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Is it advisable to continue with SIPs in these uncertain times?

Any changes in your SIPs should be based on your circumstances rather than the market situation, says Dhirendra Kumar

What would be your advice for people during these times of uncertainty - should they continue with their SIPs or reduce the same?
- Anonymous

You should continue with your SIPs if your income is going to continue. You may consider discontinuing your SIP if your income is going to get scaled down and you need to supplement your income. Besides, if you started your SIP a few years back and you are getting close to the point where you will need the money, then also you should discontinue your SIP. If you require the money in the next one-two years, then it is the time when you should start gradually moving your money out.

So, in my opinion, any changes in your SIPs should be based on your circumstances rather than the market situation. In the next few years, investors must continue to keep faith in the markets as this COVID-19- induced uncertainty is unlikely to prevail forever.