Minimum Application Amount:
The Minimum amount for application (Purchase / Switch-in) during the NFO period of the respective Series is Rs. 500 and in multiple of Rs. 10 thereafter.
To generate long term capital appreciation from a portfolio of Eligible Securities as specified in Rajiv Gandhi Equity Savings Scheme. There is noassurance that the investment objective of the Scheme will be realized.
Tax Benefit under Section 80CCG:
As per Section 80CCG of the Income-tax Act, 1961, investments made by 'New Retail Investor' in this Scheme will qualify for a 50% deduction of the actual amount invested from the taxable income of the financial year. The maximum investment permissible for claiming deduction in a financial year
is Rs. 50,000.
Duration of the Series under the Scheme:
The Scheme offers 4 Series having a term/duration of 3 years from the date of allotment of Units.
The respective Series under the Scheme offers Regular Plan and Direct Plan.
Regular Plan is for investors who wish to route their investment through any distributor. Direct Plan is for investors who wish to invest directly with the Fund without routing the investment through any distributor. Both Regular Plan and Direct Plan offer Growth Option and Dividend Payout Option.