Pyllar vs SafeGold — mutual fund units, or digital gold?
SafeGold sells digital gold — a category SEBI publicly flagged in November 2025 as sitting outside its regulatory framework. Pyllar sells SEBI-regulated gold & silver mutual fund units, held in your own name. Here's the real difference.
Try Pyllar — ₹54/dayTwo different products, often confused as the same thing
SafeGold sells digital gold
You're buying a receipt for physical gold, stored on your behalf in an insured vault. It's a real, established product — but as a category, SEBI has stated it is not notified as a security and sits outside its regulatory framework.
Pyllar sells gold & silver mutual fund units
You're buying units of SEBI-regulated gold and silver mutual funds, held directly in your own folio with the AMC — the same regulatory category as any other mutual fund in India, with the disclosure and grievance-redressal framework that comes with it.
Why this distinction matters
It's not a comment on SafeGold's operational trustworthiness — it's a regulatory category difference. If that distinction matters to how you want your savings held, it's worth knowing before you choose.
Side by side
Figures below reflect SafeGold's publicly stated features as of this writing — always verify current terms on their own site.
| Feature | Pyllar | SafeGold |
|---|---|---|
| What you're buying | SEBI-regulated gold/silver mutual fund units | Digital gold / silver receipt |
| 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) |
| Redemption | Standard MF redemption to your bank account | Sell back at platform's rate, or convert to physical delivery (making charges apply) |
| Holdings shown in grams | ✓ Yes — gold & silver grams | ✓ Yes |
| 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 SafeGold'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
SafeGold sells digital gold — a receipt for physical gold stored in a vault on your behalf. Pyllar sells units of SEBI-regulated gold and silver mutual funds, held directly 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, regardless of which company or vault backs them. Gold and silver mutual funds, by contrast, are regulated under SEBI's Mutual Fund Regulations.
SafeGold is one of the more established digital gold providers in India, with gold stored in insured vaults and independently verified. That addresses storage and purity risk. It does not change the regulatory category: SEBI's November 2025 statement applies to digital gold as a product type, including reputable providers, because the underlying product is not classified as a security.
No. Digital gold purchases typically attract 3% GST, the same as physical gold, because you're buying the metal itself. Gold mutual fund units on Pyllar attract 0% GST, because you're buying units of a regulated financial instrument, not the metal directly.
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 →