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Sovereign Gold Bonds scheme: Investors and mutual fund players can now use National Stock Exchange of India Limited’s (NSE) electronic mutual fund platform to invest in the scheme. The fourth tranche of subscription started today and will be open till 22. (Reuters)
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Sovereign Gold Bonds scheme: The platform has been provided to distributors to make mutual fund (MF) transactions on behalf of their clients. Called the NMF II, this is the only online MF platform offering Sovereign Gold Bonds to investors. (Reuters)
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Sovereign Gold Bonds scheme: The issue price of sovereign gold bond has been fixed at Rs 3,119 per gram. The investors have the flexibility to invest in demat or non-demat form in Sovereign Gold bonds through this platform. (Reuters)
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Sovereign Gold Bonds scheme: Investors not only benefit from the change in value of gold on a daily basis but also earn a 2.75% interest which makes this product very unique. The tenor of these bonds is 8 years with exit options in 5th, 6th and 7th year also. (Reuters)
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Sovereign Gold Bonds scheme: Investors can use these bonds as collateral for bank loans too. Investors should know that while long term capital gains tax is applicable if it is sold after 3 years, the same will not be charged at all (zero) if it is redeemed on maturity. And most of all, there is no tax deducted at source (TDS) on interest paid on these bonds. (Reuters)
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