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ELSS Calculator

Calculate your ELSS (Equity Linked Savings Scheme) SIP returns, tax savings under 80C, and wealth created — India's best tax-saving mutual fund investment.

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What is ELSS?

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ELSS (Equity Linked Savings Scheme) is a type of mutual fund that qualifies for tax deduction up to ₹1.5 lakh per year under Section 80C of the Income Tax Act.

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ELSS has the shortest lock-in period among all 80C investments — just 3 years, compared to 5 years for NSC, 15 years for PPF.

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Historically, top ELSS funds have delivered 12–15% annual returns — higher than PPF (7.1%) and FD (6–7%), though returns are market-linked.

ELSS vs Other 80C Investments

Option Lock-in Returns
🌱 ELSS3 years12–15%*
🏛️ PPF15 years7.1%
🏦 NSC5 years7.7%
🏠 SSY21 years8.2%
💳 Tax FD5 years6–7%

*Market-linked, past performance not a guarantee.

FAQs

Is ELSS better than PPF for tax saving? ▼
For long-term wealth creation, ELSS typically outperforms PPF due to equity returns of 12–15% vs PPF's 7.1%. However, PPF returns are guaranteed while ELSS is market-linked. Best strategy: invest in both based on your risk appetite.
How much tax can I save with ELSS? ▼
Up to ₹1.5 lakh annually under 80C. At 30% tax slab, this saves ₹46,800 per year (including 4% cess). At 20% slab, savings are ₹31,200. Use the calculator above to compute your exact savings.
Can I withdraw ELSS before 3 years? ▼
No. Each SIP instalment is locked for 3 years from its investment date. In lump sum investments, the full amount is locked for 3 years. Early redemption is not permitted under ELSS rules.

ELSS Key Facts

80C Deduction Limit₹1.5 L/yr
Lock-in Period3 Years
Historical Returns12–15%*
LTCG Tax Rate10% above ₹1L
Min SIP Amount₹500/month
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