Market plunges can cause worry, but diligently investing through SIPs during these times might be your secret weapon for long-term wealth.
Seeing your mutual funds in red during a bear market is concerning. Many question if their SIPs are wasted, but bear markets aren't always villains.
When market prices fall, your fixed monthly SIP buys MORE units. This 'Rupee Cost Averaging' lets you accumulate wealth cheaply for future gains.
Pausing SIPs during a downturn is a common mistake. It means missing out on opportunities to buy low. Stay disciplined; markets always recover.
Consider a Step-Up SIP to increase contributions or inject a lump sum (if you have surplus cash). Buying more when prices are low accelerates growth.
Attempting to predict market bottoms is a fool's errand. Consistency in SIPs ensures you benefit from market cycles without gambling on timing.
Ready to plan smart for your financial future? See how consistent SIPs can grow your wealth over time. Use the SIP calculators at sipplancalculator.in!