• Sheeba M Lekshman

A currency in circulation is being discontinued and replaced by a new one in the economy is the whole concept behind Demonetisation. Restricting of the 500 and 1000 section money notes happened as a lawful delicate on declaring demonetisation on November 2016 by Prime Minister Narendra Modi. In other words, it can also be said that demonetization is an act of stripping a currency unit of its status as legal tender. The sudden declaration of demonetisation in the country has created lots of chaos and confusion among the common people of the country. The government explains that the main objective of this move was to curb the black money, corruption and fake money menace. This study is conducted to understand the effects on NAV due to demonetisation. Mutual fund’s cost depends on price per unit, which is its Net Asset Value or NAV.

Key words – Demonetisation, Mutual fund, Net Asset Value

"Demonetisation Effects On Mutual Funds- A Comparative Study Between SBI Banking & Financial Services Fund And Axis Long Term Equity Fund", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 5, page no.56-63, May-2019, Available :http://www.jetir.org/papers/JETIR1905F10.pdf

"Demonetisation Effects On Mutual Funds- A Comparative Study Between SBI Banking & Financial Services Fund And Axis Long Term Equity Fund", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 5, page no. pp56-63, May-2019, Available at : http://www.jetir.org/papers/JETIR1905F10.pdf