Sovereign Gold Bond. Government securities denominated in grams of gold, issued by RBI. Offer an alternative to holding physical gold with 2.5% annual interest.
← Back to Glossary
S
SGB
Indian MarketsFIRE Planning
Related terms
80C Deduction
Section 80C of the Income Tax Act allows deductions up to Rs 1.5 lakh per year for investments in ELSS mutual funds, PPF, EPF, NPS, and other specified instruments.
BSE
Bombay Stock Exchange. India's oldest stock exchange, established in 1875, located in Mumbai. Its benchmark index is the Sensex.
Brokerage
The commission or fee charged by a broker for executing buy or sell orders. Discount brokers in India typically charge flat fees (e.g., Rs 20 per order) or zero for delivery trades.
CRR
Cash Reserve Ratio. The percentage of deposits that banks must keep with the RBI as liquid cash. Changes in CRR affect liquidity in the banking system and indirectly impact stock markets.
Circuit Breaker
A mechanism that temporarily halts trading on a stock or the entire market when prices move beyond specified limits (upper or lower circuit). SEBI sets these limits to prevent extreme volatility.
Corpus
The total accumulated amount of money in an investment portfolio or fund. In FIRE planning, the target corpus is the amount needed to sustain retirement expenses.