Are there different types of ELSS calculators available?
- Posted: 4th February, 2025
- Updated: 4th February, 2025
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There are two main types of ELSS calculators available online - Lumpsum Calculators and SIP Calculators.
The Lumpsum ELSS Calculator allows investors to calculate potential returns by entering a one-time lump sum investment amount along with the investment horizon. It provides an estimate of how much the ELSS lump sum can grow over the long term based on assumed growth rates.
The SIP ELSS calculator helps investors estimate returns on small, regular monthly investments of fixed amounts. The calculator projects return by factoring in the monthly SIP amount, tenure, and assumed annual returns.
These online calculators provide investors with a quick and easy way to get approximate projections of the growth potential of their ELSS investments.
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