This is an excerpt from Business Today TV’s stock market show ‘Market Today’, where market expert Mitesh Panchal (miteshpanchal.in) shares crucial advice for investors grappling with market volatility. As fear grips investors amid market corrections, many are considering stopping their Systematic Investment Plans (SIPs) or pulling out of the market altogether. But is that the right move?
Mitesh Panchal strongly advises against completely stopping SIPs, emphasising that staying invested, even with a reduced amount, is key to long-term wealth creation. He suggests cutting the SIP amount by one-fourth, one-third, or even half instead of exiting entirely. History shows that markets eventually recover, and those who remain invested during downturns often benefit the most when the market turns in their favour. Exiting now could mean missing out on future gains, as investors typically re-enter at higher levels, leading to suboptimal returns. The key, as Mitesh Panchal highlights, is to "stay in the game when the game is not in your favour" to ensure you reap the rewards when the tide turns.
Should you stop your SIPs or adjust them? Watch this insightful discussion on Business Today TV* to learn how to navigate uncertain markets while keeping your investments on track! Subscribe to Business Today TV for more expert insights!