering a loan, choosing doorstep services can provide you with a seamless and efficient borrowing experience.

    Apply for a gold loan 24/7 on www.manipalfintech.com, or call at 18003098440

  • Understanding the 916 Gold Hallmark and What it Means for Gold Jewelry

    Understanding the 916 Gold Hallmark and What it Means for Gold Jewelry

    In the realm of gold, the 916 gold hallmark occupies a significant position representing much more than a mere stamp. It exhibits a specific purity level thereby shaping the quality and value of the gold item. For those who do not know, 916 hallmark gold is commonly known as 22-carat gold. India is a huge gold market be it coins, jewelry, or gold bars because of cultural and social values. 

    There were several cases of fake gold being smuggled into the market by unscrupulous elements. To prevent such activities and ensure customers’ faith in the system, the Indian government introduced a hallmarking system on all gold sold in or after the year 2000.  Read along to learn more about what 916 gold means and the different aspects associated with it. 

    What is 916 Gold?

    First, let’s have a detailed discussion on what 916 gold is and what its significance is. The digit 916 refers to 91.6 grams of pure gold per 100 grams of alloy. The remaining 8.4 grams are composed of other metals like brass or copper. This mixture gives a vibrant and lustrous appeal and is ideal for gold jewelry as pure gold or 24-carat gold is too fragile for intricate designs. The 916 hallmark establishes gold purity and customers have confidence that they are getting proper value for their money. 

    The hallmarking system is governed by BIS (Bureau of Indian Standards). It is the national standards organization of India deriving powers from the BIS Act of 2000 and it is responsible for certifying gold and silver articles across the country. After evaluating and testing the gold jewelry, BIS allows some marks to certify the authenticity of the gold. BIS hallmarking is a solid proof that metals are pure and the respective jewelry has been made as per national and international purity norms.

    Why & How 916 Gold is Made?

    The 916 gold hallmark system came into force in 2000 and from 15th January 2020, the government made it mandatory for all jewelers to sell only hallmarked gold. As already discussed, 916 gold means 91.6% pure gold. This system guarantees the quality and purity of gold and makes consumers confident about the authenticity of the gold they are purchasing. 

    Gold purity is measured in terms of carat. Pure gold is called 24-carat gold. However, this gold is too soft and fragile and is not suitable for making jewelry. Hence, manufacturers mix some brass, copper, or silver with pure gold and this gold alloy is hard, durable, and suitable for making jewelry. 

    Now, let’s take a look at why pure gold has so much value as compared to other metals: 

    • Gold is a symbol of status, power, and prestige. 
    • Gold is rare and is difficult to extract as compared to other metals. 
    • Gold has been used as a medium of exchange for many centuries. 
    • Apart from investment purposes, gold is also used in heavy industries like defense, aerospace, electronics, and automobile industries because of its non-corrosiveness and malleability. 
    • Gold is vibrant and visually appealing. 

    If you own gold assets and are considering a loan, choosing doorstep services can provide you with a seamless and efficient borrowing experience.

    Apply for a gold loan 24/7 on www.manipalfintech.com, or call at 18003098440

    Importance of Pure & 916 Gold

    The major advantages why you should always go for pure or 916 gold are given below: 

    • Purity Granted: 916 gold hallmarking offers a high level of purity with assurance of the Indian government’s certificate.
    • Durable: Another advantage of buying 916 gold is its durability and long-lasting nature. It can withstand daily wear and tear and will also not lose its shape or integrity. 
    • Perfect for Intricate Designs: The 916 gold retains the malleability and ductility of pure gold allowing for intricate and detailed jewellery designs.    
    • Legal Tender: 916 gold holds intrinsic value and is accepted globally as a form of currency, making it a reliable investment.
    • Valuable: 916 gold maintains a high market value due to its purity. It is recognized worldwide, ensuring that your investment remains valuable over time and can provide significant returns.
    • Internationally used: 916 gold is widely accepted and used across the globe. Whether you are in Asia, Europe, or the Americas, you can easily trade, sell, or purchase 916 gold, making it a versatile and convenient asset.

    Utilize Gold in Times of Need

    Gold is not only an investment instrument but can also be used to obtain liquid money by mortgaging it. You can utilize your gold value by getting an instant loan against gold jewelry. Another benefit of buying 916 hallmarked gold is that you get high per-gram rates for your gold loan.

