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An ELSS Calculator helps you estimate the returns and tax savings from investing in Equity Linked Savings Schemes — the only mutual fund category eligible for tax deduction under Section 80C of the Income Tax Act.

Use the ELSS calculator above to calculate:

• Your total invested amount over the investment period
• Expected portfolio value at your chosen return rate
• Tax deduction benefit under Section 80C (up to ₹1.5 lakh per year)
• Long-term capital gains tax (LTCG at 10% above ₹1 lakh)
• Your net post-tax returns

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Step 1: Choose SIP Mode or Lumpsum Mode based on how you plan to invest.

Step 2: Enter your monthly SIP amount or lumpsum investment amount in rupees.

Step 3: Set your expected annual return. ELSS funds have historically delivered 12–15% annually over long periods, though past returns do not guarantee future performance.

Step 4: Enter your investment duration. ELSS has a mandatory 3-year lock-in — the minimum duration is 3 years.

Step 5: Select your income tax slab (5%, 20%, or 30%) to calculate your actual tax savings under 80C.

The ELSS calculator instantly shows your portfolio breakdown, year-wise investment tracker, and total tax benefit.

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ELSS — Equity Linked Savings Scheme — is a category of diversified equity mutual funds that qualifies for tax deduction under Section 80C of the Income Tax Act, 1961.

Key features of ELSS:

• Tax deduction of up to ₹1.5 lakh per year under Section 80C
• Shortest lock-in period among all 80C instruments — only 3 years
• Potential for equity-linked returns of 12–15% annually over long periods
• LTCG of 10% on gains above ₹1 lakh per financial year
• Available as both SIP and lumpsum investment

ELSS vs Other 80C Investment Options

ELSS offers the shortest lock-in and highest potential returns among all Section 80C options — making it the preferred choice for investors with a moderate to high risk appetite and a long-term investment horizon.

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ELSS is suitable for:

• Salaried individuals looking to save tax under 80C
• Investors with a minimum 3-year investment horizon
• Those comfortable with equity market volatility
• Anyone wanting higher returns than PPF or tax-saving FDs

ELSS may not be suitable for:

• Investors with very low risk tolerance
• Those needing funds within 3 years
• Retirees or near-retirees dependent on fixed income

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Is ELSS better than PPF for tax saving? ELSS has a shorter lock-in (3 years vs 15 years) and higher potential returns (12–15% vs 7.1%) but comes with market risk. PPF is safer but locks your money for 15 years. For long-term wealth creation with tax savings, ELSS typically wins on returns.

Can I withdraw ELSS before 3 years? No. ELSS units are locked for exactly 3 years from the date of each SIP instalment. In a SIP, each monthly instalment has its own 3-year lock-in from its investment date.

What is the maximum tax benefit from ELSS? You can claim a deduction of up to ₹1.5 lakh per year under Section 80C. If you are in the 30% tax slab, this saves you ₹46,800 in taxes annually (including cess).

Is ELSS return guaranteed? No. ELSS funds invest in equities and returns are market-linked. Historical average returns have been 12–15% annually over 5–10 year periods, but short-term returns can be negative.

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Use our ELSS Calculator above to model your exact investment scenario before making any investment decision. For personalised advice, consult a SEBI-registered financial advisor.

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Also explore:

• SIP Calculator — Calculate Your Mutual Fund Returns
• PPF Calculator — Public Provident Fund Returns
• Start Investing in India — Complete Beginner’s Guide 2026

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Disclaimer: This article is for educational purposes only and does not constitute investment advice. Please consult a SEBI-registered advisor before making investment decisions.

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