Funds seek open-ended status for RGESS

Feb 13

Funds seek open-ended status for RGESS

The Rajiv Gandhi Equity Savings Scheme (RGESS), the new tax-saving mutual fund product, could become open-ended and eligibility to invest in these could be relaxed if the finance ministry accepts the sector’s suggestions. Finance Minister P Chidambaram said on Saturday the Union budget could make some announcements to simplify RGESS to attract more retail investors.

 

http://www.business-standard.com/article/markets/funds-seek-open-ended-status-for-rgess-113021101297_1.html

 

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