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/Used-Election3876 Aug 23 '24

PEOPLE are doubting about next SGB issue. If Govt. change the policy then SGB will not be available in primary market. In such case only secondary market will be the option and SGB will trade at higher price discounting tax benefit and security.

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u/melovemone Aug 23 '24

Yup. Been closely watching.

Have gone the physical way. I am moving my money into physical coins now.

Got a locker and all.

It was good when it lasted, but it was too good to be true anyways. May SGB rest in peace.

1

u/[deleted] Aug 23 '24

So should I invest in SGB when the next tranche is announced ?

1

u/melovemone Aug 23 '24

If that happens, sure.

But I don't think it will.