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 ...

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 ...

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 ...

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 ...

Fund houses are rushing to launch schemes that will be eligible for tax sops under the Rajiv Gandhi Equity Savings Scheme (RGESS), which was recently approved by the government. In past few weeks, ...

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 ...

Budget 2013 has made slight modifications in the Rajiv Gandhi Equity Savings Scheme (RGESS). Effective 1 April 2013, investors with a gross total income of up to 12 lakh can invest in RGESS, up from ...

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 ...

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 ...