Year | Principal (A) | Interest (B) | Total Payment (A + B) |
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FV: Future value of the investment
C: Initial investment amount
r: Expected rate of return
t: Tenure
Accurate Financial Planning: One primary reason to use our ELSS calculator is accurate financial planning. By entering your investment amount and expected rate of return, the calculator helps you visualise the future value of your investments. This foresight is essential for planning long-term financial goals, such as retirement or children's education.
Optimised Tax Savings: ELSS investments not only offer the potential for high returns but also provide tax benefits under Section 80C. Our ELSS calculator ensures that you are fully aware of the tax savings and can optimise your investments accordingly.
Easy Comparison of Returns: Different ELSS funds offer varying returns based on their portfolio composition and market performance. Our ELSS calculator allows you to compare the potential returns of various funds, helping you choose the one that best fits your risk appetite and financial goals.
Time-Saving and Convenient: Calculating returns manually can be time-consuming and prone to errors. Our ELSS fund calculator is designed to be intuitive, ensuring even those with minimal financial knowledge can use it effectively. This time-saving tool allows you to focus on making informed investment decisions rather than getting bogged down in complex calculations.
Enter the Investment Amount: Start by inputting the amount you wish to invest in the ELSS fund. This could be a one-time lump sum or a monthly SIP (Systematic Investment Plan).
Select the Investment Tenure: Choose the period for which you plan to stay invested in the ELSS fund. Typically, ELSS funds have a lock-in period of three years, but you can choose to stay invested for a longer duration.
Input the Expected Rate of Return: Enter the expected annual rate of return. This figure can be based on historical data of the chosen fund or your own expectations.
View the Results: Once you’ve entered all the necessary details, our calculator will provide an estimate of your potential returns, including the total corpus at the end of the tenure and the tax savings.
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