Sovereign Gold Bond 2020 21 Series IV (Tranche 41)

The Sovereign Gold bond IV tranche for fiscal year 2020-21 has opened its subscription on 06^th July 2020 and will close on 10^th July 2020. The issuance for this Sovereign Gold bond tranche has been fixed on 14^th July 2020. The price for issue of Sovereign Gold bond has been fixed at Rs. 4,852 per gram having no discount on physical application mode, while investors applying online and making payment through digital mode will get a discount of Rs.50 per gram. For such investors, the issue price of bond will be Rs. 4,802 per gram of gold.

Investors are permissible for minimum investment of 1 Gram gold where as a maximum of 4kgs for individuals and HUFs and 20kgs for trusts every fiscal year. Investors are also getting dual benefit as they earn a fixed assured interest of 2.5% per annum on the investment payable semi annually with a maturity of 8 years along with exit option after the 5^th year from the date of issuance.

Gold is expected to give further returns for investors till clarity emerges on the global economic outlook as Gold has rallied over 20% in terms of value this year. Sovereign gold bonds are issued by the Reserve Bank of India (RBI) on behalf of the government. The sovereign gold bond scheme was launched in 2015 with an objective to reduce the demand for physical gold and shift a part of the domestic savings into financial savings. These Bonds can become tradeable on stock exchanges within a fortnight of the issuance on a date, subject to liquidity. The exclusive benefit available on Sovereign Gold bond is if there is any capital gain at maturity that is tax free.

Here are the details of other tranches of gold bonds that will be issued till September:

You can use GIIS Financial tools or Our Android App  for Investment, tracking and Asset allocation planning. 

*Mutual Fund Investments are subject to market risk, read all scheme related documents carefully.

Share On