The first ever SGB – Sovereign Gold Bonds 2.75% NOV 2023 Tr-I was issued on 26 Nov 2015, listed as SGBNOV23 on NSE and 800251 on BSE, with ISIN IN0020150085.
It paid an interest of 2.75% every 6 months until it matured on 30 Nov 2023.
SGB 2015-I Patriculars | Amount (Rs) | Taxability |
---|---|---|
Issue Price on 26 Nov 2015 | 2,684.00 | No |
Interest @2.75% every 6 months = 36.91×16 | 590.56 | As per slab |
Redemption Price on 30 Nov 2023 | 6132.00 | Tax Free |
Headline Return | 128.46% |
---|---|
XIRR (for 30% tax bracket) | 12.28% |
How did it fare compared to other assets or mutual funds? From the point of view of absolute returns, XIRR, cost (brokerage, TER) and taxability.
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Among the ones I track: So XIRR (Pre Tax) of SIP and lump-sum in the following Indices from 01/05/2015 are as follows:
Nifty 50 – 14.86% SIP and 12.57% Lumpsum
Nifty Midcap 150 – 21.03% SIP and 18.5% Lump-sum
Nifty Small Cap – 19.78% SIP and 15.25% Lump-sum
So Post Tax, NIFTY 50 would fetch lesser returns than SGB.
I have not really been tracking other Asset classes like Crypto or Real Estate.