The market is continuing falling and today it has fallen by over 1.4% which is again a good fall. The market stands at the same point where it was at 8 months before so basically the market has been at the same point in last 8 months. The last month was frustrating for most of the Indian Investors has te market was fallen by more than 6.5%.
PC: Google.com
The Indian Market is falling because of many reasons. If I pinpoint some of the reasons then I would say mainly because the Foreign Investors are pulling out a lot of money from Indian market and the local investors are not putting money because of the fear. A lot of people have stopped their SIPs because they are uncertain where the market is heading and thus hoarding the cash with them. Along with that the Rupee is going down day by day against the dollar and thus it is again one more reason where the Nifty is going down.
In my case, I am continuing buying the dip. This is the best time to buy and even the market goes down from here, I am happy because I am not the short term trader, I am a long term investor so having the buying so low is actually a big jackpot for me for the long term. I am not buying any stocks, I am investing mostly in Niftybees which is a etf. I will start buying the stocks when the market stops going down till that time buying the Niftybees is the best option to do.
There is 2 things I am doing, whenever the market is going down by more than 2% from my last buy price, I am adding more units and along with that whenever marlet falls by more than 1% any day I am buying some units. In this way, my average price is going down and again this will be really good for the long term.
You might ask till what time I can buy the dip, the thing is that's why having the fund in debt is required. I have some money in debt which I am moving to equity at the times like this. Thing of it as rebalancing, moving the equity to debt or debt to equity when the situation like this happens. And that's why I ask people to usually invest in debt top because if you are purely in equity you can capitalize the situations like these.
