LIC Nomura MF hopes to garner Rs 100 cr from RGESS

Last Updated: Monday, February 11, 2013, 20:53

"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

Last Updated: Saturday, February 9, 2013, 17:28

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

Last Updated: Saturday, February 9, 2013, 15:16

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

Last Updated: Friday, February 8, 2013, 15:18

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.

Savings rate to dip to 30% this fiscal: India Ratings

Last Updated: Thursday, February 7, 2013, 22:02

India Ratings Thursday warned that the national savings rate will slip further to 30 percent or so this fiscal, from 30.8 percent of the GDP last fiscal, if the advance estimates of national income is anything to go by.

IDBI Mutual Fund gets Sebi nod for RGESS

Last Updated: Monday, February 4, 2013, 14:15

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).

'India's savings rate to plunge to 10-year low this fiscal'

Last Updated: Sunday, February 3, 2013, 16:21

The country's savings rate, considered as one of the biggest economic strengths, is set to plunge to a 10-year low of 27 percent by end of this fiscal, Japanese brokerage Nomura has said.

FM to launch Rajiv Gandhi Equity Scheme in Mumbai next month

Last Updated: Sunday, January 27, 2013, 10:26

"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

Last Updated: Wednesday, January 9, 2013, 13:03

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

Last Updated: Sunday, December 16, 2012, 20:05

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

Last Updated: Thursday, December 6, 2012, 23:00

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

Last Updated: Wednesday, November 14, 2012, 19:06

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.