For the ELSS investment we have chosen at random a tax saver fund which has completed more than 15 years. For purpose of this analysis, we have selected HDFC Tax Saver Fund (Growth Option). Like in the previous example, let us now see how much corpus one would have accumulated in the last 15 years by investing upto the maximum 80C investment limit in the ELSS fund. The chart below shows the cumulative investment amount and value of the investment in ELSS.
The blue line shows the cumulative deposits made by the investor in the ELSS fund every year. The total investment made by the investor from 2000 – 2015, is र 15,20,000 (र 15.2 lacs), the same amount deposited in PPF in the previous example. The orange line shows the value of the ELSS investment based on prevailing NAVs. As we can see from the chart above, the ELSS returns are of a very different order of magnitude compared to PPF. In fact, the current value of the first two ELSS investments made in 2000 and 2001 itself is much more than the total maturity amount accumulated in PPF in the previous example. The value of the ELSS investment as on Apr 2, 2015 is over र 1.15 crores, nearly four times the PPF maturity amount.