Bajaj Markets, a subsidiary of Bajaj Finserv, is all set to open public subscription for the Sovereign Gold Bonds (SGB) Tranche 2023-24 Series IV. Investors can seize this opportunity to invest in gold from February 12 to February 16, 2024, during the 5-day subscription window.
SGB Tranche is open for subscription
Subscription Period: February 12 to February 16, 2024 (5 days)
Issuance Date: February 21, 2024
Issue Price: Rs. 6,213/- per gram of gold
Why Invest in SGBs on Bajaj Markets
Government-backed Security: SGBs are backed by the Government of India, providing a secure investment option
Returns: The returns are linked with market price of gold
Additional Returns: The bonds offer fixed annual interest of 2.50% per annum, providing investors with a steady income stream
Convenient Denomination: Investors can start with small units, making gold investment accessible to a wide range of individuals
Tax Benefits: While the interest earned is taxable, capital gains at maturity are exempt from capital gains tax
Maturity Period: SGBs mature in 8 years; an exit option is available after 5 years from the issue date
Flexible Trading: SGBs can be traded on stock exchanges, offering liquidity to investors
No Storage Hassles: Eliminate worries about physical storage and security concerns associated with holding physical gold
Secure a financial future with the stability of gold-backed investments by investing in SGBs on the Bajaj Markets’ app or website.
About Bajaj Markets
Bajaj Markets, a subsidiary of Bajaj Finserv and one of the fastest-growing fintech companies in India, is a digital marketplace that offers multiple financial products across all categories – Loans, Cards, Insurance, Investments, Payments, Pocket Insurance, and VAS. Bajaj Markets has partnered with trusted financial brands to offer “India ka Financial Supermarket”. A one-stop destination where its customers can explore a host of products that can help them achieve their financial life goals. Having started its journey as a fintech, Bajaj Markets has since then built a very strong business as a techfin. It offers a wide gamut of Digital Technology Services which span across Digital Applications, Enterprise Solutions, Data Engineering, Business Analytics, Quality Engineering, and Cloud Services.