Finance

ELSS Calculator

Calculate ELSS mutual fund returns and tax savings under Section 80C (India).

Monthly SIP Amount (Rs)

Expected Return (%/yr)

Investment Period (years)

Min lock-in: 3 years

Tax Bracket (%)

Formula:
FV = SIP × [{(1+r)^n − 1}/r] × (1+r)
Tax Savings = min(Annual Investment, 1,50,000) × Tax Rate
Lock-in: 3 years (shortest among 80C options)

What is ELSS?

ELSS (Equity Linked Savings Scheme) is a type of mutual fund in India that offers tax deductions under Section 80C up to Rs 1,50,000 per year. It has the shortest lock-in period (3 years) among all 80C investments.