ELSS SIP Calculator
Calculate ELSS SIP returns and 80C tax savings - best tax-saving equity investment.
Estimated Corpus
₹30.84 L
at 13% for 10yr
Total Invested
₹15.00 L
at 13% for 10yr
Wealth Gained
₹15.84 L
at 13% for 10yr
Adjust to your actual SIP amount and timeline
Future Value
₹30.84 L
Total Invested
₹15.00 L
Wealth Gained
₹15.84 L
Investment Growth Over Time
About ELSS SIP Calculator
ELSS (Equity Linked Savings Scheme) is the only tax-saving instrument under Section 80C that invests in equity markets. It has the shortest lock-in period among all 80C instruments - just 3 years - and has historically delivered 12-15% CAGR over long periods. Unlike PPF (7.1%), NSC (7.7%), or tax-saving FDs (6.5-7%), ELSS offers inflation-beating returns with tax efficiency. The maximum deduction is 1.5L per year, saving 15,000-46,800 in tax depending on your bracket. Monthly SIP of 12,500 exhausts the 1.5L annual limit perfectly.
Other Fund Type SIP Calculators
Frequently Asked Questions
What is ELSS and how does it save tax?▾
ELSS is a type of equity mutual fund that qualifies for tax deduction under Section 80C. Investments up to 1.5 lakh per year are deductible from taxable income. At the 30% tax bracket, this saves up to 46,800 in annual tax (1.5L × 31.2% including cess).
What is the ELSS lock-in period?▾
ELSS has a mandatory 3-year lock-in from the date of each investment. For SIPs, each monthly installment has its own 3-year lock-in. An SIP of 12,500/month started in April 2024 can first be partially withdrawn from April 2027 (only the April 2024 installment).
Is ELSS better than PPF for tax saving?▾
ELSS has delivered 12-15% CAGR historically vs PPF's fixed 7.1%. Over a 10+ year horizon with reinvestment, ELSS creates significantly more wealth. PPF is better for risk-averse investors who prioritize guaranteed returns and complete tax-free maturity (EEE status).
What are the best ELSS funds?▾
Consistent performers include Mirae Asset Tax Saver, Quant Tax Plan, Canara Robeco Equity Tax Saver, and DSP Tax Saver. Compare 5 and 10 year rolling returns, not just 1-year returns, before choosing.
Can I withdraw ELSS gains tax-free?▾
ELSS gains are subject to LTCG tax at 12.5% on gains above 1.25 lakh per year (the same as other equity funds). The Section 80C deduction on the principal investment is separate from the LTCG tax on gains at redemption. Net of both, ELSS typically remains the most tax-efficient 80C option.