Rajiv Gandhi Equity Savings Scheme

Chidambaram to launch equity scheme on Saturday

As per the notification issued by Sebi on RGESS, there would be a lock-in period of one year on investments made under the scheme.

Fund houses rush to launch RGESS in bid to lure middle-class investors

Under the scheme, new investors can avail of tax benefits who invest up to Rs 50,000 in the stock market and whose gross total annual income is less than or equal to Rs 10 lakh.

Chidu to launch RGRESS equity savings scheme on 9 Feb

Aiming to attract first-time stock market investors, Finance Minister P Chidambaram will launch the much-awaited Rajiv Gandhi Equity Savings Scheme (RGESS) in Mumbai on 9 February.

MFs line up schemes on RGESS offerings to attract first-time investors

Fund houses have begun lining up mutual fund schemes focused on the government's newly proposed Rajiv Gandhi Equity Savings scheme (RGESS), which aims to attract first-time small investors into the capital market by offering them tax benefits.

Battling emus and gold, govt lures middle-class to invest in shares

Fund managers, however, say it will be costly and difficult to tap into these millions of small, and often sceptical, investors, many of whom live in small towns and rural areas and don't trust big city stock markets.

Rajiv Gandhi Equity Savings Scheme: Fund managers give the thumbs-down

It seems that only direct equity investments in equity will be eligible for tax deductions. Mutual fund investments may not be included -- which has upset mutual fund managers.