InvestorQ : Can you tell me about the Rajiv Gandhi Equity Scheme offered by Indian mutual funds?
prachi Patwardhan made post

Can you tell me about the Rajiv Gandhi Equity Scheme offered by Indian mutual funds?

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Riya Dwivedi answered.
2 years ago
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Here is a list of specifics offered by AMCs under the RGESS scheme.

Name of the Mutual Fund

Name of the Scheme

Birla Sunlife Mutual Fund

Birla Sun Life NIFTY ETF

Birla Sun Life Rajiv Gandhi Equity Savings Scheme - Series 1

DSP BlackRock Mutual Fund

DSP BlackRock RGESS Fund

HDFC Mutual Fund

HDFC Rajiv Gandhi Equity Savings Scheme - Series 1 - February 2013

HDFC Rajiv Gandhi Equity Savings Scheme – Series 2

HDFC Focused Equity Fund - Plan A

HDFC Focused Equity Fund - Plan B

ICICI Prudential Mutual Fund

ICICI Prudential Nifty iWIN ETF

ICICI Prudential Nifty 100 iWIN ETF

ICICI Prudential Sensex iWIN ETF

ICICI Prudential Equity Savings Fund Series 1

IDBI Mutual Fund

IDBI Rajiv Gandhi Equity Savings scheme

Kotak Mahindra Mutual Fund

Kotak Nifty ETF

Kotak Sensex ETF

LIC Nomura Mutual Fund

LIC Nomura MF - RGESS Fund

Motilal Oswal Mutual Fund

Motilal Oswal MOSt Shares M50 ETF

Quantum Mutual Fund

Quantum Index Fund

Reliance Mutual Fund

R*Shares CNX 100 Fund

R*Shares Sensex ETF

R*Shares Nifty BeES

R*Shares NV20 ETF

CPSE ETF

R*Shares Bank BeES

R*Shares Junior BeES

R*Shares Shariah BeES

Religare Mutual Fund

Religare Nifty Exchange Traded Fund

SBI Mutual Fund

SBI Sensex ETF

UTI Mutual Fund

UTI Rajiv Gandhi Equity Savings Scheme

RGESS schemes are designed to give special privileges to first time investors in the equity market by offering them specific tax rebates. This scheme has not really picked up in a big way in the Indian context.

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