ELSS Calculator
ELSS funds do two things at once: they invest in equity markets for growth, and they qualify for a tax deduction under Section 80C, with the shortest lock-in period, just 3 years, of any option in that category. This calculator projects both your investment growth and the tax you save.
What is an ELSS Calculator?
An ELSS calculator projects the maturity value of an Equity Linked Savings Scheme investment, a type of mutual fund that qualifies for a tax deduction of up to 1.5 lakh rupees per year under Section 80C, while investing predominantly in equities. Its 3 year lock-in is shorter than other 80C options like PPF (15 years) or NSC (5 years), making it a common choice for investors who want both tax saving and market-linked growth.
Tax Saving Decisions Are Rarely Made Fund by Fund
ELSS growth can be modelled using the same lumpsum or SIP compounding formulas used elsewhere on the site (annual or monthly compounding at an assumed equity return rate). The tax-saving side should be modelled separately: the deduction is the lower of the amount invested or 1.5 lakh rupees, applied at the user’s income tax slab rate. On maturity, gains above the 1.25 lakh rupee annual exemption are taxed at 12.5% LTCG, same as other equity mutual funds.
How WealthNest.AI Helps Beyond This Calculator
WealthNest.AI tracks every 80C investment across your family, ELSS, PPF, insurance premiums, in one place, so you can see your household’s total tax-saving position rather than reconstructing it from memory every filing season. Mutual fund distribution through our partner Dwaith Advisory is expected to launch soon, at which point ELSS investing itself may become available directly through the app.
See this alongside every other account your family holds, all in one place. Download the WealthNest.AI app to get started.
Frequently Asked Questions
Find answers to common questions about our insurance services
You can claim a deduction of up to 1.5 lakh rupees per year under Section 80C, and the actual tax saved depends on your income tax slab rate.
3 years from the date of each investment, the shortest lock-in among all Section 80C options, though SIP investments in ELSS lock in each installment separately.
The same as other equity mutual funds: gains above 1.25 lakh rupees in a financial year are taxed at 12.5% as long-term capital gains.
The underlying investment style is similar, mostly equities, but ELSS specifically qualifies for the Section 80C deduction and comes with the mandatory 3 year lock-in that regular equity funds don't have.
Not yet. Mutual fund distribution through our partner Dwaith Advisory is launching soon. For now, WealthNest.AI helps you track and calculate your ELSS position.