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