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Introduction

What is your taxable income? ₹ 2,00,000
₹ 2 Lakh₹ 50 Lakhs
How much you can invest annually in ELSS? ₹ 0
₹ 0₹ 1.5 Lakhs
Your Payable Tax
₹0
Your Tax after investment
₹0
Your Payable Tax
₹0
Your Tax after investment
₹0
nullYou Saverupee 0
Disclaimer: The calculator alone is not sufficient and shouldn't be used for the development or implementation of an investment strategy. This tool is created to explain basic financial / investment related concepts to investors. The tool is created for helping the investor take an informed decision and is not an investment process in itself. Mutual Fund does not provide guaranteed returns. Investors are advised to seek professional advice from financial, tax and legal advisor before investing.

Benefits of ELSS Funds

Save Tax

The primary benefit of ELSS is tax saving. By investing in ELSS, you can claim annual tax deductions on investments up to Rs.1.5 lakh under Section 80C.

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Save Tax

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Power of Compounding

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Wealth Creation

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No Maximum Period

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SIP Option

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Ease of Investment

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Save Tax

The primary benefit of ELSS is tax saving. By investing in ELSS, you can claim annual tax deductions on investments up to Rs.1.5 lakh under Section 80C.

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Power of Compounding

ELSS investments allow one to leverage the power of compounding owing to the lock-in period.

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Wealth Creation

ELSS offer the scope for wealth creation, considering that the money is invested in equities.

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No Maximum Period

With ELSS, there is no compulsion of redemption after the lock-in period, and you can continue to remain invested for as long as you wish. Investing for the long term helps one leverage investments to their full potential with the objective of generating wealth.

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SIP Option

ELSS comes with the option of SIP. SIP allows one to invest even in small amounts at regular intervals.

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Ease of Investment

One can invest in ELSS with a minimal amount in Lumpsum or SIP. Further, options such as dividend and growth are available with ELSS to suit every investor’s needs.

Why choose equity for long-term wealth creation?

5 Years
Amount Invested
₹6,00,000
Current Value
₹7,83,785
10 Years
Amount Invested
₹12,00,000
Current Value
₹20,50,340
15 Years
Amount Invested
₹18,00,000
Current Value
₹41,86,232
20 Years
Amount Invested
₹24,00,000
Current Value
₹1,03,86,776
Based on a SIP of 10,000 in S&P BSE Sensex on the last day of each month. As on: 31st January 2020. Source: Bloomberg
Past performance may or may not be sustained in future
5 Years
Amount Invested
₹6,00,000
Current Value
₹7,83,785
10 Years
Amount Invested
₹12,00,000
Current Value
₹20,50,340
15 Years
Amount Invested
₹18,00,000
Current Value
₹41,86,232
20 Years
Amount Invested
₹24,00,000
Current Value
₹1,03,86,776
Based on a SIP of 10,000 in S&P BSE Sensex on the last day of each month. As on: 31st January 2020. Source: Bloomberg
Past performance may or may not be sustained in future
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Got Question about ELSS*? we've got the answers!

Why no sochna when it comes to ELSS?

When you invest in ELSS of up to Rs 150000, you can claim taxation deduction of up to Rs.46,800 every year and a chance to create wealth. 


Issiliye sochna kya hai, #ELSSHaiNa. 

What are the benefits of ELSS? Is it different from other mutual fund schemes?

ELSS is like any other open-ended equity fund. It's just that it has a lock-in period of 3 years, which means you can't redeem the investment before 3 years from the allotment date.
Money is invested in equities, which holds the potential to create wealth over a period of time. With ELSS, you can plan long-term financial goals such as your retirement, children's education and their marriage, or anything, with ease. When you invest in ELSS of up to Rs 150000, you can claim taxation deduction of  up to Rs.46,800 every year and a chance to create wealth

Okay, so does ELSS only allow me to save on taxes?

Oh yes! 
Since the money is invested in equities, it has the potential to create wealth over a long-term period.

Markets have their own share of ups and downs! Can you tell me the right time to invest in equity mutual funds?

There is no right or wrong time for investing in equity mutual funds. Don't try to time the market. The sooner you invest, the better!

ELSS has a lock-in period. What's with that?

ELSS has one of the shortest lock-in periods compared to other tax-saving instruments. Just 3 years! 
And it is a good thing. Here's why.

The inherent advantage is that money stays invested.

How do I invest in ELSS? SIP or Lump Sum?

The answer is either.
For example, assuming  you want to invest Rs. 1.5 lakhs in ELSS, you can either do so in one go or else do a SIP of Rs. 12,500 per month to avail tax benefits during a particular financial year.

An SIP is a hassle-free way to invest your money in equity mutual funds. The minimum investment amount in ELSS for SIP or Lumpsum is just Rs. 500.

Err...so are the returns on ELSS taxable?

Remember, ELSS has a lock-in period of three years. Meaning, you will not be able to redeem your units before the completion of three years. Post redemption it will be taxable as Long term capital gain (LTCG). Long-term capital gains (LTCG) up to Rs 1 lakh is  tax-free and  LTCG over Rs 1 lakh is taxable at the rate of 10% without the benefit of indexation.