bond

UTI Dynamic Bond Fund - Regular Plan - Half Yearly Div Option

Category Debt Scheme - Dynamic Bond
NAV 11.0114
Repurchase Price
Sale Price
Date 08-May-2020




bond

UTI Dynamic Bond Fund - Regular Plan - Growth Option

Category Debt Scheme - Dynamic Bond
NAV 20.291
Repurchase Price
Sale Price
Date 08-May-2020




bond

UTI Dynamic Bond Fund - Regular Plan - Flexi Div Option

Category Debt Scheme - Dynamic Bond
NAV 11.238
Repurchase Price
Sale Price
Date 08-May-2020




bond

UTI Dynamic Bond Fund - Regular Plan - Annual Div Option

Category Debt Scheme - Dynamic Bond
NAV 11.1577
Repurchase Price
Sale Price
Date 08-May-2020




bond

UTI Dynamic Bond Fund - Direct Plan - Half Yearly Div Option

Category Debt Scheme - Dynamic Bond
NAV 11.473
Repurchase Price
Sale Price
Date 08-May-2020




bond

UTI Dynamic Bond Fund - Direct Plan - Growth Option

Category Debt Scheme - Dynamic Bond
NAV 21.2636
Repurchase Price
Sale Price
Date 08-May-2020




bond

UTI Dynamic Bond Fund - Direct Plan - Flexi Dividend Option

Category Debt Scheme - Dynamic Bond
NAV 11.5823
Repurchase Price
Sale Price
Date 08-May-2020




bond

UTI Dynamic Bond Fund - Direct Plan - Dividend Option

Category Debt Scheme - Dynamic Bond
NAV 16.3629
Repurchase Price
Sale Price
Date 08-May-2020




bond

UTI Dynamic Bond Fund - Direct Plan - Annual Div Option

Category Debt Scheme - Dynamic Bond
NAV 11.4265
Repurchase Price
Sale Price
Date 08-May-2020




bond

UTI - Dynamic Bond Fund (Segregated - 17022020) - Regular Plan - Quarterly Dividend Option

Category Debt Scheme - Dynamic Bond
NAV 0.2155
Repurchase Price
Sale Price
Date 08-May-2020




bond

UTI - Dynamic Bond Fund (Segregated - 17022020) - Regular Plan - Half Yearly Dividend Option

Category Debt Scheme - Dynamic Bond
NAV 0.1975
Repurchase Price
Sale Price
Date 08-May-2020




bond

UTI - Dynamic Bond Fund (Segregated - 17022020) - Regular Plan - Growth Option

Category Debt Scheme - Dynamic Bond
NAV 0.364
Repurchase Price
Sale Price
Date 08-May-2020




bond

UTI - Dynamic Bond Fund (Segregated - 17022020) - Regular Plan - Flexi Dividend Option

Category Debt Scheme - Dynamic Bond
NAV 0.2015
Repurchase Price
Sale Price
Date 08-May-2020




bond

UTI - Dynamic Bond Fund (Segregated - 17022020) - Regular Plan - Annual Dividend Option

Category Debt Scheme - Dynamic Bond
NAV 0.2001
Repurchase Price
Sale Price
Date 08-May-2020




bond

UTI - Dynamic Bond Fund (Segregated - 17022020) - Direct Plan - Quarterly Dividend Option

Category Debt Scheme - Dynamic Bond
NAV 0.2931
Repurchase Price
Sale Price
Date 08-May-2020




bond

UTI - Dynamic Bond Fund (Segregated - 17022020) - Direct Plan - Half Yearly Dividend Option

Category Debt Scheme - Dynamic Bond
NAV 0.2052
Repurchase Price
Sale Price
Date 08-May-2020




bond

UTI - Dynamic Bond Fund (Segregated - 17022020) - Direct Plan - Growth Option

Category Debt Scheme - Dynamic Bond
NAV 0.3809
Repurchase Price
Sale Price
Date 08-May-2020




bond

UTI - Dynamic Bond Fund (Segregated - 17022020) - Direct Plan - Flexi Dividend Option

