ELSS Calculator

SIP
Lumpsum
Monthly investment
Expected return rate (p.a)
%
Time period
Yr
Invested amount
Est. returns
Total value
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Invested amount
Est. returns

The ELSS or equity-linked savings scheme is the open-ended equity mutual fund that offers tax deduction under the base of Section 80C of the Income Tax Act, 1961. The mutual fund schemes here are equity-oriented and the only kind of mutual funds that come with tax benefits of Rs. 1,50,000 a year. While investing in ELSS, you could save Rs. 46,800 an annum in taxes.

The portfolio of an ELSS is spread across equity-linked securities of companies across market cap and sectors. A portion of the portfolio is also invested in fixed-income securities. Investing in ELSS gives you the benefit of exposure to a diversified portfolio.

What is the ELSS Calculator?

The ELSS mutual fund calculator is a simulation that helps you to estimate the value of your ELSS investment over a specific time, depending on the inputs you give. The lumpsum, or SIP ELSS calculator, requires you to enter the model of investment - the amount of investment, frequency of investment if it is a SIP, the expected rates of returns, and the duration of the investment.

When all the details have been entered, the ELSS lumpsum tenure and the calculator will display the amount your investment would have accumulated at the end of the investment and needs together. In the case when you need to achieve your goals sooner, then the ELSS calculator could assist you in estimating the additional amount to be invested.

How Does the ELSS Calculator Help You?

The ELSS Calculator works on the fundamentals of the futuristic value of an investment. The calculator is based on inputs, and it calculates the maturity or future value of an investor. Calculating the future value of the investment may not be a hard task, but it is a time taking procedure. 

The calculator does the same job as one would do manually, just with more simplicity and ease. 

How to Use the ELSS Calculator?

In order to use the ELSS calculator online, you would have to enter the following mentioned details in the calculator:

  • In the case of a SIP on Groww

    1. Monthly Contribution: This is the monthly contribution that you would like to make every month towards the scheme - the contributions beginning from Rs. 500 for a month.
    2. Tenure: This is the tenure that you would want to invest in the ELSS scheme for. The minimum investment tenure for ELSS is 3 years, and it is also known to be the shortest tax-saving investment scheme.
    3. Interest Rate: ELSS is linked to the market, however, you can enter the estimated or preferred interest rates that you would want as returns from the scheme. 
  • In the case of a Lumpsum

  1. The Lumpsum:- This is the lump sum amount that you would invest at the beginning of the scheme.
  2. The Tenure:- This is the tenure that you would want to be invested for. As already mentioned, the minimum tenure is 3 years.
  3. Rate of Interest:- You will have to enter the estimated interest rate you are looking forward to, and as already mentioned - the interest rates are linked to the equity market.

After all of these details are entered, as required - you would be presented with your final result (the maturity amount from the scheme) within seconds.

How to Calculate ELSS Maturity Amount?

Here is the formula and the procedure for the calculation of your investment in the ELSS scheme-

The formula of ELSS Amount Calculation

The future value formula that is used to calculate the ELSS maturity amount is as below:

FV = C(1+r)^t

  • FV = Future Value
  • C = Investment
  • r = expected rate of return
  • t = time horizon of investment

Example of ELSS Funds Calculator

According to the above-mentioned formula, here is an example to better understand.

1) ELSS Lumpsum Calculator Example

Mr Ramesh wants to invest a lump sum amount of Rs. 60,000 for a tenure of 4 years with the interest of 15% (expected return rate). Therefore, he entered these figures into the calculator. The investment amount that Ramesh stands to get at maturity, according to the inputs he had given, is Rs. 1,04,940.

2) ELSS SIP Calculator Example

Mr Raj wants to invest in an every-month SIP of Rs. 1,000 for a tenure of 3 years, with the expected rate of return for the year at 13%. He enters the figures on the calculator. The investment amount that Mr A wants to get a maturity according to the inputs that he has given Rs. 43,743.

Advantages of Using the ELSS Return Calculator

The ELSS investment is one of the best tax-saving options available for the investor who is willing to take some risks. Also - ELSS mutual funds have the lowest lock-in period amongst the other tax-saving schemes under Section 80C. The ELSS calculator primarily assists the investor in determining the returns from an investment. 

Major Benefits of the ELSS Calculator:

  • It is an online and free calculator that assists in the easy computation of the Maturity amount.
  • The calculator will give you faster and the most accurate results.
  • This calculator is simple and does not need any technical skills from the user. Through the input of the needed data, the calculator does all of the computation.
  • Investors could quickly generate the maturity value of various investment amounts, compare the returns, and finalize their investment value.
  • The investor will get to compare the returns between SIP and lumpsum investments.
  • It speeds up the process of calculating the estimated returns. 

 

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