You have been investing in an SIP for the last 15 years. And now you want to withdraw your corpus as you have some expense commitment.
The market drops sharply and you can’t help but stare at poor returns that your SIP just delivered after a long and patient wait of 15 years.
What can you do to not be in such a space?
Your entire SIP return hinges on the climax. Returns for even long running SIPs are prone to market volatility.
So like you stagger your investments in the form of SIP to counter market volatility, apply a similar approach to redemption.
Plan an SWP. Systematic withdrawal plan.
Space out your redemptions over a period of time. To do this, chalk out an exit strategy well before in time, maybe 3 years before your planned maturity.
This will help you mitigate the erosive impact of market downturn in this phase.
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In this video we’ll walk you through: Am I ready to get married? If you're getting ready to get married, then chances are you have pondered the answer to this question. This video covers some signs that you're ready to get married.
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