It is better to get lesser returns than to get struck with an instrument where your own capital might be at risk and in this category we are talking of Satyug gold plan launched by Shilpa Shetty in league with her husband Raj Kundra,Shilpa Shetty is cashing her celebrity status and is offering upto 37% off on gold price at longer durations say of 5 years. Have a look at adjacent screenshot. We are not doubting Shilpa Shetty integrity but you never know if the gold prices shoot up as market has a tendency to work against the perception of the majority and world wide it is being viewed that gold prices will fall.
Just remember that in any scheme the capital protection is a key requirement and this company is floated by these two entities and basking in the glory of Shilpa Shetty celebrity status. So better keep away and stick to Tata brand i.e. Tanishq or some other brand which can not run away with your capital. Even Tanishq also has a scheme where after 11 instalments the the twelfth instalment is paid by Tanishq and it is a risk free bet and moreover the trust factor comes with the Tanishq brand.
Still not convinced then jump into it at your own peril and still go for the shortest tenure and prior to that do a reality check with Tanishq.
The best bet for you to invest in a gold ETF as a systematic plan rather than in such type of schemes where your capital is at a risk
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