Sovereign gold bond (SGB) holders are poised to earn handsome returns, closely rivalling those from the stock markets, when the first tranche of bonds issued eight years ago matures on 30 November this year.
Against an issue price of ₹2,684 per gramme on 30 November 2015, the closing price of 24-carat gold was ₹5,929 per gm on Friday, translating into a compounded annual growth rate (CAGR) of 12%, including the interest component on the bond’s nominal value, adjusted for tax at the highest income slab of 30%. Gold rates used are determined by India Bullion and Jewellers Association.
Against this, the Nifty Total Returns Index, which includes dividends, generated a 13.82% CAGR, rising from 10,146 to 28,582 between early November 2015 and last Friday.
Bu hikaye Mint Mumbai dergisinin August 07, 2023 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin August 07, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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