It has all the trappings of a government welfare scheme-the name, tedious rules and, not to forget, complex procedures. The Rajiv Gandhi Equity Savings Scheme, or RGESS, launched last financial year, ...

Sebi has asked mutual funds as well as stock exchanges and depositories to create wide publicity for the RGESS scheme among investors. Following up on the notification brought out by the Sebi last ...

RGESS funds may see muted response from investors in FY14 as most fund houses are not keen on launching new schemes. Out of the six fund houses that launched a new close-ended RGESS scheme last fiscal ...

Allowing MF houses to launch RGESS has given MF industry a good opportunity to attract long-term investors. However, it seems MF houses have still not learned lessons from their past mistakes. They ...

Besides ELSS, here is an equity linked tax saving instrument. Equities, despite their inherent risks, make for a compelling investment choice, given the potential of superlative returns. And if they ...

You can invest up to 50,000 in an RGESS scheme and can claim a deduction of 50% on your investment amount. For instance, if you invest 40,000, you can claim a deduction of 20,000 (50% of 40,000). An ...

Equities , despite their inherent risks, make for a compelling investment choice, given the potential of superlative returns. Equities , despite their inherent risks, make for a compelling investment ...

The Rajiv Gandhi Equity Savings Scheme or the (RGESS) was launched in 2013 to encourage retail and small investors to participate in the equity cult. However, the scheme had too many limitations and ...

Finance Minister P Chidambaram on Thursday proposed liberalising the Rajiv Gandhi Equity Savings Scheme to enable first time investors to park funds in MFs and listed shares and extended tax benefits ...