Following a customs duty reduction and a fall in gold prices, investors were drawn to gold ETFs and funds. The budget announcement made long-term gold investments more tax-efficient, and with no new sovereign gold bond issues expected, experts recommended a 10% portfolio allocation. Gold remains a hedge against inflation and provides diversification.
Sovereign green bonds now eligible under FAR
This inclusion of green bonds in the FAR category is expected to increase investor appetite for the paper, experts said. The RBI has issued a