Market, stakeholders give thumbs up to liberalisation

BSE is prepared to permit on-tap selling of SGBs using the exchange's infrastructure

The Sovereign Gold Bonds (SGBs) scheme in its new avatar as approved by the Union Cabinet on Wednesday is expected to be a success. The opportunity to invest without waiting for new tranche announcements was one aim of the change. The annual purchase limit was also raised considerably, for individuals till four kg a year, from 500g, and for trusts and notified entities to 20kg.

Investors may, it was decided, now buy bonds like systematic investment plans (SIPs) for mutual funds. They may go for recurring deposits of SGBs through post offices, choose to buy when there is liquidity, gift