Kindly pay attention to this article as here we have come up with everything that you should know if you invested in the first series of Gold Bonds which is going to mature very soon. Reportedly, the first series of Sovereign Gold Bonds will mature on November 30. What you are expecting from the first SGB batch? However, some have predicted 12 percent returns from the first SGB batch. For the unversed, the first series of Gold Bonds was released in November 2015 at Rs 2684 per gram, issued by the Reserve Bank of India. In the following sections, we have analyzed the gains of the investors. Be sticky with this page and go through it till the end. Swipe down the page.
First Sovereign Gold Bonds To Mature On Nov 30 After Eight Years
People who invested in the first batch of Sovereign Gold Bond and held to its maturity are said to get major gains as prices of yellow metal have doubled in the last eight years. As mentioned, the first series of Sovereign Gold Bonds was issued for Rs 2684 per gram in November 2015 by the Reserve Bank of India. However, the redemption price of this series has not been announced yet. Recently, the Reserve Bank of India announced a redemption price of Rs 6116 per gram for premature redemption of 2017-18 for the first series of Sovereign Gold Bonds. Kindly note that the investors would also get an annual interest of 2.75 percent apart from this redemption. Shift to the next section and read more details.
The co-founder and chief executive officer of Wint Wealth, Ajinkya Kulkarni said, “We can expect the first tranche’s redemption price to be around the same. Therefore, an investment of Rs 1 lakh in the first tranche of SGB would now fetch about Rs 2.30 lakh at close to 10.8 percent XIRR, along with a cumulative interest of approximately Rs 23,000,” Drag down the page and learn more.
Not to mention, RBI-issued SGBs are safer and much better than holding actual gold. It is called a reliable substitute for possessing actual gold. These bonds track the price of one gram of gold. They are issued in series called ‘tranches’ on specific dates during the year. These SGBs usually have a period of eight years for maturity. Notably, the investors also receive an additional interest of 1.25 percent every six months and 2.50 percent per annum on the issue price first launched by the RBI. Stay tuned.