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ELSS Calculator

Our calculator empowers you to estimate ELSS returns and make informed financial decisions.

Monthly Investment

₹ 100
₹ 1,00,00,000

Expected Return Rate (p.a)

1%
30%

Time Period

1 yr
40 yr

Investment Amount

12,00,000

Estimated Returns

11,23,391

Maturity Value

23,23,391

Compound your wealth with SIP in Mutual Funds


*Investing in the securities market carries risk. Please do your own due diligence before investing.

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What is an ELSS Calculator?

Equity Linked Savings Scheme (ELSS) calculator refers to a financial instrument for assessing the projected returns of ELSS mutual fund investments. In particular, these are tax-saving mutual funds that mostly put money into equity and equity-related securities.

Commonly, the calculator needs certain inputs which include the investment amount, anticipated rate of return as well as investment horizon. It then uses these given details to estimate potential corpus and probable savings on taxes.

By showing how much their investments can grow and what tax advantages they may get from them, ELSS calculators enable investors to make informed choices thereby helping in financial planning and goal setting.


What is the Use of ELSS SIP Calculator?

ELSS calculators are tools designed to help investors plan their investments in ELSS mutual funds systematically. Here are some common uses of ELSS SIP calculators:

1. Tax Planning

ELSS calculators help in tax planning by estimating potential tax savings under Section 80C of the Income Tax Act.

By inputting investment amounts, these tools provide insights into the tax benefits one can accrue through ELSS fund investments, aiding in strategic tax optimization and financial planning.


2. Investment Planning

ELSS calculators help in determining the optimal investment amount in ELSS funds to meet financial goals, such as retirement or education expenses.

By inputting desired objectives and timeframes, these tools estimate the required investment to achieve targets, facilitating effective investment planning.

This ensures individuals invest an appropriate amount in ELSS funds aligned with their specific financial aspirations.


3. Return Estimation

The calculator helps investors to know how much they can expect from ELSS funds in terms of growth. Such tools help you make choices about your investments by giving an idea of what could happen based on what has happened before financially and helping you align investment strategies with financial goals.


4. Investment Comparison

You can use ELSS calculators to analyze how much money they will get back from ELSS funds compared to similar tax saving plans such as PPF, NSC or ULIP.

You simply need to key in your investment amounts and the period of time you want to invest for.

This way you can determine which scheme suits them most depending on your financial objectives thus helping you make knowledgeable choices about saving taxes while ensuring growth in investments.


5. SIP Planning

Finally, ELSS calculators aid investors in determining the SIP amount required to achieve specific financial goals.

By inputting desired investment goals and timeframes, these tools calculate the monthly SIP contribution needed, facilitating disciplined and systematic investment in ELSS funds to meet objectives effectively.


How can ELSS Calculator Help You?

An ELSS calculator, or Equity Linked Savings Scheme Systematic Investment Plan calculator, can help you estimate the value of your ELSS mutual fund investment over a specific period. It can also help you estimate returns for both lump sum and SIP investments.

Guide on Using ELSS Calculator

Here are a few steps on how to use an ELSS calculator on Dhan:

  • Input Investment Amount: Enter the amount you're considering investing in ELSS.
  • Choose Investment Duration: Select the duration for which you plan to stay invested.
  • Input Expected Rate of Return: Provide an estimate of the annual return rate you expect from the ELSS.
  • Tax Bracket: Specify your income tax bracket as it affects the tax benefits you'll receive.
  • Calculate: Hit the calculate button to generate results.

Examine the projected returns, tax savings, and final amount post-investment. If necessary, compare the outcomes with other investment options to make an informed decision.


How to use the ELSS Lumpsum Calculator?

To use an ELSS Lumpsum Calculator, you need to enter the following information:

  • Access the Dhan ELSS lumpsum Calculator tool online or through its app.
  • Input the amount you're considering investing in the ELSS fund as a lump sum.
  • Enter the expected rate of return or historical average return of the ELSS fund you're interested in.
  • Specify the investment duration or the number of years you plan to stay invested.
  • The calculator will then compute the potential growth of your investment over the specified period, factoring in compound interest.

How are Returns in ELSS Calculated?

ELSS returns are typically calculated using the XIRR (Extended Internal Rate of Return) formula in Excel. XIRR is a function used to calculate the internal rate of return for a series of cash flows that are not necessarily periodic.

XIRR(values, dates, [guess])

Where:

  • values: This is an array or a range of cells containing the cash flows.
  • dates: This refers to a collection or a set of cells that hold the respective dates for the cash flows.
  • guess (optional): This is an initial guess for the rate of return.

About ELSS Mutual Fund

Equity Linked Savings Schemes (ELSS) are a type of mutual fund that invests primarily in equities. Referred to as tax-saving funds, ELSS schemes provide tax benefits of up to Rs. 150,000 as per Section 80C of the Income Tax Act. They come with a compulsory lock-in period of 3 years.

Some popular ELSS Funds include - 

The returns at the end of the tenure are considered as Long Term Capital Gain (LTCG) and taxed at 10% if above Rs. 1 lakh. They invest in a diversified manner across different market capitalizations and sectors.

ELSS funds are popular for their potential to provide higher returns compared to traditional tax-saving options. They are suitable for investors looking for tax benefits and long-term wealth appreciation.





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