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

Sovereign Gold Bonds-2016-Series-I@2600/gm

Posted on 2019-09-12T16:26:01+00:00

Rated 3/5 by Team InvestorGain

Sovereign Gold Bonds-2016-Series-I Details

Latest and updated information about SGB 2016-1.

SGB 2016-1 Details
Activity Date
Issue Opening Date 18th Jan 2016
Issue Closing Date 22nd Jan 2016
Issue Price ₹2600
Retail Discount ₹Not Yet Announced
Retail Price ₹2600
Allotment Date 8th Feb 2016
Interest 2.75% PA - Paid half-yearly
Redemption Month Feb-2024

The Sovereign Gold Bonds-2016-Series-I opens on Monday and the issue price has been fixed at ₹2600 per gram.

The Sovereign Gold Bonds-2016-Series-I (SGB 2016-1), issued by the Reserve Bank of India (RBI) on behalf of the government, will be open for subscription from 18th Jan 2016 to 22nd Jan 2016. The Bonds will be issued on the 8th Feb 2016. The issue price is ₹2600 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 ₹2600 per gram of gold. Assured return of 2.75% PA payable half yearly on2600/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-Series-I Performance Return Calculator

Performance Return Calculator for SGB 2016-1.

SGB 2016-1 Return Calculator
Activity Date
NSE Code SGBFEB24
Retail Price ₹2600
Number of Units 2870808
Interest 2.75% PA - Paid half-yearly
LTP ₹6292
Interest Income ₹577.96
Total P/L ₹4269.96
P/L Percent 164.23%

Last Updated on 2024-02-05T18:33:19+00:00