Mutual Fund route said to be the safest route to enter RGESS

A number of fund houses are coming forward to attract people to equity market via the Rajiv Gandhi Equity Savings Scheme (RGESS). LIC Mutual Fund, IDBI, DSP BlackRock and UTI have already announced their plans to introduce RGESS compliant schemes. Under the provisions of RGESS, a person with a gross annual income of up to Rs 10 lakh can invest up to Rs 50,000 and claim tax deduction under Section 80CCG. read more

A number of fund houses are coming forward to attract people to equity market via the Rajiv Gandhi Equity Savings Scheme (RGESS). LIC Mutual Fund, IDBI, DSP BlackRock and UTI have already announced their plans to introduce RGESS compliant schemes. Under the provisions of RGESS, a person with a gross annual income of up to Rs 10 lakh can invest up to Rs 50,000 and claim tax deduction under Section 80CCG. read more

[via Stock Watch – Stock Specific News]

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