#1
9th November 2017, 01:45 PM
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Idbi rgess
Can you provide me the details of the RGESS (Rajiv Gandhi Equity Savings Scheme) offered by IDBI Bank for its share holders?
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#2
9th November 2017, 02:07 PM
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Re: Idbi rgess
The investment objective of the IDBI RGESS Fund Series I Plan A Regular Plan (G) Scheme is to generate opportunities for growth while providing income tax benefits under Section 80CCG of the Income Tax Act 1961 by active management of portfolio investing predominantly in RGESS eligible equity. The Scheme shall be eligible for tax benefit under section 80 CCG of the Income Tax Act. Eligible Investors / Unit holders who shall be entitled to claim the benefit under Rajiv Gandhi Equity Savings Scheme, 2012 (RGESS) for investments made in the said scheme Scheme Details Fund Type Close-Ended Investment Plan Growth Launch date Mar 09, 2013 Benchmark S&P BSE 100 Asset Size (Rs cr) 21.17 (Mar-31-2016) Minimum Investment Rs.5000 Last Dividend N.A Bonus N.A Fund returns v/s Category average (RGESS) 1 mth (%) 3 mth (%) 6 mth (%) 1 yr (%) Fund Returns 1.9 -8.5 -9.1 -12.9 Category avg 3.7 4.1 6.6 10.3 Difference of Fund returns and Category returns -1.8 -12.6 -15.7 -23.2 Best of category 8.8 13.7 22.8 30.5 Worst of category 0.3 -8.6 -13.3 -20.9 Benchmark returns # 4.1 5.7 11.8 17 Difference of Fund returns and Benchmark returns -2.2 -14.2 -20.9 -29.9 |
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