Category Debt Scheme - Dynamic Bond
NAV 0.2072
Repurchase Price
Sale Price
Date 08-May-2020




bond

UTI - Dynamic Bond Fund (Segregated - 17022020) - Direct Plan - Annual Dividend Option

Category Debt Scheme - Dynamic Bond
NAV 0.2046
Repurchase Price
Sale Price
Date 08-May-2020




bond

UTI Bond Fund-Quarterly Div Option

Category Debt Scheme - Medium to Long Duration Fund
NAV 13.3453
Repurchase Price
Sale Price
Date 08-May-2020




bond

UTI Bond Fund-Growth - Direct

Category Debt Scheme - Medium to Long Duration Fund
NAV 51.8102
Repurchase Price
Sale Price
Date 08-May-2020




bond

UTI Bond Fund- Regular Plan - Growth

Category Debt Scheme - Medium to Long Duration Fund
NAV 48.5176
Repurchase Price
Sale Price
Date 08-May-2020




bond

UTI Bond Fund- Quarterly Div Option - Direct

Category Debt Scheme - Medium to Long Duration Fund
NAV 16.5459
Repurchase Price
Sale Price
Date 08-May-2020




bond

UTI Bond Fund - Half Yearly Div Option

Category Debt Scheme - Medium to Long Duration Fund
NAV 10.0727
Repurchase Price
Sale Price
Date 08-May-2020




bond

UTI Bond Fund - Flexi Dividend Option - Direct

Category Debt Scheme - Medium to Long Duration Fund
NAV 10.908
Repurchase Price
Sale Price
Date 08-May-2020




bond

UTI Bond Fund - Flexi Dividend Option

Category Debt Scheme - Medium to Long Duration Fund
NAV 10.2672
Repurchase Price
Sale Price
Date 08-May-2020




bond

UTI Bond Fund - Direct Plan - Annual Div Option

Category Debt Scheme - Medium to Long Duration Fund
NAV 10.6187
Repurchase Price
Sale Price
Date 08-May-2020




bond

UTI Bond Fund - Annual Div Option

Category Debt Scheme - Medium to Long Duration Fund
NAV 10.2647
Repurchase Price
Sale Price
Date 08-May-2020




bond

UTI Bond Fund - Half Yearly Div Option - Direct

Category Debt Scheme - Medium to Long Duration Fund
NAV 10.1832
Repurchase Price
Sale Price
Date 08-May-2020




bond

Pair Bonding

same-night delivery, nice




bond

Irish support for Native American Covid-19 relief highlights historic bond

  • GoFundMe page for Navajo and Hopi aid lists many Irish names
  • Choctaw Nation sent donation in 1847 for potato famine victims

The list of recent donors reads like an Irish phone book. Aisling Ní Chuimín, Shane Ó Leary, Sean Gibbons, Kevin Boyle, Kevin Keane, Clare Quinn, Eamonn McDonald, on and on down a GoFundMe page that by Friday had raised $3.15m of a $5m goal.

The individual amounts are not remarkable – $10, $20, $30, some exceeding $100 – but the story behind the donations stretches back two centuries and encompasses a singular act of generosity that forged a bond between Native Americans and Ireland, a bond now renewed in the coronavirus era.

Continue reading...




bond

Maine Coon Bonds With Newborn (Video)

According this is video, there are 7 stages in which a Maine Coon slowly falls in love with a newborn. Or at least in this case.

What are the stages?

Stage 1: "Ewww, what is it?"

Stage 7: "I'll take it from here, thanks."

Just kidding, but not really. Watch the see the delevoping love between the two! 




bond

Ananya Panday and Ishaan Khatter share a cohesive bond as co-stars, here's proof!

Ananya Panday has an exciting array of upcoming films namely Khaali Peeli alongside Ishaan Khatter, Shakun Batra's film alongside Siddhant Chaturvedi and Deepika Padukone and her recently announced film Fighter, which also marks her first film alongside Vijay Deverakonda.

The actress has an extensive following on social media with her consistent uploads and the endearing vibes she gives out to her followers.

