ELSS Calculator

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Equity Linked Savings Scheme (ELSS) Calculator – Maximize Your Tax Savings with Equity Growth 📈💰


Calculate the potential returns and tax benefits of your ELSS investments instantly with Money Compute’s ELSS Calculator! 🎯

ELSS is a popular tax-saving mutual fund scheme that offers the dual benefits of wealth creation through equity investments and tax deductions under Section 80C. Use our calculator to plan your investments, project returns, and optimize your tax savings efficiently. 📊

What Is Equity Linked Savings Scheme (ELSS)? 🤔

ELSS is a type of mutual fund that primarily invests in equity and equity-related instruments. It comes with a mandatory lock-in period of 3 years and qualifies for tax deduction under Section 80C of the Income Tax Act, making it an attractive option for tax-conscious investors seeking long-term wealth growth. 🌱

Why Invest in ELSS? 🌟

  • Potential for higher returns through equity market exposure 📈

  • Tax deductions up to ₹1.5 lakh under Section 80C 🧾

  • Shortest lock-in period among tax-saving instruments (3 years) ⏳

  • Systematic Investment Plan (SIP) option for disciplined investing 💸

  • Professional fund management and diversification benefits 💼

How the ELSS Calculator Works 🧮

Our ELSS Calculator estimates your maturity amount based on:

  • Investment amount (lump sum or monthly SIP) 💰

  • Investment duration (at least 3 years) ⏳

  • Expected annual rate of return (historical average or your estimate) 📊

The calculator applies compounding to project the growth of your investments, helping you visualize wealth creation along with tax benefits.

How to Use Money Compute ELSS Calculator 🚀

    1. Enter your monthly SIP or lump sum investment amount (e.g., ₹5,000/month or ₹50,000 lump sum) 💸

    2. Enter the investment duration in years (minimum 3 years) ⏳

    3. Enter the expected annual rate of return (e.g., 12%) 📈

    4. Get instant results:

      • Projected maturity amount 💵

      • Total invested amount 🧾

      • Estimated wealth gain 📈

      • Tax savings under Section 80C ✅

Example Calculation 📋

If you invest ₹5,000 monthly via SIP for 3 years at 12% annual returns:

  • Total invested: ₹1,80,000

  • Projected maturity: Approximately ₹2,05,000

  • Estimated wealth gain: ₹25,000 🎉

Important Points to Remember About ELSS 💡

  • Lock-in period is fixed at 3 years, during which funds cannot be redeemed 🚫

  • Returns are market-linked and not guaranteed; subject to equity market risks 📉📈

  • Suitable for medium-to-long-term investment goals and tax savings 🎯

  • Dividends and capital gains may be subject to taxes based on prevailing laws 🧾

Common FAQs About ELSS ❓

  • Q1: Can I invest in ELSS via lump sum and SIP?

    • Yes, both investment options are available for flexibility.

  • Q2: Is ELSS safe for beginners?

    • It involves market risks; suitable for investors with moderate risk appetite.

  • Q3: Can I claim ELSS investments under tax deductions every year?

    • Yes, up to ₹1.5 lakh under Section 80C regardless of lump sum or SIP mode.

  • Q4: What happens after the lock-in period?

    • You can redeem or continue investing as per your financial plan.

Start Growing Wealth and Saving Taxes with Money Compute ELSS Calculator! 🚦

Plan your ELSS investments smarter, enjoy tax savings, and watch your wealth grow—try the ELSS Calculator today! 🚀

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