With the benchmark index - BSE Sensex - down by 7,200 points in the current calendar year so far and closing at the level of 77,958 on Wednesday i.e. May 6, market experts say that since it is difficult to predict market bottoms investors should continue their SIPs and if you have additional funds then you can proceed with staggered lumpsum investments.
Rajesh Minocha, a Certified Financial Planner (CFP), Founder of Financial Radiance shared with ETMutualFunds an 8 to 10% correction is a normal market reset, not a cause for panic as valuations became elevated, and corrections like these help normalise stock prices.
