11/9/2015 HowtoinvestinRajivGandhiEquitySavingScheme

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How to invest in Rajiv Gandhi Equity

Saving Scheme
Dipak Mondal Last Updated:February 11, 2013 |14:03 IST

IfyouareanIndianresident,earnlessthanRs10lakha RELATED
Chidambaram promises to make
yearandhavenotdoneanyequitytransactionsbefore23 RGESS attractive
November2012,thenyouareeligibleforinvestingunder All about Rajiv Gandhi Equity
theRajivGandhiEquitySavingsScheme(RGESS). Savings Scheme

Underthisscheme,firsttimeequityinvestorscaninvestuptoRs50,000in
approvedstocksandmutualfundsandclaimincometaxdeductionon50percent
oftheamountunderSection80CCGoftheIncomeTaxAct.Thisisoverandabove
theRs1lakhlimitunderSection80C. LATEST MUSTREAD TECHNEWS

HOWTOINVEST: JustDial sinks 7% after Q2 earnings trail

estimates
Tobeeligibleforinvestmentunderthisscheme,youmustopenademataccount
anddesignatethedemataccountforRGESSbysubmittingthedulysigned'Form Rupee weakens by 27 paise to 65.20 on
strong dollar demand
A',whichisavailablewithbrokeragehouses.
Alphabet, Indonesian cos to expand Web
access via balloons
Youcaninvestinanyoftheeligiblemutualfunds EligibleETFs Bank credit grows 9.54 per cent to Rs
orstocksinlumpsumorininstallmentsduring BirlaSunLifeNiftyETF 67,83,127 crore
theyearinwhichthedeductionistobeclaimed. GoldmanSachsBanking Ford recalls 1,29,000 SUVs to fix fuel
Thoughanyamountcanbeinvestedthroughthe IndexExchangeTraded leaks
demataccount,taxbenefitwillbeavailableonlyon Scheme MORE
aninvestmentofuptoRs50,000. GoldmanSachsNifty
ExchangeTradedScheme
Theinvestmentsundertheschemewould GoldmanSachsNiftyJunior
automaticallybesubjecttolockinduringthefirst ExchangeTradedScheme
year.Fromsecondyearonwards,youcansellthe GoldmanSachsS&PCNX
unitsofsecuritiesifyoumaintaintheminimum NiftyShariahIndex
amountforwhichyouhaveclaimedincometax ExchangeTradedScheme
benefit.Failingtodosowillleadtoreversalofthe NEWSYOUCANUSE
IIFLNIFTYETF
taxbenefitavailed. SpiceJet announces Diwali Sale, offering
KotakNiftyETF
tickets at Rs 749
MotilalOswalMOStshares
ThetaxbenefitunderRGESSisavailableonlyfor Air India to launch holiday packages from
M50ETF
December 1
oneyear.Ifaninvestorhasclaimedadeduction QuantumIndexFund
once,hewillnotbeallowedanydeductionunder Samsung to advance launch next Galaxy
R*SharesBankingExchange
S phone
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11/9/2015 HowtoinvestinRajivGandhiEquitySavingScheme

theschemeinsubsequentyears. TradedFund Amazon announces Diwali sale from Oct

ReligareNiftyExchange 26-28
OnecaninvestinnonRGESSstocksandmutual TradedFund Now, connect with neighbours via
fundsthroughthesamedemataccountandthose KotakSensexETF mobileapp
investmentswouldnotbesubjecttoconditions Gmail users can now block, unsubscribe
suchasthelockinofthescheme. emails
[X]Close [X]Close
ECONOMY CORPORATE MARKETS MONEY INDUSTRY TECH OPINION PHOTOS VIDEOS MAGAZINE
MORE
Ifyouinvestonthelasttradingdayofthefinancialyear,yougetathreedaygrace
periodsothatthesecuritiesgetcreditedinthedemataccountandyoucanavailtax
benefitunderthescheme.

ELIGIBLESECURITIESUNDERRAJIVGANDHIEQUITYSAVINGS
SCHEME

A.Equityshares,whicharepartofBSE100andCNX100indices,onthedayof
purchase
B.EquitysharesofpublicsectorenterpriseswhicharecategorisedasMaharatna,
NavratnaorMiniratna
C.Unitsofexchangetradedfunds(ETFs)orMutualFund(MF)schemeswith
RGESSeligiblesecuritiesasunderlying
D.FollowonpublicofferofpointAandBabove PHOTOS VIDEOS

E.Newfundoffers(NFOs)ofpointCabove
Newsmakers:Mark
F.Initialpublicofferofapublicsectorcompanyinwhichthegovernmentholdsat ZuckerberginIndia,
least51percentstakeandwhoseannualturnoverisnotlessthanRs4,000crorein JetAirways
earningsandmore
theprecedingthreeyears

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Source: NSE and BSE

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