SUBSCRIBE NEWSLETTER
  • Change Language
  • English
  • Hindi
  • Marathi
  • Gujarati
  • Punjabi
  • Tamil
  • Telugu
  • Bengali
  • MF News LIC Nomura launches RGESS Series 1

    LIC Nomura launches RGESS Series 1

    The new fund offer (NFO) opened for subscription on February 9, 2013 and closes on February 25, 2013.
    Team Cafemutual Feb 12, 2013

    The new fund offer (NFO) opened for subscription on February 9, 2013 and closes on February 25, 2013.

    LIC Nomura Mutual Fund launched its close ended Rajiv Gandhi Equity Saving Scheme (RGESS) on February 9.

    The New Fund Offer (NFO) will open for subscription on February 9, 2013 and close on February 25, 2013.

    The scheme offers tax benefits under Section 80 CCG, over and above the tax rebate offered under Section 80 C of the IT Act, 1961.Under the scheme, an individual with an income of up to Rs 10 lakhs would get tax incentives for investing up to Rs 50,000.

    “The scheme will encourage flow of saving in financial instruments and improve the participation in domestic capital market and will also provide tax rebate to the investors,” Nilesh Sathe, Director & Chief Executive Officer, LIC Nomura MF.

    The benchmark index for the fund is BSE 100 Index.

    website dating a married woman click here
    Have a query or a doubt?
    Need a clarification or more information on an issue?
    Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

    Click to clap
    Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.
    0 Comment
    Be the first to comment.
    Login or Sign up to post comments.
    More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

    Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.