ELSS SIP Calculator — Equity-Linked Savings Scheme — FY 2026-27
Calculate ELSS (Equity-Linked Savings Scheme) SIP corpus under Section 80C. ELSS funds have the shortest lock-in (3 years) among all 80C options. Historical return: 11-14% CAGR. Taxation: 12.5% LTCG above ₹1.25 L annual exemption (post Budget 2024). Maximum 80C deduction: ₹1.5 L/yr, so monthly SIP cap = ₹12,500.
SIP inputs
- Final corpus
- ₹62.45 L
- Total invested
- ₹22.50 L
- Total returns
- ₹39.95 L
- CAGR
- 7.04%
Year-by-year build-up
| Year | Invested this year | Cumulative invested | Year-end corpus | Returns to date |
|---|---|---|---|---|
| Year 1 | ₹1,50,000 | ₹1,50,000 | ₹1,58,531 | ₹8,531 |
| Year 2 | ₹1,50,000 | ₹3,00,000 | ₹3,37,168 | ₹37,168 |
| Year 3 | ₹1,50,000 | ₹4,50,000 | ₹5,38,461 | ₹88,461 |
| Year 4 | ₹1,50,000 | ₹6,00,000 | ₹7,65,283 | ₹1,65,283 |
| Year 5 | ₹1,50,000 | ₹7,50,000 | ₹10,20,871 | ₹2,70,871 |
| Year 6 | ₹1,50,000 | ₹9,00,000 | ₹13,08,874 | ₹4,08,874 |
| Year 7 | ₹1,50,000 | ₹10,50,000 | ₹16,33,403 | ₹5,83,403 |
| Year 8 | ₹1,50,000 | ₹12,00,000 | ₹19,99,091 | ₹7,99,091 |
| Year 9 | ₹1,50,000 | ₹13,50,000 | ₹24,11,157 | ₹10,61,157 |
| Year 10 | ₹1,50,000 | ₹15,00,000 | ₹28,75,484 | ₹13,75,484 |
| Year 11 | ₹1,50,000 | ₹16,50,000 | ₹33,98,698 | ₹17,48,698 |
| Year 12 | ₹1,50,000 | ₹18,00,000 | ₹39,88,269 | ₹21,88,269 |
| Year 13 | ₹1,50,000 | ₹19,50,000 | ₹46,52,613 | ₹27,02,613 |
| Year 14 | ₹1,50,000 | ₹21,00,000 | ₹54,01,212 | ₹33,01,212 |
| Year 15 | ₹1,50,000 | ₹22,50,000 | ₹62,44,752 | ₹39,94,752 |
ELSS SIP Calculator — Equity-Linked Savings Scheme — FAQ
What is ELSS?
Equity-Linked Savings Scheme — a mutual fund category that invests primarily (65%+) in equities and qualifies for Section 80C deduction. Mandatory 3-year lock-in on each SIP unit (shortest among 80C options). Returns are market-linked, not guaranteed. Historical 15-year rolling average: 11-14% CAGR across top ELSS funds.
ELSS vs PPF vs FD — which is best for 80C?
For 15+ year horizon: ELSS typically delivers ~2× the post-tax return of PPF or tax-saver FD, but with higher volatility. For 5-10 year: PPF (7.1% tax-free) vs ELSS (12% with 12.5% LTCG ≈ 10.5% post-tax) — close; PPF wins on risk-adjusted basis. Best strategy: split 80C into 60% ELSS + 40% PPF for balance.
What is the ELSS SIP lock-in period?
Each SIP installment has its own 3-year lock-in. So a SIP started Jan 2026: the Jan-2026 unit unlocks Jan-2029, Feb-2026 unit unlocks Feb-2029, and so on. To fully redeem, wait 3 years after your LAST SIP installment. This "rolling lock-in" is milder than PPF's 15-year block.
How much tax do I save with ELSS?
₹1.5 L annual deposit at 30% slab saves ₹46,800 tax (including 4% cess). At 20% slab: ₹31,200. Below basic exemption (no tax): zero savings — ELSS is only useful if you actually pay tax. Monthly SIP of ₹12,500 × 12 = ₹1.5 L full 80C. Don't overshoot ₹1.5 L (extra deposit doesn't give extra 80C benefit).
Is ELSS tax-free at redemption?
No. ELSS is EEEE: Exempt (deposit qualifies for 80C), Exempt (interest-like growth during lock-in), TAXABLE (gains at LTCG). Post Budget 2024: LTCG at 12.5% above ₹1.25 L annual exemption. For ₹20 L corpus over 10 years on ₹1.5 L/yr SIP: gain = ₹5 L → after ₹1.25 L exemption, tax on ₹3.75 L × 12.5% = ₹46,875.
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