ELSS Calculator (India)
Estimate the maturity of your ELSS tax-saving investment. Enter your monthly SIP, the return you expect and the number of years. ELSS qualifies for Section 80C with a 3-year lock-in.
An Equity Linked Savings Scheme (ELSS) is a tax-saving equity mutual fund. It offers a Section 80C deduction of up to ₹1.5 lakh a year (under the old regime) and has the shortest lock-in of any 80C option — just three years. Because it invests in equities, returns are market-linked; this calculator projects a maturity value from your monthly SIP and an assumed rate of return.
How the ELSS maturity is calculated
Each monthly SIP instalment grows at the assumed return for the rest of the period, and the instalments compound together — the standard SIP future-value formula.
where P = monthly SIP, i = return ÷ 12, n = months
| ₹5,000/month at 12% | Maturity |
|---|---|
| After 3 years (lock-in) | ₹2,17,000 (approx) |
| After 10 years | ₹11,61,695 |
| After 15 years | ₹25,22,000 (approx) |
Worked example
₹5,000 a month for 10 years at an assumed 12%: total invested ₹6,00,000, estimated maturity ₹11,61,695, estimated gain ₹5,61,695.
ELSS, 80C and tax on gains
ELSS sits alongside PPF, EPF and life insurance under the ₹1.5 lakh Section 80C cap, but with only a 3-year lock-in versus 15 years for PPF. Long-term capital gains on ELSS above ₹1.25 lakh a year are taxed at 12.5%. The 80C benefit applies under the old tax regime; the new regime does not allow it.