Sovereign Gold Bond (SGB) Features:
1. The tenure of 8 years with an option to exit from the 5th year
2. 2.5% per annum Interest with asset appreciation opportunity
3. The convenience of investing online (Elimination of risk and cost of storage)
4. Exempt from the Capital gains tax, if held till maturity
Subscription Period Issue: June 8 to June 12, 2020
Issue Price per gram: ₹ 4,677/- ₹ 4,627/-( For Online applications)Investment limit for Individuals: Minimum:1 gram Maximum:4 Kg*
Date of Issuance: June 16, 2020
Personal Opinion:
During the last tranche of May 11-15, it was priced 4590 per gram (4,540 per ram for online) So it is 2% costlier this time. Also gold is going down for a week now so probably we could wait for next tranche to invest in SGB which is coming from July 6-10 probably.
P.S. Last time’s personal opinion did hit on the spot. This time it may not.
The Sovereign Gold Bonds will be issued in six tranches from April 2020 to September 2020 as per the calendar specified below this year:
S. No. Tranche Date of Subscription Date of Issuance
1. 2020-21 Series I April 20-24, 2020 April 28, 2020
2. 2020-21 Series II May 11-15, 2020 May 19, 2020
3. 2020-21 Series III June 08-12, 2020 June 16, 2020
4. 2020-21 Series IV July 06-10, 2020 July 14, 2020
5. 2020-21 Series V August 03-07, 2020 August 11, 2020
6. 2020-21 Series VI Aug.31-Sept.04, 2020 September 08, 2020
1. The tenure of 8 years with an option to exit from the 5th year
2. 2.5% per annum Interest with asset appreciation opportunity
3. The convenience of investing online (Elimination of risk and cost of storage)
4. Exempt from the Capital gains tax, if held till maturity
Subscription Period Issue: June 8 to June 12, 2020
Issue Price per gram: ₹ 4,677/- ₹ 4,627/-( For Online applications)Investment limit for Individuals: Minimum:1 gram Maximum:4 Kg*
Date of Issuance: June 16, 2020
RBI: Sovereign Gold bonds from RBI 3rd Tranche at 4540/gm for online application
Personal Opinion:
During the last tranche of May 11-15, it was priced 4590 per gram (4,540 per ram for online) So it is 2% costlier this time. Also gold is going down for a week now so probably we could wait for next tranche to invest in SGB which is coming from July 6-10 probably.
P.S. Last time’s personal opinion did hit on the spot. This time it may not.
The Sovereign Gold Bonds will be issued in six tranches from April 2020 to September 2020 as per the calendar specified below this year:
S. No. Tranche Date of Subscription Date of Issuance
1. 2020-21 Series I April 20-24, 2020 April 28, 2020
2. 2020-21 Series II May 11-15, 2020 May 19, 2020
3. 2020-21 Series III June 08-12, 2020 June 16, 2020
4. 2020-21 Series IV July 06-10, 2020 July 14, 2020
5. 2020-21 Series V August 03-07, 2020 August 11, 2020
6. 2020-21 Series VI Aug.31-Sept.04, 2020 September 08, 2020
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