The indian stock market is witnessing a decline almost every week. Nifty has fallen by 10 percent from its record high level. Whereas, Sensex has also come down by 8,500 points from its high level. In such a situation, retail investors are worried seeing this situation of the market. Especially investors investing in the stock market through Systematic Investment Plan (SIP) are confused about what they should do. However, if we talk about mutual funds, the trend of investing money in the stock market through it has increased. But SIP investors are worried at the moment.
What are the experts saying?
Talking to Live Mint, Delhi-based chartered accountant and financial advisor deepak Agarwal says that investors should not panic due to the fall in the market. Rather, at this time they should increase their investment even more. He says that if you are thinking of stopping SIP in view of the fall in the market, then this would be a wrong step. Buying is considered good during market correction.
Keep these things in mind while doing SIP
While investing in SIP, you should keep some things in mind. Regarding investing in SIP, it is said that the sooner you start it and the longer you continue it, the more you will benefit. Apart from this, it is important to be disciplined in this type of investment. For example, on the date you have started your SIP, try to invest on the same date every month. If you are investing in SIP, then keep it for the long term. Apart from this, if your income increases with time, then try to increase your investment as well.
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