Jan 01, 1970 2 min read

Rs.500 & Rs.1000 Notes Banned: Avail your Benefits Now

Stock Market has fluctuated with a major fall of 900 points and more with the Prime Minister’s announcement. Know what can you avail of it.

Prime Minister Narendra Modi announced an unexpected news last night which stood at banning the currencies of Rs.500 and Rs.1000 from November 9, 2016. In order to keep a check on black money, fake currency and corruption all around the nation, this step has been taken by the honorary PM in a suspected way. It is expected that the demonetisation of Rs.500 and Rs.1000 shall bring a major impact on the inflation rates in the forthcoming period of time.

On the flip side, any step that can affect the population of 125 crores can be hazardous when the uncertainty which involves withdrawing cash at a short notice increases. It is undoubtedly an insane risk that has been taken by the Prime Minister. But he has a strong belief that it would not be unfair to the interest of citizens and will definitely be successful in terms of black money inspection.

Now when the currency notes of Rs.500 and Rs.1000 are no longer in existence, they have lead an increasing demand for small value currency which includes Rs.100, Rs.50 Rs.10 and so on. Accordingly, this has influenced the inflation rates to a great extent. Now the value of money will increase in a way that it would lead to deflation in fact. The value of each an every commodity has fallen which can be confirmed with the drowning rates in the share market. It has been rare in the history of Indian stock market that the prices have fallen drastically. But today with this greatest news, the stock market has shown a tremendous fall in the prices which has affected the monetary worth of the investors’ capital.

Moreover, with a subsequent downfall of 900 points and even more, SENSEX has opened greatest opportunities for the investors. It has brought a golden chance with itself to make an additional purchase of SIP for creating huge wealth for the future. It has been observed and analysed by the experts that this deflation due to demonetisation shall continue for a considerable time period until this major change completely gets implemented and cash comes in a proper flow. So for the new investors as well, there is an opportunity of making productive investments to gain the benefits of upcoming hike in the values.

It is further observed that after a certain period, inflation will be on track which shall help you in generating greater money. If you make an additional SIP now, you will be allotted a higher number of units at a lower price which shall help you in growing your capital in the future. So you must avail the benefits of this change and buy the SIP for your secure future now.

MySIPonline recommends various schemes to make an additional SIP purchase with a fall in share prices. If you are looking for an optimal advice in these terms to make a productive investment in mutual funds today, you must get associated with us. We would provide you with the most effective solutions to gain highest benefits of this market downfall due to the demonetisation of currency notes worth Rs.500 and Rs.1000.

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