Double-digit returns likely on Sovereign Gold Bonds maturing this year; how much will early SGB investors get?
Published by Economic Times
Abhishek Kumar's role: Quoted
Abhishek Kumar, founder of SahajMoney, said sovereign gold bonds can suit those planning to gift or use gold with a horizon of at least five years, and that 5–10% of a portfolio may sit in them depending on goals.
More of Abhishek's views on money management
Economic Times estimates what investors in the Sovereign Gold Bond tranches maturing in 2024 would receive, assuming the December 2023 gold price of ₹6,176 a gram. On that basis, ₹1 lakh put into the February 2016 tranche at ₹2,600 a gram would come to about ₹2.38 lakh including the final interest payout, though the actual figure depends on RBI's redemption price. It also covers interest, exit options and tax.
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Double-digit returns likely on Sovereign Gold Bonds maturing this year; how much will early SGB investors get?
