Should I start an SIP?
Ans : Absolutely
Any time is a good time for starting your SIP. You don’t have to wait for a downturn. If you do, you may have to wait for long, which may result in a lost opportunity. By their design, SIPs help you average your investment cost. So waiting for the right time to start them is pointless.
Should I invest a lump sum?
Answer: No
In equity, never invest lump sums as you won’t be able to benefit from market lows. In the current phase, if you invest a lump sum and the market falls further, you won’t be able to benefit from the fall. Hence, invest through SIPs. Spread your lump sum across six to 12 months, depending on its size.
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