ubject to maximum investment limit of Rs 50,000 under the newly introduced Section 80-CCG of the Income Tax Act,1961

Quick Facts about RGESS
Who can Invest	New Retail Investor
Gross total income requirement of investors	To be less than or equal to Rs. 10 lakhs in the year of investment
Maximum Investment amount available for exemption	Rs.50,000
Eligible Securities	Eligible stocks/Exchange Traded Funds/Mutual fund schemes investing in those eligible stocks
Lock-in Period	3 years (Fixed Lock-in period of 1 year Flexible lock-in period of 2 years)

Under this scheme, a one-time deduction for income tax purposes will be available to a "New Retail Investor" as defined in the notification by the Ministry of Finance, Government of India. The New Retail Investor will be eligible for a deduction on the actual amount invested in 'Eligible Securities' in the first financial year, subject to maximum investment limit of Rs 50,000 under the newly introduced Section 80-CCG of the Income Tax Act,1961.

Quantum Index Fund (QIF, NSE Symbol - QNIFTY) is an Open Ended Fund, listed on the National Stock Exchange of India Limited in the form of an Exchange Traded Fund (ETF) tracking the S&P CNX Nifty Index.

Quantum Index Fund is one of the few funds in the country that invests in RGESS eligible securities, hence qualifying for RGESS today.

The scheme will be managed by replicating the Index in the same weightage as in the S&P CNX Nifty Index with the intention of minimizing the performance differences between the scheme and the S&P CNX Nifty Index in capital terms, subject to market liquidity, costs of trading, management expenses and other factors which may cause tracking error.

Since, Quantum Index Fund, an Open Ended Exchange Traded Fund makes investments in stocks of the S&P CNX Nifty Index which qualify for investments under RGESS, a New Retail Investor who complies with the conditions of the RGESS shall be entitled to the benefits of the RGESS for investments made in QIF.