[ad_1]
Index Fund Corner
Sponsored
| Scheme Name | 1-Year Return | Invest Now | Fund Category | Expense Ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest Now | Equity: Large Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest Now | Equity: Large Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest Now | Equity: Large Cap | 0.25% |
| Axis Nifty 500 Index Fund | — | Invest Now | Equity: Flexi Cap | 0.10% |
| Axis Nifty Midcap 50 Index Fund | +46.03% | Invest Now | Equity: Mid Cap | 0.28% |
The redemption price for final withdrawal on March 17, 2025, is set at ₹8,624 per gram, meaning the investment has almost tripled in value.
Key details:
- Scheme Name: SGB 2016-17 Series IV
- Issue Price: ₹2,943 per gram
- Issue Date: March 17, 2017
- Final Redemption Date: March 17, 2025
- Redemption Price: ₹8,624 per gram
- Interest Rate: 2.50% per annum, paid semi-annually
How the redemption price is calculated
The redemption price is based on the simple average of closing gold prices of 999 purity for the week (Monday to Friday) preceding the redemption date.
The prices are published by the India Bullion and Jewellers Association Ltd. (IBJA).
For this SGB tranche, the average price from March 10 to March 13, 2025, determines the redemption value (March 14, 2025, being a holiday).
Maturity and tax implications
The bond completes its full eight-year tenure on March 17, 2025.
Gains from SGBs held until maturity are exempt from capital gains tax.
The 2.50% annual interest earned throughout the tenure is taxable as per the investor’s income tax slab.
Redemption details
The proceeds are credited to the customer’s bank account provided at the time of applying for the bond.
On maturity, these bonds are redeemed in rupees.
The investors are advised one month before maturity regarding the ensuing maturity of the bond.
On the date of maturity, the maturity proceeds are credited to the bank account as per the details on record.
In case there are changes in any details, such as account numbers, or email IDs, then the investor must inform the bank/SHCIL/PO promptly.
ALSO READ | This series of Sovereign Gold Bond has given 193% return on premature redemption
[ad_2]
Source link