EGRs (Electronic Gold Receipts) on Zerodha

Wed, 20 May 2026 00:00:00 +0000

Electronic Gold Receipts (EGRs) are gold-backed certificates representing 1 gram of 24-karat gold, tradable on NSE / BSE. Introduced by SEBI in 2022-23 to provide a transparent gold-trading mechanism.

Structure

Underlying: 1g of 99.5%+ purity gold held in approved vaults.
Issuance: Vault authorised entity issues EGRs.
Trading: On NSE / BSE.
Settlement: Cash; physical delivery available on demand.

Trading on Zerodha

For Zerodha clients:

EGR contracts tradable on NSE / BSE if listed.
Standard equity-like order types.
Settlement T+1.

Comparison with other gold investment

Aspect	EGR	GoldBeES ETF	SGB
Underlying	1g 99.5%+ gold	Gold (held in vaults)	RBI gold bond
Listed	NSE / BSE	NSE / BSE	NSE / BSE
Physical delivery	On demand	No (ETF unit)	At maturity (cash, not physical)
Coupon	None	None	2.5% per annum
Tax	Debt-fund equivalent (per Section 50AA)	Same	Special framework

EGRs are the closest to “owning gold” via a financial instrument; the underlying is actual gold in a vault.

Fund of Funds: gold

Tue, 19 May 2026 00:00:00 +0000

A gold Fund of Funds (FoF) is an Indian mutual fund scheme that invests in units of gold ETFs rather than holding physical gold directly. The FoF structure provides Indian retail investors with a convenient SIP-friendly route to systematic gold accumulation without the operational complexity of direct gold ETF investing (which requires a demat account and exchange-traded transactions).

For Indian retail investors who want gold as a portfolio diversifier or hedge against equity-market downturns, gold FoFs offer the simplest SIP-based accumulation route.

Gold on WebNotes

EGRs (Electronic Gold Receipts) on Zerodha

Structure

Trading on Zerodha

Comparison with other gold investment

Fund of Funds: gold