Latest news with #SovereignGoldBond
Time of India
12 hours ago
- Business
- Time of India
Freedom at 45! How 21-year-old Gen Z can retire early
For Gen Z, financial freedom is not about being ultra-rich, but rather the power to choose how you live, work, and spend your time. Good news? You do not need to be a millionaire to retire early. If you are 21 today and start investing wisely, it is entirely possible to achieve financial freedom by the age of 45. Why retire at 45? Explore courses from Top Institutes in Select a Course Category Data Science Cybersecurity Finance Data Analytics Data Science Artificial Intelligence Technology Degree Operations Management Leadership Design Thinking Management others MCA PGDM CXO Product Management Healthcare healthcare Public Policy Digital Marketing Others Project Management MBA Skills you'll gain: Data Analysis & Interpretation Programming Proficiency Problem-Solving Skills Machine Learning & Artificial Intelligence Duration: 24 Months Vellore Institute of Technology VIT MSc in Data Science Starts on Aug 14, 2024 Get Details Skills you'll gain: Strategic Data-Analysis, including Data Mining & Preparation Predictive Modeling & Advanced Clustering Techniques Machine Learning Concepts & Regression Analysis Cutting-edge applications of AI, like NLP & Generative AI Duration: 8 Months IIM Kozhikode Professional Certificate in Data Science and Artificial Intelligence Starts on Jun 26, 2024 Get Details Unlike traditional retirement, which often starts at 60, financial freedom at 45 means that you no longer have to work to earn money. You can continue working - but only if you want. The idea is to reach a point where money no longer controls your choice. Let's break it down. Suppose you spend INR 50,000 per month today. With 6% average inflation, you will need approx INR 2.02 lakh/month at the age of 45 to maintain the same lifestyle - which is about INR 24.3 lakh/year. To maintain this income for next 35 years post-retirement (up to 80 years of age), you will need a retirement corpus of about INR 4.01 crore, assuming 5% post tax return on your corpus. What is the plan? Live Events To accumulate INR 4.01 crore in the next 24 years, you will need to invest around INR 24,221 per month through SIP (Systematic Investment Plan). This may look like a large commitment, but if you start early and remain consistent, assuming 12% annualised returns through market-linked instruments, this goal is very much achievable. Smart investment strategy Here is how to make a strong investment portfolio which should be well diversified across: Large-Cap Mutual Fund: Offer Stability and consistent Returns Mid and Small-Cap Fund: Help increase your money rapidly in the long term Beta Fund: Capture extensive market movements with more flexibility ETF (Exchange-Traded Funds): Low cost, passive investment that tracks the indexes Gold ETF or Sovereign Gold Bond: Protect your wealth against inflation International Mutual Funds: Add global diversification (if aligned with your risk profile) What to Do As You Get Closer to 45 As you are near retirement, your focus should move from growth to protection. Gradually transition towards debt instruments, high-duration funds, bonds, and income-generating options to reduce volatility and ensure stable income. Consider: Debt mutual funds or long-duration bonds Fixed-income products like FDs or government bonds Systematic Withdrawal Plans (SWPs): Get monthly income from your investments Annuities: Provide guaranteed income after retirement Don't "Set It and Forget It" Your portfolio needs regular attention. It must be monitored regularly and rebalanced periodically to align with changing macroeconomic fundamentals such as inflation, interest rate cycle, global equity trends, and geopolitical risks. Markets are dynamic, and so are your financial needs; reviewing your portfolio helps you identify underperforming assets, adjust asset allocation, and capitalize on new opportunities, ensuring optimal risk-adjusted returns throughout your financial journey. Regular review will keep you on track toward long-term stability and wealth creation. Discipline Is the Key Here's the formula in five simple steps: Start early — the sooner, the better Be consistent — invest every month, no matter what Diversify — spread your investments across different assets class Review regularly — adjust your plan as needed Stay invested long-term — let compounding work its magic Final Thoughts You don't need to come from money or earn a huge salary to retire early. What you really need is a clear goal, a simple plan, and the discipline to follow through. For Gen Z, time is the biggest asset. If you start at 21, invest smartly, and stay committed — retiring at 45 isn't a fantasy. It's a realistic goal. So, is financial freedom at 45 possible? Absolutely. All it takes is clarity, consistency, and a little confidence in your future self. (The author is Group CEO & CIO – Wise Finserv Private Wealth) ( Disclaimer : Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
News18
6 days ago
- Business
- News18
Investors Set To Earn Nearly 100% Return As SGB 2020-21 Series-IV Redemption Opens July 14
SGB Scheme Redemption: Investors holding Sovereign Gold Bond (SGB) 2020-21 Series-IV can opt for early redemption on July 14, 2025. The Reserve Bank of India (RBI) has fixed the redemption price at Rs 9,688 per gram. Sovereign Gold Bond (SGB) 2020-21 Series-IV was Issued at Rs 4,852 per gram in July 2020. The SGB 2020-21 Series-IV offers investors an absolute return of Rs 4,836 per gram over five years, translating to a 99.67% return on the principal amount. This doesn't include the additional 2.5 per cent interest on every six month.
