what is equity oriented mutual fund
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deduction u/s 80CCG
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To promote the Retail Investor to invest in Shares and Mutual Funds, the Govt has introduced the Rajiv Gandhi Equity Saving Scheme (RGESS) which allows a deduction under Section 80CCG for Investment in specified equity shares and Mutual Funds.
Equity Oriented Mutual Fund means the fund in which 65% of total proceeding is invested in equity share.
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