SHOULD YOU CONTINUE YOUR SIP?
Despite the disastrous impact of the COVID-19 pandemic, mutual fund investors have remained committed to their mutual funds. However, are investors doing the right thing by staying invested? Should they look for opportunities to exit and await an opening to return when the dust settles? Or would they be missing out on the opportunity of a lifetime by not investing more in the markets at these levels? Assuming that you know what is an SIP, let’s understand if you should continue with your Systematic Investment Plan (SIP) .Following are four different scenarios that deserve different actions on your SIPs: Stay the course Continuing with your SIP investments means that your portfolio benefits from accumulating additional units when markets are down, bringing down your average cost of fund units.If your goals are same and you have passable time frame that will permit the investments to recover and fetch you the desired returns, then don’t fiddle with your SIP investments. Make sure to not