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Equity Linked Savings Schemes (ELSS) have scored over other tax saving options for several reasons.
ELSS offers tax-efficient returns with a lock-in period of just 3 years and tax-free dividends for those who choose the dividend options. Invest in ELSS funds to gain substantial tax-free returns!
Did you know? Investments in ELSS can give you higher returns like equity while saving tax too
Reckoner
Check out the top performing ELSS Schemes with our Ready Reckoner.
Script Name | Value Research Rating | Nav |
1 Year
Return |
3 Year
Return |
5 Year
Return |
Risk | |
---|---|---|---|---|---|---|---|
SBI Magnum COMMA Fund | 35.67 | 35.67% | 35.67% | 35.67% | Moderately High | Purchase | |
Birla Sun Life Equity Fund | 35.67 | 35.67% | 35.67% | 35.67% | High | Purchase | |
SBI Magnum COMMA Fund | 35.67 | 35.67% | 35.67% | 35.67% | Moderately High | Purchase | |
Birla Sun Life Equity Fund | 35.67 | 35.67% | 35.67% | 35.67% | High | Purchase |
Tax Benefits of Equity Linked Savings Schemes (ELSS)
Compare the tax benefits you stand to gain under different income brackets by investing in Equity Linked Savings Schemes (ELSS).
Your Taxable Income |
Amount invested in ELSS under section 80C |
Tax before ELSS investment |
Tax after ELSS investment | Total Savings* | Tax Slab |
---|---|---|---|---|---|
5,00,000 | 1,50,000 | 12,500 | 5,000 | 7,725 | 5% of Income exceeding Rs. 2,50,000 and up to 5,00,000 |
8,00,000 | 1,50,000 | 72,500 | 42,500 | 30,900 | 20% of Income exceeding Rs. 5,00,000 and up to 10,00,000 |
12,00,000 | 1,50,000 | 1,72,500 | 1,27,500 | 46,350 | 30% of Income exceeding Rs. 10,00,000 |
15,00,000 | 1,50,000 | 2,62,500 | 2,17,500 | 46,350 | 30% of Income exceeding Rs. 10,00,000 |
*Education cess of 2% and Higher education cess of 1% is included
MF Return Calculator
Estimate your potential returns from a particular mutual fund based on SIP or lump sum investments made over your preferred time period in ELSS funds .
Fund Name | 1 year |
---|---|
Bank of India Credit Risk Fund - Regular |
241,474.84
143.85% |
NIFTY |
102,754.49
2.79% |
SENSEX |
102,776.63
2.81% |
FD |
0.00
9% |
Fund Name | 3 months | 6 months | 1 year |
---|---|---|---|
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__3AMT__
__3PER__% |
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Learn More
Visit our blog centre to learn more about Equity Linked Savings Scheme and to make informed investment decisions.



ELSS stands for Equity Linked Savings Scheme. These are tax-saving mutual funds that you can use to save income tax up to Rs 1.5 lakh under Section 80C. ELSS funds have a lock-in period of 3 years and invest a majority of their portfolio in the stock market.
Click here to view performing ELSS funds
ELSS funds don’t have guaranted returns because they earn from investments in the equity market. However, the best performing funds have displayed the capability of generating inflation beating returns over the long-term. This is something that fixed income tax saving investments like PPF and FDs cannot do.
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