|Nature of Scheme
||A Close Ended Equity Scheme investing in Eligible Securities as per Rajiv Gandhi Equity Savings Scheme, 2012
||To generate long term capital appreciation from a portfolio of Eligible Securities as specified in Rajiv Gandhi Equity Savings Scheme. There is no assurance that the investment objective of the Scheme will be realized.
|New Fund Offer of Series 1 Opens On
||February 18, 2013
|New Fund Offer of Series 1 Closes On
||March 15, 2013
|Term/Duration of the Series under the Scheme
||The Scheme offers 4 series having a term/duration of 3 years from the date of allotment of Units.
|Plan / Option
||The respective Series under the Scheme offer Regular Plan and Direct Plan. Regular Plan is for investors who wish to route their investment through any distributor. Direct Plan is for investors who wish to invest directly with the Fund without routing the investment through any distributor.
Both Regular Plan and Direct Plan offer Growth Option and Dividend Payout Option.
|Entry Load (as a % of the Applicable NAV)
Pursuant to SEBI circular no. SEBI/IMD/ CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor. Upfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors' assessment of various factors including the service rendered by the ARN Holder.
(as a % of the Applicable NAV)
The Units under the respective Series cannot be directly redeemed with the Fund before the Maturity/ Final Redemption date as the Units are listed on the stock exchange(s).
|Minimum Application Amount
||The Minimum amount for application (Purchase / Switch-in) during the NFO period of the respective Series is Rs. 500 and in multiple of Rs. 10 thereafter.
||Units held under the Scheme by the Unit holders and as declared/designated for availing tax benefits shall be subject to lock-in-periods viz. fixed lock-in and flexible lock-in as specified under the notified Rajiv Gandhi Equity Savings Scheme, 2012. The fixed lock-in-period shall commence from the date of purchase of such Units in the relevant financial year and end one year from the date of purchase of the last set of Units of the Scheme (in the same financial year) on which deduction is claimed under the RGESS.
The flexible lock-in period will be of two years beginning immediately after the end of the fixed lock-in period.
The Depositories will be required to ensure the enforcement of the lock-in on Units under the Scheme.
| NAV Disclosure
||Every Business Day.
|Name of the Fund Manager
||Mr. Srinivas Rao Ravuri
||The Units of the Scheme are proposed to be listed on Capital Market Segment of the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE).
An investor can subscribe (buy) / redeem (sell) Units on a continuous basis on the stock exchange(s) on which the Units are listed during the trading hours on all the trading days.
Please refer to NSE and BSE Disclaimer clauses mentioned in the Scheme Information Document.
||BSE 100 Index
|Tax Benefit under Section 80CCG
||As per Section 80CCG of the Income-tax Act, 1961, investments made by ‘New Retail Investor’ in this Scheme will qualify for a 50% deduction of the actual amount invested from the taxable income of the financial year. The maximum investment permissible for claiming deduction in a financial year is Rs. 50,000.
The Unit holders who wish to avail tax deduction under HRGESS shall be required to purchase/subscribe as well as hold the units under demat mode only.
Click here for further details
|Scheme Information Document
||Please Click here for Scheme Information Document
|Key Information Document
||Please Click here for Key Information Document