Is it okay to start SIP when the market is high?

I am 47 years old. I am a government employee. I can invest Rs 5,000 per month for nine years. Which are the different mutual funds suited for me? Now market is in an upward trend.Is it okay to start an SIP? Also, which is the best app to invest through SIP?
--Sajeevan Kannur

Since you want to invest regularly for nine years, you can consider investing in equity mutual fund schemes through a Systematic Investment Plan (SIP). Here is our recommended SIP portfolios. You can choose one that matches your risk profile.

It would be a better idea to fix some goals and link your investments to them. It will help you to stick to your investments.

When you are investing with a long-term investment horizon, you need not bother about the current level of the market.

We would not be able to comment on various mutual fund apps, as we have not tested all of them.


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