ELSS Calculator

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Note: Tax savings are estimated assuming a 30% tax bracket under Section 80C (up to ₹1.5 lakh deduction). Actual savings depend on your tax bracket (e.g., 5%, 20%, or 30%). Returns vary due to market conditions. Consult a financial advisor for personalized advice.

Your Guide to Using Our ELSS Calculator: Benefits and Step-by-Step Instructions

What is ELSS?

An Equity Linked Savings Scheme (ELSS) is a type of mutual fund in India that invests primarily in equities and offers tax benefits under Section 80C of the Income Tax Act. With a minimum lock-in period of 3 years, ELSS funds combine the potential for high returns with tax savings, making them a popular choice for wealth creation and tax planning.

What is an ELSS Calculator?

Our ELSS Calculator is a free, easy-to-use tool that helps you estimate the future value of your ELSS investments, whether you invest a lump sum or through a Systematic Investment Plan (SIP). It also calculates your total returns and potential tax savings (up to ₹46,800 annually for a 30% tax bracket under Section 80C). By inputting your investment amount, tenure, and expected return rate, you can plan your investments effectively.

Benefits of ELSS

  • Tax Savings: Deduct up to ₹1.5 lakh per year under Section 80C, saving up to ₹46,800 in taxes (for the 30% tax bracket).
  • High Return Potential: As ELSS funds invest in equities, they often outperform traditional tax-saving options like fixed deposits over the long term.
  • Short Lock-in Period: A 3-year lock-in is shorter than other tax-saving instruments like PPF (15 years) or NSC (5 years).
  • Flexibility: Choose between lump sum or SIP investments to suit your financial goals.
  • Wealth Creation: Benefit from the power of compounding to grow your wealth over time.

How to Use Our ELSS Calculator

Our ELSS Calculator supports both lump sum and SIP investments. Below, we explain how to use it for each, with step-by-step instructions and examples to guide you.

Using the ELSS Calculator for Lump Sum Investments

A lump sum investment involves investing a single amount at once. Here’s how to calculate your returns:

  1. Select Investment Type: Choose "Lump Sum" from the radio buttons.
  2. Enter Investment Amount: Input the amount you plan to invest (e.g., ₹1,00,000).
  3. Specify Tenure: Enter the investment duration in years (minimum 3 years, e.g., 5 years).
  4. Add Expected Return Rate: Input the expected annual return (e.g., 12% for ELSS funds).
  5. Click Calculate: Press the "Calculate ELSS" button to see your maturity value, total invested, total returns, and estimated tax savings.

Example: Lump Sum Investment

Suppose you invest ₹1,00,000 in an ELSS fund with an expected return of 12% per year for 5 years.

  • Steps:
    1. Select "Lump Sum".
    2. Enter ₹1,00,000 in "Investment Amount".
    3. Enter 12 in "Expected Annual Return Rate".
    4. Enter 5 in "Investment Tenure".
    5. Click "Calculate ELSS Returns".
  • Result:
    • Maturity Value: ~₹1,76,234
    • Total Invested: ₹1,00,000
    • Total Returns: ~₹76,234
    • Tax Savings: ₹30,000 (₹1,00,000 × 30% under Section 80C)

This shows your investment could grow to ₹1.76 lakh in 5 years, with significant tax savings!

Using the ELSS Calculator for SIP Investments

A SIP involves investing a fixed amount monthly, ideal for disciplined investing. Here’s how to calculate:

  1. Select Investment Type: Choose "SIP (Monthly)" from the radio buttons.
  2. Enter Monthly Investment Amount: Input your monthly SIP amount (e.g., ₹5,000).
  3. Specify Tenure: Enter the investment duration in years (minimum 3 years, e.g., 5 years).
  4. Add Expected Return Rate: Input the expected annual return (e.g., 12%).
  5. Click Calculate: Press the "Calculate ELSS" button to view your maturity value, total invested, total returns, and tax savings.

Example: SIP Investment

Suppose you invest ₹5,000 monthly in an ELSS fund with an expected return of 12% per year for 5 years.

  • Steps:
    1. Select "SIP (Monthly)".
    2. Enter ₹5,000 in "Investment Amount".
    3. Enter 12 in "Expected Annual Return Rate".
    4. Enter 5 in "Investment Tenure".
    5. Click "Calculate ELSS Returns".
  • Result:
    • Maturity Value: ~₹4,12,432
    • Total Invested: ₹3,00,000 (₹5,000 × 60 months)
    • Total Returns: ~₹1,12,432
    • Tax Savings: ₹18,000 (₹5,000 × 12 = ₹60,000 × 30% under Section 80C)

Your monthly investments could grow to over ₹4 lakh in 5 years, with tax benefits!

Why Use Our ELSS Calculator?

Our ELSS Calculator is fast, free, and beginner-friendly, helping you:

  • Estimate future wealth for lump sum or SIP investments.
  • Understand tax savings under Section 80C.
  • Plan investments with confidence using realistic projections.

Whether you’re new to ELSS or a seasoned investor, our tool simplifies financial planning.

Thanks for using Our ELSS Calculators, Happy Investing 🙂