BHAVESH SHUKLA (1 Points)
17 September 2021Request for help of only Finance experts. I am Investing in SIP from last 5 years 12000/pa. Currently my SIP is showing 67% profit. Now Indian market is in bull.
So is this the correct time to redeem from sip ??
If market takes correction than the % of profit will go down or will be constant ? will if be profitable or not ?
Should I break this SIP & start new SIP so can take advantage bull market ?
Should I withdraw only profit from SIP & continue in SIP ?
Should I continue my SIP ?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(183881 Points)
Replied 17 September 2021
SIP is the investment in the market with averaging cost. For long term investors the fluctuations in the market is not any cause for worry. Secondly timing market is next to impossible.
Having said so, you continue your SIP for long term benefit.
If you are very sure of downfall in the market, you may book your profit at that stage, but do not forget to reinvest the amount in lump sum when the market gets stabilized.
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