The actress keeps on getting into a witty and friendly banter with co-star Ishaan Khatter on social media and here are some of the quips from the comment section of Ananya's and Ishaan's post:

"Ananya Panday: Changu Mangu
Ishaan Khatter: Ay chal na... hawa aande.. bhaalu "

"Ishaan Khatter: You copied the caption from me puppycat,
Ananya Panday: I have no idea what you are talking about."

When fans inquired about her experience on working with co-star Ishaan on her live feed Ananya said, "He is a lot of fun. I have enjoyed my time working with him, he is very talented and very cool. I have had a very good experience working with him, I think we are very similar people and we have a lot to talk about. I think the film that we are doing is very special to both of us so we bond over that alot."

Evidently, Ananya Panday shares a great chemistry Ishaan and we will get to witness it in their upcoming flick.

When Ananya was sharing her live feed on a social media site for the first time Ishaan Khatter was constantly commenting on the live feed for everything that she was saying. Their bond is really tight and it is entertaining and hilarious to see the actor and the actress cross-talk constantly on social media.

Catch up on all the latest entertainment news and gossip here. Also, download the new mid-day Android and iOS apps.

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bond

Ibrahim Ali Khan is using lockdown period to strengthen his bond with mother Amrita Singh and sister Sara

Bollywood actor Saif Ali Khan's son Ibrahim is using the COVID-19 lockdown period to strengthen his bond with mother Amrita Singh and sister Sara Ali Khan. "I'm spending quarantine, strengthening my bond with my mother and sister as we take charge of the household chores," Ibrahim wrote on Instagram.

"I came across a video which is a simple reminder to support our extended families of our neighborhood, especially the elderly who are the most in need amid the COVID-19 crisis. It's time we strengthen bonds and #ShowWeCare by helping them with essentials and ensure their well-being," he added.

Recently, Ibrahim also joined celebrities including Virat Kolhi and Siddhant Chaturvedi to voice concern for senior citizens amid the ongoing health crisis.

Kolhi used social media to request his fans to step up during the difficult time and check if senior citizens living in their vicinity are in need of any essentials or any other support. Siddhant, famous for his role as 'MC Sher' in "Gully Boy", called senior citizens living in his building and checked on their well-being. He told his fans on social media how simple acts of care towards the most in need while practicing social distancing can go a long way in emerging out stronger as a nation.

Kohli, Siddhant and Ibrahim were urging people to extend care for the elderly in an initiative by P&G Vicks.

Catch up on all the latest entertainment news and gossip here. Also, download the new mid-day Android and iOS apps.

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bond

Father's Day Special: Two single dads share stories of how they bond with kids

Sanjay Sharma with his daughters Aayushi (left) and Shriya, both of whom enjoy skating. Pic/Satej Shinde

"When you get divorced, the people you used to hang out with disappear. Suddenly, you have no friends, and neither does your child," begins Hemant Amrute, 43, who has been raising his 12-year-old son as a single parent since 2010. Similarly, Goregaon resident Sanjay Sharma has had full custody of his daughters since 2013, when his older child was not yet five, and the younger two-and-a-half years old.

Hemant Amrute with his son Aryan before a parasailing trip in Goa last December

Taking on the role of both parents hasn't been easy for either of these single dads, but that hasn't stopped them from providing their little ones with an upbringing that isn't lacking.

Striking a work-life balance
Recently, actor Tusshar Kapoor and director Karan Johar made news when they became single fathers to children born via surrogacy. But while these men, who come from privileged backgrounds, presumably have help, this is not the case with most single dads who have to juggle work and kids.

A normal day in the life of the Sharma family is hectic. "Luckily for me, I run my own business, so I do all my work when the kids are at school. My job is to pick them up and later in the evening, drop them off for skating or swimming lessons. My older daughter has also been learning Kathak for two years, while my younger one takes singing lessons," shares 35-year-old Sharma, adding that his mother helps him out on the home front.

