ELSS Calculator

Invested amount
₹ 3,000,000

Est. returns
 ₹ 2,808,477

Total value
 ₹ 5,808,477

Monthly Investment

₹ 500
₹ 1 Lakh

Expected return rate(p.a)

1 %
30 %

Time Period

1 Yrs
40 Yrs

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ELSS Calculator

Investing in the ELSS can help to enhance your yields by offering tax exemptions under the Income Tax Act's section 80C. The significant benefit of this scheme is that you can create long-term wealth with a low lock-in period. Moreover, this tax exemption can help to enhance your fund's yields better than a regular equity fund.

To understand the meaning of ELSS funds and how to calculate the worth of your investment using the ELSS calculator, this post will walk you through the uses and advantages of this ELSS mutual fund calculator. You can also learn about the tax exemptions associated with it.

What is an ELSS?

An equity-linked savings scheme or ELSS refers to an equity mutual fund that is open-ended. It offers certain tax exemptions under the 1961 Income Tax Act's section 80C. Being an equity-oriented mutual fund scheme, this is one of the best kinds of mutual funds that provides a significant tax benefit of approximately Rs 1,50,000 in a year. So, if you want to invest in an ELSS scheme, you may expect to save approximately Rs 46,800 in a year in taxes.
An ELSS fund's portfolio remains diversified across the equity-linked company securities across the market sectors and capitalisation. A specific part of this portfolio also remains invested in fixed-income securities. Overall, you can take advantage of a diversified portfolio's exposure when investing in an ELSS fund scheme.

What is the ELSS Calculator?

With the use of the ELSS Calculator, an online tool, you may determine how much your investment in ELSS mutual funds will be worth over a certain time period. You may use it to estimate returns on lump sum and incremental payments. All you need to supply is the name of the fund, the amount you want to invest (lump sum or SIP), and how long you want to invest.

The ELSS Calculator will display the maturity value of your investment, the total amount invested, and any gains made after you have input all the necessary data. If you decide to keep investing for a longer period of time, it also displays you the return on additional years. Additionally, it offers the choice to raise your investment and choose the return accordingly. It aids in your comprehension of how your investment will increase over time and how much you must invest in order to reach your financial objectives.

How Does the ELSS Calculator Help You?

ELSS fund capital gains are subject to taxation. The three-year lock-in period associated with ELSS funds means that you can only earn long-term capital gains. These gains are free from taxes up to Rs 1,000,000 each year. Gains beyond this cap are not subject to indexation benefits and are subject to a 10% tax.

All mutual fund schemes' dividends are subject to traditional taxation. In other words, dividends are taxed at the rate specified by your income tax bracket and added to your total income. Investors received tax-free dividends since corporations had to pay dividend distribution tax (DDT).

How to Use the ELSS Calculator?

An online ELSS calculator acts as a handy tool which helps to calculate the worth of a fund's investment with a few clicks. You will come across different ELSS return calculator online, and you can use them by entering the required details of your fund. Using the online ELSS return calculator is a straightforward process. Here's the process for you:

For a SIP-

  • Monthly Contribution: This is the monthly contribution to the plan that you would want to make each month; donations start at Rs. 500.
  • Tenure: This is the length of time you should invest in the ELSS plan. ELSS, which is the shortest tax-saving investment plan, has a three-year minimum investment duration.
  • Interest Rate: Although ELSS is dependent on the market, you are able to input the projected or desired interest rates you would want to see as scheme returns.

For a Lumpsum-

  • The Lumpsum: This is the initial lump sum that you would invest in the plan.
  • The Tenure: This is the length of time you should invest. The minimum tenure is three years, as was previously stated.
  • Rate of Interest: As previously said, you will need to input the anticipated interest rate you are hoping for. Keep in mind that interest rates are correlated with the performance of the equities market.

Within a few seconds of entering all the necessary information, you will see your final result—the scheme's maturity amount.

How to Calculate ELSS Amount?

You can use the ELSS funds calculator to calculate your investment's worth using this formula:
FV = C(1+r) ^t

FVFuture value of investment
CInitial investment amount
rExpected rate of return

We can understand the calculation of an ELSS fund using the following example:

Let's say you wish to invest a lump sum of Rs. 2 lakhs in an ELSS fund with a five-year projected rate of return of 15%. When the investment term comes to a conclusion, the maturity amount will yield about Rs. 4,02,271.

Likewise, with a five-year SIP that you started with Rs. 5,000 and an anticipated 15% rate of return, you may end up with Rs. 4,42,873 in value.

The findings of this technique should be seen as an estimate rather than a promise, as the future value of an investment might fluctuate based on a variety of circumstances.

ELSS Calculator: SIP

Investment in mutual funds systematically is a great strategy to stay away from any potential hazards associated with stock investment. It has good yields and serves nicely as well. Over a longer period of time, little deposits made at regular intervals provide a respectable return. Investing in mutual funds through a systematic investment plan (SIP) has gained popularity over lump sum investments due to its structured structure. It guarantees a sizable investment corpus where expert managers oversee the money and make infrequent, little investments.

Understanding and estimating the value of your investment at the conclusion of your SIP's duration is essential if you're interested in making an investment in one. A SIP ELSS return calculator that provides you with the returns provided by your SIP, whether it be debt, hybrid, or equity funds, may be used to get this figure. Investors would need to enter information into the ELSS tax benefit calculator, such as the investment amount, SIP tenure, estimated rate of return, and so on. The calculator will provide an anticipated rate of return for your investment based on these details.

For Example:

If you intend to invest Rs 5000 monthly for 12 months with an anticipated rate of return of 15%, the ELSS SIP Calculator can compute the maturity value of your SIP. The cumulative investment over the period will amount to Rs 60,000 (INR 5000 * 12 months), and the maturity value of the SIP is projected to be Rs 65,106. It's important to note that the accuracy of the ELSS tax benefit calculator is contingent on the user-provided inputs.

