Should I continue with my SIPs after paying the EMI?
If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
By ET Online |
I want to buy a house in three months. I have already started investing in five different funds via SIP. If I have any money after paying the EMI, should I continue with the SIPs?
--Sajal Pal
Apoorva Vora, Founder and CEO, Finolutions WealthCare LLP, responds:
If you have surplus, you should continue with the SIPs. As per human nature, needs and aspirations keep going on, and buying a house is one of the milestone. For achieving your other financial milestones, you need to create wealth over a longer term. For this, SIP will be an easy, safe and convenient medium.
--Sajal Pal
Apoorva Vora, Founder and CEO, Finolutions WealthCare LLP, responds:
If you have surplus, you should continue with the SIPs. As per human nature, needs and aspirations keep going on, and buying a house is one of the milestone. For achieving your other financial milestones, you need to create wealth over a longer term. For this, SIP will be an easy, safe and convenient medium.
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