Our sincere advise is to not look at your portfolio till the Corona issue stabilizes. I believe normalcy would return within the next few months or at the worst by this year end.
These kind of black swan events are completely unpredictable and can cause temporary damage to your portfolio’s. All I can tell you from the history and our own experience is that both economy and markets always bounce back. Never under estimate the human resilience.
It’s ok if you don’t feel like buying now. But DNT sell now. That would be converting temporary losses into permanent one. I am confident that sometime next year, you would be glad that you dint sell due to panic and look happily at your portfolio growth.
It cannot be a better time to start your Investments in Equity Mutual. Mutual Fund SIP’s in a falling market does magic in the long run. Avoid all the noise and start your SIP and stay invested till you reach your long term goal. I would urge each one of you to get your friends, family start SIP’s in these markets.
Here Top 5 Mutual Funds for long term SIP
- DSP Top 100 equity fund
- Mirae Asset large cap Fund
- SBI Bluechip Fund
- Axis Bluechip Fund
- Mirae Asset Emerging Bluechip Fund