Articles on tokens

The usual case against PAXG for Indian retail—a punishing 31% VDA tax regime, operational friction, better domestic alternatives—holds for the typical stable Indian tax resident. But the sharper question, which the recent SEBI directive on gold fund-of-funds has reopened, is: for which specific investor profile does PAXG actually make sense? The honest answer is narrower than the surface conversation suggests and sharper than a blanket dismissal. For the Indian investor planning to emigrate within 2-3 years, the portability advantage of PAXG can overcome the tax penalty. For everyone else, gold ETFs, which SEBI’s directive leaves untouched, remain the right instrument.