As per my limited understanding the SGB Bonds are available in secondary maket for trading after 5 years from date of issue. I do see code as SGB2016I and SBG20151. What does this code imply they were issued in 2016/2015 and now available for trading.
At the same time I see Codes as SGB2025 does this mean the bonds were issued in 2010?
Why do much of inconsistency in codes?
Can someone please help with full table stating the issue date, listing date and maturity date along with codes. Or any link on zerodha which provides these details. @bhu
SGB is available for trading in the secondary market immediately after 15-20 days of issuance.
SGB naming scheme is simple, for example, take SGBSEP28 bond.
Here ‘SGB’ stands for Sovereign Gold Bond, ‘SEP’ is the month and ‘28’ is SGB’s maturity year.
SGB’s mature after 8 years from the date of issuance, so the above mentioned bond ‘SGBSEP28’, was issued in September 2020 and will mature in September 2028. You can check the list of all the SGB’s which are listed and are trading on exchanges here.
What SGB2016I and SBG2015 codes imply? They were issues in year 2008? 2007!!!
Are the codes inconsistent in zerodha? A simple table would be really helpful
ShubhS9 - This is really cumbersome. Total 45 SGB series and codes I need to decipher!!! Please consider this an honest suggestion to streamline the codes. I think they should fully match with what is their on NSE. or it would be great if you can provide as I requested a table with SGB Code, the issue date, listing date and maturity date. specific to Zerodha.
Here is NSE’s list of all the SGB’s which have been issued to date with their trading symbols. You can refer to this list to search for the SGB you want on Kite. By looking at the month and maturity year in the symbol you can easily guess when these were issued, to see the listing date just click on any bond which will open the Stock Quote page, which will give you all the details,
@ShubhS9 this is a genuine issue. And the problem will only grow as new series are launched. Currently Fundamentals for SGB show no information.
More than a year back I had proposed if the fundamentals info can show details like name of series, when it was launched, when it would mature, interest credit history, upcoming interest credit dates (like dividend alerts), 52 week high low and the price performance graph like it shows for other stocks. These information would be quite handy in decision making.
@nithin since you personally like SGB, could you please look it as unblocking another ‘Rodha’ off the investment journey.
Yesterday I did the mapping as suggested by @ShubhS9 see the results below. Many codes are missing!!! I am surprised @nithin that Zerodha rather then accepting the suggestion has so much of resistance in doing such a simple thing.
Also, Fundamentals information for SGB. Currently show nothing.
If it shows information like any other stock has - price movement graph, 52 week low, high, past interest credit date, launch date, maturity date, upcoming interest credit date (Event alert) etc. All such information would be handy in when to buy, hold and sell a SGB.
I compiled the data from the RBI website and NSE website (Date of Listing taken from there). Also, the NSE and BSE symbols are linked to their respective websites. In the case of NSE symbols, when searching them in Kite, there will be a -GB suffix at the end.
In the case of the Fundamentals tab, as @Tickertape doesn’t have that information in their database, is it possible to hide it from the dropdown for all such instruments (like Government Securities, Bonds, etc) rather than showing Nothing in here, but me message to the user? I think this has already been implemented for various Futures and Options as I noticed the Technicals option instead of the Fundamentals option present in the dropdown for all those instruments.
I am not able to find any cheap issue in secondary market. I am going with RBI issues one only this time. What was your observation? https://twitter.com/SGBUpdates
If I buy these SGB from Zerodha, what do I need to do get the interest and the maturity amount equal to then Gold market price or Interest will credited in bank account automatically?
Does the price of SGB gets lower after the interest payout?
Atleast how many days before of interest payout I should buy in order to get the 2.5% interest?
