LIC Nomura Mutual Fund to launch RGESS on February 11
"We are launching the Rajiv Gandhi Equity Savings Scheme (RGESS) on February 11 and will be open till February 25," Chief Executive and Director Nilesh Sathe said.
RGESS, announced in the last Budget, seeks to provide tax benefits to first-time investors in the stock market.
Under the scheme, an individual with an income of up to Rs 10 lakh would get tax incentives for investing up to Rs 50,000.
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