ELSS Calculator

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ELSS Calculator
Monthly SIP Amount (₹)
Rate of Interest (% p.a.)
Time period (In years)
Tax Saving
Total Investment
Total Interest 

What is an ELSS Calculator?

An Equity Linked Savings Scheme (ELSS) fund calculator is an online tool to help investors calculate the maturity value of their investments in ELSS funds. Online ELSS calculators assist investors in calculating potential profits and tax savings on their ELSS investments along with their maturity value.

ELSS i.e. Equity Linked Savings Scheme is a tax-saving product designed to provide investors with an opportunity to participate in the stock markets through mutual funds along with availing tax benefits. ELSS calculator helps investors make informed decisions on the amount to be invested in ELSS funds to maximize their tax savings while staying aligned with their financial goals.

An Equity Linked Savings Scheme (ELSS) is a type of mutual fund investment scheme in India that primarily invests in equities and related securities. ELSS funds are known for their dual benefit of potentially offering capital appreciation through equity investments and providing tax benefits up to Rs 46,800 under Section 80C of the Indian Income Tax Act. ELSS funds have a mandatory lock-in period of three years. ELSS funds are popular among investors looking for tax-saving investment options with the potential for long-term wealth creation. An online ELSS return calculator makes the task of determining the investment amount, understanding the potential tax savings, and visualizing the final value of ELSS investment easier for investors.

How does an ELSS Calculator work?

An ELSS tax Calculator works by using a formula to estimate the future value of your ELSS investment and the potential tax benefits linked under Section 80C of the Income Tax Act. An online ELSS Calculator helps investors plan investments effectively, understand potential returns, and assess tax benefits linked with ELSS investments.

Motilal Oswal’s newly updated ELSS return Calculator helps you get an estimate of your investments in the future by doing complex calculations at an instance. This is how the calculator works:-

To get an estimate on your ELSS investments, you are required to provide the following input data:

  • Your monthly investment or your one-time investment – This means the amount that you plan to invest in the ELSS fund.
  • The tenure of your investment – This indicates the number of years for which you intend to hold on to your ELSS investment.
  • Expected Rate of Return – Your estimate of the annualized rate of return you expect to earn from the ELSS fund.
  • ELSS tax benefit – Calculator helps investors plan their investments effectively, understand potential returns, and assess the tax benefits associated with ELSS investments, which makes it a valuable tool for tax planning and investment strategy in the long run.

Let’s simplify this with an example

Suppose you plan to invest ₹1,00,000 lumpsum in an ELSS Mutual Fund scheme with an annual expected return of 12% for 3 years. You want to calculate the maturity amount of this investment using the formula:

Maturity Amount = P × (1 + r)^n

P - (Initial Investment): ₹ 1,00,000

r - (Annual Interest Rate): 12% or 0.12

n - (Investment Duration): 3 years

Substituting these values in the formula, we get -

Future Value (FV) = ₹1,00,000 × (1 + 0.12)^3

Maturity amount ≈ ₹1,40,493

So, the maturity amount of your Lumpsum ELSS investment of ₹100,000 at 12% returns for 3 years would be approximately ₹1,40,493.

Consider a second example, where you would like to invest ₹5,000 in an ELSS Mutual Fund scheme by contributing monthly. In this case, we will use the following formula -

M = P × ({[1 + r]^n – 1} / r) × (1 + r)


P = 5,000

r = 12% or 0.12

n = 3 years,

We get

M = P × ({[1 + r]^n – 1} / r) × (1 + r)

M = 5,000 x ({[1+0.12]^3-1/0.12) x (1+0.12)

M = 2,17,538

So, the maturity amount on your SIP ELSS Fund for a monthly investment of ₹5,000 at a return of 12% for 3 years would be approximately ₹2,17,538.

What are the key advantages of using an online ELSS Calculator?

Using an online ELSS Calculator offers several key advantages for investors, such as financial and tax planning, goal setting, risk assessment, etc. Through an online ELSS Calculator, investors can get an estimate of their returns made through lumpsum or SIP investments.

While there are multiple advantages of using an ELSS funds Calculator, we have jotted down some important ones, such as:

  • Tax Planning- ELSS calculators help investors plan their tax-saving investments effectively. They calculate the potential tax savings by estimating the deduction under Section 80C of the Income Tax Act, based on the ELSS investment amount. To know more about how you can save on taxes through investments in ELSS schemes, read our blog here
  • Goal-Based Investing- ELSS calculators allow investors to set specific financial goals, such as saving for a child's education, buying a house, or retirement planning. They help investors calculate the required ELSS investment to achieve these goals.
  • Risk Assessment- By considering past ELSS returns and market performance, these calculators assist investors in assessing the risks and potential rewards associated with ELSS investments. Investors can make informed decisions based on their risk tolerance.
  • Maturity Value- Investors can estimate the maturity value of their ELSS investments, which is helpful for long-term planning. The calculator shows the potential corpus that can be accumulated over the investment period.
  • Regular Monitoring- ELSS calculators can be used to track the progress of ELSS investments over time. Investors can input updated investment amounts and assess whether they are on track to achieve their goals.

How to use an ELSS calculator effectively?

Using an ELSS return calculator, you can compare the maturity value of various tax saving options and make informed decisions in line with your financial goals. To use an ELSS calculator, all you need to do is provide basic inputs like monthly or lumpsum investment amount, duration, and expected rate of return.

Below are the tips to make the maximum use of ELSS fund calculators:

  • Input Accurate Data- Providing accurate details like your investment amount, expected rate of return, and investment duration will make the results more reliable. You should have realistic expectations of returns from ELSS which can be in the range of 12% to 16% on a conservative side.
  • Understand Tax Benefits- ELSS investments offer tax benefits under Section 80C up to Rs. 46,800. Use the calculator to estimate your tax savings for a given financial year based on your investment amount and adjust your investments accordingly. The maximum investment amount you can claim tax benefits on is Rs. 1.5 Lakhs.
  • Compare Tax-Saving Options- Use the ELSS calculator to check the difference between the maturity value of ELSS investments and other tax-saving options like Fixed Deposits, NSCs, Provident funds, etc.
  • Check Lock-in Period- ELSS has a lock-in period of 3 years. Make sure that your goals are not immediate if you are investing in an ELSS fund.
  • Consult Financial Advisor- While the calculator provides an estimate, it's always good to consult a financial advisor for personalized advice. They can help you align the calculator's output with your financial goals.

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