Budget 2024: These mutual fund investors will benefit if govt raises income tax Section 80C limit

Budget 2024: With the government preparing to present the Budget for the 2024-25 fiscal year today, investors are eagerly anticipating potential changes. Many are hoping for an increase in the Section 80C limit of the Income Tax Act. If Finance Minister Nirmala Sitharaman announces a raise in this limit, it could benefit investors in Equity Linked Savings Scheme (ELSS) mutual funds as it would offer them enhanced opportunities for tax savings and investment growth.