SGB 2023-2024 Series I opens today

Never subscribe to SGB... always lists at 5-6 % discount

constantine wrote:

Never subscribe to SGB... always lists at 5-6 % discount

Can you explain bro? 

Ragu_Tamil wrote:
Can you explain bro? 

I think he is telling that after it lists on market, the price is 5-6% less than what is being asked right now.

Any strategy to buy from market in bulk, normally volume is very less

SuperKnight wrote:

Any strategy to buy from market in bulk, normally volume is very less

Just place limit iceberg orders at chosen price....if your chosen price is with in range of market price,you should get all the fills

Ragu_Tamil wrote:
Can you explain bro? 

I was also surprised initially.But now i have realised as SGB matures after 8 years of issue date.Discount in exchange may be due to high inflation and you only get 2.5 interest every year.

constantine wrote:

Just place limit iceberg orders at chosen price....if your chosen price is with in range of market price,you should get all the fills

What are iceberg orders and which brokers allow them;?

SuperKnight wrote:

What are iceberg orders and which brokers allow them;?

One can place iceberg orders directly in listed SGB's.In iceberg order in nifty one need to show only 10% order amount
for example Like if you need 200 fills you place iceberg order of 200 with only showing 20 .First 20 will be filled and 20 more will be placed automatically until one gets total 200 fills.
Every broker allows it.When you placed a order look for disclosed quantity.Thats the quantity that will be shown not the whole order amount.(i think it is minimum 10%)

constantine wrote:
One can place iceberg orders directly in listed SGB's.In iceberg order in nifty one need to show only 10% order amount
for example Like if you need 200 fills you place iceberg order of 200 with only showing 20 .First 20 will be filled and 20 more will be placed automatically until one gets total 200 fills.
Every broker allows it.When you placed a order look for disclosed quantity.Thats the quantity that will be shown not the whole order amount.(i think it is minimum 10%)

Have been using this feature for last couple of years...but was not knowing if this was called Iceberg order.. thanks and kg+

will i recieve 2.5% interest if bought from secondary market if yes how it will get credited to saving account

Novizio wrote:

will i recieve 2.5% interest if bought from secondary market if yes how it will get credited to saving account

Account linked to demat

Rahil42 wrote:

Account linked to demat

if i buy sgb 2026  i will hold them for 3 years so at the time of maturity my gains will be exempted or not ?

Novizio wrote:
if i buy sgb 2026  i will hold them for 3 years so at the time of maturity my gains will be exempted or not ?

If you hold till maturity, then capital gain will be exempted