Should I start an SIP when the market is depressed or when it is booming? - Study24x7
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22 Jul 2022 10:35 AM study24x7 study24x7

Should I start an SIP when the market is depressed or when it is booming?

Banking Finance/CA
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  • Dev kumar

    • Yes, You can start SIP whatever the situation of the market because SIP is not a one time investment it is a long term investment.
    If you begin a long-term SIP in a moment of economic boom or slump, the market will not affect your return. Therefore, if you wish to begin a SIP. Due to the already-down market, this is the ideal time to invest. If you begin a SIP around this time, you might see the best results right away. The future state of the market will have a significant impact on your performance if you are looking long term.
    If you want to invest in mutual funds for the greatest outcomes, you should start a standard SIP. However, if the market decline, you can boost your investment by making a one-time purchase or buying mutual funds in bulk, which help you get the best pricing (NAV) average for your fund. Profit will also be increased.

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    Reply 25 Jul 2022 06:42 PM
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