8,083.80-170.0
Stock Analysis, IPO, Mutual Funds, Bonds & More

Will Sensex become zero? Should I sell all my mutual funds?

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

ET Online|
Last Updated: Mar 25, 2020, 04.50 PM IST
0Comments
iStock
22
Coronavirus

COVID-19 CASES

Confirmed
3,072
Deaths
75
Kaya Sensex nil ho jayega? (Will Sensex become zero?) Should I sell all my mutual fund investments?
-Mithun Mondal


It is true that the stock market has witnessed a sharp fall in the last few weeks due to the Coronavirus pandemic across the globe. S&P BSE Sensex, one of the most watched benchmark in India, fell almost 35% in two weeks. However, this doesn't mean that the stock market is going to fall forever. For example, the market closed higher yesterday and it opened marginally higher today. This doesn't mean that it may rise every day. The point is we do not know how it would behave in the coming days because we do not know how the pandemic situation is going to unravel around the world.

It may sound a bit odd to hear the often-repeated sentence that you would find volatility in the market when you are investing for a very long time. But it true. You should be prepared for it. True, we have never faced an uncertain situation like the current one earlier. However, it doesn't mean that the world would not succeed in dealing with the current crisis or it would not find a medicine to deal with the virus. Do not lose hope and confidence. Focus on your long-term goals and continue with your investments and hope for the best.
(If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.)

Also Read

Sensex, Nifty circuit limits for today

Sensex falls for fifth day; here are the top factors

Nifty below 8,400, Sensex drops 750 points on growth worries

Financial stocks help drive Sensex above 30,000-mark

Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service