Present pandemic situation and mutual fund investments -
Although the fall in equity market is not for the
first time, history has witnessed a sharp fall in share market from time to
time. Each time the market has recovered over a period of time and
overall market has gone up, though local ups and downs will be there.
Regular investments such as SIP is the best way, since
when the market is at fall, more numbers of mutual fund units will come to your
contribution due to lower NAV (net asset value). So there is no need to panic
and withdraw your amount from mutual fund. Switching from one fund to other
fund can be done if found beneficial. In
the environment of Covid-19 outbreak, when the Sensex is exceptionally low, as
we can see now, can be a good opportunity to invest some lump sum amount in
mutual fund. The lump sum amount will give a good amount of units as a result
of low value NAV.
In the period of lockdown, the online platforms for
mutual funds are the best options for investment at the tip of your finger.
Either you can invest directly, through the direct option, if you are used to or
through mutual fund advisor who will complete the formalities online on your
behalf.
