Rajiv Gandhi Equity Savings Scheme (RGESS): Eligible Stocks & Mutual Funds List

Rajiv Gandhi Equity Savings Scheme, 2012 (RGESS) is a new tax saving investment scheme announced in the Budget 2012-13.

RGESS – List of eligible Stocks:

Below is the list of stocks eligible for investment under RGESS on virtue of them being included in CNX-100 or BSE-100 Index.

List of eligible Stocks - Click to Open

  1. ABB
  2. ACC Ltd.
  3. Adani Enterprises Ltd.
  4. Adani Ports and Special Economic Zone Ltd.
  5. ADANI POWER
  6. Aditya Birla Nuvo Ltd.
  7. Ambuja Cements Ltd.
  8. Apollo Hospitals Enterprises Ltd.
  9. Ashok Leyland Ltd.
  10. Asian Paints Ltd.
  11. Axis Bank Ltd.
  12. Bajaj Auto Ltd.
  13. Bajaj Holdings & Investment Ltd.
  14. Bank of Baroda (BoB)
  15. Bank of India
  16. Bharat Forge Ltd.
  17. Bharat Heavy Electricals Ltd. (BHEL)
  18. Bharat Petroleum Corporation Ltd. (BPCL)
  19. Bharti Airtel Ltd.
  20. Biocon Ltd.
  21. Bosch Ltd.
  22. Cairn India Ltd.
  23. Canara Bank
  24. Cipla Ltd.
  25. Coal India Ltd.
  26. Colgate Palmolive (India) Ltd.
  27. Container Corporation of India Ltd.
  28. Crompton Greaves Ltd.
  29. Cummins India Ltd.
  30. Dabur India Ltd.
  31. Divi’s Laboratories Ltd.
  32. DLF Ltd.
  33. Dr. Reddy’s Laboratories Ltd.
  34. Exide Industries Ltd.
  35. Federal Bank Ltd.
  36. GAIL (India) Ltd.
  37. GlaxoSmithkline Consumer Healthcare Ltd.
  38. Glaxosmithkline Pharmaceuticals Ltd.
  39. Glenmark Pharmaceuticals Ltd.
  40. GMR Infrastructure Ltd.
  41. Godrej Consumer Products Ltd.
  42. Grasim Industries Ltd.
  43. HCL Technologies Ltd.
  44. HDFC Bank Ltd.
  45. HDIL
  46. Hero MotoCorp Ltd.
  47. Hindalco Industries Ltd.
  48. Hindustan Petroleum Corporation Ltd. (HPCL)
  49. Hindustan Unilever Ltd.
  50. Hindustan Zinc
  51. Housing Development Finance Corporation Ltd. (HDFC)
  52. ICICI Bank Ltd.
  53. IDBI Bank Ltd.
  54. Idea Cellular Ltd.
  55. IDFC Ltd.
  56. Indiabulls Fin
  57. Indian Hotels Co. Ltd.
  58. Indian Oil Corp
  59. IndusInd Bank Ltd.
  60. Infosys Ltd.
  61. ITC Ltd.
  62. Jaiprakash Associates Ltd.
  63. Jindal Steel & Power Ltd.
  64. JSW Steel Ltd.
  65. Kotak Mahindra Bank Ltd.
  66. Larsen & Toubro Ltd. (L&T)
  67. LIC Housing Finance Ltd.
  68. Lupin Ltd.
  69. Mahindra & Mahindra Ltd.
  70. Maruti Suzuki India Ltd.
  71. MphasiS Ltd.
  72. Nestle India
  73. NHPC
  74. NMDC
  75. NTPC Ltd.
  76. Oil & Natural Gas Corporation Ltd. (ONGC)
  77. Oracle Financial Services Software Ltd.
  78. Petronet LNG Ltd.
  79. Power Finance Corporation Ltd.
  80. Power Grid Corporation of India Ltd.
  81. Punjab National Bank (PNB)
  82. Ranbaxy Laboratories Ltd.
  83. Reliance Capital Ltd.
  84. Reliance Communications Ltd.
  85. Reliance Industries Ltd. (RIL)
  86. Reliance Infrastructure Ltd.
  87. Reliance Power Ltd.
  88. Rural Electrification Corporation Ltd. (REC)
  89. Sesa Goa Ltd.
  90. Shriram Transport Finance Co. Ltd.
  91. Siemens Ltd.
  92. State Bank of India (SBI)
  93. Steel Authority of India Ltd. (SAIL)
  94. Sterlite Inds
  95. Sun Pharmaceutical Industries Ltd.
  96. Suzlon Energy
  97. Tata Chemicals Ltd.
  98. Tata Consultancy Services Ltd. (TCS)
  99. Tata Global
  100. Tata Motors Ltd.
  101. Tata Power Co. Ltd.
  102. Tata Steel Ltd.
  103. Tech Mahindra Ltd.
  104. Titan Industries Ltd.
  105. Torrent Power Ltd.
  106. UltraTech Cement Ltd.
  107. Union Bank of India
  108. Unitech
  109. United Phosphorus Ltd.
  110. United Spirits Ltd.
  111. Wipro Ltd.
  112. Yes Bank Ltd.
  113. Zee Entertainment Enterprises Ltd.