Time of India
02-07-2025
- Business
- Time of India
Sovereign Gold Bonds earn over 200% returns: RBI announces redemption price for some SGBs
AI image Sovereign Gold Bond (SGB) redemption: Bought sovereign gold bonds in 2017 or 2018? You are in for good news as the RBI announced the redemption prices for the SGBs, offering a return of over 200%. The Reserve Bank of India (RBI) announced the redemption price for two sovereign gold bond tranches due for premature redemption on July 1. Investors holding the SGB 2017-18 Series-XIV and SGB 2018-19 Series-IV will be getting Rs 9,628 per unit of SGB. Even though the tenure for these gold bonds is 8 years, they allow for premature redemption after the fifth year from the date of issue. Calculating the SGB redemption According to the RBI press release issued on June 30, the redemption price is calculated as the simple average of closing gold price of 999 purity for the previous three business days from the redemption date, as published by the India Bullion and Jewellers Association Ltd (IBJA). For this cycle, the relevant dates were June 26, 27 and 30, ET reported. SGB 2017-18 Series-XIV Those who invested in the SGB 2017-18 Series XIV in January 2018 at Rs 2,831 per gram are getting almost 240% return. SGB 2018-19 Series-IV The SGB 2018-19 Series IV, issued a year later in January 2019 at Rs 3,119 per gram, has yielded an increase of over 208%. This implies that investors would be getting Rs 6,509, in case they chose to opt to withdraw prematurely. This rate does not account for the fixed 2.5% interest offered annually. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo Interest offered The bonds carry an interest rate of 2.5% per annum, paid semi-annually. This is credited directly to the investor's bank account and is in addition to the capital appreciation. The final interest payout is made along with the principal on maturity or redemption. How to redeem SGBAs prematurely Identifying the bond tranche by checking the issue date to determine when they become eligible for premature redemption. They should then submit the redemption request before the deadline specified in the schedule to ensure timely processing. Investors will be notified one month in advance about the upcoming maturity of their SGBs. On the maturity date, the proceeds will be directly credited to the bank account registered with the issuing authority. In case there are any changes in personal details such as bank account number or email ID, it is important to promptly update this information with the bank, SHCIL, or post office to avoid any details. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
05-05-2025
- Business
- Time of India
Sovereign Gold Bond 2017-18 series VI yields over 220% return in 7.5 years; RBI fixes premature redemption price at Rs 9,453 per gram on May 6
Investors holding the Sovereign Gold Bond (SGB) 2017-18 Series VI, issued on November 6, 2017, will be eligible for premature redemption on May 6, 2025, at a price of Rs 9,453 per gram, as notified by the Reserve Bank of India. Tired of too many ads? go ad free now This marks a gain of around 221% on the original issue price of Rs 2,945 per gram (or Rs 2,895 for investors), over a holding period of seven and a half years. In an official statement on Monday, the RBI said, 'The redemption price for premature redemption due on May 06, 2025 shall be Rs 9,453/- (Rupees Nine Thousand Four Hundred and Fifty-Three only) per unit of SGB based on the simple average of closing gold price for the three business days i.e., April 30, May 02 and May 05, 2025.' Earlier, according to the RBI the was priced at Rs 2,945 per gram, based on the average closing price of gold of 999 purity from October 25 to 27, 2017. Investors who applied online and paid digitally had received a Rs 50 discount, bringing the effective issue price to Rs 2,895 per gram. The was launched in 2015 by the Government of India, in consultation with the RBI, as a financial alternative to physical gold investment. Bonds are issued in denominations of one gram of gold or multiples thereof, and are tradable and eligible for conversion to dematerialised form. Each tranche is open for limited subscription windows and comes with a fixed interest rate of 2.50% per annum, paid semi-annually. Capital gains on redemption are tax-free for individual investors, and the bonds can also be used as collateral for loans. Redemption of SGBs is allowed after the fifth year from the date of issue, but only on the next interest payment date. The final maturity is after eight years. The redemption price is linked to the market value of gold and is based on the simple average of closing prices of gold of 999 purity, according to the RBI.
