UNCULTURED TRADER
Open in Telegram
For Queries: @Uncultured_trader_bot🇮🇳 I am not a SEBI Registered.This channel is purely for education and training purposes only.I will not be liable for any of your losses or gains Please consult with your financial advisor before making any decision
Show more932
Subscribers
No data24 hours
-57 days
-930 days
Posts Archive
FED SWAPS REPRICE TO FAVOR 50BP HIKE IN MARCH OVER 25BP
FED'S POWELL: CONTINUOUS POLICY RATE INCREASES ARE LIKELY APPROPRIATE IN ORDER FOR STANCE TO BE SUFFICIENTLY RESTRICTIVE TO GET INFLATION BACK TO 2% OVER TIME
FED'S POWELL: THE LABOR MARKET REMAINS EXTREMELY TIGHT
FED'S POWELL: THERE IS STILL A LONG WAY TO GO IN BRINGING INFLATION BACK DOWN, AND THE ROAD IS LIKELY TO BE BUMPY
FED'S POWELL: RECENT ECONOMIC DATA, PARTICULARLY INFLATIONARY PRESSURES, HAVE BEEN STRONGER THAN EXPECTED
FED'S POWELL: IF THE TOTALITY OF THE INCOMING DATA INDICATES THAT FASTER TIGHTENING IS REQUIRED, WE ARE PREPARED TO ACCELERATE RATE HIKES
ADANI STOCKS ; Nse Removes Adani Ent.,Adani Green , Adani Total Gas , Adani Transmission & Others From Nifty Alpha 50 Index
These changes shall become effective from March 31, 2023 (close of March 29, 2023)
Everything You Need to Know About the 2022-2023 (Series IV) Sovereign Gold Bond
Series IV of the SGBS, the most recent series, will remain open for subscription until March 10th, 2023. The bonds are denominated in multiples of grams of gold, with a basic unit of 1 gram. The issue price for one gram of gold has been set at Rs. 5,611, but investors who register online and pay via digital means will receive a Rs. 50 per gram discount.
The bonds have an eight-year term with an exit option after the fifth year that must be exercised on the dates of interest payments. SGBS have a 2.50% annual interest rate that is paid every six months on the initial investment. We can buy SGBS from banks, designated post offices, rbi retail direct website, brokers etc.
One advantage of investing in SGBs is that there are no hazards or storage expenses, and investors can hold gold without having any physical possessions.
A loan with a maximum value of Rs 20 lakhs per individual is also available to SGB holders, and the capital gains tax that results from the redemption of SGB to an individual is exempt. However, if you withdraw before the 8-year
maturity term, you will not be eligible for a tax exemption.
The very first series of SGBS issued in November 2015 were issued at Rs2,684 per unit. The last traded price of the unit is Rs.5,609.80 and interest earned till date is Rs.535.12 giving an absolute return of 128.95% and CAGR of 10.57%. Whereas, if the amount was invested in FD for the same tenure, it would have earned interest at 7% pa. If I were to compare the recent issues, then SGB 2021-22 Series VIII and SGB 2021-22 Series IX which were issued approximately a year ago, have earned 10.02% and 10.75% respectively for the investor, whereas the FD interest rate was 6.25% for the same period. However, the SGB 2021-22 Series X, issued in March 2022 earned a return of 6.83% which is approximately the same as FD. Therefore, there is no guarantee that SGB will outperform FDs every single time. However, SGBS are a good way to diversify your portfolio.
India's population as of today is 1.4 billion people, what is the expected growth rate of our population
