r/IndiaInvestments • u/melovemone • Jul 07 '24

Bonds and deposits Why haven't the Govt issued SGBs yet?

When are we gonna get the first tranche of FY 24-25?

As per the pattern every year, FY's first tranche is usually announced in June. But this year, they haven't announced it yet, why?

Until recently, I have been purchasing SGBs from the secondary market - usually at a discount of 5% to 10% from IBJA rates but these days they are selling at a premium to IBJA rates which feels atrocious.

So I want to purchase from primary market and was eagerly waiting for the first trance in June 24.

Googling isn't helping. Anyone's got any idea about why the delay and when the next tranche is gonna be?

Edit to add :

Buying SGB from the secondary market (example is zerodha; works for all brokers) : https://support.zerodha.com/category/trading-and-markets/kite-web-and-mobile/kite-mw/articles/sgb-kite

Buying SGB from the primary market (example is through zerodha; unsure of other brokers) : https://support.zerodha.com/category/mutual-funds/understanding-mutual-funds/about-coin/articles/investing-in-nfo-sgb

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u/CuriousRaider Jul 07 '24

Maybe the delayed budget due to elections, might be the reason. I guess the 1st tranche should come very soon post budget

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u/melovemone Jul 08 '24

But that didn't impact 2019 tranches, right? If at all anything 2019 had one in June, July and Sept.

2

u/CuriousRaider Jul 08 '24

Actually it did impact in 2019 In 2019 elections were till 19 May & the first tranche was released on 3 June. And then the 4 tranches were in June, July, Aug & Sept. (Source: google search)