    Apply now to get an instant doorstep gold loan

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    A gold loan is always superior to traditional loans because of the following reasons: 

    • No Credit Score: A gold loan does not require any credit score or income documents as the yellow metal itself serves as collateral. 
    • No End-Use Restrictions: You can use the proceeds of the gold loan as you like as there are no end-use restrictions unlike business loans, home loans, or car loans. 
    • Lower Interest: A loan against gold comes at a lower interest rate as it is a secured form of borrowing. 
    • Quick Approval: The approval process for gold loans is easy, quick, and convenient leading to immediate fund transfer.  

    Want to go for a gold loan to meet your immediate financial needs? Manipalfintech – India’s leading gold loan aggregator platform is the go-to solution for you. Here are some reasons why you should trust Manipal Fintech to get a gold loan: 

    • Multiple Banks: Manipal Fintech is associated with top banks for gold loans like ICICI, HDFC, and Axis Bank, etc. You can easily compare and get the best gold loan from a best bank.
    • Attractive Interest Rate: Manipal Fintech offers competitive and low interest rates on gold loans, which means your overall loan repayment amount will be quite low and affordable. 
    • Diverse Repayment Scenarios: Manipal Fintech has different gold loan plans according to your need, like SahiMax, SahiDelight, and SahiFexi and you can choose any one of them at your convenience. 
    • Doorstep Service: Taking advantage of its digital prowess, Manipal Fintech has started a doorstep gold loan service where executives will visit your home to complete the formalities and transfer the loan amount. Additionally, you can also visit the nearby Manipal Fintech branch for a gold loan. 
    • Minimal Documentation: Farewell to extensive paperwork, Manipal Fintech requires minimal documentation and zero paperwork. 

    Conclusion 

    916 Gold Hallmark has been a revolutionary step in cleansing fake gold from the market and building trust among customers regarding the authenticity of their purchases. It is important that whenever you are looking to buy any gold jewelry, always check for the 916 BIS hallmark, and in case of any wrongdoings, report the matter to BIS. 

    The 916 gold jewelry can also be used to solve your financial crisis by pledging it and borrowing a loan. Manipal Gold Loan with its range of benefits and hassle-free user interface is the prime contender for fulfilling your gold loan requirements.

    Looking for an instant loan? Avail a gold loan with Manipal Gold Loan and get Instant approval with low interest rates.

    Apply for a gold loan 24/7 on www.manipalfintech.com, or call at 18003098440

  • Gold Investment: SGB VS ETF: Which is Better for You?

    Gold Investment: SGB VS ETF: Which is Better for You?

    Investment is the most effective way of putting your money to work and accumulating wealth. Despite the emergence of new trends and innovations in investments, gold investment still holds an irreplaceable position. The value generated from investing can be utilized to fulfill your financial objectives. Smart investing will increase the real value of your money (increase at a higher rate than current inflation). 

    Investing in gold is one of the easiest and most efficient methods of investment. It acts as a solid hedge against inflation and is highly liquid i.e., can be easily redeemed and you can instantly receive cash. Moreover, unlike stock markets and bonds, investing in gold does not require any specialized knowledge. Gold investment allows portfolio diversification and acts as a balancer against market volatility. 

    There are two ways of investing in gold – SGB (Sovereign Gold Bond) and Gold ETF (Exchange Traded Funds ). One can purchase SGBs from secondary markets where RBI issues them in periodic tranches. On the other hand, Gold ETFs are passive investment instruments that track the domestic price of gold.

    Every individual has different investment objectives and visions e.g. some are looking for long-term investment whereas some are interested in a medium-short term. Both ETFs and SGBs serve different objectives, so investors should compare their objectives with these instruments before making any decision. This blog aims to share tips to find the best investment option between SGBs & ETFs. We will further compare both, their pros and cons.

    What Are Sovereign Gold Bonds?

    SGBs (Sovereign Gold Bonds) are government securities dominated by the RBI (Reserve Bank of India) which issues these bonds on the central government’s behalf. SGBs have a specific maturity time, before that one can’t sell his/her acquired bonds. You can buy SGBs for investment purposes, it’s a perfect alternative to physical gold. In physical gold, we have storage and security issues, and paying making charges, while SGBs are free for these headaches. 

    Additionally, The holder does not get any interest on physical gold but in the case of SGBs, the holder will receive regular interest payments. 

