Finance
Sock JohnsonRBI'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!
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.
