The sixth tranche of the sovereign gold bond issue, third in the current financial year, will have several new features for investors.
Sources said the government planned to improve the terms on ease of investing, to make it simple to understand, easy to encash and easy to invest.
In the previous issue, the minimum investment quantity was made a minimum of one gramme and its multiples. Those investing through banks can also buy the bonds online and get them in demat form. They're also listed on the stock exchanges but trading is thin and brokers not so active. Those buying through banks directly without having demat facilities might find it difficult to encash, as only demat bonds can be sold on the stock exchanges. Market players say such investors need an alternative mechanism to make their bonds liquid.
