ELSS Calculator — Tax-Saving Mutual Fund SIP Calculator
ELSS (Equity Linked Savings Scheme) gives you Section 80C tax deduction up to ₹1.5 lakh/year with only a 3-year lock-in. Calculate your returns and tax savings.
Tax Benefit: Invest up to ₹1,50,000/year in ELSS and save up to ₹46,800 in tax (at 30% slab). Annual tax saved: ₹18,000
Calculator Inputs
Total Value
Invested Amount₹6.00 L
Est. Returns₹7.10 L
Total Value
₹13.10 L
▲8.13% CAGR
Tax Saved (Annual)₹18,000
Frequently Asked Questions
ELSS (Equity Linked Savings Scheme) is a type of equity mutual fund that qualifies for tax deduction under Section 80C of the Income Tax Act. Investments up to ₹1.5 lakh per year are eligible for deduction. ELSS has the shortest lock-in period (3 years) among all 80C investments.
You can save up to ₹46,800 per year in tax by investing ₹1.5 lakh in ELSS (at 30% tax bracket + cess). At 20% tax bracket, you save up to ₹31,200. ELSS is the only 80C option that combines tax saving with market-linked equity returns.
ELSS funds have a mandatory 3-year lock-in period from the date of each investment. For SIPs, each installment has its own 3-year lock-in. So a 5-year ELSS SIP will have installments unlocking every month starting from the 4th year.
ELSS funds typically invest in equity markets and have historically delivered 12–16% CAGR over 5+ year periods. Returns are market-linked and not guaranteed. Top ELSS funds have given 15–18% CAGR over 10+ years.
ELSS offers higher potential returns (12–15% vs PPF's 7.1%) but with market risk. PPF is 100% safe with guaranteed returns. ELSS has a 3-year lock-in vs PPF's 15 years. For young investors with a long horizon, ELSS typically creates more wealth.