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Rgess News

Invest in SBI Sensex ETF; save tax under 80CCG

SBI Mutual Fund has unveiled a new fund named as SBI Sensex ETF, an open ended exchange traded scheme. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for ...

LIC Nomura MF unveils RGESS Series 1; NFO closes on Feb 25

LIC Mutual Fund unveiled its Rajiv Gandhi Equity Saving Scheme (RGESS) Series 1, a close ended equity tax advantage savings scheme for equity investors in India. This scheme will come under tax benefits under Section 80 CCG. This is ...

IDBI Mutual Fund launches IDBI RGESS

IDBI Mutual Fund announced the launch of IDBI RGESS (Rajiv Gandhi Equity Savings Scheme-Series I), a close ended growth scheme offering income tax benefits under Section 80 CCG of the IT Act, 1961. The New Fund Offer (NFO) will open ...

Chidambaram to launch Rajiv Gandhi Equity Savings Scheme on Feb 9

Finance Minister P Chidambaram will launch the much-awaited Rajiv Gandhi Equity Savings Scheme (RGESS) in Mumbai on Saturday, a move likely to encourage new investors to put their money in the stock market. The scheme, which was announced in Budget ...

SBI MF to launch RGESS Tax Saving Fund

SBI Mutual Fund has filed offer with Securities and Exchange Board of India (Sebi) for Rajiv Gandhi equity saving scheme (RGESS) tax saving fund. SBI MF is the first fund house to file document for RGESS. This scheme is an ...

All you want to know about Rajiv Gandhi Equity Savings Scheme

Rajiv Gandhi Equity Savings Scheme (RGESS), is a tax savings scheme which was recently approved by the Finance Minister Shri P. Chidambaram and proposed during the budget 2012-13. This is a scheme which give tax benefit for new investors who ...