Most of listed Maharatna, Navratna or Miniratna are already in the above list.

List of Maharatna Companies - Click to Open

  1. Coal India Ltd.
  2. Indian Oil Corp.Ltd.
  3. NTPC Ltd.
  4. Oil & Natural Gas Corp.Ltd.
  5. Steel Authority Of India Ltd. 

List of Navratna Companies - Click to Open

  1. Bharat Electronics Ltd.
  2. Bharat Heavy Electricals Ltd.
  3. Bharat Petroleum Corp.Ltd.
  4. Gail (India) Ltd.
  5. Hindustan Aeronautics Ltd.
  6. Hindustan Petroleum Corp.Ltd.
  7. Mahanagar Telephone Nigam Ltd.
  8. National Aluminium Co.Ltd.
  9. Neyveli Lignite Corp.Ltd.
  10. NMDC Ltd.
  11. Oil India Ltd.
  12. Power Finance Corp.Ltd.
  13. Power Grid Corp. of India Ltd.
  14. Rashtriya Ispat Nigam Ltd.
  15. Rural Electrification Corp.Ltd.
  16. Shipping Corp. of India Ltd.

 

List of Miniratna Companies - Click to Open

  1. Airports Authority Of India
  2. Antrix Corp.Ltd.
  3. Balmer Lawrie & Co.Ltd.
  4. Beml Ltd.
  5. Bharat Dynamics Ltd.
  6. Bharat Pumps & Compressors Ltd.
  7. Bharat Sanchar Nigam Ltd.
  8. Bridge & Roof Co.(India) Ltd.
  9. Broadcast Engineering Consultants India Ltd.
  10. Central Coalfields Ltd.
  11. Central Mine Planning & Design Institute Ltd.
  12. Central Warehousing Corp.
  13. Chennai Petroleum Corp.Ltd.
  14. Cochin Shipyard Ltd.
  15. Container Corp.Of India Ltd.
  16. Dredging Corp.Of India Ltd.
  17. Edcil (India) Ltd.
  18. Engineering Projects (India) Ltd.
  19. Engineers India Ltd.
  20. Ennore Ports Ltd.
  21. Fci Aravali Gypsum & Minerals India Ltd.
  22. Ferro Scrap Nigam Ltd.
  23. Garden Reach Shipbuilders & Engineers Ltd.
  24. Goa Shipyard Ltd.
  25. Hindustan Copper Ltd.
  26. Hindustan Newsprint Ltd.
  27. Hindustan Paper Corp. Ltd.
  28. Hll Lifecare Ltd.
  29. Hmt (International) Ltd.
  30. Housing & Urban Development Corp.Ltd.
  31. Hscc (India) Ltd.
  32. India Tourism Development Corp.Ltd.
  33. India Trade Promotion Organisation
  34. Indian Medicines Pharmaceutical Corp.Ltd.
  35. Indian Railway Catering & Tourism Corp.Ltd.
  36. Ircon International Ltd.
  37. Kiocl Ltd.
  38. Mahanadi Coalfields Ltd.
  39. Mangalore Refinery & Petrochemicals Ltd.
  40. Mazagon Dock Ltd.
  41. Mecon Ltd.
  42. Mishra Dhatu Nigam Ltd.
  43. Mmtc Ltd.
  44. Moil Ltd.
  45. Mstc Ltd.
  46. National Fertilizers Ltd.
  47. National Film Development Corp. Ltd.
  48. National Seeds Corp.Ltd.
  49. National Small Industries Corp.Ltd.,The
  50. Nhpc Ltd.
  51. Northern Coalfields Ltd.
  52. Numaligarh Refinery Ltd.
  53. Ongc Videsh Ltd.
  54. Pawan Hans Helicopters Ltd.
  55. Pec Ltd.
  56. Projects & Development India Ltd.
  57. Railtel Corp.Of India Ltd.
  58. Rajasthan Electronics & Instruments Ltd.
  59. Rashtriya Chemicals & Fertilizers Ltd.
  60. Rites Ltd.
  61. Security Printing & Minting Corp.Of India Ltd.
  62. Sjvn Ltd.
  63. South Eastern Coalfields Ltd.
  64. State Trading Corp.Of India Ltd.,The
  65. Telecommunications Consultants India Ltd.
  66. Thdc India Ltd.
  67. Wapcos Ltd.
  68. Western Coalfields Ltd.