Amrute, meanwhile, is also a busy entrepreneur, but now feels confident enough to leave his son home by himself whenever required, as he's a little older. His challenge, however, lies in the kitchen. "I never learned to cook," laughs the Thane resident, adding, "We've had a string of cooks come and go, because both of us invariably end up not liking the food."

Not to mention that being a single parent still has stigma attached to it, which is multiplied when the single parent in question is the father. "In the beginning, people would say, 'Yeh nahin kar paayega (he won't be able to do it)'. Now, they've seen it for themselves," says Sharma. Echoing the sentiment, Amrute adds that once a couple gets divorced, people tend to look down on them, and your social circle shrinks to prevent the awkwardness.

Creating a lasting bond
Sharma's daughters and Amrute's son love being outdoors. Sharma takes his kids to the beach, park, as well as for kiddie events across the city. "We love going on holidays, too, even if they're to nearby places like Mahabaleshwar or Daman."

Amrute and his son Aryan spend weekends at their farmhouse in Yeoor Hills, and head to the cinema or the mall on other days. "We also spent Christmas in Goa last year, which was a lot of fun. A few years ago, I took him with me on a work trip to the US, and we visited a lot of places when I had some downtime," he shares.

Both men recently discovered and joined iSingleParent, a Facebook community that organises meet-ups and holidays for single mums and dads and their kids.

Amrute says that when not at school, his son would end up spending time playing with a smartphone. "We live in a standalone house, so there aren't any kids around for him to play with. But he loves technology, and scored full marks in Robotics. He also enjoys beatboxing and recently started trying out parkour. And now, thanks to the group, he looks forward to bonding with the other kids who come for the meet-ups," he says.

 





bond

Dia Mirza and Bittu Sahgal bond over butterflies at a restaurant in Mumbai


Bittu Sahgal and Dia Mirza enjoy a meal at Kitchen Garden by Suzette in Bandra. Pics/Shadab Khan

There is a peacock whose cacophony Bittu Sahgal wakes up to at his Napean Sea Road residence every morning , before he starts hammering away at articles for Sanctuary Asia, a magazine he launched and has been editing since 1981. And as Dia Mirza tells us how she came to be associated with Sahgal's various projects, a butterfly fluttering in the al fresco section of Kitchen Garden by Suzette lights up her eyes. The actor, who has been deeply involved with the cause of the environment, attended The International Snow Leopard and Ecosystem Forum in Kyrgyzstan last month, and was appointed the ambassador of the Wildlife Trust of India earlier this year. As the mentor and the mentee meet over lunch, words flow as odes to nature, unravelling the green legacy of India and the ecological miracle called Mumbai.

Hasan: How did your association come about?
Sahgal: She walked into our lives like a breath of fresh air.
Mirza: There had been always a sense of awe for the man he is and his work, but I hadn't had facetime with him. So, when I met him socially at a dinner, I chased him. I told him, 'The problem with people like you is that you don't communicate with people like me. If I had more access to your mind, I would take your ideas to more people.' Bittu is someone I look up to as my guardian, my guru. He really changed my life.
Sahgal: It takes a lot out of somebody to keep fighting for 40 years. Then I look at you and I say to myself, 'We won!' Life is a marathon and the baton has been passed on.
Mirza: The world is constantly drawing you away from your purpose. Bittu came into my life as a reminder of all the things I was nurtured with when I was being brought up. I went to a J Krishnamurti school, where we did classes under trees, we grew vegetables and discussed materialism. My work in films had taken me far away from all this but he reminded me that the two can co-exist. And I made a choice.

Avocado Toast and The Greek salad arrive.
Hasan: Speaking of choices, are both of you vegetarian?
Sahgal: I don't perceive meat as food. I was born in a non-veg loving Punjabi family, but I stopped eating meat when I was old enough to say no to my mother.
Mirza: I am not a vegetarian, but I have become more conscientious about my consumption. There are certain meats I don't eat, like wild animals.

Hasan: Where does Mumbai stand in the fight to ensure urban centres retain their green cover?
Mirza: As citizens of Mumbai, we need to remember that we are the only city in the world with a large forest cover in the heart of the city.
Sahgal: We have a garland of mangroves protecting us. Sanjay Gandhi National Park has more butterflies than the entire UK. We are like spoilt rich brats who don't understand the value of our wealth. Like the biodiversity of forests, we need biodiversity of attitudes and strategies.

