Post-indexation fallout: Alternative to gold & conservative hybrid funds

Let's first start with investors who are sold on gold as an asset class. Granted that gold is a popular asset class in India, but it just doesn't make you any money in the long run. The trailing returns of gold mutual funds bear testament to their ineffectiveness. And if that wasn't enough, the loss of indexation was the last straw that broke its back. However, if you remain adamant about investing in gold because they are considered safe during uncertain times, we suggest you look at Sovereign Gold Bonds (SGBs). They are cost-effective. The gains are tax-free if held until maturity. If sold before maturity, you'd still receive i