SEBI Digital Gold
In the last few years, you might have been observed that Digital Gold or E-Gold is very popular – buying gold on Phonepe, Google Pay, Paytm seems easy, right? But SEBI has said- these products are not regulated!
Shocking right?
Not a security, not a commodity – meaning even if your gold vanishes, you will not have legal protection! Platforms like SafeGold, CaratLane, Tanishq, MMTC-PAMO- these companies are not SEBI registered! So even if the app crashed, even if the company closes, your gold is gone!
What are the alternative safe options?
1. Gold ETFs
2. Gold Mutual Funds
All these are regulated by SEBI, safe & legal! You need to protect your hard-earned money, which means you need to understand finance correctly!
