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What factors should I consider when selecting an ELSS Calculator?

When selecting an ELSS Calculator, consider these key factors:

  1. Ease of use: The calculator should have a simple and user-friendly interface that is easy to understand and operate. It should allow you to arrive at projections quickly with minimal data inputs.
  2. SIP/Lump sum options: The calculator should give you the flexibility to calculate projected returns for both lump sum as well as Systematic Investment Plan (SIP) mode of investments. It should take monthly SIP amounts as inputs for return projection.
  3. Inflation Adjustment: Opt for a calculator that adjusts the returns for inflation to give you goals in today's money terms.

Some of the best ELSS Calculators carefully factor in key assumptions and give personalized projections.