Whalesbook
SGBs ne dilwaya shaandaar return!
Badi khabar yeh hai ki Sovereign Gold Bond (SGB) 2018-19 Series I, jo 4 May 2026 ko mature hui hai, usne investors ki jeb bhar di hai. Is bond mein lagaye paise par aapko simple 376% ka return mila hai, matlab 8 saal mein lagbhag 22% ka CAGR (Compound Annual Growth Rate). Sirf yahi nahi, investors ko 2.5% ka semi-annual interest bhi milta raha hai. Per unit final redemption price ₹14,901 set kiya gaya hai.
Gold prices ka asar
Ye returns April 2026 ke end mein badhti gold prices ke beech aaye, jismein global factors jaise geopolitical tensions, crude oil prices aur inflation ka bada haath tha. India Bullion and Jewelers Association (IBJA) dwara report kiye gaye average gold prices ke basis par ye redemption price decide hui.
Gold ETFs ko bhi piche chhoda?
Aur SGBs jo 2018-19 series se the, unhone bhi 373% se 379% tak ka return diya hai. Ye scheme Gold ETF market se bhi aage nikal gayi hai. March 2026 tak Gold ETFs ka AUM ₹1.71 lakh crore ko paar kar gaya tha, jo 191% ka growth hai. Fiscal year 2026 mein equity ETFs se zyada inflows Gold ETFs mein aaye. Aur jabki India ki inflation rate 3.21% ke aas-paas thi, SGBs ka return inflation ko comfortably beat kar raha tha. Yaad rahe, SGB 2018-19 Series I issue hua tha ₹3,114 per gram par (online purchase ₹3,064).
Naye tax rules ki maar?
Ab aate hain Budget 2026 ke naye rules par. Ye rules SGB investors ke liye thoda chaukane wale hain. Ab se, agar aap SGBs ko secondary market mein sell karte hain ya premature redemption karte hain (matlab maturity se pehle), toh aapko capital gains tax dena padega. Yeh benefit pehle sirf un original subscribers ko milta tha jo bond maturity tak hold karte the. Is change se SGBs ka tax advantage kam ho gaya hai, jo pehle unhe Gold ETFs aur physical gold se alag karta tha.
Nayi SGBs par abhi pause
Aur ek important baat, Reserve Bank of India (RBI) ne FY2026-27 ke liye koi naye SGB issuance announce nahi kiye hain. Aisa borrowing costs zyada hone ki wajah se kiya gaya hai. Isse investors ke liye future mein SGBs se similar returns expect karna mushkil ho sakta hai. Toh ab SGBs shayad kuch khaas tarah ke investors ke liye hi zyada suitable honge.