Mirza: And laws. Isn't it appalling that we are waking up to waste management systems only now?
Sahgal: We have planners planning infrastructure at sea level, when the rest of the world is planning for six metres above sea level. It defies logic that my generation is straddling your generation with white elephant investments that can never work. Nature doesn't give you judgement, it gives you consequences. Mithi river was a consequence, as is Florida.

Mirza: As Bittu always quotes Senegalese environmentalist Baba Dioum: In the end we will conserve only what we love and love only what we learn about.


Quick takes




bond

Giorgia Andriani opens up on her bond with Arbaaz Khan: He is always fun

Arbaaz Khan tied the knot with Malaika Arora in 1998 and have a son, Arhaan Khan together. The duo shocked everyone when they announced the news of their separation in 2016. It was in 2017 that they were granted the divorce and two years from then, both, Malaika and Arbaaz seem to have moved on with their lives. On one hand, where Malaika Arora is reportedly in a relationship with Arjun Kapoor, Arbaaz Khan is happy in the company of Giorgia Andriani.

In a recent interview, Giorgia Andriani opened up about the speculations surrounding her wedding with Arbaaz. Speaking to Bollywood Hungama, she said, "People may assume whatever they want. But I am quite serene as a person, so if and when that (marriage with Arbaaz) will happen, I would definitely let everybody know. I don't have any problem with that. In the meantime, they can think whatever they want. I don’t own anybody's mind."

About Arbaaz, Giorgia says, "He's got a wit. He is always fun. Even if you have some things going in your mind, he is a really nice person to talk to, have fun and make jokes."

The Italian-model is currently spending her quarantine time with her beau. When asked if she got to know Arbaaz better during the lockdown, Giorgia said, "We have already spent a lot of time together in the past so I had already known him very well."

Arbaaz and Giorgia are quite active on social media and often share updates from their daily lives for their fans. Recently, Giorgia, who seemed quite bored, shared a fun video in which she can be seen giving Arbaaz a clean shave! "Being a barber or being barbaric!? What say?" wrote Giorgia along with the video. The video began with a glimpse of Arbaaz resting on a couch in the balcony, which was accompanied by this description: "Dinbhar sona, complete coma."

 
 
 
View this post on Instagram

Being a barber or being barbaric!? What say? 🤷🏻‍♀ï¸Â #Quarantine #Mood #Fun #BoredInTheHouse

A post shared by Giorgia Andriani (@giorgia.andriani22) onApr 21, 2020 at 6:33am PDT

On the work front, Giorgia will soon make her Bollywood debut with Welcome to Bajrangpur co-starring Shreyas Talpade, Sanjay Mishra, and Tigmanshu Dhulia.

Catch up on all the latest entertainment news and gossip here. Also, download the new mid-day Android and iOS apps.

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bond

Extraction: Tyler and Ovi's special bond is something you don't want to miss!

Tyler Rake (Chris Hemsworth) is a fearless black market mercenary with nothing left to lose when his skills are solicited to rescue the kidnapped son of an imprisoned international crime lord. But in the murky underworld of weapons dealers and drug traffickers, an already deadly mission approaches the impossible, forever altering the lives of Tyler Rake and the boy. An action-packed, edge-of-your-seat thriller directed by Sam Hargrave, Extraction is an AGBO Films and TGIM Films, Inc. production, produced by Joe Russo, Anthony Russo, Mike Larocca, Chris Hemsworth, Eric Gitter, and Peter Schwerin.

Amidst the action, the fights, the chaos and gangster war, Ovi (played by Rudhraksh Jaiswal) develops a special bond with Tyler Rake. He becomes Ovi's hero for being a brave man in the way he rescues people and is the best at what he does. Ovi sees Tyler's emotional side, hidden behind an otherwise strong exterior, and touches the chords of his heart with his kind words. The two share a beautiful bond of trust and friendship which is showcased throughout the film.

