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Sinha asks MFs to refocus on biz, promises policy push soon

Talking about the Rajiv Gandhi Equity Savings Scheme, Sinha said the plan has not picked up well and the regulator will try to find out the reasons for the same.

Budget 2013 will woo more investors into MF sector

The mutual fund players have welcomed the Budget proposals to increase the income slab for the Rajiv Gandhi Equity Savings Scheme (RGESS) and allow pension and provident funds to invest in debt schemes, saying these steps will increase the depth of capital markets.

LIC Nomura MF hopes to garner Rs 100 cr from RGESS

"We hope to garner around Rs 100 crore from around 20,000 retail investors from the newly-launched RGESS," LIC Nomura Mutual Fund Chief Executive and Director Nilesh Sathe said here.

Sebi chief for changes in RGESS to make it more appealing

Sebi chairman U K Sinha on Saturday said there is a need to make the Rajiv Gandhi Equity Savings Scheme (RGESS) more appealing for middle income investors.

Govt will modify Rajiv Gandhi Equity Scheme in Budget 2013: FM

Admitting that concerns have been raised about the RGESS being too complex for a small investor to understand, FM said, it would be made easy to participate in the scheme.

Chidambaram to launch Rajiv Gandhi equity scheme tomorrow

Finance Minister P Chidambaram will launch the much-awaited Rajiv Gandhi Equity Savings Scheme (RGESS) in Mumbai on Saturday, a move likely to encourage new investors to put their money in the stock market.

IDBI Mutual Fund gets Sebi nod for RGESS

IDBI Asset Management Company Monday said it has received market regulator Sebi's approval to launch the Rajiv Gandhi Equity Savings Scheme, series I (RGESS).

FM to launch Rajiv Gandhi Equity Scheme in Mumbai next month

"He (Chidambaram) is going to Mumbai next month and will formally launch the Rajiv Gandhi Equity Scheme there," sources said.

Mutual funds start lining up RGESS offerings

Filing draft papers is mandatory before launching new schemes and the regulator usually takes about three-four weeks to clear these schemes.

Rajiv Gandhi scheme to attract new investors to market: NSE

Leading stock exchange NSE Sunday said that the newly announced Rajiv Gandhi Equity Savings Scheme (RGESS) would encourage new investors to come into the equity markets and put their money in products like ETFs.

SEBI comes out with Rajiv Gandhi Equity Savings Scheme norms

Under the scheme, announced in the 2012-13 Union Budget, new investors can avail tax benefits who invest up to Rs 50,000 in the stock market and whose gross total annual income is less than or equal to Rs 10 lakh.

FinMin likely to notify Rajiv Gandhi equity scheme this week

The Finance Ministry is likely to notify the Rajiv Gandhi Equity Savings Scheme (RGESS), which is aimed at attracting retail investors to equity, within this week.

RGESS: MF players await Sebi guidelines for clarity

Mutual fund industry is awaiting guidelines from markets regulator Sebi on implementation of the Rajiv Gandhi Equity Savings Scheme (RGESS) as they need more clarity on the details of investment.

Rajiv Gandhi Equity Savings Scheme: Key Facts

Government on Friday launched the Rajiv Gandhi Equity Savings Scheme (RGESS) which was announced by the then Finance Minister Pranab Mukherjee in his 2012-13 budget speech.

Experts hail govt's move to lower tax on overseas loan, RGESS

Industry analysts have welcomed the government's decision to allow mutual funds and exchange- traded funds in the Rajiv Gandhi Equity Savings Scheme (RGESS), and the steep cut in withholding tax on overseas borrowings to 5 percent from 20 percent.

Experts hail govt's move to lower tax on overseas loan, RGESS

Welcoming the notification of the new retail equity scheme, Goldman Sachs Asset Management India co-chief executive Sanjiv Shah said it is an excellent initiative to encourage small investors.

Govt launches Rajiv Gandhi Equity Savings Scheme

Moving ahead with steps to revive investor sentiment and curb demand for gold, Finance Minister P Chidambaram on Friday cut withholding tax on overseas borrowings to 5 percent from 20 percent and approved the Rajiv Gandhi Equity Savings Scheme (RGESS).

Sebi asks govt to route Rajiv Gandhi Equity Scheme through MF

To minimise risk associated with direct stock investment for new investors, market regulator Sebi has asked the government to route tax-saving Rajiv Gandhi Equity Savings Scheme through MF.

Assocham seeks reduction of lock-in period to 6 months in RGESS

Industry body Assocham on Monday called for reducing the lock-in period in the Rajiv Gandhi Equity Savings Scheme (RGESS) for new equity investors to six months, instead of three years as proposed in the Budget 2012-13.

Budget 2012: Rajiv Gandhi Equity Savings Scheme launched

The Union Budget 2012-13 proposes a new scheme named Rajiv Gandhi Equity Savings aimed at encouraging flow of saving in financial instruments and improving the depths of domestic capital market.