Coronavirus & Your Mutual Fund Investments

Coronavirus has everyone worried. It’s potential social and economic impact has rattled global markets and things are getting scarier every day. While we are worried about our health, to some extent we are worried about our money too.
Since the outbreak of Coronavirus, the markets saw sharp corrections, and the selling pressure will continue for some more time. But, this is not the first time! During previous pandemics too, markets fell sharply only to emerge stronger than ever before.
what should you do?
keep calm and before you redeem your investments, take a pause and think in 5-7 years down the time, you wouldn’t even remember this phase, just like past pandemics. At the same time don’t go overboard with investing. Let your asset allocation dictate how much or if you should invest. Crashes and all-time highs will happen in the future too so use this time to be ready for whatever happens in your investment journey.

Published by Nidhi Mehra

I am blogger with 5 years of experience in writing articles and topics related to finance and funds

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