The film also stars Randeep Hooda, Golshifteh Farahani, Pankaj Tripathi, Priyanshu Painyuli and David Harbour, among others. Extraction releases exclusively on Netflix on April 24, 2020.

Catch up on all the latest entertainment news and gossip here. Also, download the new mid-day Android and iOS apps.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news




bond

Why It Makes Sense To Invest In Sovereign Gold Bonds As COVID-19 Plays Havoc

Posted by Equitymaster
      

Gold has indeed proven itself as an effective hedge against any downside risk. It has seen a sharp rise in the price rally since the first case of Novel Coronavirus was reported in November 2019.

In the beginning of March, gold prices fell marginally, however it is on the upswing and has retained its level above Rs 40,000 per 10 grams.

Graph: Gold's rising uptrend

Gold started to ascend last year when the US and China trade talks began and escalated in trade war, followed by similar trade wars of the US with other nations.

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These events have proved to be favourable for the momentum of the price of Gold. It played its role of a crucial hedge and store of value when other asset classes had witnessed high volatility and posted marginal returns.

Some of the other factors that have supported gold are...

  • The outbreak of COVID-19 with no evident containment yet
  • Economic uncertainty and fears of a virus-led global recession
  • Global GDP growth revised downwards and for across regions
  • Easy monetary policy action (of reduction in interest rates and stimulus packages) and an accommodative stance adopted by the central banks across the world to support growth
  • A crash in the oil markets due to lack of demand and excess supply with storage problems
  • A record-high global debt-to-GDP of nearly US$ 255 trillion (over 322% of global GDP) - 40 percentage points higher than at the onset of 2008 global financial crisis according to the Institute of International Finance (IIF), as the world is fighting the COVID-19 pandemic
  • The US Presidential elections later this year, in November 2020
  • Increased stock market volatility
  • The potential risk to the inflation trajectory.

[Read: Coronavirus Has No Antidote. Your Bad Investments Could Have.]

Besides, the lockdown brought upon due to COVID-19 pandemic is going to hurt the economy for a couple of quarters badly which will amplify the credit risk. The economic activity will slow grind to full capacity, prompting furloughs and pay cuts, and job losses across sectors, which will affect the credit line as the number of defaulters will rise because cash strapping will be seen.

Recognising the risk stemming from the bottom hit economy, where the growth projections by the IMF are almost 1.9% due to the CoVID-19, the NPAs of banks and NBFCs are expected to increase.

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[Read: How the COVID-19 Extended Lockdown Has Made Investments in 'Banking Funds' Very Risky]

Until the COVID-19 pandemic is contained and economic uncertainty prevails, the spotlight will continue to be on gold owing to the financial uncertainty it brings along. Even the IMF Global Financial Stability report highlights an increase in the level of risk among multiple global metrics and, therefore, the importance of owning gold in one's portfolio.

Hence, in my view, in the current situation consider allocating some portion of your investment portfolio to gold and its equivalents. This year buying gold in a physical form from your preferred jeweller or gold merchant may not be possible amidst the COVID-19 extended lockdown. But you can always consider Gold Exchange Traded Funds, Gold Saving Funds, Sovereign Gold Bonds, and/or Digital Gold, which are smart and unconventional ways of investing in gold.

Recently the Government of India, in consultation with the Reserve Bank of India, decided to issue Sovereign Gold Bonds. The Sovereign Gold Bonds will be issued in six tranches from April 2020 to September 2020 as per the calendar specified below:

S. No. Tranche Date of Subscription Date of Issuance
1 2020-21 Series I April 20-24, 2020 28-Apr-20
2 2020-21 Series II May 11-15, 2020 19-May-20
3 2020-21 Series III June 08-12, 2020 16-Jun-20
4 2020-21 Series IV July 06-10, 2020 14-Jul-20
5 2020-21 Series V August 03-07, 2020 11-Aug-20
6 2020-21 Series VI Aug. 31-Sept.04, 2020 8-Sep-20
(Source: Reserve bank of India)

Each of the tranche is offered for a limited subscription period, having a maturity tenure of 8 years and a lock-in period of 5 years

With an initial investment amount of Rs 20,000, resident individuals, Hindu Undivided Families (HUFs), Trusts, Universities and Charitable Institutions can subscribe to SGBs. The application can be also made by the guardian on behalf of the minor. One can purchase units from the secondary market as well.

