Systematic Investment Plans, or SIPs as they are popularly called, have caught the fancy of investors in recent years. Average monthly net flow into the investment vehicle has ballooned from Rs 3,122 crore as of April 2016, when the Association of Mutual Funds in India began disclosing the data, to Rs 8,513 crore as of February 2020.
Vladimir Lenin’s quote - “There are decades where nothing happens and there are weeks where decades happens” - is apt for the current market environment, isn’t it? There have been huge gyrations in the market off late, but investors need to be patient, remain invested, and have a long term perspective.
But, investors should also at intervals undertake due diligence. Investors should regularly track and monitor the schemes’ performance to weed out underperformers, and rebalance their portfolio to stay on course for the big payday.
An Investor Education and Awareness Initiative by Mirae Asset Mutual Fund.
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Mutual Fund investments are subject to market risks, read all scheme related documents carefully.