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ELSS calculator

Benefits of ELSS calculator

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ELSS calculator

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  1. ELSS calculator Introduction Benefits of elss calculator

  2. Introduction • An Equity-Linked Savings Scheme (ELSS) Calculator is a specialized financial tool designed to help individuals calculate the potential returns on investments in ELSS mutual funds. ELSS is a tax-saving investment option available to investors in India that allows them to claim deductions under Section 80C of the Income Tax Act. These mutual funds primarily invest in equities and offer a unique combination of tax benefits and the potential for capital appreciation. The ELSS calculator assists investors in estimating the future value of their ELSS investments based on various parameters.

  3. Benefits of ELSS calculator • Tax Planning: ELSS calculators help investors plan their tax-saving investments effectively by estimating the potential tax savings and returns generated by ELSS investments. • Investment Goal Setting: Users can define specific financial goals, such as saving for a child's education, buying a house, or building a retirement corpus, and then calculate how much they need to invest in ELSS to achieve those goals. • Return Projections: The calculator provides a projection of the potential returns on ELSS investments, helping investors understand the growth potential of their portfolios. • Risk Assessment: By adjusting the parameters, such as the expected rate of return and investment horizon, investors can assess the potential risks and rewards associated with ELSS investments.

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