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RBI's SGB Exit: Investors Score Big with Massive Gains

RBI's SGB Exit: Investors Score Big with Massive Gains

Listen up, investors! The RBI just dropped the mic on SGB 2019-20 Series VII, letting you strut out after five years! With a redemption price of Rs 12,827 per gram, that’s a jaw-dropping capital gain of Rs 9,032 from the original Rs 3,795. That’s a whopping 238% return, baby! And remember, while interest is taxable, your capital gains are tax-exempt. Now that's how you lay the smackdown on your investments!

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.

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