    Some benefits of investing money in SGB are as follows: 

    • Low Risk: These bonds are issued by the RBI on behalf of the government in line with Government Security Act 2006. These bonds come with sovereign backing and have zero chances of default making your investment completely secure. As these bonds are aligned with the domestic price of gold, the only risk is fluctuation in market prices. 
    • Convenience: As compared to physical gold, SGBs are quite convenient and safe. Holders of these bonds are provided with an investment certificate which serves as proof of their investment. Unlike physical gold in which investors have to fret about storage and safety issues, there is no such case in SGBs. 
    • Hedge Against Inflation: As gold prices outpace the inflation rate, SGB can serve as a shock absorber against inflationary pressures allowing a real increase in the value of the investment portfolio.

    The RBI has set a window within which it issues these bonds and this opens for 5-7 days every 3 months. This is a good investment option for those who are low-risk investors and prefer to invest in gold. 

    What Are Gold ETFs?

    As already discussed above, gold-based ETFs are passive investment options offering individuals an alternative to investing in physical gold. This index tracks the domestic price of gold and can be traded on stock exchanges i.e., NSE and BSE. Gold ETFs combine dual benefits – flexibility of stock markets and simplicity of gold investments. 

    Purchasing Gold ETFs means investors are buying electronic gold and when an investor opts to sell these ETFs, they will not receive bullion but cash equivalent according to the prevailing price of gold. Here are some reasons why Gold ETFs are beneficial: 

    • Flexibility 

    One of the major advantages of investing in Gold ETFs is its flexibility. One can purchase these ETFs in Demat form and trade them on stock exchanges within market hours. As ETFs are stored in Demat accounts, it gives investors flexibility of entry and exit. 

    • Small Denomination 

    Usually, gold investments are not meant for small investors because of huge investment outlay. However, ETFs do away with this problem as there is no minimum investment criteria. You can invest even Rs. 100 and equivalent ETFs as per prevailing gold prices will be transferred to your account. 

    • Tax Efficiency 

    Returns earned from Gold ETFs are subject to only LTCG or long-term capital gains tax. There is no other tax burden like wealth tax, DDT, etc. If an investor is in the higher tax bracket, gold ETFs can be beneficial as these investments will be more tax-efficient than investments in stocks. 

    Comparing SGBs and ETFs 

    Now that you are well versed in the meaning of both investment options, let’s make a small comparison of of these two investment options as it will help you in making wise investment decisions: 

    • Liquidity 

    SGB: In terms of liquidity, SGBs stand lower than ETFs. SGB has a fixed tenure of 8 years with an exit option only at the end of the 5th year. 

    ETFs: These are more liquid as ETFs can be sold and bought on stock exchanges within the market hours. You have direct control over entry and exit in the case of ETFs. 

    • Costs 

    SGB: These bonds do not come with any kind of management fees or brokerage charges. These bonds may be issued at a discount or premium depending upon the prevailing market conditions. 

    ETFs: As these are managed by AMCs, you have to pay both the management costs and brokerage charges.. All these create additional financial burdens burden on investors. 

    • Return

    SGB: As these are bonds, apart from the capital appreciation in the value of gold, investors are also eligible to receive fixed interest payments payable half-yearly. 

    Gold ETFs: There is no provision for fixed interest returns in ETFs. The only return that investors will receive is from appreciation in the price of gold. 

    • Ease of Investment 

    SGB: SGBs have a complicated and rigorous subscription method. Investors need to fill out an application form and submit the same to banks or designated post offices. The redemption process is also through the same channel or by selling them on stock exchanges. 

    Gold ETFs: These act just like any other stock investment and can be bought and sold electronically via a Demat account without the need to visit banks or post offices. 

    ETFs vs SGBs Which Option is Better for You 

    Both SGB and Gold ETFs have their strengths and limitations. Now it is up to your investment objective, vision, and risk appetite which will help you in making a wise choice. If you are looking for a long-term investment and want fixed interest income then SGBs can be a preferred option. However, if you put greater emphasis on liquidity, costs, and a shorter investment timeline, gold ETFs may help in fulfilling your investment objectives. 

    Basis SGB ETF
    Returns SGBs are linked to the price of gold but there is a fixed interest component that you receive annually. ETFs are also linked to the price of gold. However, unlike SGBs there is no interest component in gold ETFs.
    Flexibility The tenure of SGBs is 8 years but there is a lock-in period of 5 years meaning you cannot redeem it before the end of 5 years. ETFs are far more flexible compared to SGBs. There is no lock-in period and one can enter and exit as per their requirements.
    Taxation If SGBs are held till maturity, all capital gains will be tax-free. However, interest is fully taxable In the case of ETFs, there is no exemption from capital gains tax. You need to pay short-term or long-term capital gains tax based on the duration of holding.
    Cost There are no recurring costs in SGBs. In the case of ETFs, you need to pay annual charges like brokerage fees, commission, expense ratio, etc. Can You Utilize SGB For Emergencies?

