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Rajiv Gandhi Equity Savings Scheme
September 21 , 2012

The newly approved Rajiv Gandhi Equity Savings Scheme (RGESS) will include investments in certain equity mutual funds and ETFs besides the approved stocks. A new section 80 CCG was created for it.

Few features of RGESS:

  • One can invest a maximum of Rs 50,000
  • Tax rebate of 50%
  • Only for individuals whose annual income is less than 10 lacs
  • Investing in stocks for the first time
  • Investing in BSE 100, CNX 100, PSUs, certain mutual funds and ETFs
  • Lock in of 3 year but can trade after 1 year

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