Pyllar vs Augmont — mutual fund units, or digital gold?
Augmont sells digital gold, physical coins and gold loans — a category SEBI publicly flagged in November 2025 as sitting outside its regulatory framework. Pyllar sells SEBI-regulated gold & silver mutual fund units. Here's the real difference.
Try Pyllar — ₹54/dayA broad gold business, vs one focused savings habit
Augmont is a full gold business
Digital gold, BIS-hallmarked coins, jewellery on EMI, instant resale, and gold loans — a one-stop shop for anything gold-related. Its digital gold product is real and insured, but sits in the same unregulated category SEBI flagged in November 2025.
Pyllar is one focused product
A daily SIP into SEBI-regulated gold and silver mutual funds, held in your own folio — not a marketplace of gold products, a single disciplined savings habit from ₹54/day.
Why this distinction matters
It's not a comment on Augmont's operational trustworthiness — it's a regulatory category difference. If you want your gold savings held as a regulated financial instrument rather than a digital gold receipt, that's worth knowing upfront.
Side by side
Figures below reflect Augmont's publicly stated features as of this writing — always verify current terms on their own site.
| Feature | Pyllar | Augmont |
|---|---|---|
| What you're buying | SEBI-regulated gold/silver mutual fund units | Digital gold, coins, jewellery, gold loans |
| Regulatory status (per SEBI, Nov 2025) | ✓ Regulated security (mutual fund) | Not a notified security |
| GST on purchase | 0% | 3% (same as physical gold) |
| Daily SIP minimum | ₹54/day | ₹10/day (publicly stated) |
| Product focus | One product — daily gold & silver savings | Multi-product: gold, coins, jewellery EMI, loans |
| Redemption | Standard MF redemption to your bank account | Cash, coins, or jewellery per platform rate (making charges apply for physical) |
| AMFI registered distributor | ✓ ARN 341847 | N/A — not a mutual fund product |
This comparison is for informational purposes and reflects publicly available information as of this writing. It is not a judgement on Augmont's operational safety or trustworthiness — only on the regulatory category each product falls under. Always verify current terms on each provider's own site.
Common questions
Augmont is a broader gold business — digital gold, physical coins and jewellery, and gold loans. Pyllar is focused on one thing: a daily SIP into SEBI-regulated gold and silver mutual funds, held in your own folio. In November 2025, SEBI publicly stated that digital gold products are not notified as securities and sit outside its regulatory framework. Gold and silver mutual funds are regulated under SEBI's Mutual Fund Regulations.
Augmont's digital gold is BIS-hallmarked, ISO certified, and stored in insured vaults — that addresses purity and storage risk. It doesn't change the regulatory category: SEBI's November 2025 statement applies to digital gold as a product type, because the underlying product is not classified as a security, regardless of the provider's operational standards.
Yes — Augmont offers a gold SIP starting from around ₹10/day with auto-debit, similar in spirit to Pyllar's daily SIP. The difference isn't the SIP mechanic, it's what you end up holding: digital gold units on Augmont vs SEBI-regulated mutual fund units on Pyllar.
Save in gold & silver, the SEBI-regulated way
Mutual fund units, not a digital gold receipt. 0% GST. From ₹54/day.
Start ₹54 SIP on Pyllar →