Download the ABCD app
Unlock Financial Tools, Investment Insights, And Expert Guidance – All In One Convenient App !
Visit Our ABCD Page
PLAY STORE
APPSTORE
1800 270 7000
Download
Popular Searches
Trending Plans
Health Insurance
Housing Finance
Life Insurance
Mutual Funds
Personal Insurance
SME Finance
Stock & Securities
Home LoanFind customised home loan solutions for your unique needs
Balance TransferFind a better interest rate for your existing home loan
Top up Home LoanGet a loan on your existing home loan to meet your needs
Loan Against PropertyTurn your assets into a financial ally
Personal LoanMeet all your dreams and needs with a collateral-free Personal Loan
Flexi LoanMake loan repayment flexible and hassle-free with Flexi Loans
Instant Personal LoanGet quick funds with Aditya Birla Capital Instant Personal Loan
Long Term Personal LoanEnjoy affordable repayments and a flexible tenure with Aditya Birla Capital
Personal Loan EligibilityCheck your Aditya Birla Capital Personal Loan eligibility
Personal Loan Interest RatesEnjoy low personal loan interest rates for affordable repayments
Personal Loan Eligibility Calculator
Are you eligible for a Personal Loan? Find out now!
Calculate Now
Debt FundsDiversify your portfolio and reduce risk with Debt Funds
Equity FundsInvest smartly in Equity Funds to aim for higher returns
Hybrid FundsDiversify your portfolio and reduce your risk with a mix of equity and debt
Retirement FundsGoal-oriented fund with a lock-in period to create a corpus for retirement
Children’s FundsSecure your child’s financial future with solutions-oriented children’s funds
Exchange Traded FundsUnlock a smart, hassle-free way to invest in various assets
Fund Of FundsChoose the smart way to diversify risks and grow investments
Index FundsFollow the benchmark of smart investors to grow your wealth
Mutual Fund Lumpsum Calculator
Calculate wealth creation through lumpsum investment in Mutual Funds
Calculate Now
Equity TradingInvest or trade in equity for attractive returns and long-term capital growth
Margin Trading FacilityGet up to 5X leverage on leading stocks & increase your trading power
BondsGive your portfolio stability with attractive returns
Open A Demat AccountOPEN DEMAT ACCOUNT
Start trading in equities and other securities. Grow your wealth with our Demat account.
Attractive returns
Term InsuranceBring security and peace to life’s unpredictability
Retirement PlansGet a guaranteed regular pension plus lump sum on plan maturity
Savings PlansGet a guaranteed regular pension plus lump sum on plan maturity
ULIP PlansGet the benefits of insurance & wealth creation in one convenient plan
Human Life Value Calculator
Find out how much life insurance you need with our Human Life calculator
Calculate Now
Eye InsuranceProtect your vision with comprehensive eye insurance.
Dental InsuranceProtect your smile with comprehensive dental insurance and coverage plans tailored for you.
Hospicash InsuranceGet financial support with our hospital cash insurance for unexpected medical expenses.
Mental Health & Nutrition InsuranceGet the best mental health insurance online with ABCD Aditya Birla Capital today!
Personal Accident InsuranceSecure your future with our affordable personal accident insurance plans.
Life Insurance
Health Insurance
Mutual Fund
Home Finance
Personal Finance
Stocks & Securities
ELSS Mutual Funds
- Average returns - Dynamic
- Number of funds - (Static)
What is an ELSS Mutual Fund??
Short for Equity-Linked Saving Schemes, ELSS mutual funds are open-ended equity funds which qualify for deduction under Section 80C up to Rs.1.5 lakhs and come with a lock-in period of 3 years.
Advantages of ELSS Mutual Funds
Tax saving
The amount invested is allowed as a tax deduction under Section 80C up to Rs.1.5 lakhs. You can save up to Rs.45,000 in taxes if you are in the 30% tax bracket.
Long-term growth
With a lock-in period of 3 years, you can stay invested in the equity market and get good returns on investments, tiding over short-term volatility.
Professional fund management
ELSS mutual funds are actively managed schemes wherein the fund managers try to mitigate risks and enhance returns.
