Equity Linked Savings Scheme (ELSS) is a type of mutual fund in India that helps you save tax under Section 80C while investing in equities. Returns are market-linked and shown as Net Asset Value (NAV), not fixed like a Fixed Deposit.
It is a tool to estimate your investment growth over time.
Monthly Investment = Rs.5000
Expected Return = 9% per year
Duration = 5 years
Total Invested = Rs.3,00,000
Estimated Returns = Rs.79,949
Total Value = Rs.3,79,949
Investment = Rs.1,00,000
Expected Return = 9% per year
Duration = 5 years
Total Invested = Rs.1,00,000
Estimated Returns = Rs.53,862
Total Value = Rs.1,53,862
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