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  • ₹1
  • ₹10 L
Years
  • 1 Year
  • 40 Years
%
  • 1%
  • 40%

Total amount invested

10,000

Returns

10,000

Total wealth accumulated

10,000

You will earn ₹1,54,800 on your investment

Equity Linked Savings Scheme (ELSS) is a unique Mutual Fund variant, offering tax benefits under Section 80C of the Income Tax Act. It's a perfect blend of tax saving and wealth creation. By investing in ELSS, you can claim deductions up to Rs 1.5 lakh, potentially saving taxes up to Rs 46,800. What makes ELSS stand out is its potential for high returns, making it a lucrative investment option.

 

  • The ELSS Calculator: A handy tool for investors

An ELSS Calculator is an invaluable online tool for estimating your Mutual Fund investment's future value. It calculates the expected returns for both lump sum and SIP (Systematic Investment Plan) investments. Just input details like the fund name, investment amount and duration, the calculator does the rest, showing you the maturity value, total invested amount and the gains earned.

The gains from ELSS funds are subject to tax. Long-term capital gains up to Rs. 1,00,000 are tax-exempt, with gains above this threshold taxed at 10%. Dividends are added to your income and taxed accordingly.

What makes ELSS stand out?

Tax benefits

Tax benefits

Offers up to Rs. 46,800 tax deduction annually, under Section 80C

240
Diversified portfolio

Diversified portfolio

Invests in equity-linked securities across various sectors

240
Higher potential returns

Higher potential returns

Compared to other tax-saving options like PPF and FD

240
Lowest lock-in period

Lowest lock-in period

Among tax-saving options under Section 80C

240
Flexibility in investment

Flexibility in investment

Option to invest through SIP or a lump sum

240

Using the ELSS Calculator: A step-by-step guide

    How to use the ELSS Calculator?

    Advantages of using the ELSS Calculator

    Tax saving estimation

    Tax saving estimation

    It helps you calculate how much you can save on taxes

    Projection of returns

    Projection of returns

    Assists in making informed decisions about investment amounts and duration

    Scenario analysis

    Scenario analysis

    Estimates potential returns based on different investment amounts or rates of return

    User-friendly

    User-friendly

    Easy to use without needing specialised knowledge

    Insightful

    Insightful

    Offers insights like fund rankings and other key details to aid investment decisions

     

    The ELSS and its calculator are indispensable tools for the modern investor. They not only aid in tax saving but also help in understanding the potential growth of your investments. With the help of an ELSS Calculator, you can make informed decisions, ensuring that your investment aligns with your financial goals. Whether you are a seasoned investor or just starting, the ELSS and its calculator are essential tools to help you in your investment journey.

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