ELSS Calculator

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ELSS (equity-linked savings Scheme) is An Equity Mutual Fund that is open-ended and eligible for deductions u/s 80C of the Income Tax Act 1961. These and a few other mutual fund schemes are primarily equity-based, and the rest of the industry is taxed at the source assets class, with a maximum limit of Rs. 1,50,000 per year. By investing in ELSS, you could be avoiding at least Rs. 46,800 annually in taxes.

An ELSS (Equity Linked Savings Scheme) Portfolio is spread across diversified Equity-linked securities from various companies across all market caps and sectors. A portion of the fund is also invested in fixed-income securities. ELSS (Equity Linked savings scheme)- via which one not only gets tax benefits but also the panache of a well-diversified fund

What is the ELSS Calculator?

The ELSS Mutual Fund Calculator is an online tool that helps you determine the value your ELSS investment may hold after a given time based on your input. Investments can be made as a lump sum and through systematic investment plans (SIP). So, the calculator asks for input such as investment amount, frequency (if SIP), estimated returns, and tenure.

When you submit all the required details, the ELSS calculator will show you how much your investment could be worth by the end of the investment period. The calculator can also be helpful if you want to reach your financial goals quickly. It will inform you of the additional amount you need to invest.

How Does the ELSS Calculator Benefit You

ELSS Calculator approach to Future value of Investments The one that automates future maturity value calculation for what you invested, based on inputs you provide, and makes an otherwise complicated procedure easy. It is possible to calculate manually, but it takes years. This tedious task can also be completed quickly with a calculator.

How to Use the ELSS Calculator?

Use the ELSS Calculator online with the following details in the Calculator mentioned above:

In the case of a SIP on

1. 1. Monthly Contribution: You will contribute to the scheme on a monthly basis, starting with Rs. 500 per month.
   2. Tenure: This is the Tenure you should go in for the ELSS scheme of your Tenure. ELSS has a minimum investment tenure of 3 years and is the shortest tax saving scheme.
   3. Interest Rate: ELSS is in sync with the market; you can choose your anticipated or preferred interest rates (returns from the scheme).

In the case of a Lumpsum

1. The Lumpsum:- This is the amount you invest one time into a scheme (lump sum).
2. The Tenure:  You want to be in this for the long haul. The minimum Tenure is 3 years, as simple as that.
3. Rate of Interest: You must write down the interest rate you are thinking of entering. Again, as previously stated, interest rates are closely tied to the equity market.

Once you have filled in the details, you will get your final answer, i.e. (The maturity amount of the scheme ) in a few seconds.

How ELSS Maturity Amount is Calculated?

Here are the formula and procedure for investment in the ELSS scheme

The formula for ELSS Amount Calculation

So, the future value formula to calculate the maturity amount of ELSS will be like:

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

Below is the formula mentioned earlier, and the following example is provided to clarify.

1) ELSS Lumpsum Calculator Example

Mr. Ramesh wishes to pay Rs. 60,000 (Amount to be invested in a Lump sum for 4 years at 15 %, i.e., expected return rate) on his part. As per the inputs Ramesh provided, the investment amount at maturity for which the interest is available is Rs 1 lakh 4,940.

2) ELSS SIP Calculator Example

Mr. Raj wants to invest in a monthly SIP of Rs. 1000 for 3 years, with an expected return of 13% for the year. Mr Raj fills in the figures on the calculator. Mr. A wants to invest Rs. 43,743 and receive maturity according to the inputs Mr. A has given us.

Advantages of Using the ELSS Return Calculator

ELSS is a wonderful tax-saving instrument for investors who are willing to take some risk. It is also one of the best tax-saving options. ELSS is the only tax savings scheme under Section 80C with the lowest lock-in period. The ELSS calculator informs investors about the returns on a particular investment.

Significant Benefits of the ELSS Calculator:

• Easy to compute Maturity Amount from Online and Free Calculator
• The calculator gives you faster and more precise answers.
• Very Basic Calculator with no user technical skill required. The calculator calculates everything by inputting the required data.
• Investors can quickly find maturity value for different investment amounts, compare returns, and invest after finalizing the actual value.
• In short, the investor will see how returns compare between SIP and lump sum.
• It makes the process of calculating forecasted returns more efficient.