I. Objectives and legal aspects of RGESS 1. What is RGESS? Rajiv Gandhi Equity Savings Scheme (RGESS), is a tax saving scheme announced in the Union Budget 2012-13 (para 35). The scheme is designed exclusively for the first time retail individual investors in securities market, whose gross total income for the year is less than or […]
Equity Linked Saving Scheme: An Efficient Tax Saving Instrument
What is an Equity Linked Saving Scheme (ELSS)? An Equity Linked saving scheme is a type of mutual fund that helps the investors to save taxes as well as generate decent returns. Though there is a plethora of tax-saving instruments available at the disposal of the investors, none of them is as attractive as the […]