    Sovereign gold bonds suffer from a lack of liquidity as they come in with a lock-in period of 5 years. They can be redeemed or traded on stock exchanges but only after the completion of 5 years from the date of issue. Therefore, SGBs may not help you out during financial emergencies. On the other hand, ETFs can be sold at any time during stock market time. This normally takes 2-3 days to reflect and withdraw the amount in your bank account. Additionally, ETFs can not be sold on weekends, or on the holidays when the exchange market is closed.   

    On the other hand, gold loans emerge as a viable alternative to tide over your immediate financial crisis. It offers a way of using physical gold to obtain liquid cash by mortgaging it with the lender. Gold loans can be availed in any emergency or to fulfill any financial need. Most gold loan providers offer quick and hassle-free loans within 30* minutes, even you can apply and get a gold loan at your doorstep.

    Apply now to get an instant doorstep gold loan

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    Tired of searching for a reliable and secure gold aggregator? Your search ends with Manipal Fintech. We are India’s leading gold loan aggregator that will rescue you from all financial troubles by offering gold loans at competitive interest rates and faster processing time. Here are several reasons why you should choose Manipal Fintech for gold loans: 

    • Low-Interest Rates: Manipal Gold Loan offers gold loans at a lower interest rate, which makes it a more cost-effective option than other traditional loans.
    • Flexible Repayment Options: We offer flexible repayment options for our borrowers so that they do not have to face any unnecessary financial burden.
    • Multiple banks: You can avail of gold loans from several leading multinational banks like HDFC, ICICI, Axis Bank, etc to meet your financial requirements. 
    • No Credit Score: There is no need for any credit score to avail of loans from Manipal Fintech as gold serves as the required collateral. 
    • Zero Paper Work Manipal Fintech simplifies the gold loan process with zero paperwork. Simply provide PAN, address proof, and bank details.

    You can also avail a gold loan at home with Manipal Fintech from the comfort of your home. After raising a request our executive will visit your house to complete formalities and disburse the loan. Additionally, you can also visit the nearest Manipal Fintech branch with prior for speedy loan disbursal. 

    Conclusion 

    ETFs and SGBs are great investment avenues but they may not be of great help in financial emergencies. Gold loans are the answer to your problem in such situations. Manipal Gold Loan with its hassle-free and streamlined offerings is the ideal choice for gold borrowings. Our dedicated and hands-on assistance is aimed at making your loan journey convenient, easy, and 100% secure.

    If you own gold assets and are considering a loan, choosing doorstep services can provide you with a seamless and efficient borrowing experience.

    Apply for a gold loan 24/7 on www.manipalfintech.com, or call at 18003098440

  • Investment Tips: Build A Diversified Portfolio With Gold Loan

    Investment Tips: Build A Diversified Portfolio With Gold Loan

    Building a diversified portfolio is becoming extremely crucial for long-term financial stability, especially in the current economy. Most investment options come with their inherited risks, so putting a chunk of hard-earned money at stake can be dangerous, and one must always consider it carefully. 

    As a way to keep your investment portfolio profitable and still keep your fluid funds safe, financing your gold is an amazing alternative. 

    Importance of Diversified Investment Portfolio

    It’s crucial to understand the significance of a diversified investment portfolio. Diversification involves spreading your investments across different asset classes, industries, and geographic regions to reduce risk and enhance potential returns. Some key pointers highlighting the importance of a diversified investment portfolio:

    1. Protects you from investing risk: Diversification helps mitigate the impact of market volatility on your overall portfolio by spreading risk across various assets.
    2. Helps you Tap Different Sectors: Investing in diverse sectors allows you to benefit from the growth potential of various industries, reducing reliance on the performance of a single sector.
    3. Gives You Higher and Consistent Overall Returns: A well-diversified portfolio tends to generate more stable and consistent returns over time compared to concentrated investments in a few assets.
    4. Provides Liquidity: Having a mix of liquid assets in your portfolio ensures that you have the flexibility to access funds when needed without disrupting your long-term investment strategy.

