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ELSS Calculator
Calculate returns and tax savings from Equity Linked Savings Scheme (ELSS) mutual funds
Total Investment
₹15,00,000
Over 10 years
Maturity Amount
₹27,47,935
After tax
Tax Savings
₹4,50,000
Under Section 80C
Effective Return
10.10%
Annualized
Section 80C Utilization
100.00%Limit: ₹1,50,000 | Used: ₹1,50,000 | Remaining: ₹0
₹
For max 80C benefit: ₹12,500/month
Minimum lock-in period: 3 years
₹
EPF, PPF, Insurance, etc.
ELSS Features
Lock-in Period: 3 years
80C Limit: ₹1.5 Lakh
LTCG Tax: 10% (above ₹1L)
Asset Type: Equity Mutual Funds
Investment Summary
Total Investment: ₹15,00,000
Tax Savings: -₹4,50,000
Effective Investment: ₹10,50,000
Maturity Value: ₹28,75,484
LTCG Tax: -₹1,27,548
Net Returns: ₹27,47,935
Returns Analysis
Absolute Return: 161.71%
Annualized Return: 10.10%
Total Gains: ₹13,75,484
Effective Gains: ₹16,97,935
Lock-in Period
Lock-in Period: 3 years
Withdrawal after: 8/6/2028
Partial Withdrawal: Not Allowed
Switch Option: Not Allowed
Tax Benefits
Investment Deduction: Up to ₹1.5L under 80C
Annual Tax Savings: ₹45,000
Dividend Tax: Tax-free
LTCG Tax: 10% (above ₹1L)
vs Other 80C Options
ELSS (Current)
Return: 10.10%
Lock-in: 3 years
Maturity: ₹27,47,935
PPF
Return: 7.10%
Lock-in: 15 years
Maturity: ₹29,78,420
NSC
Return: 6.80%
Lock-in: 5 years
Maturity: ₹28,96,035
ELSS Pros & Cons
✅ Advantages
- • Shortest lock-in period (3 years)
- • High return potential (12-15%)
- • Tax deduction under 80C
- • Professional fund management
- • Liquidity after 3 years
❌ Disadvantages
- • Market risk and volatility
- • LTCG tax on gains above ₹1L
- • No guaranteed returns
- • Fund management fees
- • Exit load in first year
Investment Tips
- • Start SIP early to maximize compounding
- • Choose funds with consistent performance
- • Don't withdraw immediately after 3 years
- • Diversify across fund houses
- • Review fund performance annually
- • Use step-up SIP to boost returns
Year-wise Projections
| Year | Investment | Value | Gains | Tax Savings |
|---|---|---|---|---|
| 1 | ₹1,50,000 | ₹1,68,000 | ₹18,000 | ₹45,000 |
| 2 | ₹1,50,000 | ₹3,56,160 | ₹56,160 | ₹45,000 |
| 3 | ₹1,50,000 | ₹5,66,899 | ₹1,16,899 | ₹45,000 |
| 4 | ₹1,50,000 | ₹8,02,927 | ₹2,02,927 | ₹45,000 |
| 5 | ₹1,50,000 | ₹10,67,278 | ₹3,17,278 | ₹45,000 |
| 6 | ₹1,50,000 | ₹13,63,352 | ₹4,63,352 | ₹45,000 |
| 7 | ₹1,50,000 | ₹16,94,954 | ₹6,44,954 | ₹45,000 |
| 8 | ₹1,50,000 | ₹20,66,348 | ₹8,66,348 | ₹45,000 |
| 9 | ₹1,50,000 | ₹24,82,310 | ₹11,32,310 | ₹45,000 |
| 10 | ₹1,50,000 | ₹29,48,187 | ₹14,48,187 | ₹45,000 |
Understanding ELSS
What is ELSS?
- • Equity Linked Savings Scheme
- • Tax-saving mutual fund option
- • Minimum 80% equity investment
- • Professional fund management
- • SEBI regulated investment
Tax Benefits
- • Deduction up to ₹1.5L under Section 80C
- • Dividend income is tax-free
- • LTCG tax: 10% above ₹1L gains
- • No TDS on investments
- • Indexation not available
Investment Strategy
- • SIP is better than lumpsum
- • Start early for better compounding
- • Choose diversified ELSS funds
- • Review performance annually
- • Don't redeem immediately after 3 years
Key Considerations
- • Market-linked returns (risk involved)
- • 3-year lock-in period mandatory
- • No premature withdrawal allowed
- • Fund performance varies
- • Expense ratio impacts returns