As the union budget 2023 approaches, Indian mutual fund distributors are hoping for a deduction in the tax rules. Currently, investors in mutual funds are eligible for a deduction under section 80C of the Income Tax Act. However, the maximum limit for this deduction is only Rs 1.5 lakhs, which is considered inadequate by many mutual fund distributors in relation to the inflation. The mutual fund industry has been growing rapidly in recent years, with a significant increase in
