We have seen a tremendous downside of the markets during last several months and hope the markets are back again. Sensex has touched the 11K mark twice this week and the only hindrance for the bulls should be the international finance crunch.
I would like to put before the readers what i have experienced, the so called, magic of SIPs during these phases of the market. It has been a stunning experience for me to see how my investments have grown during the last 10 months through SIPs. It would have never been possible through lumpsum investment. I am now a firm believer of the SIP concept. It induces discipline in your investments in either conditions of the market. Eventually, what i have observed is the accumulation of the fund units during market lows and thus giving rise to profits when it is up. In fact, that means, all my investments during the bear phase of the market has given a push during the bull phase!!!
A stunning return of around 16percent for my investments where lumpsum investments lost more than 30% is really worth mentioning. Ofcourse, all this only after choosing the right funds!
It is such a good lesson to actually see my SIPs working. So, as a piece of advice, take advantage of SIPs, especially during such a volatile markets. Invest more when markets are low. It really pays off!!!
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