Eligible securities under RGESS is defined as:
  1. Equity Shares in BSE-100 or CNX 100
  2. Equity Shares of Maharatna, Navratna, Miniratna
  3. Units of eligible ETFs or MFs
  4. Eligible FPOs & NFOs
  5. IPOs of eligible PSUs

List of eligible securities will be made available on the website of the stock exchanges (NSE, BSE).

The security should be RGESS eligible at the time of investment. Such security will be considered for RGESS investment, even if it becomes ineligible at a later date.

If an investor does not comply with the RGESS guidelines, the deduction shall be reversed, and will be considered the income of the assessee and liable to taxation.

The costs like  brokerage charges, securities transaction tax, stamp duty and service tax shall not be included while considering investments of up to Rs 50,000.