Therefore, it should be regarded as an approximation rather than an absolute value. Variables such as inflation also play a role in determining the SIP's maturity value, and the ELSS tax saving calculatordoes not account for potential tax benefits. Despite these considerations, this tool remains crucial in obtaining an estimate for your investment.

ELSS Calculator: Lump Sum

Similar to an ELSS calculator, the lump sum calculator assists investors in determining the outcome of a certain amount invested in an ELSS at maturity based on a particular period and interest rate. The ELSS tax saving calculator determines the projected value of the investment by factoring in the previously stated variables. One important thing to consider is the investment's lock-in term, which is often three years or longer. The tax implications of the computation will not be taken into account in the results that you obtain from the ELSS Lump Sum Calculator.

For Example:

If you plan to make a one-time investment of Rs 50,000 for a duration of 60 months at an annualised interest rate of 15%, the calculator will produce a result of Rs 1,00,568.

It is crucial to emphasise that the calculator's outcomes are solely based on the input provided and do not take into account market conditions.

Taxation of ELSS Funds

ELSS fund capital gains are subject to taxation. The three-year lock-in period associated with ELSS funds means that you can only earn long-term capital gains. These gains are free from taxes up to Rs 1,000,000 each year. Gains beyond this cap are not subject to indexation benefits and are subject to a 10% tax.

All the mutual fund schemes' dividends are subject to traditional taxation. In other words, dividends are taxed at the rate specified by your income tax bracket and added to your total income. Investors received tax-free dividends since corporations had to pay dividend distribution tax.

Advantages of ELSS Return Calculator

If an investor is ready to accept some risks, one of the finest tax-saving solutions is the ELSS investment. Additionally, ELSS mutual funds have the shortest lock-in duration of any other Section 80C tax-saving plan. The ELSS calculator mainly helps the investor in figuring out the returns on their investments.

An ELSS calculator's main objective is to assist investors in estimating their investment returns. The advantages of ELSS calculator are as follows

  • Accurate projections: Utilising the ELSS calculator allows investors to derive precise forecasts for the future value of their investments. Taking into consideration factors such as the investment amount, expected rate of return, and investment duration, the calculator offers a realistic estimate of the potential growth.
  • Tax savings estimation: A primary benefit of ELSS investments lies in the tax advantages they provide. The calculator assists investors in gauging the potential amount of tax savings they can attain through ELSS investments, taking into account their income tax bracket and investment amount.
  • Planning investment strategy: The ELSS calculator empowers individuals to plan their investments strategically. By entering various investment amounts and durations, investors can assess how these variables impact projected returns and tax savings. This facilitates informed decision-making regarding the optimal investment amount and duration.
  • Comparing investment options: The ELSS calculator can be utilised to compare various ELSS funds or investment scenarios. By entering different expected rates of return or investment durations, investors can assess and compare potential outcomes, allowing them to choose the option that best aligns with their goals and risk appetite.
  • Time-saving and convenience: The ELSS tax calculator saves time and effort by delivering rapid calculations and projections. Accessible online, investors can conveniently use it as a tool to assess the potential outcomes of their ELSS investments.
  • Financial planning and goal setting: The ELSS calculator supports financial planning by offering insights into the growth potential of ELSS investments. It assists individuals in establishing investment goals, calculating the necessary investment amount, and making adjustments based on their desired future value or targeted tax savings.


An ELSS mutual fund calculator can give you an estimate of the anticipated value of your fund or the required monthly investment to reach a particular target. The historical performance ELSS tax calculator offers insights into the fund's past performance. However, neither ELSS funds calculator should be considered absolute in value, as they do not account for market conditions in their calculations. They serve as tools for investors to gather insights for making informed investment decisions.

ELSS Calculator FAQs

How is the tax calculated for ELSS Mutual Funds?

Equity funds having a three-year lock-in term are known as ELSS funds. Thus, the likelihood of short-term capital gains is non-existent. On earnings beyond Rs 1 lakh, they are nonetheless liable to 10% long-term capital gains (LTCG) tax.

Is ELSS Calculator Accurate?

Mathematically speaking, the ELSS mutual fund calculator is precise. However, because ELSS returns are dependent on the market, they may vary. Therefore, while you're establishing your goals, be cautious of the rate of return.

What is the lock-in period of ELSS?

Three years is the lock-in period for ELSS funds. After the three years have passed, investors are free to take their money out at any moment. They can choose to keep making investments in the fund as well.

How can I invest in an ELSS?

For ELSS funds, lump sum and SIP investment options are available. Due to its benefits, the SIP technique is preferred since ELSS funds are equity-based. You can buy ELSS funds online or via the website of the fund firm. You can also invest offline by going to the fund house's closest branch.

Who should invest in ELSS?

The ELSS fund is intended for investors who wish to increase their exposure to stocks and avoid taxes at the same time. Investors seeking a diverse range of mutual fund investments are likewise the target audience for these products. Like other tax-saving strategies, ELSS is not a good choice for investors looking for guaranteed profits. The returns on ELSS's equity investments are variable and dependent on the market.

What is the amount that someone can invest in a financial year?

The total amount you can invest in a fiscal year has no upper bound. You have unlimited funds to invest, contingent upon your financial objectives and budget. Nonetheless, ELSS investments up to Rs 1,50,000 a year might result in tax savings.

Are ELSS funds risky?

ELSS funds, as their name implies, are invested in stocks, and just like any other mutual fund that is tied to the market, these funds are also vulnerable to market hazards. But, by making long-term contributions to the fund, you will be able to reduce this risk.