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ELSS Calculator - Equity Linked Savings Scheme
Smart planning of your tax-saving investments—calculate returns on mutual funds in seconds with our ELSS Calculator.
Enter scheme details - view returns - see how your Equity Linked Savings Scheme investment grows!
ELSS Calculator Details
The Equity Linked Savings Scheme is among the most popular tax-saving investment plans in India. It offers deductions under Section 80C and also allows you to grow wealth through equity markets.
However, since ELSS returns are market-linked, predicting the maturity value is not a simple task.
What is an ELSS Calculator?
An ELSS Calculator is a simple online tool that allows you to project the maturity value of your investment in equity-linked savings schemes.
It helps you answer questions like:
- If I invest ₹5,000 monthly in ELSS for 10 years, what will my final return be?
- How much can I save in taxes through ELSS?
With this tool, you can easily calculate returns on mutual funds invested under ELSS.
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How Does the Equity Linked Savings Scheme Calculator Work?
The ELSS return calculator works on the principle of compound growth. Since ELSS is market-linked, it uses an expected rate of return.
Here’s how you use it:
- Enter your SIP or lump sum amount
- Select the investment tenure
- Input an expected annual return rate
The ELSS return calculator will instantly display:
- Total investment
- Estimated returns generated
- Projected maturity amount
The ELSS Calculator Formula
ELSS maturity amount: = FV = C(1+r)^t
Here,
- FV = Future Value
- C = Investment
- r = expected rate of return
- t = time horizon of investment
Manual calculations are time-consuming and prone to errors. That’s where the ELSS Calculator by My Mudra helps.
This online ELSS mutual fund calculator estimates your returns, shows different scenarios, and helps you plan smarter investments.
Benefits of Using an ELSS Calculator Online
Tax Planning
Understand how much you save under Section 80C.
Smart Projections:
Quickly calculate returns on mutual funds invested in ELSS.
Goal-Oriented Investing:
See how ELSS aligns with your long-term goals.
Easy Comparisons:
Use the ELSS mutual fund calculator to compare SIP vs lump sum strategies.
Beginner-Friendly:
Makes equity investing easier with simple projections.
Who Should Use an ELSS Calculator?
The ELSS Calculator is useful for:
- Salaried individuals seeking tax savings and capital growth
- First-time investors in equity mutual funds
- Long-term investors aiming to build a diversified portfolio
- Anyone looking to compare tax-saving instruments like PPF, NSC, or FD
How Accurate Is the ELSS Return Calculator?
ELSS returns are market-driven–the calculator gives approximations and not assurances. The ELSS calculator uses a steady annual rate of return on historical performance, but actual outcomes can fluctuate with market trends.
That said, using an ELSS Calculator is a smart idea to plan and compare options when you wish to calculate mutual fund returns under the equity-linked savings scheme.
FAQs
Who should use an ELSS Calculator?
The ELSS Calculator is useful for investors who are looking to save under Section 80C, first-time equity purchasers, professional salaried individuals building long-term wealth, and anyone looking to compare ELSS with other tax-saving options.
What details do I need to enter on the ELSS calculator?
The ELSS calculator needs the expected interest rate, the investment amount, and the tenure to calculate the returns.
How often should I use the ELSS Calculator?
It is wise to use the ELSS Calculator regularly, especially when starting your investment, reviewing your goals annually, or adjusting your SIP/lump sum contributions.
Can the ELSS Calculator help me with tax planning?
Yes. The ELSS Calculator shows how much of your investment qualifies for deductions under Section 80C, making it a practical tool for both tax planning and wealth creation.
Can My Mudra help me choose a suitable ELSS?
Yes. My Mudra can help you choose an appropriate ELSS fund depending on your financial goals, risk profile, and tax-saving requirements.