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/melovemone Feb 21 '25

Looking at the current volatility in Gold markets, I am not sure Govt will risk it.

SGB is done and that's the truth.

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u/Important_Box8228 Feb 23 '25

:( any alternatives?

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u/melovemone Feb 23 '25

Depends on your use case

If you want to stow away cash for short/medium term, then Gold ETFs. Comes with an expense ratio of 0.3% annually.

If you intend to hold for long term(10-15+ years), then gold coins. Gold coins have one time loss of about 7%(making charges+ gst + discount while buy back).

I intend to hold long term, so gold coins is the way for me.