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RGESS: List of mutual funds offering the scheme

RGESS: List of mutual funds offering the scheme
With March 31, 2013 drawing near, investors are increasingly looking at the Rajiv Gandhi Equity Savings Scheme (RGESS) to save tax.

The Rajiv Gandhi Equity Savings Scheme (RGESS) is a new tax benefit scheme introduced for equity investment in select stocks, mutual funds and ETFs former Finance Minister P Chidambaram.

When RGESS was introduced the eligibility limit for first time investors was an income up to Rs 10 lakh, which has now been increased to Rs 12 lakh, by Finance Minister P Chidambaram.

Click to know on how to invest in RGESS.

The main benefits of investing in RGESS - Stocks identified as part of RGESS are the top 100 stocks of the country which also include the Maharatnas and mutual funds investing in equities. Investments in these stocks are eligible for tax benefit under section 80 CCG.

If you are eligible and planning to invest in RGESS here is the list of Mutual Fund scheme available for investment.

The RGESS compliant Mutual Fund schemes available for subscription.

Open Ended:

Name of the Mutual Fund Name of the Scheme
Birla Sunlife Mutual Fund Birla Sun Life NIFTY ETF
Goldman Sachs Mutual Fund GS Junior BeES
GS Bank BeES
GS S&P Shariah BeES
GS Nifty BeES
India Infoline Mutual Fund IIFL Nifty ETF
Kotak Mahindra Mutual Fund Kotak Nifty ETF
Kotak Sensex ETF
Motilal Oswal Mutual Fund Motilal Oswal MOSt Shares M50 ETF
Quantum Mutual Fund Quantum Index Fund
Religare Mutual Fund Religare Nifty Exchange Traded Fund
SBI Mutual Fund SBI Sensex ETF

Close Ended:

Name of the Mutual Fund Name of the Scheme Available for Subscription up to
DSP BlackRock Mutual Fund DSP BlackRock RGESS Fund 08-Mar-13
HDFC MF HDFC Rajiv Gandhi Equity Savings Scheme - Series 1 - February 2013 08-Mar-13
IDBI Mutual Fund IDBI Rajiv Gandhi Equity Savings scheme 09-Mar-13
LIC Nomura Mutual Fund LIC Nomura MF - RGESS Fund 25-Mar-13
UTI Mutual Fund UTI Rajiv Gandhi Equity Savings Scheme 08-Mar-13

Source: AMFII

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