With honorable PM. Narendra Modi making an impactful move over money laundering, black money and various grim agendas, ban on Rs. 500 and Rs. 1000 has also affected Investment and Mutual Fund sectors.
As unaccounted wealth gets static, it has led to negative impact on consumption, where old notes are either exchanged or deposited in the banks.
Investment sectors are witnessing downfall in the market, and waiting for more white money to walk into the formalized system. Financial Experts deem demonetization good for the market, wherein it is supposed to generate more attractive investment opportunities in the future. Growth in Equities and ELSS is anticipated, where investors paying more tax will find such investment schemes an ideal option to save tax and generate wealth at the same.