First SGB batch likely to deliver over 12 per cent returns

India's maiden tranche of Sovereign Gold Bonds (SGBs) , which raised Rs 245 crore from investors back in 2015, will mature on November 30, 2023. Since only 6 per cent of the SGB investment was withdrawn prematurely, as per data gathered from the Reserve Bank of India, here's how the majority of investors are likely to see their wealth grow over 12 per cent: Likely returns of India's maiden SGB tranche Issue price in 2015* Rs 2,684/gram Estimated price in 2023 Rs 6,045/gram Say you bought 50 grams in 2015 Rs 1.34 lakh (approx.) Current value Rs 3.02 lakh (approx.) Annualised returns  10.68 per cent Additional interest twice a year 2.75 per cent 

This article was originally published on November 21, 2023.