What is Rajiv Gandhi Equity Saving Scheme (RGESS)?
Rajiv Gandhi Equity Saving Scheme (RGESS) is a tax saving scheme which was introduced by the Government of India in its Union Budget 2012-13. The main motto behind this scheme is to promote the equity investments among people and also to attract public participation in equity market. The equity investment means investments in shares of companies that are included in the BSE-100 or CNX-100 by purchasing shares or ETFs/Mutual funds which invest in stocks approved by the RGESS scheme. Continue reading