ELSS Calculator
ELSS (Equity Linked Savings Scheme) is the only mutual fund that saves tax: investments up to ₹1.5 lakh a year qualify for 80C deduction, and it has the shortest lock-in of any tax-saving option — just 3 years per instalment.
This calculator shows both sides of the deal: the wealth your SIP builds and the tax it saves. In the 30% slab, a ₹12,500/month ELSS SIP (₹1.5L/year) saves ₹46,800 in tax every year — meaning your ₹1.5 lakh investment effectively costs you just over ₹1 lakh.
Four steps, thirty seconds.
Enter your monthly ELSS SIP. Up to ₹12,500/month uses the full ₹1.5 lakh annual 80C limit.
Set expected return and horizon. ELSS are equity funds — think 10–12% and 5+ years.
Set your tax slab. This drives the 80C saving calculation (only relevant under the old regime).
Read both numbers. Total value shows wealth created; 'tax saved' shows the 80C bonus. Add them for the full picture.
Growth: standard SIP formula, FV = M × [((1+r)n − 1)/r] × (1+r). Tax saved: min(yearly SIP, ₹1,50,000) × slab × years.
Worked example: ₹12,500/month for 5 years at 12% → ≈ ₹10.3 lakh corpus on ₹7.5 lakh invested. In the 30% slab (old regime), 80C saves ₹46,800/year → ₹2.34 lakh total. Effective out-of-pocket: far less than ₹7.5 lakh.
SIP math per AMFI; 80C deduction per Section 80C of the Income-tax Act (₹1.5 lakh limit); equity LTCG rules per Finance Act 2024.
Each SIP instalment is locked for 3 years from its own investment date — not 3 years from when you start. Stop your SIP and the last instalment frees up 3 years later.
ELSS: market-linked ~10–12% potential, 3-year lock-in, taxable gains. PPF: guaranteed 7.1%, 15-year lock-in, tax-free. Young investors with appetite for volatility usually favour ELSS; conservative savers favour PPF.
No — the new regime offers no 80C deduction. ELSS still works as a good equity fund, but the tax-saving angle only applies under the old regime.
Like all equity funds: LTCG at 12.5% on gains above ₹1.25 lakh in a financial year (held 1+ year). The 3-year lock-in means ELSS gains are always long-term.
Yes — only the instalments that completed 3 years are redeemable. Most funds let you redeem free units while the SIP continues.
Disclaimer: Educational illustration only — not financial advice. 80C benefit applies under the old tax regime only. ELSS investments are subject to market risks; read all scheme documents carefully.