Total Value of Your Investment
ELSS Calculator- Equity Linked Savings Scheme Calculator
Saving taxes have become simpler; all you need to do is invest in tax-saving ELSS Mutual Funds. Use our ELSS Calculator to estimate your returns on investments
What is an ELSS Fund?
ELSS mutual funds are open-ended equity mutual funds, also popularly known as a tax-saving mutual fund (MF). The only MF which comes with tax benefits of up to Rs. 1, 50,000 a year. By investing in ELSS, you can save up to Rs 46,800 a year in taxes.
Begin investing in ELSS funds with an amount as low as Rs. 500. You can either invest through the SIP method or invest a lump sum amount as per your convenience.
What is an ELSS Calculator?
An ELSS calculator is a simulation which helps you understand the returns from a potential investment in an ELSS fund. The ELSS calculator requires you to enter the mode of investment i.e. lumpsum or SIP.
The details required to estimate the returns;
Duration of Investment (>= 3 years)
Rate of Return (p.a)
Once the given details are inserted our ELSS calculator will showcase the amount your investment would have accumulated at the end of your investment tenure.
Benefits of an ELSS Calculator?
- It’s free to use and it’s accessible 24x7
- It helps you pan out your investments to meet your monetary goals
- You can freely change the input values to accommodate your financial plans
- You have an option to compare SIP and lumpsum investment returns for the same Mutual Fund Scheme
- It helps you qualify for a tax deduction up to Rs. 1.5 Lakh
- It comes with the shortest lock-in period of 3 years
- Being a market-linked instrument, an ELSS can give higher returns than conventional tax-saving instruments like fixed deposits, PPF, National Savings Certificate (NSC), etc.
How to use an ELSS Calculator?
Use Nuuu ELSS Calculator in three simple steps
- Select the type of ELSS fund between lump sum and SIP
- Enter your preferred investment amount, duration and your expected return rate (The expected rate of return displayed on the ELSS return calculator will differ from the actual rate of return owing to changing market conditions)
- The Nuuu ELSS Calculator will compute the output as your maturity amount
What is the taxation of investing in ELSS?
These funds have a 3 year lock-in period due to which you receive only long-term capital gain. Under, long-term capital gains, in a year, gain of Rs. 1 lakh are exempted from tax payment
Who should invest in ELSS?
Aggressive investors with a high-risk appetite can opt for ELSS Funds. It is also an excellent instrument for investors looking to gain higher returns with tax-saving benefits ELSS funds are for aggressive investors looking with high-risk appetite, excellent instrument for investors looking for tax-saving benefits also here funds are for those investors who are looking to diversify their portfolio
Is demat account required to invest in ELSS?
No, as ELSS is a type of mutual fund a demat account is not required to invest in it
Which is better ELSS or SIP?
ELSS is a scheme, while SIP is a way of investment. One can invest in ELSS funds through SIP or lumpsum route
Is ELSS better than other 80C instruments?
ELSS has the shortest lock-in period of only three years comparing other 80C instruments. Also other 80C instruments are designed to create long-term savings, whereas, with ELSS, you can get better returns in a shorter duration