 

Points to note:

  1. Not all the Maharatna, Navratna or Miniratna are listed as of today. Government may decide to list these unlisted companies in future and then their IPO would also be eligible under RGESS Investment.
  2. The list of Maharatna, Navratna or Miniratna companies can change at a future date. The above list is as of post date.
  3. Stocks under CNX 100 and BSE 100 index also keeps on changing. The above list is as of post date.

You can find the updated list at the following links:

  1. CNX 100 List – Click here
  2. BSE 100 List – Click here
  3. Maharatna Companies List – Click here
  4. Navratna Companies List – Click here
  5. Miniratna Companies List – Click here

RGESS – List of eligible Mutual Funds:

Click here for updated list of Mutual Funds eligible for RGESS (Sec 80CCG)

Mutual Funds and ETFs who only invest in the above mentioned stocks are eligible for investment under Rajiv Gandhi Equity Savings Scheme (RGESS). Below is the list of ETFs which have been notified eligible for RGESS:

  1. Religare Nifty Exchange Traded Fund
  2. Goldman Sachs Nifty Exchange Traded Scheme
  3. Goldman Sachs Nifty Junior Exchange Traded Scheme
  4. Goldman Sachs Banking Index Exchange Traded Scheme
  5. Goldman Sachs S&P CNX Nifty Shariah Index Exchange
  6. Kotak SENSEX ETF
  7. Quantum Index Fund
  8. MOSt Shares M50

More schemes from Mutual Funds are expected to join the list on a future date.

For more information on Rajiv Gandhi Equity Savings Scheme (RGESS) click here.

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7 thoughts on “Rajiv Gandhi Equity Savings Scheme (RGESS): Eligible Stocks & Mutual Funds List

  1. I want to invest in RGESS at earliest. plz guide!

  2. Thanks for sharing the list of eligible stocks & MFs.

    I would like to know
    1.which segment is the best option to invest? (ETF/ Stocks / Mutual Fund)
    2. Is it advisable to invest in parts in all the three?

    • It depends on your risk profile. Stocks are riskier than MFs & ETFs. Also you need expertise to select the right stocks. Assuming that this is your first tryst with stock market I would recommend to go with ETF and/or Mutual funds.

  3. […] had already written about the Rajiv Gandhi Equity Saving Scheme (RGESS) in details and also listed down the stocks and Exchange Traded Funds (ETFs) eligible for investment. But I got many questions regarding how one can invest in RGESS. This […]

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