Tanishq Golden Harvest Scheme: Is it worth the Hype?

By Team Gullak

Nov 21, 2024

4 min read

If you’re familiar with the gold schemes market you might have already come across this name- Tanishq Golden Harvest, also known as the TaTa Tanishq Gold Scheme. In this article, we’ll understand how this scheme works, its benefits and learn if this is a worthy investment.

What is Tanishq Golden Harvest?

Tanishq Golden Harvest or the TaTa Tanishq gold scheme is a popular gold scheme from Tanishq. This gold scheme provides you a comfortable way to save for jewellery of your choice. Under the scheme, you get to make monthly payments for 10 months. After the scheme tenure, Tanishq provides you with a 75% discount on the 1st instalment paid.

How to enrol into the Tanishq Golden Harvest scheme?

Below are the Tanishq Golden Harvest scheme details:

1. Sign up on Tanishq’s website or visit one of their stores

2. Enrol for the scheme and start paying monthly advances

3. At the end of the scheme, you get to pick the jewellery of your choice

Are there any alternative schemes to the Tanishq Golden Harvest scheme?

If you’re looking for an alternative gold scheme that could earn you higher returns, Gullak Gold+ can be the perfect choice for you.

Gullak Gold+ is an innovative gold scheme from the Gullak app. Under this scheme, your Gold quantity increases by 5% every year. Let’s say you invest 100 gms in Gullak Gold+. In 1 year the 100 gms will become 105 gms and in 8 years it’ll become 148 gms. This increase in gold quantity is not possible with any other gold schemes. You can set up daily or weekly or monthly SIPs starting at just ₹150. There are no subscription fees associated. You can withdraw anytime as cash or gold coins or redeem jewellery at Gullak’s partner stores like CaratLane to claim additional discounts on gold price.

Only scheme where Gold Quantity increases by 5%pa

Explore Gullak Gold+

How does Gullak Gold+ compare to Tanishq Golden Harvest?

Now that we have know how both the schemes work, let us understand how they compare against each other:

Parameter	Gullak Gold+	Tanishq Golden Harvest
Minimum Contribution	₹150/day	₹2000/month
Average Annual Returns	Gold price increase + Extra 5% gold pa	Gold price increase
Flexibility	High	Low-Moderate
Lock-in Period	None	10 months
Investment Options	SIP(daily/weekly/monthly) or One-time deposits	Monthly advances
Benefits	Extra 5% gold every year, If redeeming jewellery, get flat 5% off on gold price.	75% discount on VA

Get higher returns, more benefits & unlimited flexibility

Explore Gullak

In the next table, let’s do a side by side comparison based on returns. Let’s say, you invest ₹1 lakh in both Gullak Gold+ and Tanishq Golden Harvest, here’s how:

Asset	Invested amount	Amount after 1 year	1 year returns
Gullak Gold+	₹100,000	₹116,000	16%
Tanishq Golden Harvest	₹92,500(considering 75% discount on 1st instalment)	₹100,000	7.5%

The table above contains the one year returns of both the gold schemes. While Gullak Gold+ gave 16% returns, Tanishq Golden Harvest gave a 7.5% return. This is because your money didn’t get invested in gold in the 1st year with Tanishq Golden Harvest. With Gullak Gold+, the amount gets invested instantly in Gold giving 16% pa(11% - historical average gold price increase pa + extra 5% assured with Gullak Gold+).

After year 1, Gullak Gold+ will continue to give 16% pa while Tanishq Golden Harvest will give you 11% pa(i.e., gold price appreciation).

Note- The calculation above is exclusive of the making charges and VA incurred while buying jewellery.

Concluding thoughts on Tanishq Golden Harvest/TaTa Tanishq gold scheme

In the last section we have seen that while both Gullak Gold+ & Tanishq Golden Harvest are both excellent gold saving schemes, Gullak Gold+ is superior in terms of returns & also provides the flexibility to buy jewellery like any other gold scheme.

The choice on which gold scheme to go with ultimately lies with you as an investor. Analyse the pros & cons of any scheme before investing in it.

Recommended