MUTUAL FUNDS SECHEMES COVERED UNDER RGESS (SECTION 80CCG)

As we have earlier informed you that under RGESS(Rajiv Gandhi equity saving scheme) you can claim deduction of 50 % on amount invested in eligible shares ,ETFs and Mutual Funds .The Maximum deduction under new section is 25000/-. We have published step by step guide "How you can invest in RGESS(section 80CCG). Further FAQ on RGESS(80CCG) has already be published . Now we have come up with a List of Open ended and close ended Mutual Fund schemes which are eligible under RGESS.

Following are the RGESS compliant Mutual Fund schemes available for subscription :

RGESS COMPLIANT SCHEMES AVAILABLE FOR SUBSCRIPTION

Open Ended:

You can invest in these Mutual Fund schemes through stock exchange also as this are traded in stock exchanges already

Name of the Mutual Fund Name of the Scheme Birla Sunlife Mutual Fund Birla Sun Life NIFTY ETF Goldman Sachs Mutual Fund GS Junior BeES GS Bank BeES GS S&P Shariah BeES GS Nifty BeES India Infoline Mutual Fund IIFL Nifty ETF Kotak Mahindra Mutual Fund Kotak Nifty ETF Kotak Sensex ETF Motilal Oswal Mutual Fund Motilal Oswal MOSt Shares M50 ETF Quantum Mutual Fund Quantum Index Fund Religare Mutual Fund Religare Nifty Exchange Traded Fund SBI Mutual Fund SBI Sensex ETF

Close Ended:

Name of the Mutual Fund Name of the Scheme Available for Subscription up to DSP BlackRock Mutual Fund DSP BlackRock RGESS Fund 08-Mar-13 IDBI Mutual Fund IDBI Rajiv Gandhi Equity Savings scheme 09-Mar-13 LIC Nomura Mutual Fund LIC Nomura MF - RGESS Fund 25-Feb-13 UTI Mutual Fund UTI Rajiv Gandhi Equity Savings Scheme 08-Mar-13

Mutual Fund	DSP BlackRock Mutual Fund
Scheme Name	DSP BlackRock RGESS Fund – Series 1
Objective of Scheme	The primary investment objective of the Schemes is to seek to generate capital appreciation, from a portfolio that is substantially constituted of equity securities which are specified as eligible securities for Rajiv Gandhi Equity Savings Scheme (RGESS). The Scheme may also invest a certain portion of its corpus in cash & cash equivalent and money market instruments from time to time. There is no assurance that the investment objective of the Scheme will be realized.
Scheme Type	Close Ended
Scheme Category	Growth
New Fund Launch Date	09-Feb-13
New Fund Earliest Closure Date
New Fund Offer Closure Date	08-Mar-13
Indicate Load Separately	Entry Load – NIL Exit Load – Not Applicable (The Units under the Schemes cannot be directly redeemed with the Mutual Fund as the Units will be listed on the Stock Exchange/s.)
Offer Price (Rs.)	Rs. 10/-
Minimum Subscription Amount	Rs. 5,000/- and multiples of Re. 1/- thereafter
For Further Details Please Visit Website	www.dspblackrock.com

Mutual Fund	UTI Mutual Fund
Scheme Name	UTI- Rajiv Gandhi Equity Saving Scheme
Objective of Scheme	UTI– RGESS is close ended passive index fund tracking the S&P CNX Nifty Index. The objective of the scheme is invest in stocks of companies comprising S&P CNX NIFTY and achieve returns equivalent to Nifty by ‘passive’ investment. The scheme will be managed by replicating the index in the same weightage as in S&P CNX Nifty Index. The fund would be qualified as a investment option targeting under Govt. notified Rajiv Gandhi Equity Saving Scheme 2012.
Scheme Type	Close Ended
Scheme Category	Growth
New Fund Launch Date	09-Feb-13
New Fund Earliest Closure Date
New Fund Offer Closure Date	08-Mar-13
Indicate Load Separately	Entry Load - Nil , Exit load - Not Applicable
Offer Price (Rs.)	10
Minimum Subscription Amount	Rs 5000 and thereafter in multiple of Rs 1/-
For Further Details Please Visit Website	www.utimf.com

Mutual Fund	IDBI Mutual Fund
Scheme Name	IDBI Rajiv Gandhi Equity Savings Scheme-Series I
Objective of Scheme	To generate opportuni es for growth while providing income tax benefi ts under Sec on 80CCG of the Income Tax Act 1961 by ac ve management of por olio inves ng predominantly in RGESS eligible equity.
Scheme Type	Close Ended
Scheme Category	Growth
New Fund Launch Date	09-Feb-13
New Fund Earliest Closure Date	09-Mar-13
New Fund Offer Closure Date	09-Mar-13
Indicate Load Separately	Nil
Offer Price (Rs.)	10
Minimum Subscription Amount	5000
For Further Details Please Visit Website	www.idbimutual.co.in

Mutual Fund	LIC NOMURA Mutual Fund
Scheme Name	LIC NOMURA MF RGESS FUND Series 1
Objective of Scheme	The primary investment objective of the Schemes is to seek to generate capital appreciation, from a portfolio that is substantially constituted of equity securities which are specified as eligible securities for Rajiv Gandhi Equity Savings Scheme (RGESS). The Scheme may also invest a certain portion of its corpus in cash & cash equivalent and money market instruments from time to time. There is no assurance that the investment objective of the Scheme will be realized.
Scheme Type	Close Ended
Scheme Category	Growth
New Fund Launch Date	09-Feb-13
New Fund Earliest Closure Date	25-Feb-13
New Fund Offer Closure Date	25-Feb-13
Indicate Load Separately	NIL
Offer Price (Rs.)	10
Minimum Subscription Amount	5000
For Further Details Please Visit Website	www.licnomuramf.com