It has all the trappings of a government welfare scheme-the name, tedious rules and, not to forget, complex procedures. The Rajiv Gandhi Equity Savings Scheme, or RGESS, launched last financial year, ...

Besides ELSS, here is an equity linked tax saving instrument. Equities, despite their inherent risks, make for a compelling investment choice, given the potential of superlative returns. And if they ...

You can invest up to 50,000 in an RGESS scheme and can claim a deduction of 50% on your investment amount. For instance, if you invest 40,000, you can claim a deduction of 20,000 (50% of 40,000). An ...

Allowing MF houses to launch RGESS has given MF industry a good opportunity to attract long-term investors. However, it seems MF houses have still not learned lessons from their past mistakes. They ...

Undeniably, we're a nation of 'tax saving' crazy people. Probably keeping that in mind, the government launched the "RGESS" or "Rajiv Gandhi Equity Savings Scheme" in 2013. RGESS funds allow for a ...

RGESS funds may see muted response from investors in FY14 as most fund houses are not keen on launching new schemes. Out of the six fund houses that launched a new close-ended RGESS scheme last fiscal ...

While the new government needs to undertake a larger exercise to restructure various social sector and developmental schemes going forward, if there is one scheme that needs immediate scrapping, it is ...

Finance Minister P Chidambaram has proposed to extend the tax benefit under the Rajiv Gandhi Equity Savings Scheme (RGESS) to individuals earning up to Rs 12 lakh a year. At present, only those ...

In the pool of tax savings instrument, financial institutions have added one more option called 'Rajiv Gandhi Equity Savings Scheme' (RGESS). This scheme attempts to encourage first time investors to ...

Rajiv Gandhi Equity Savings Scheme (RGESS) is just a few months old, yet some unscrupulous mutual fund (MF) distributors, have started offering cash payback as high as Rs 7,000 per Rs 1 lakh of ...