I have two SIP. One is Nippon Large Cap Fund Direct Growth with Rs. 2500.00 monthly (1 year old) and Rs.1000.00 monthly (8 months old) at Motilal Oswal Mid Cap Fund Direct Growth.
Please suggest, should I continue with both SIPs given the current market situation or switch to another plan of the same companies. I am looking forward for a long term goal.
Ans: Hi Kamal,
You can continue with current SIPs. Avoid looking for short term volatility as this is how markets work. If possible, start with another SIP of 1500 in Kotak multicap fund.
Let me know if you need more help.
Best Regards,
Reetika Sharma, Certified Financial Planner
https://www.instagram.com/cfpreetika/