Time of India
03-05-2025
- Business
- Time of India
Sovereign Gold Bond final redemption: Investors to earn 221% returns on maturity as RBI announces final price for SGB 2017-18 Series I; check details
SGB 2017-18 Series I: What is the final redemption price? SGB 2017-18 Series I: Issue price Live Events SGB 2017-18 Series I: How much profit did investors make? Tax-free maturity amount on SGB What are Sovereign Gold Bonds? Can a Minor invest in SGB? The Reserve Bank of India (RBI) has announced the final redemption price of Sovereign Gold Bond (SGB) 2017-18 Series I. The final redemption is due on May 9, 2025. The SGB bond was issued in May 2017. The SGB is repayable on the expiration of eight years from the date of issue of the Gold Bonds. Accordingly, the final redemption date of the above tranche shall be May 9, gold bond holders of this issue have hit a jackpot as the gold prices has been hitting new highs in the domestic market. Recently, gold prices touched Rs 1 lakh per 10 grams (24K) in some read: Sovereign Gold Bond 2025: RBI announces SGB premature redemption dates from April – September 2025; Check details According to the Reserve Bank of India press release dated May 2, 2025, the redemption price for the final redemption due on May 09, 2025 (May 12, May 11 and May 10 being holidays) shall be Rs 9486/- per unit of SGB based on the simple average of closing gold price for the week April 28, 2025 - May 02, 2025. (May 01, 2025, being a holiday).The final redemption price of SGB is calculated based on the simple average of closing price of gold of 999 purity of three working days of the previous week (Monday to Friday) as published by the India Bullion and Jewellers Association issue price for SGB 2017-18 Series I in May 2017 was fixed at Rs. 2951 per gram. Investors who made purchase online are eligible for discount of Rs 50 on the issue price. For them, the applicable issue price will be Rs 2901/- (Rs 2951- 50 = 2901/-).Also read: Fresh SGB issuance unlikely: How much will you gain if you buy Sovereign Gold Bonds from stock market The Sovereign Gold Bond (SGB) 2017-18 Series I, issued on May 12, 2017, had an issue price of Rs 2,951 per gram. The final redemption price as per RBI is Rs 9486. The SGB is due for redemption on May 9, absolute terms, an investor has earned a return of 221% over eight years without considering the interest the investor would have earned annual interest of 2.5% per annum on their gold bond maturity amount received by the SGB holder will be tax-exempt. Suppose you invested Rs 1,47,550, based on the issue price of Rs 2,951, to get 50 grams of gold. On maturity, you will get Rs 4,74,300 based on the final price of Rs 9, you get the gains of Rs 3,26,750 RBI issues Sovereign Gold Bonds (SGBs) as government securities on behalf of the Indian government. These bonds are denominated in grams of gold and provide an alternative to holding physical gold while offering periodic FAQs on SGBThere may be a risk of capital loss if the market price of gold declines. However, the investor does not lose in terms of the units of gold which he has paid resident in India as defined under Foreign Exchange Management Act, 1999 are eligible to invest in SGB. Eligible investors include individuals, HUFs, trusts, universities and charitable institutions. Individual investors with subsequent change in residential status from resident to non-resident may continue to hold SGB till early redemption/ joint holding is The application on behalf of the minor has to be made by his/her guardian.
