Question
What is the maximum limit of subscription for
individuals in Sovereign Gold Bond per fiscal year?Solution
About SGB: The central bank issues the bonds on behalf of the Government of India, and these bonds are restricted for sale to resident individuals, Hindu Undivided Families (HUFs), trusts, universities and charitable institutions. The minimum permissible investment will be one gram of gold. The maximum limit of subscription is 4 Kg for individuals, 4 Kg for HUFs and 20 Kg for trusts and similar entities per fiscal year.
Forward contact is a type of derivative which is publically traded
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