ELSS Calculator
Equity-Linked Savings Scheme — the only mutual fund with Section 80C benefit. 3-year lock-in, equity-taxation on redemption.
ELSS SIP plan
₹12,500/mo × 12 = ₹1.5L full 80C cap
ELSS has a 3-year lock-in per SIP instalment
How this is calculated
- SIP future value compounded monthly at your expected return.
- Annual tax saving = min(annual investment, ₹1.5L) × your slab rate.
- LTCG of 12.5% on gains above ₹1.25L when redeemed.
- ELSS tax benefit applies only under the old tax regime.
Frequently asked questions
What is ELSS?
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ELSS (Equity Linked Savings Scheme) is an equity mutual fund that qualifies for Section 80C deduction up to ₹1.5 lakh per year (old regime only). It has the shortest lock-in among 80C instruments — just 3 years.
Is ELSS tax-free?
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No. You get a deduction on investment (old regime). On redemption, gains are taxed as equity — LTCG at 12.5% on gains above ₹1.25 lakh per financial year. The 3-year lock-in effectively makes all gains LTCG.
Can I claim 80C under the new regime?
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No. New regime does not allow Section 80C deduction. ELSS still earns market returns, but the tax-saving advantage applies only under the old regime.
Is SIP or lumpsum better for ELSS?
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SIP is usually recommended — rupee-cost averaging smooths entry prices. Each SIP instalment has its own 3-year lock-in from the date of investment.
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