Finance
TonyRBI's SGB exit: Cashing out at Rs 12,827 per unit, cha-ching!
Listen up, future gold moguls! RBI just dropped the mic on SGB 2019-20 Series VII, letting you cash out after five years. With a redemption price of Rs 12,827, those who snagged it at Rs 3,795 are sitting on a cool Rs 9,032 per gram. That's a dazzling 238% return! So, get ready to trade your bonds for some serious bling, while keeping your tax game tight.
few days ago | Amit Kumar
Quick rundown
1.Investors can now exit SGB 2019-20 Series VII after five years.
2.Redemption price set at Rs 12,827 per unit by RBI.
3.Investors see a 238% return over six years.
4.SGBs offer tax-exempt capital gains on redemption.
5.Premature redemption is available on semi-annual interest dates.
