ELSS Calculator
Calculate your Mutual Fund SIP returns.
Total value of investment
₹58,08,477
What is an ELSS?
An equity-linked savings scheme (ELSS) is an open-ended equity mutual fund offering tax benefits up to ₹1,50,000, under Section 80C of the Income Tax Act, 1961. By investing in ELSS, you can save some amount every year in taxes and promote the habit of long-term investment and saving. These funds invest the majority of their assets in diversified equity and equity-related instruments across various sectors. In addition to equity and debt securities, ELSS funds also invest in fixed-income securities. Thus, investors can gain exposure to a diversified portfolio by investing in ELSS. These funds have a short lock-in period, which allows you to withdraw your funds at an earlier time, if any pressing financial goals arise. ELSS funds invest largely in the stock market, so they can potentially earn higher yields than other traditional tax-saving options. However, like all stock market investments, returns are not guaranteed and are subject to market risks.