bank vault demonetization

Nov 8 2016 Demonetization: Impact on Mutual Funds in One Year

by Mridul Agrawal • November 8, 2017

Prime Minister Narendra Modi on the 8th of November, 2016, announced the withdrawal of Rs 500 and Rs 1,000 denomination of notes. He called this step necessary in the government’s fight against corruption and black money. The legal tender character of the abovementioned denomination of bank notes stood withdrawn. Thereafter, these notes could not be […]

capital infusion mutual funds

Capital Infusion in Public Sector Banks (PSB): Effect on Mutual Funds

by Pijush Biswas • November 8, 2017

The Indian government on 24th October 2017 unveiled a plan for massive capital infusion of INR 2.11 lakh crore into public sector banks (PSBs) over the period of next two years, giving them after Diwali gift. Many people want to know the effect of this recapitalization on mutual funds. The idea of infusion is to […]

DSP Blackrock Micro Cap suspended

DSP Blackrock Micro Cap Stops Fresh Investment

by Harsh Jain • February 15, 2017

DSP Blackrock has stopped taking fresh investments in their Micro Cap mutual Fund from Feb 17, 2017. This is not happening for the first time. In September 2014, the fund stopped taking more than 2 lac of investments. In August 2016, they reduced the limit to 1 lac and in 2017, they have completely stopped […]

demonetization globally

Countries That Have Tried Demonetization in the Past

by Groww • December 28, 2016

With the year 2016 approaching an end, Prime Minister Modi’s announcement on demonetization also sounded a death knell for the existing 500 and 1000 rupee notes. Instantaneously, banks and ATMs were engulfed with swarms of people depositing and demanding cash. Shortage of cash with people caused fury and has seemingly slowed down economic activity in […]

new 500 2000 notes

All you need to know about void/ ban on existing Rs 500 and 1000 notes

by Ishan Bansal • November 8, 2016

How big is this inconvenience? 2300 crore notes of Rs 500 and Rs 1000 currently circulating so it’s going to be big pain Why? Fake Currency funding Terror using these notes Black Money is hindering economic growth Why this denomination? Fake Currency in these denomination notes is highest From when this is effective? This will […]