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About Keerthika Singaravel
Engineer,Investor,Businessperson

2 Responses to Rajiv Gandhi Equity Savings Scheme, 2012 (RGESS)

  1. dr. c. ravi shankara says:

    sir,
    i have read in another blog that if i invest Rs. 50,000/- Rs. 50,000/- will be deducted from my gross salary. here it is given that Rs. 25,000/- will be deducted from my gross salary. which is correct? i have opened demat account and i am totally new to share market. will you please suggest some progressive companies to invest the sum.

    yours faithfully,

    ravi shankara
    mobile: 09347531460

    • 25,000 is right.
      What precisely do you mean by progressive?
      My first advice is to be clear in your mind about what you want from shares.Do you want shares you can leave to your grandchildren or shares you can sell at a profit in a few years?Do you want low volatility and regular dividend payouts?Or are you most concerned with absolute returns?Then there is the question of your personal financial situation, how much do you need this money and when?Even good shares lose value in case the stock market slides.Do you have the ability to forget about these shares at such times or will you need the money for urgent expenditures?Do you have financial and social commitments which reduce your ability to take risks?Then there is the matter of personal temperament, how much paper loss and real loss can you stomach without losing sleep?
      I don’t have experience of all the shares that qualify for the RGESS but I have held some of them for the best part of a decade and my parents and grandparents have held some of them for decades.So I could tell you about these stocks if you can clarify what you are looking for.

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