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How to Buy SGB on mStock

Guide to buying Sovereign Gold Bonds on mStock by Mirae Asset

mStock by Mirae Asset

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Mirae Asset MF investorsLong-term SGB holders

mStock is the discount broking arm of Mirae Asset, one of the world's largest asset managers. With zero delivery brokerage and a lifetime free AMC option, it's excellent for long-term SGB investors.

This guide explains how to buy Sovereign Gold Bonds on mStock platform.

mStock SGB Charges

Account OpeningFree
Annual Maintenance (AMC)₹219/quarter or ₹1,299 one-time for lifetime free
SGB BrokerageZero ✓
DP Charges₹12 + GST per ISIN

Pros

  • Zero brokerage on equity delivery
  • Backed by Mirae Asset (global fund house)
  • Lifetime free AMC option (₹1,299)
  • Good for long-term investors
  • Integrated with Mirae Asset MF

Cons

  • ₹219/quarter AMC if not opting lifetime
  • Relatively lesser known
  • Limited educational resources
  • App features still evolving

How to Buy SGB on mStock - Step by Step

1

Open mStock Account

Visit mstock.com and sign up. Account opening is free. Complete eKYC with PAN and Aadhaar.

2

Choose AMC Plan

Select quarterly AMC (₹219/quarter) or pay ₹1,299 once for lifetime free operating charges.

3

Add Funds

Transfer money via UPI, Net Banking, or NEFT to your mStock account.

4

Access Trading Platform

Login to mStock app or web platform. Navigate to the trading section.

5

Search SGB

Search for 'SGB' in the search bar. View all available SGB series with prices.

6

Execute Order

Select SGB, click Buy, enter quantity, choose order type, set price and confirm.

Pro Tips for mStock

  • ₹1,299 lifetime AMC is worth it for long-term SGB holders
  • Zero delivery brokerage applies to all SGB trades
  • Use Limit orders for better entry prices
  • Check SGB Analyzer for discount analysis
  • Mirae Asset backing adds credibility

Calculate Your SGB Returns

Use our calculator to estimate your potential returns based on investment amount and holding period.

Frequently Asked Questions

mStock charges zero brokerage on equity delivery including SGBs. DP charges are ₹12 + GST per ISIN. AMC is ₹219/quarter, or you can pay ₹1,299 once for lifetime free.
If you plan to hold SGBs for 5+ years (which is typical), ₹1,299 one-time is cheaper than quarterly AMC. You'll save money in the long run.
Yes, mStock offers zero delivery brokerage and is backed by Mirae Asset, a reputed global asset manager. Good choice for long-term SGB investors.
Yes, you can view and manage your Mirae Asset mutual fund investments alongside your stock and SGB holdings on mStock platform.

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