ELSS Tax-Saving Mutual Fund Returns Calculator
ELSS (Equity Linked Savings Scheme) funds offer Section 80C deduction up to Rs 1.5 lakh per year. Investing Rs 1.5 lakh in ELSS saves Rs 46,800 in tax (at 30% bracket) - making the effective investment cost Rs 1,03,200. Historical 5-year CAGR for top ELSS funds: 15-20%.
Total Invested
₹12.00 L
Estimated Returns
₹11.23 L
Total Value
₹23.23 L
Wealth Gained
94%
SIP returns use monthly compounding. Returns are pre-tax estimates. LTCG above ₹1.25L taxed at 12.5% for equity funds.
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Common questions about ELSS Tax-Saving Mutual Fund Returns Calculator
Is ELSS better than PPF for tax saving?
ELSS has a 3-year lock-in vs PPF's 15 years. ELSS returns: 12-18% with risk. PPF returns: 7.1% guaranteed. ELSS gains (LTCG above Rs 1.25 lakh) taxed at 12.5%. PPF is EEE (fully exempt). For a 30% tax bracket investor willing to take equity risk, ELSS often beats PPF on post-tax returns over 5-10 years, but PPF wins on safety and very long horizons.
Can I redeem ELSS before 3 years?
No. ELSS has a mandatory 3-year lock-in per installment. Each SIP installment has its own 3-year lock. If you invest Rs 12,500/month for 12 months, only the January investment can be redeemed after 36 months - the December investment is locked until December of the next year. Plan for a multi-year horizon.
Which ELSS fund is best for 2025?
Consistently top-performing ELSS funds include Mirae Asset Tax Saver, Canara Robeco Equity Tax Saver, and Axis Long Term Equity. Look at 5-year and 10-year rolling returns rather than 1-year returns. Low expense ratio (under 1%) and consistent risk-adjusted performance (Sharpe ratio above 0.8) are the key selection criteria.