The issue price of the SGB will be Rs 50 per gram less than the nominal value when applied online and the payment against the application is made through digital mode.

On maturity, the Gold Bonds shall be redeemed in Indian Rupees and the redemption price shall be based on a simple average of the closing price of gold of 999 purity of previous 3 business days from the date of repayment, published by the India Bullion and Jewellers Association Limited.

In order to encourage passive but direct gold investment, as an alternative to purchasing physical gold, Modi led Government sanctioned a Sovereign Gold Bond Scheme in November 2015. Under this scheme, investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by the Reserve Bank on behalf of Government of India.

With the Sovereign Gold Bond Scheme, the risks and costs of physical storage are eliminated. Plus, it is free from issues like the costs of making charges and purity, as in the case of gold in jewellery form. But these bonds are held in the books of the RBI, or in demat form to eliminate even the risk of loss of scrip, etc.

Sovereign Gold Bonds will generate market returns linked to the price of gold, so there may be a risk of capital loss if the market price of gold declines. Moreover, these bonds will provide interest income at the rate of 2.50 per cent (fixed rate) per annum on the amount of initial investment to investors and will be redeemable.

The minimum investment allowed is 1 gram, while the maximum buying limit is a subscription of 4 kg for individuals, 4 kg for Hindu Undivided Family (HUF), and 20 kg for trusts and similar entities notified by the government from time to time per fiscal year (April - March).

These bonds are sold through offices or branches of Nationalised Banks, Scheduled Private Banks, Scheduled Foreign Banks, designated Post Offices, Stock Holding Corporation of India Ltd. (SHCIL), and the authorised stock exchanges, either directly or through their agents.

Do note, that the interest on the bonds is taxed as per the provisions of the Income-tax Act, 1961. If you hold the SGB till maturity the capital gains tax on redemption of SGB is exempted. But if you sold the bond in the secondary market after three years, long term capital gains (LTCGs) tax is applicable and it will be taxed at 20 per cent with indexation. And if sold before three years, a short-term capital gains (STCGs) tax will be applicable according to the income tax slab.

What should the investors do?

Defeating the Coronavirus and surviving is everyone's core focus and having liquidity, those who have an adequate contingency fund are looking for investments.

Equity and debt markets are yet to see any signs of revival despite the stimulating relief measures provided to uplift the slowing of economy but investing in gold can prove to be worthy for your portfolio.

[Read: What Could Be the Potential Impact of a Lockdown on Your Mutual Fund Portfolio? Know Here...]

Even the bond prices were at all-time lows, which are inversely proportional to gold as well. In my view allocate at least 10-15% of your entire investment portfolio to gold and hold it with a long-term investment horizon.

Remember gold offers an effective hedge during global uncertainty and a shield against inflation. Most importantly in your portfolio, it serves as a diversifier.



PersonalFN is a Mumbai based personal finance firm offering Financial Planning and Mutual Fund Research services.

Disclaimer:
The views mentioned above are of the author only. Data and charts, if used, in the article have been sourced from available information and have not been authenticated by any statutory authority. The author and Equitymaster do not claim it to be accurate nor accept any responsibility for the same. The views constitute only the opinions and do not constitute any guidelines or recommendation on any course of action to be followed by the reader. Please read the detailed Terms of Use of the web site.




bond

Mikey McCleary and Natalie Di Luccio, two expats in Bollywood bond over lunch

When we reach a swish Bandra restaurant at the exact hour scheduled for lunch with Natalie Di Luccio and Mikey McCleary, we find Natalie already seated there. Mikey, though, hasn't arrived yet, and this leads to inevitable jokes about 'Indian Standard Time'. But to be fair to the New Zealander, he reaches only a few minutes later and immediately hits it off with Natalie, whom he knows from before. But the two haven't met in a while, their individual projects having kept them too busy to find the time. Mikey, 48, is a composer who dabbles in Bollywood projects such as Shaitan (2011) and most recently Ribbon, which released last month. Natalie, a 28-year-old Italian-Canadian, has made a mark in Bollywood too, as a playback singer in films like English Vinglish and Chennai Express. A Hindi video in collaboration with Raghu Ram is also just around the corner. She's recovered from an appendicitis operation only a few days ago, she tells us, and explores the menu with Mikey before they settle down for an engaging conversation.


