ELSS Calculator
Invested Amount
Est. Returns
Total Value
₹24,00,000
₹22,46,782
₹46,46,782
What is ELSS Calculator?
Easily estimate your potential returns and tax savings with our ELSS calculator. This tool helps you plan your investments in Equity Linked Savings Schemes, ensuring you maximize your benefits under Section 80C. Make informed decisions for a secure financial future.
What is ELSS?
The Equity Linked Savings Scheme (ELSS) is a mutual fund category that focuses on equity investments. The main benefit of ELSS is its ability to save taxes under Income Tax Act, 1961 Section 80C. What you should know about ELSS is as follows:
Know major about ELSS
- Tax Benefits: Investments up to INR 1.5 lakh in ELSS are eligible for tax deductions and claim tax deductions up to Rs 1,50,000 a year.
- Lock-in Period: The minimum lock-in period for Equity Linked Savings Scheme (ELSS) mutual funds is three years from the date of investment. that means you cannot withdraw your funds before this period.
- Potential for High Returns: ELSS invests in equities, it has the potential to offer higher returns compared to other tax saving schemes.
- Risk Factor: Compared to fixed income investments, there is a larger risk associated because the returns are depending on market conditions.
What is SIP?
Systematic Investment Plan (SIP) is a method of investing a fixed amount regularly in a mutual fund scheme. SIPs can be applied to various types of mutual funds including ELSS. The power of compounding is one of the key advantage of SIP.
Key features of SIP
- Disciplined Investment: SIP encourages regular and disciplined investment habits, making it easier to build money over time.
- Flexibility: The Securities and Exchange Board of India (SEBI) has set the minimum investment amount for a Systematic Investment Plan (SIP) in India at ₹500 per month, and increase the amount as you see fit
- Rupee Cost Averaging: By investing regularly, you buy more units when prices are low and fewer units when prices are high, which helps average out the cost of investment.
- No Lock-in Period: Most SIPs do not have a lock-in period, offering better liquidity. However, this does not apply to SIPs in ELSS, which still have a three-year lock-in period.
ELSS vs SIP: The Main Differences
| Parameter | ELSS | SIP |
|---|---|---|
| Nature of Investment | A specific type of mutual fund with a focus on equities and tax savings. | A method of investing in mutual funds regularly, can be applied to any mutual fund, including ELSS. |
| Tax Benefits | Offers tax deductions under Section 80C. | No inherent tax benefits unless investing in ELSS. |
| Lock-in Period | Three-year lock-in period | No lock-in period except when investing in ELSS |
| Risk and Returns | Higher risk with the potential for higher returns due to equity investment. | Risk and returns depend on the type of mutual fund chosen. |
| Flexibility | Less flexible due to the lock-in period. | Highly flexible, allows regular investments and withdrawals (except in ELSS SIPs). |
Best ELSS SIP Calculator
Our ELSS SIP calculator helps you calculate the returns on your systematic investment plan in ELSS funds. See how small, regular investments can grow over time and benefit from tax deductions. Start planning your ELSS SIP investments today for long-term gains.
Equity-Linked Savings Schemes Calculator
Use our Equity-Linked Savings Schemes calculator to project your investment growth and tax savings. This tool is designed to help you understand the benefits of investing in ELSS, making it easier to plan your finances and achieve your tax-saving goals.
Best Tax Saving Calculator
Find the best tax saving calculator to estimate your potential savings under various schemes, including ELSS. This comprehensive tool helps you plan your investments efficiently, ensuring you make the most of your tax benefits and secure your financial future.
Best ELSS Calculator
Discover the best ELSS calculator for accurate projections of your investment returns and tax savings. This user-friendly tool helps you plan your investments in Equity Linked Savings Schemes, maximizing your benefits under Section 80C. Start planning today for a better tomorrow.
Top ELSS Calculators
The ELSS Calculator is a online free tool that allows traders to estimate the returns on their investments. this calculator offers a clean way to plot your investments. It is especially beneficial for those who are new to SIPs.