Explore ELSS Mutual Funds
AUM: 23427(Cr)
Risk: Very High
- MIN. INVESTMENT 500
- 5 YRS RETURNS 33.32%
- Invest (Per Month) ₹10000
- Get (30 Yrs) ₹24,850*
*Projections/estimations is backtested using historical data.
- AUM: 23427(Cr)
- Risk: High
- MIN. INVESTMENT 1000
- 5 YRS RETURNS 33.32%
- Invest (Per Month) ₹15000
- Get (30 Yrs) ₹34,850*
*Projections/estimations is backtested using historical data.
ELSS Mutual Funds Returns Calculator
REGULAR INVESTMENT
SIP
Invest systematically in regular amounts and build a corpus with a disciplined investing habit.
ONE TIME INVESTMENT
Lump sum
Invest once with the facility of lump sum investing and save at your will. Time the market correctly and earn good returns.
Total Amount Invested
₹ 0
after 30 years you will get a return of
₹ 0
Disclaimer: Projections/estimations is backtested using historical data.
Total Amount Invested
₹ 0
after 30 years you will get a return of
₹ 0
Disclaimer: Projections/estimations is backtested using historical data.
ABCD - One app to build a diversified investment portfolio
Invest in mutual funds online with the ABCD app and build your portfolio one click at a time.
-
A choice of different types of mutual fund schemes -
Online investments with a fully integrated digital platform
-
Facility to switch, redeem and invest more from a single platform
PLAY STORE
APP STORE
Scan the QR code to download our Mobile App
Understanding ELSS Mutual Funds
Table of Contents
What are ELSS mutual funds?
-
ELSS mutual funds are equity-oriented schemes with an added tax benefit. They invest a minimum of 80% of their portfolio in equity and equity-related securities and have a lock-in period of 3 years from the investment date.
What are the features of ELSS mutual funds?
-
Investment made is eligible for deduction under Section 80C up to ₹1.5 lakhs
-
There’s a lock-in period of 3 years
-
Being equity funds , there’s a high volatility risks which stabilises with the lock-in period
-
Suitable for investors with a long-term investment horizon and a high risk appetite
-
Invest through SIPs or lump sum
-
Earn tax-free returns up to ₹1 lakh
Things to keep in mind when investing in ELSS mutual funds
Premature withdrawals, during the lock-in period are not available
Each SIP will be locked in for 3 years
Tax deduction under Section 80C is available only under the old tax regime
The minimum investment amount can start from as low as ₹100 if you choose the SIP investment mode
What should be the investment horizon for ELSS mutual funds?
-
ELSS funds have a lock-in period of 3 years
-
As such, you need an investment horizon of 3+ years
-
A long-term investment horizon also helps stabilise short-term volatility risks
-
You can get good capital appreciation if you invest with a horizon of 5 years and above
What is the tax implication of ELSS mutual funds?
-
Returns up to ₹1 lakh are tax-free
-
Returns exceeding ₹1 lakh are taxed at 10%
-
Dividends earned, if any, are taxed at your income tax slab rate
What are the payout options?
-
Dividend option
Earn dividends on your investment at regular intervals
-
Growth option
Accumulate the returns over the investment tenure and get a lump sum amount on redemption
FAQs On ELSS Mutual Funds
No, ELSS funds are equity-oriented funds and hence carry some risk.
Compare the past performance of ELSS funds. A fund offering consistent returns over the past would be the right choice.
It is not possible to redeem ELSS funds before the lock-in period of 3 years ends. You can consider other emergency options such as loans, credit, withdrawing other investments, etc.
Besides ELSS funds, no other mutual fund schemes offer tax benefit under Section 80C.
ELSS funds have diverse portfolios. They invest mostly in publicly traded stocks across market capitalisations (large-cap, mid-cap, and small-cap) and sectors.
Types of Equity Funds
Funds Based On Market Capitalisation
Funds Based On Investment Style
Other Asset Class Funds
ETF Funds
Invest in funds listed and traded on the stock exchange
Know More
Fund of Funds
Mutual funds that invest in other mutual funds both in India and globally
Know More
Hybrid Funds
Get a mix of equity, debt and other asset classes for a diversified portfolio
Know More
Index Fund
Passively-managed mutual funds tracking a particular index
Know More