New Delhi, Feb. 1 -- Ace investor and Chief Executive Officer (CEO) of Capitalmind Asset Management, Deepak Shenoy, said that the new taxation rules for the Sovereign Gold Bonds (SGBs) are negative for the new bond market investors who are looking to buy the asset class from the secondary market.

Union Finance Minister Nirmala Sitharaman, in Sunday's Budget 2026 speech, announced that the capital gains tax exemption on SGBs will only be available to investors who subscribed to the original issue from the Reserve Bank of India (RBI) and hold the same till maturity.

In a social media post on X, Shenoy explained how if investors buy SGBs from the secondary bond market then they will have to pay "full tax" on the capital gains earned throug...