Mikey McCleary and Natalie Di Luccio at a restaurant in Bandra West. Pics/Shadab Khan

Shunashir to Natalie: How did your relationship with India begin?
Natalie: Well, I remember I was in the library in McGill (a Canadian university where she studied) around 2009 and I had all my songs on Myspace at the time. I don't know if you remember Myspace?
Shunashir: I do remember it.
Mikey: Yeah, I do too.
Natalie: So this is then, okay? And I got a message on Myspace from someone from India, who said, "Hi, we'd like you to come to India and record on this fusion album on the chakras." But the whole thing didn't make sense to me at the time. So, I said, "Thanks; yeah, maybe one day." But I didn't know who that album was by. Long story short, they messaged me again and said, "Can you do some recording for us from Canada?" and I said, "Okay." Two months later, I get back home from school in Quebec and there's a CD in the mail; it's Sonu Nigam's Maha Ganesha album, which is what I sung for!
Mikey: Wow.

Shunashir: Yeah, wow. And how was it for you, Mikey?
Mikey: My relationship with India actually began because I was born here, in Chennai. My parents were missionaries in the country, in Andhra Pradesh. But anyway, let's fast forward. I moved to New Zealand when I was five years old, did my schooling there, got into music, moved to London and got a studio there. And one day, somebody knocks on the door of the studio, some Indian fellow, and says, "Hi, I'm your new brother-in-law." And this guy is Lucky Ali.
Natalie: Oh my gosh!
Mikey: Yeah, but he hadn't released anything then, so he wasn't known as a singer. He had come to do some sort of recording in Watford and said, "Can I come in and maybe, we can do some music together?" So, I said, "Okay, come back over the weekend," and that's how we recorded a couple of songs, Oh Sanam and Sunoh.
Shunashir: ...Which kind of changed the Indi-pop game at that point of time, at least in terms of videos.
Mikey: Right. And the Oh Sanam video was shot in Cairo, at the pyramids. And the woman who was dressed in the purdah, with everyone in India wondering who this person with blue eyes in Lucky Ali's big hit song is — that's my sister!
Natalie: That's so funny, and really cool.

(The food — poached pear and blue cheese salad, grand chicken Caesar salad, meatballs in creamy sauce and pizza American — arrives)
Mikey: Have you noticed how so many Mumbai menus suddenly have watermelon and feta salad?
Natalie: I think it's a Greek combination and you're right, it's everywhere now. But the pizza in Italy (which is where part of her family is from) is totally different from the one we get in Mumbai. They have less ingredients and the main thing is always the tomato sauce. You can tell the restaurant by its tomato sauce.

Shunashir: Have you not taken to Indian food?
Natalie: No, no. It's not that. But I am fonder of North Indian food because I find that it's a little sweeter in general, all your butter chickens and navratan kormas. And I think North Indian food is pretty much what you mean by Indian food elsewhere in the world, right?
Mikey: Well, do you know what the national dish in the UK is?

Shunashir: It used to be chicken tikka masala, but I'm not so sure about now.
Mikey: I think it still is. By "national dish" they mean the most commonly ordered dish in restaurants.
Natalie: I don't know why it is, but when I'm at home here, I don't like having cooked food as much. Maybe it's the weather?
Mikey: Yeah, it could be. You'll also see that countries that are hotter actually have more chilli in their food. That's because it's counter-intuitive. Chilli kind of cools you down, and brings the heat out.
Natalie: It's so funny how that works.

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