ELSS Calculator

Calculate your tax-saving mutual fund investments

Minimum ₹500
1 to 30 years
1% to 30%
Investment Summary
Total Investment

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Est. Returns

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Maturity Value

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Investment Details & Comparison

Details SIP Investment Lumpsum Investment Difference
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Expected Returns ₹0 ₹0 ₹0
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Absolute Returns 0% 0% 0%
XIRR 0% 0% 0%

Year-wise Growth Comparison

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Year SIP Investment Lumpsum Investment
Investment Interest Earned Total Value Growth % Investment Interest Earned Total Value Growth %

Understanding ELSS Investment

ELSS (Equity Linked Savings Scheme) is a type of mutual fund that invests primarily in equity and equity-related securities. It offers tax benefits under Section 80C of the Income Tax Act, 1961.

Key Benefits

  • Tax deduction up to ₹1,50,000 under Section 80C
  • Shortest lock-in period of 3 years
  • Potential for high returns through equity investments
  • Professional fund management

Investment Strategy

  • Start early to benefit from power of compounding
  • Invest through SIP for better risk management
  • Consider long-term investment horizon
  • Diversify across multiple ELSS funds

How ELSS Works

ELSS funds invest primarily in equity markets, with a focus on generating long-term capital appreciation. The mandatory lock-in period of 3 years helps in wealth creation through the power of compounding.

Important Considerations

  • Risk Factor: ELSS funds are subject to market risks as they invest in equity markets
  • Lock-in Period: Investments cannot be redeemed before 3 years
  • Tax Benefits: Deductions available under Section 80C of Income Tax Act
  • Returns: Historical returns have been between 12-15% annually, but past performance doesn't guarantee future returns