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How to Invest in Rajiv Gandhi Equity Savings Scheme under Section 80CCG

Eligible securities: New investment made in the BSE-100 or CNX-100 by the Bombay Stock Exchange and the National Stock Exchange, equity shares of public sector enterprises, Units of Exchange Traded Funds (ETFs), Mutual Fund Scheme those investing into Initial Public Offer of a public sector undertaking wherein the government shareholding is at least fifty-one per cent and Public offer of BSE-100 or CNX-100 & public sector enterprisesInvestment in Top ELSS (Tax Saving/Equity Linked Saving Scheme) Mutual Funds

Eligible Investor: Any individual who has not opened a demat account and has not made any transactions in the derivative segment as on the date of notification of the Scheme and whose gross total income for the financial year in which the investment is made under the Scheme is less than or equal to ten lakh rupees.Check Your Mutual Fund KYC Status using PAN Number

Eligible Amount: The new retail investor may make any amount of investment in the demat account but the amount eligible for deduction, under the Scheme shall not exceed fifty thousand rupees.  Check the List of Best Large Cap Mutual Fund for Investment

Holding Period of Securities: The period of holding for eligible securities shall be three years. First Year of the holding period is fixed lock-in period and the period of two years will be the flexible lock-in period in which retail investor shall be permitted to trade the eligible securities but demat account under the Scheme is compliant for a cumulative period of a minimum of two hundred and seventy days during each of the two years, the demat account shall be considered compliant for the number of days where value of the investment portfolio of eligible securities , within the flexible lock-in period, is equal to or higher than the amount claimed as investment for the purposes of deduction under section 80CCG of the Act 

6 thoughts on “How to Invest in Rajiv Gandhi Equity Savings Scheme under Section 80CCG
  • Monidipa says:

    Can Gold ETFs be considered under this scheme?

  • Vishal Miglani says:

    Dear Concern,

    Please confirm whether this investment will be apart from 80 C benefits. It means now a customer get the tax rebate of 1,25,000 by investing in this scheme ( if he/she is under 10% tax slab ).

    • admin says:

      Vishal Ji, as per the Notification, this deduction will be over and above 80C deduction.
      Eligible Amount: The new retail investor may make any amount of investment in the demat account but the amount eligible for deduction, under the Scheme shall not exceed fifty thousand rupees. Deduction will be of 50% of invested amount.
      And Budget of 2013 has increased the Income Limit to Rs 12 Lakhs from Rs. 10Lakhs

  • sujesh says:

    Hi,
    I had a Demat account and the same is closed few yrs back, so can i avail this scheme now?

    • admin says:

      RGESS is only available to First Time Equity Investors “Eligible Investor: Any individual who has not opened a demat account and has not made any transactions in the derivative segment as on the date of notification of the Scheme and whose gross total income for the financial year in which the investment is made under the Scheme is less than or equal to ten lakh rupees.”

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