Calculate returns from ELSS (Equity Linked Savings Scheme) investments and the tax saved under Section 80C. ELSS has the shortest lock-in among 80C instruments — just 3 years.
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Lump sum before March 31 for the current year's 80C benefit. SIP spreads investment across the year.
Max 80C benefit at ₹1.5L. ELSS historical 10-year returns: 12–15% CAGR.
Higher bracket = more tax saved. At 30%, ₹1.5L investment saves ₹46,800.
ELSS gives dual benefit: Section 80C deduction up to ₹1.5L per year, plus equity-linked growth. At 30% tax bracket, investing ₹1.5L saves ₹46,800 in tax (including 4% cess) immediately.
Equity Linked Savings Scheme — a type of mutual fund with a mandatory 3-year lock-in that qualifies for Section 80C tax deduction. It is the only mutual fund with tax benefits and has the shortest lock-in among all 80C options.
ELSS: 3-year lock-in, market-linked returns (historically 12–15%), Section 80C. PPF: 15-year lock-in, 7.1% assured. NSC: 5-year, 7.7% assured. ELSS offers higher potential returns with shorter lock-in, but no return guarantee.
No. Section 80C deductions (including ELSS) are only available under the old tax regime. Under the new regime, there is no tax benefit for ELSS investments — though you can still invest for the equity growth.
After the 3-year lock-in, each SIP instalment can be redeemed separately (each has its own 3-year clock). You can continue holding or switch to another fund. Gains above ₹1L/year attract 10% LTCG.
ELSS mutual funds have a mandatory 3-year lock-in period — the shortest among all Section 80C investment options. You can claim deductions up to Rs 1.5 lakh per year.