Buy gold for Re 1 without paying any commission; do SIP too! Here is your new option

Mutual funds: Augmont - India’s largest bullion player - has now joined Piggy, India’s trusted personal finance platform, as their official digi-gold partner. Piggy is a Y-Combinator backed fintech company that was the first to launch a commission-free platform for direct mutual funds in India and is now simplifying personal finance for millions of Indians. Alongside digi-gold, Piggy will soon allow users to access US stocks too. 

Augmont has sold over 2000 KG of Gold coins and jewelry in FY 2018-19 alone through its partner platforms. Augmont’s digi-gold product allows customers to buy gold for as low as Re 1 and lets them accumulate their bullion investments over a period of time. There’s also the game-changing option of SIP, bringing the best of traditional and modern together. Whenever the investor wishes to encash the investment, they have to simply choose a gold product from a variety of coins and get it safely delivered right to their doorstep. This is done at live market prices and comes with the Best Price Guarantee. Until then, Augmont secures the gold in robust third-party vaults that are monitored by IDBI Trusteeship Services. What’s more, buyers can also choose to gift or sell the gold back to Augmont using the app. 

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Speaking on the joint platform for online gold investment Sachin Kothari, Director, Augmont said, “Over the past few years, we have witnessed unprecedented growth in digi-gold, which is perfect for the demanding new-age Indian investor who wants convenience, choice, security, and growth all bundled together. Augmont’s digi-gold, that’s available on several digital platforms, makes digi-gold more accessible to India’s remotest places which have long been afflicted with issues of quality, the right price, payment options, storage and reselling.”

Ankush Singh, CEO, Piggy said, “Digi-gold is an important investment product for Indians looking to diversify their personal finance portfolio whilst retaining the comfort of having their gold is safely stored through and conveniently track its performance. Our mission of empowering Indians to reach financial freedom through access to financial products at the lowest prices is now bolstered by our partnership with Augmont.”