Sovereign Gold Bond matures today with 386% return: Rs 1 lakh investment turns into Rs 4.86 lakh, check key details – Sovereign Gold Bond matures today

The SGB 2018-19 Series-I was issued at Rs 3,064 per gram for online buyers. (Nominal value: Rs 3,114/- less additional discount of Rs 50/- for online applications). It will yield an absolute simple return of nearly 386% on the date of final redemption.

The absolute return comes to be Rs 14,901-Rs 3,064 = Rs 11,837 (without factoring in interest). In percentage terms, it is 11,837÷ 3,064 ×100 = 386.32%

So, the current value of Rs 1 lakh investment in the SGB at the time of its launch will be- Rs 1,00,000 + Rs 3,86,32= Rs 4,86,320 (approximately).