Sovereign gold bonds (SGBs) have a tenor of eight years, but investors can redeem them prematurely after five. One tranche of the bond — SGB 2.75 per cent March 2024, Tranche III (NSE Symbol: SGBMAR24) — is due for premature redemption on March 29.
Jharna Agarwal, head, Anand Rathi Preferred, says, “Investors who invested in this tranche will see around 10 per cent compounded annual return due to the unprecedented rally seen in the yellow metal over the past two years.” Investors can exit by handing them back to the bank or post office purchased from. Such ...
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