POSTED BY January 5, 2014 9:19 am COMMENTS (2)
ONHi
I have invested in Mutual Funds in this FY; not in stocks. Can I invest through Rajiv Gandhi Equity Savings Scheme (RGESS). I dont hold a demat account. The confusion is whether existing MF investors are eligible or not.
Thanks
Nikhil
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Dear Nikhil, not all MFs are eligible for RGESS. Please check your own funds are there or not under RGESS.
thanks
Ashal
I think existing mutual funds or ETF investments do not make an investor
ineligible for RGESS, unless you have done stock transactions in your DMAt account.
You have to invest afresh in RGESS eligible fund / or ETF and hold them in a demat account.