GK
GOVT SCHEMES POLICIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Corporates
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Post offices
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Individual retail investors
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High net worth individuals
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Detailed explanation-1: -The Scheme is open for all New Retail Investors who have gross total income less than or equal to Rs. 12 lakh. A new retail investor is one: who is a resident individual (the benefit cannot be availed by HUF, corporate entities / trusts etc)
Detailed explanation-2: -Also known as the Rajiv Gandhi Equity Savings Scheme, Section 80CCG focuses on uplifting the domestic capital of the country all the while helping investors save money through deduction in taxation. The deductions offered through this scheme are applicable to an investor’s first equity investment only.
Detailed explanation-3: -Equity saving scheme is a hybrid mutual fund scheme that invests at least 65% of its assets in equity and 10% of its assets in debt securities. According to SEBI regulations, the fund can invest in equity and equity related instruments, debt securities, and arbitrage opportunities using hedging strategies.