Four Goldman Sachs Schemes in accordance with RGESS

Goldman Sachs Mutual Fund has announced that its four schemes will be in compliance with the provisions of Rajiv Gandhi Equity Savings Scheme 2012.

December 12, 2012 / 18:47 IST

Goldman Sachs Mutual Fund has announced that its four schemes - Goldman Sachs Nifty Exchange Traded Scheme, Goldman Sachs Nifty Junior Exchange Traded Scheme, Goldman Sachs Banking Index Exchange Traded Scheme, and Goldman Sachs S&P CNX Nifty Shariah Index Exchange Traded Scheme will be in compliance with the provisions of Rajiv Gandhi Equity Savings Scheme 2012 (RGESS) effective from December 11, 2012.

Rajiv Gandhi Equity Saving scheme was introduced in the budget (2012-13) this year by the Finance Minister. This is first of its kind scheme in India which allows the retail investor to invest upto Rs.50, 000 directly into equity shares and avail tax benefit on 50% percent of investment made directly into equity shares.

first published: Dec 12, 2012 06:43 pm

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