One Sip at a Time ; Even with a Volatile Market, It Makes Sense to Stick with a Systematic Investment Plan.

Summary

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Sridhar Iyengar, a 40-year old B-school teacher in Mysore, turned a deaf ear when experts suggested that he keep away from products that had anything to do with stock markets. Iyengar went ahead and subscribed to two monthly systematic investment plans (SIPs) of Rs 4,500 each with HDFC Tax Saver and SBI Tax Gain schemes in September 2008, when the likes of Lehman Brothers were folding up and the stock markets were going into a tailspin.

Despite the crisis, Iyengar continued investing diligently even while his funds were showing negative returns. His confidence paid off as the markets turned around, and Iyengar soon turned in a profit as his schemes delivered high double digit returns. "There were occasions I had lost one third of my investments, but did not back off from payments as I knew it would take some time to make some decent returns, says Iyengar.

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Extract

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One Sip at a Time ; Even with a Volatile Market, It Makes Sense to Stick with a Systematic Investment Plan.

Unlike Iyengar many investors stopped their SIPs mid-way last year because of the falling markets. Sure enoug...

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