SIP Calculator with Tax Deduction

See how a monthly SIP in a tax-saving (ELSS) fund could grow, and the tax you could save each year under Section 80C.

₹
₹100₹1 L
Enter a value between 100 and 1000000.
%
1%30%
Enter a value between 1 and 30.
Yr
3 Yr40 Yr
Enter a value between 3 and 40.
Estimated value
—
    Start investing

    Frequently asked questions

    Which SIPs qualify for a tax deduction?

    SIPs in ELSS (tax-saving) mutual funds qualify for the Section 80C deduction, up to ₹1.5 lakh a year across all your 80C investments.

    How is tax saved worked out?

    Each year, the lower of your yearly SIP and ₹1.5 lakh is multiplied by your tax slab and by 1.04 for cess. The deduction is available only under the old tax regime.

    Can I stop the SIP before 3 years?

    You can stop new instalments at any time, but each instalment already made stays locked in for 3 years from its date.

    Disclaimer: This calculator is for illustration only. The results are estimates based on the rate of return you enter and do not indicate, promise or guarantee future returns. Actual returns vary with market conditions and are not guaranteed.

    Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns. Please consult your financial advisor before investing.