NISM Exam Prep

ELSS Calculator

Estimate your returns and plan your tax-saving investments with our easy-to-use ELSS calculator.

ELSS Inputs

₹ 10,000
₹ 500₹ 12,500
12 %
1 %25 %
5 Years
3 Years30 Years

ELSS funds have a mandatory lock-in period of 3 years from the date of investment.

Investment Projection

Total Invested

₹6,00,000

Estimated Returns

₹2,24,864

Maturity Value

₹8,24,864

What is an ELSS Calculator?

An ELSS (Equity Linked Savings Scheme) calculator is a financial tool that helps you estimate the future value of your investments in tax-saving mutual funds. By providing details like your investment amount (SIP or lump sum), expected return rate, and investment tenure, the calculator projects your potential returns while helping you plan your Section 80C tax deductions.

How to Use Our ELSS Calculator

  1. Enter the amount you want to invest, either as a monthly SIP or a one-time lump sum.
  2. Input the expected annual rate of return from your ELSS investment.
  3. Specify the duration for which you plan to stay invested in the 'Investment Period (Years)' field.
  4. Click 'Calculate' to see the estimated future value of your ELSS investment and potential wealth gain.

Frequently Asked Questions (FAQs)

What is ELSS?

ELSS, or Equity Linked Savings Scheme, is a type of mutual fund that invests a majority of its corpus in equity and equity-related instruments. It is a popular tax-saving instrument under Section 80C of the Income Tax Act, offering both wealth creation and tax benefits.

What is the lock-in period for ELSS funds?

ELSS funds have a mandatory lock-in period of 3 years, which is the shortest among all tax-saving instruments under Section 80C. You cannot redeem your units before the completion of 3 years from the date of investment.

How much can I invest in ELSS to save tax?

You can claim a tax deduction of up to ₹1.5 lakh per financial year by investing in ELSS funds under Section 80C of the Income Tax Act. While you can invest more than ₹1.5 lakh, the tax benefit is capped at this amount.

Are returns from ELSS taxable?

Yes, the returns from ELSS are subject to Long-Term Capital Gains (LTCG) tax. If your total capital gains from equity and equity-oriented mutual funds exceed ₹1 lakh in a financial year, the excess amount is taxed at 10% without indexation benefits.