Monthly SIP Amount (Rs)
5002 Lakhs
Lumpsum Amount (Rs)
10K15 Lakhs
Investment Duration (Years) — min. 3 yr lock-in
330
Expected rate of return (% per annum)
125
Your Income Tax Slab
Amount Invested Total Growth
Total Amount Invested
Rs. 0
Your Future Amount
Rs. 0
Tax Saved (under Section 80C, first year)
Rs. 0
What is an ELSS Calculator?
An ELSS (Equity Linked Savings Scheme) is a diversified equity mutual fund that offers a tax deduction under Section 80C of the Income Tax Act, up to Rs. 1,50,000 per financial year. It comes with a mandatory 3-year lock-in — the shortest lock-in among all 80C tax-saving instruments. This calculator estimates both your investment growth and the tax you save.
You can invest in ELSS either as a lump sum or through a SIP, just like any other equity mutual fund. Because ELSS invests in equities, returns aren’t guaranteed and depend on market performance, unlike fixed-return 80C options like PPF or tax-saving FDs.
How Growth and Tax Savings are Calculated
SIP mode: FV = P × [ ( (1 + r)n − 1 ) / r ] × (1 + r)
Lumpsum mode: FV = P × (1 + annual rate)years
Tax Saved = MIN(Annual Investment, Rs. 1,50,000) × Your Tax Slab
Lumpsum mode: FV = P × (1 + annual rate)years
Tax Saved = MIN(Annual Investment, Rs. 1,50,000) × Your Tax Slab
PMonthly SIP amount, or lumpsum amount, depending on mode
rEffective monthly rate of return, (1 + annual rate)1/12 − 1 (SIP mode only)
Tax Slab: Your applicable income tax bracket (5%, 20%, or 30%)
Note: The tax-saved figure shown is for one financial year, based on the Section 80C cap of Rs. 1,50,000 (which is shared across all your 80C investments, not exclusive to ELSS). If you continue investing every year, you can claim this deduction again each year, up to the same annual cap.
Example: A Rs. 12,500/month ELSS SIP over 5 years at an expected 12% return grows to approximately Rs. 10,13,795, while saving about Rs. 45,000 in tax in the first year alone (at the 30% tax slab, since Rs. 12,500 × 12 = Rs. 1,50,000 fully utilizes the 80C limit).
Frequently Asked Questions
What is an ELSS calculator?
It estimates the future value of investments made in an Equity Linked Savings Scheme (ELSS), a type of mutual fund offering a tax deduction under Section 80C along with a 3-year lock-in period.
How is ELSS future value calculated?
The calculator uses the SIP or lumpsum compounding formula depending on your investment mode, based on the amount invested, tenure, and expected annual return.
What is the lock-in period for ELSS?
ELSS investments have a mandatory lock-in period of 3 years from the date of each investment, the shortest among Section 80C tax-saving options.
Does ELSS guarantee tax-free returns?
No. ELSS offers a tax deduction on the invested amount under Section 80C, but the returns themselves are market-linked and subject to capital gains tax under prevailing rules.
Is the ELSS calculator result guaranteed?
No, it shows an estimate based on an assumed constant rate of return; actual mutual fund returns fluctuate with market performance.