Tax sops in RGESS extended to 3 years: Chidambaram

Finance Minister P Chidambaram on Thursday proposed liberalising the Rajiv Gandhi Equity Savings Scheme to enable first time investors to park funds in MFs and listed shares and extended tax......

LIC Nomura MF hopes to garner Rs 100 cr from RGESS

LIC Nomura Mutual Fund hopes to garner around Rs 100 crore (Rs 1 billion) from around 20,000 retail investors under its newly launched Rajiv Gandhi Equity Savings Scheme (RGESS)."We hope to garner......

RBI, Sebi propose changes in RGESS investment norms

The launch of the Rajiv Gandhi Equity Savings Scheme (RGESS) announced in this year's Union budget to attract retail investors to invest in equities is likely to be delayed further. The regulators......

Sebi pitches for tax rationalisation in capital markets

The regulator has sought an increase in the investment limit for tax-saving equity mutual fund schemes to Rs 200,000 from the current Rs 150,000. Ahead of the Union Budget, market regulator Sebi......