ELSS calculator

Securing your future while optimising tax savings is a very important step in your financial journey. An Equity-Linked Savings Scheme (ELSS) offers the dual advantage of wealth creation and tax benefits under Section 80C of the Income Tax Act. However, estimating the potential returns from an ELSS can be a time-consuming and lengthy process.
KreditBee’s equity-linked saving scheme calculator is a simple yet powerful tool designed to estimate the returns on your ELSS investments over a specific period. By inputting details like the investment amount, tenure, and expected rate of return, our ELSS fund calculator provides an accurate estimate of your potential gains. This allows you to strategise your investments better, ensuring they align with your financial goals.
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What is ELSS?

An Equity-Linked Savings Scheme (ELSS) is a type of mutual fund that primarily invests in equity and equity-related instruments. What sets ELSS apart from other mutual funds is its tax-saving feature. Investments in ELSS are eligible for tax deductions under Section 80C of the Income Tax Act up to a limit of ₹1.5 lakhs per financial year.
ELSS funds have a lock-in period of three years, the shortest among all tax-saving options under Section 80C. This lock-in period ensures that your investment has time to grow, potentially offering higher returns compared to traditional tax-saving instruments.

How Does KreditBee’s ELSS Calculator Estimate Your Investment’s Maturity Amount?

KreditBee’s calculator estimates the ELSS maturity amount by using a formula that helps predict the future value of your investment based on key factors.
Formula for Calculating ELSS Maturity Amount:
FV=C(1+r)tFV = C(1+r)^tFV=C(1+r)t
Where:

  • FV: Future value of the investment

  • C: Initial investment amount

  • r: Expected rate of return

  • t: Tenure

For example, let’s say you have a lump sum of ₹2 lakhs that you wish to invest in an ELSS fund with an expected rate of return of 15% p.a. over five years. Using the formula above, the maturity amount would be approximately ₹4,02,271 at the end of the investment tenure. Similarly, if you start an SIP of ₹5,000 per month for five years with the same expected return of 15% p.a., the total amount at maturity would be around ₹4,42,873.

Why Use Our ELSS Calculator?

KreditBee’s ELSS calculator can prove to be a useful tool in your financial planning because of the following reasons:

  1. 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.

  2. 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.

  3. 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.

  4. 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.

KreditBee’s ELSS calculator simplifies estimating returns, making it easier to plan your investments.

How to Use KreditBee’s ELSS Calculator?

Using our ELSS calculator is straightforward and user-friendly. Here’s a step-by-step guide:

  1. 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).

  2. 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.

  3. 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.

  4. 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.

KreditBee’s ELSS calculator simplifies estimating returns, making it easier to plan your investments.

Calculate your Benefits With KreditBee

Investing in an Equity Linked Saving Scheme (ELSS) is a smart way to achieve long-term financial goals while enjoying the benefits of tax savings. However, making the most out of your investment requires careful planning and accurate calculation of potential returns.
KreditBee’s ELSS calculator is the perfect tool to help you in this journey, offering a hassle-free and reliable way to calculate ELSS investment returns.

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