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UTI – Rajiv Gandhi Equity Saving Scheme (UTI - RGESS)

Rating (source: Value Research)

NAV as on 21/03/2016 for

Rs. 13.3900.0809 (0.6%)
  • Overview

  • Performance

  • Portfolio

  • Fund
  • Scheme
  • Load
  • Management
  • Creation Unit/
Investment Objective

The principal investment objective of the scheme is to invest in stocks of companies comprising S&P CNX Nifty and endeavour to achieve return equivalent to Nifty by “passive” investment. The scheme will be managed by replicating the index in the same weightage as in S&P CNX Nifty – Index with the intention of minimising the performance difference between the scheme and the S&P CNX Nifty – Index in capital terms, subject to market liquidity, cost of trading, management expenses and other factors which may cause tracking error. The scheme would alter the scrips /weights as and when the same are altered in the S&P CNX Nifty Index.

The fund would be qualified as a investment option targeting investment under Govt. Notified Rajiv Gandhi Equity Savings Scheme, 2012.

Investment Information
The tenure of the Scheme is three years from the date of allotment.
Close-ended Income Scheme
Plan opens on
Saturday, February 09, 2013
Plan closes on
Friday, March 8, 2013
Offer Price
Rs.10/- per unit
Retail Plan & Direct Plan Options
Growth Option, Dividend Option with Payout.
Fund Managers
Fund Manager 

Mr. Kaushik Basu

Kausik Basu is Executive Vice President & Fund Manager – Equity at UTI AMC Ltd.

Know More
Lock In Period

Required Lock in for Tax Benefits under Sec 80 CCG of Income Tax Act, 1961: Lock in period (for units in respect of which deduction under section 80 CCG has been claimed for any assessmentyear) shall be as per the provision of Sec 80 CCG of the Income Tax Act,1961 read with CBDT notification S.O.2777(E) dated 23rd Nov 2012.


Redemption not permitted before maturity. The units of the scheme will be listed on the stock exchange as may be decided by UTI AMC, after the closure of the New Fund Offer. Investor will be able to enter & exit the fud through transactions in the secondary market within fifteen days of the allotment.The scheme will have a maturity date/ final redemption date. The scheme will compulsorily without any further act by the unit holder (s) be redeemed on the maturity / final redemption date.On maturity / final redemption date of the scheme units under the scheme will be redeemed at the applicable NAV. For redemption made on the maturity date/ final redemption date the AMC does not intend to charge any exit load.

Who Can Invest

The deduction under the Scheme shall be available to a new retail investor who complies with the conditions of the Scheme and whose gross total income for the financial year in which the investment is made under the Scheme is less than or equal to ten lakh rupees.

The new retail investor are the following resident individual,

  1. Any individual who has not opened a demat account and has not made any transaction in derivative segment as on the date of notification of the scheme
  2. Any individual who has opened a demat account before the notification of the scheme but has not made any transaction in the equity segment or the derivative segment till the date of notification of the scheme,
  3. And any individual who is not the first account holder of an existing joint demat account shall be deemed to have not opened a demat account for the purpose of this scheme.

For "other" investor please refer to SID

Tax Angle

This Scheme provides for claiming deduction in the computation of total income of the assessment year relevant to a previous year on account of investment in eligible securities under subsection (1) of section 80CCG of the Income-tax Act,1961.

For details please refer to the SID

Fund Manager - Biography
Fund Manager

Mr. Kaushik Basu

Kausik Basu is Executive Vice President & Fund Manager – Equity at UTI AMC Ltd. He is also responsible for equity research for the Metal & Cement Sector. He is a B.Com graduate from Kolkata (Calcutta) University and holds a graduate degree in law (LLB) from Kolkata (Calcutta) University. He has also completed CS (Int) and CAIIB – Part I. He is also a Member of Cost and Works Accountant of India. Kausik has an overall experience of 26 years including 12 years in the domestic Equity Capital markets. He in his earlier days has worked in the areas of Accounts and Money Market of erstwhile Unit Trust of India. He has worked as Equity Dealer for UTI and UTI AMC for 4 years. He has worked as Assistant Fund Manager for Equity Schemes like UTI- Opportunity Funds, UTI- Wealth Builder Funds, etc as well as the Senior Research Analyst covering sectors like Metal, Cement and Retail.

Download Fund Documents
Load Structure
Entry Load Exit Load
*In terms of 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 effective August 1, 2009.

For Redemptions made on the Maturity Date / Final Redemption Date, the AMC will not charge any Exit Load. Redemption not permitted before maturity.
Our 3 step
online application process
Register at invest@uti to buy funds online.
Fill up the online application form and make payments online.
Print and sign the form and send it with required documents at our nearest office or our executive will come and collect them
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