    Types of Investments to Diversify your portfolio

    Diversifying your investment portfolio involves spreading your money across different types of assets. Here are some simple explanations of the types of investments you can consider:

    1. Mutual funds & Debts: Mutual funds pool money from many investors to invest in a diversified portfolio of stocks, bonds, or other assets. Debts include investments like corporate bonds or government bonds that pay fixed interest over time.
    2. Liquid funds: Liquid funds are mutual funds that invest in short-term money market instruments like treasury bills, commercial paper, and certificates of deposit. They offer high liquidity, meaning you can easily convert them into cash.
    3. Govt Securities/Bonds/SGB: Government securities, bonds, and Sovereign Gold Bonds (SGB) are debt instruments issued by governments or government-backed entities. They offer fixed-interest payments and are considered relatively safer investments.
    4. Stocks: Stocks represent ownership in a company. Investing in stocks gives you a share of the company’s profits and losses. Stocks can offer high returns but also come with higher risk.
    5. Insurance: Life Insurance products provide financial protection against unexpected events. They can be a part of your diversified portfolio to manage risk too. You can also explore investment & Tax exempted term insurance.
    6. FD/RD: Fixed deposits (FD) and recurring deposits (RD) are risk-free investments offered by banks. They provide a fixed interest rate for a specific period, making them a stable option for conservative investors.
    7. Property: Buying property for investment purposes can be a great way to build wealth over time, as property values tend to appreciate over the long term. It is good to conduct thorough research and thoughtfully evaluate your choices before making any investment decisions.

    How Gold Loan Is Helpful for Diversified Investment Portfolio

    With a gold loan, you can use your gold assets to arrange instant capital for your different investment purposes, allowing you to seize profitable opportunities. This type of loan is advantageous because it not only provides quick access to funds but also eliminates the risk associated with keeping valuable gold assets at home. By using a gold loan, you can unlock the potential of your gold holdings without exposing yourself to the security risks and fluctuations in gold prices that come with physical possession. This makes gold loans a strategic and efficient way to capitalize on investment prospects while safeguarding your valuable assets

    Why Gold Loan Instead of Other Loans?

    Unlike traditional loans that may require extensive documentation and credit checks, a gold loan provides quick and hassle-free access to funds based on the value of your gold assets. Additionally, gold loans often come with lower interest rates compared to personal loans or credit cards, making them a cost-effective borrowing option. Moreover, since gold serves as collateral for the loan, borrowers with lower credit scores or limited financial history can still qualify for a gold loan. Overall, the simplicity, affordability, and accessibility of gold loans make them a compelling choice for individuals seeking immediate financial support.

    Let’s understand its benefits! 

    • Quick loan approval & swift sum disbursement
      While other types of loans require a lengthy process and a long waiting period, Manipal Fintech gold loans are known for their quick approval!
    • Easy documentation process
      For a loan that is known for its quick approvals, Manipal Fintech has also simplified its documentation process. Now, to apply for a loan against gold at Manipal Fintech, the borrowers only have to present minimal documentation. 
    • Attractive interest rate
      Manipal Fintech Gold Loans offer one of the most       competitive interest rates than the ones offered by personal loans in the country. Additionally, they also stand out when compared to other gold lending channels, making Manipal Fintech a cost-effective solution.
    • Flexible repayment options
      At Manipal Fintech, borrowers have the liberty to choose from       flexible repayment options to repay the gold loans. 
    • Assured gold safety
      To ensure that your gold jewelry is safe, we at Manipal Fintech keep your       gold in safe deposits until the loan tenure.
    • Gold loan transfer
      If you already have an ongoing gold loan, you have the option to seamlessly       transfer your gold loan to Manipal Fintech! By doing so, you have the option of choosing from flexible repayment options and availing yourself to the added benefits of attractive interest rates.

    Are you eligible to get a loan against gold?

    1. You have to be an Indian Citizen
    2. You have to be between 18 and 70 years of age
    3. Pledge gold jewelry of 18 carats and above 

    Now, how can you avail Manipal Fintech Gold Loan?

    If you are eligible to apply for a gold loan, here is how you can apply for the loan

    • Alternatively, visit Manipal Fintech Gold Loans
    • Call the toll-free number 18003098440 

    Conclusion 

    Now that you know that you can diversify your portfolio by taking a gold loan. Be assured that we’ll be making your borrowing journey easy with our hands-on assistance. Manipal Fintech the leading gold loan provider, not only offers you a range of benefits but also gives you dedicated assistance. This not only helps a borrower’s loan journey be easy, but it also enhances the experience through a personalized approach.

    Give a boost to your financial investments and make them profitable by taking a loan against gold from Manipal Fintech . Visit www.manipal fintech.com, or call at 18003098440 to know more