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SGB Status: Closed [18th Jul 2016 to 22nd Jul 2016]

Sovereign Gold Bonds-2016-17-Series-I@3119/gm

Posted on 2019-09-12T16:26:25+00:00

Rated 3/5 by Team InvestorGain

Sovereign Gold Bonds-2016-17-Series-I Details

Latest and updated information about SGB 2016-17 Series 1.

SGB 2016-17 Series 1 Details
Activity Date
Issue Opening Date 18th Jul 2016
Issue Closing Date 22nd Jul 2016
Issue Price ₹3119
Retail Discount ₹Not Yet Announced
Retail Price ₹3119
Allotment Date 5th Aug 2016
Interest 2.75% PA - Paid half-yearly
Redemption Month Aug-2024

The Sovereign Gold Bonds-2016-17-Series-I opens on Monday and the issue price has been fixed at ₹3119 per gram.

The Sovereign Gold Bonds-2016-17-Series-I (SGB 2016-17 Series 1), issued by the Reserve Bank of India (RBI) on behalf of the government, will be open for subscription from 18th Jul 2016 to 22nd Jul 2016. The Bonds will be issued on the 5th Aug 2016. The issue price is ₹3119 per gram of gold. Special discount of ₹0 per gram for the investors applying online and the payment against the application is made through digital mode. For such investors, the issue price of the gold bond will be ₹3119 per gram of gold. Assured return of 2.75% PA payable half yearly on3119/gm.

Retail Investor can invest Minimum 1 GM and Maximum 4 Kg. The 4Kg limit is per financial year. The Maximum limit of HUF is 4 Kg, Trusts and similar entities is 20 Kg.

Sovereign Gold Bonds-2016-17-Series-I Performance Return Calculator

Performance Return Calculator for SGB 2016-17 Series 1.

SGB 2016-17 Series 1 Return Calculator
Activity Date
NSE Code SGBAUG24
Retail Price ₹3119
Number of Units 2953025
Interest 2.75% PA - Paid half-yearly
LTP ₹6566.26
Interest Income ₹650.44
Total P/L ₹4097.7
P/L Percent 131.38%

Last Updated on 2024-03-28T19:33:15+00:00