How does an ELSS calculator work?

Simply provide details of the investment amount, expected rate of return, duration of investment along with frequency of investment (if SIP) and the calculator will give you the total investment, the returns generated and final value of your tax saving investment corpus.

What is the full form of ELSS?

ELSS stands for Equity Linked Savings Schemes. These are equity mutual funds that provide tax saving benefits u/s 80C of the Income Tax Act, 1961.

What is the minimum investment amount for an ELSS?

Most fund houses in India allow you to start investing in ELSS with Rs 500. However, this minimum investment amount is liable to vary from one ELSS fund to another.

What is the lock-in period of ELSS?

ELSS comes with 3-year lock-in period, during which redemption of fund units is not allowed. While you can start redeeming your investments beyond this period, you can also choose to stay invested beyond this 3 year lock-in period.

Home>
Calculators>
ELSS Calculator

ELSS Calculator

ELSS Calculator is a free online tool that helps investors estimate the returns and maturity value of their ELSS (Equity Linked Savings Scheme) investments. You can use this

Monthly Investment

20k

Rate of Return (%)

Investment Period

You Get

Total Amount Invested

₹ 24.00 Lakhs

Returns

₹ 22.47 Lakhs

Maturity amount

₹ 46.47 Lakhs

Payment Break-up

Total Amount InvestedReturns

Years

Investment Amount

Estimated Returns

Maturity Amount

Did you know?

₹10K/month since 2004 = ₹5.3 Cr now tax-free ! Benefited from tax savings under sections 80C & 10(10D) and a 28.67% return from the Mid Cap Momentum index fund over the last 10 years

View plans

Other Popular Calculators

What is an ELSS Calculator?

An ELSS (Equity Linked Savings Scheme) Calculator is a free online financial tool that is designed to help you evaluate the maturity value of your tax saver mutual investments. This tool can be used for estimating either the future value of a one-time lump sum investment or a longer term systematic investment i.e. SIP occurring over a specified period of time. The ELSS calculator provides instantaneous results which ensures time savings for the user and eliminates the need for performing complicated returns and maturity value calculations manually. By using this tool, it is possible for users to make informed decisions regarding tax saving investments made in ELSS funds.

How to use ELSS Calculator?

The ELSS Calculator helps you calculate the estimated returns from your investment towards the ELSS fund depending on the type of investment, i.e. SIP or lump sum.

There can be two variations of an ELSS calculator basis the contribution, as explained below:

ELSS SIP Calculator

SIP (Systematic Investment Plan) is a mode of investing, in which the investor invests a relatively small amount on a regular basis, usually monthly. The ELSS SIP calculator assists you in evaluating your returns on your SIP contributions made into ELSS schemes. To analyse the SIP maturity amount for an ELSS investment, you will be required to provide the following details:

1. Monthly Investment amount – This is the monthly SIP investment you plan to make

2. Expected Rate of Return – This is the return you expect to receive from your ELSS investments.

3. Investment Tenure – This is the period for which you plan to continue your SIP investment

Once you have provided the above inputs the ELSS calculator will instantaneously give you the below output:

1. Total Investment Amount – This is the total investment you have made in the ELSS fund during the SIP tenure.

2. Total Returns – This is the estimated the total returns from the SIP based on the expected rate of return data provided by the user.

3. Maturity Value – This is the sum total of total investment made and total returns calculated on the basis of user inputs

It is worth noting that the output provided the ELSS calculator is based on the inputs provided by the user. So, the results of this calculator should be considered as estimates that one can use to make informed tax saving investment decisions. However, real life performance of an ELSS scheme may not exactly match the results provided by the ELSS calculator.

ELSS Lumpsum Calculator

Under the lumpsum method, you need to invest a lumpsum amount in one go. The ELSS fund also lets you invest through the lumpsum method. If you want to evaluate the maturity amount for an ELSS lumpsum investment, then you will have to provide the following details:

1. Lump Sum Investment Amount: This is the lump sum investment you plan to make into the tax saver ELSS fund

2. Expected Rate of Return: This refers to the returns that the user expects to receive from the ELSS investment

3. Investment Tenure: This is period for which the investor plans to stay invested in the ELSS fund

Based on the above inputs, the ELSS calculator will instantaneously provide output in the form of corpus at maturity and estimated returns from the investment. This tax saver mutual fund calculator is available for free, so you can use it multiple times to try out different combinations and figure out which and figure out which combination of investment amount, expected returns and investment tenure suits your investment goals

Formula of ELSS Calculator with Example

Here is the formula of the ELSS Calculator that is used to calculate the ELSS maturity value. In fact, it is the Future Value formula that is used for ELSS amount calculation.

FV = C(1+r)^t

Where,

FV = Future Value,

C = Initial Investment Amount,

r = Expected rate of return, and

t = Time period of investment.

Let’s take a closer look at the ELSS calculator formula with the following example:

Suppose you make an ELSS investment of a lump sum amount of Rs. 3 lakhs with an expected rate of return of 15% for 5 years. In this case,

FV = 300,000 (1+15/100)^5= 603,407

So, at the end of the investment tenure, you will receive the maturity amount will be Rs. 6,03,407.

Likewise, with an expected rate of return of 15%, if you started an SIP of Rs. 5,000/month for five years, then at the end of the tenure, you would get Rs. 4,48,408.

You can see how easily you can spot the significant contrast between lumpsum and SIP contributions, keeping all the other factors intact. This way, you can also analyse and choose the type of contribution you’d like to make to maximise your tax saving investments.

However, it is an important point to note that the future value of an investment can depend on various factors. The results obtained by this formula are a close estimation but not the absolute numbers, as market linked returns of a tax saver mutual fund cannot be accurately predicted in advance.

Key Benefits of Using ELSS Calculator

Here are some of the key benefits of the ELSS mutual fund calculator:

1. ELSS Calculator is an online easy-to-use tool that helps individuals compute the maturity amount of their tax saving ELSS investments easily.

2. It provides the instantaneous results, saving time for the user.

3. This tool is a simple online tool that only needs a few key data and provides error-free results in an instant. So, the user does not have to manually perform error-prone calculations.

4. Through this calculator, you can also compare the returns between SIP and lumpsum investments.

ELSS Calculator - FAQ's

PCP/ELSSC/280624

Customer Reviews

Axis Max Life Term Plan

“I opted for this term plan fom Axis Max Life basis my past experience with them. All required details were easily avaialble on website. I would rate the overall purchase as 9/10.”

Surinder Singh

We would like to hear from you

Let us know about your experience or any feedback that might help us serve you better in future.

Do you have any thoughts you’d like to share?

Top Calculators

compound_insurance_calc_top_calculator_widget_b4cd912872

Compound Insurance Calculator

emi_calc_top_calculator_widget_56578268b9

EMI Calculator

fd_calc_top_calculator_widget_1cb015ceb2

FD (Fixed Deposit) Calculator

income_tax_calc_top_calculator_widget_b6995a577d

Income Tax Calculator

Why Choose Axis Max Life?

99.65% Claims Paid Percentage

(Source: Individual Death Claim Paid Ratio as per Audited Financials for FY 2023-2024)

304 Offices

(Source: As reported to IRDAI, FY 2023-24)

₹1,779,409 Cr. Sum Assured

In force (individual) (Source: Axis Max Life Public Disclosure, FY 2023-24)

₹150,836 Cr. Assets Managed

(Source: Axis Max Life Public Disclosure, FY 2023-24)

More reasons why our customers choose us

MAIN CATEGORY