TIME TO STICK WITH YOUR MUTUAL FIND SIP's

I read a very interesting article in the morning newspaper today SOS -SAVE OUR STOCKS".
There's an eerieness about October.'24, something that the children of the bull market can never sense. The crash of 1929 began on the same day that year & eventually led the the Great Depression. Almost 79 years later, the world is haunted by a similar spectre. Blows from stock losses are slowly giving way to a strange fear of job loses. The drop in markets across continents simply mirrors these concerns.
The Indian market has tanked & SENSEX was down 1070 points. The SENSEX & NIFTY fell somewhere between 11-12% on Friday, as signs of pain in the real economy become evident. The talks doing the rounds is no longer just about slowing corporate earnings in fact, the bigger fear now is corporate defaults, which will then hit the banks which have lent big to these corporates.
Investors who were invested in Mutual Fund schemes fearing the worst have pulled out their money & those who has not were thinking to do so now so save at whatever remains. The investors who know they can not lose anything from here are staying back & are infact increasing their Mutual Fund exposure but staying put in SIP's or increasing the SIP's that they had. In fact at the current market situation they will be buying at lower NAV's & getting more units for lesser NAV's. The markets are going to bounce back for sure, maybe not in in the immediate terms but in the near future. Those with high risk appetite will certainly stay invested & make money in turnaround. Digest the current & wait for the turnaround.
Happy investing
RAJESH NAIR
The author is CEO, RajRak Advisors. He can be reached at rajeshnair72@gmail.com