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- ₹1
- ₹10 L
- 1 Year
- 40 Years
- 1%
- 40%
Total amount invested
₹10,000
Returns
₹10,000
Total wealth accumulated
₹10,000
Understanding ELSS (Equity Linked Savings Scheme)
Equity Linked Savings Scheme (ELSS) is a unique Mutual Fund variant, offering tax benefits under Section 80C of the Income Tax Act. It's a perfect blend of tax saving and wealth creation. By investing in ELSS, you can claim deductions up to Rs 1.5 lakh, potentially saving taxes up to Rs 46,800. What makes ELSS stand out is its potential for high returns, making it a lucrative investment option.
The ELSS Calculator: A handy tool for investors
An ELSS Calculator is an invaluable online tool for estimating your Mutual Fund investment's future value. It calculates the expected returns for both lump sum and SIP (Systematic Investment Plan) investments. Just input details like the fund name, investment amount and duration, the calculator does the rest, showing you the maturity value, total invested amount and the gains earned.
Taxation of ELSS funds
The gains from ELSS funds are subject to tax. Long-term capital gains up to Rs. 1,00,000 are tax-exempt, with gains above this threshold taxed at 10%. Dividends are added to your income and taxed accordingly.
What makes ELSS stand out?
Offers up to Rs. 46,800 tax deduction annually, under Section 80C
Invests in equity-linked securities across various sectors
Compared to other tax-saving options like PPF and FD
Among tax-saving options under Section 80C
Option to invest through SIP or a lump sum
Using the ELSS Calculator: A step-by-step guide
Advantages of using the ELSS Calculator
Tax saving estimation
It helps you calculate how much you can save on taxes
Projection of returns
Assists in making informed decisions about investment amounts and duration
Scenario analysis
Estimates potential returns based on different investment amounts or rates of return
User-friendly
Easy to use without needing specialised knowledge
Insightful
Offers insights like fund rankings and other key details to aid investment decisions
ELSS Blogs
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What is Lumpsum Investment? A Guide to One-time Investments in Mutual Funds
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What are ESG Funds? Should You Invest in Them?
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What Is The Best Time to Invest in Debt Funds?
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When Should You Start Investing in SIP
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