Let’s first understand what does the term SIP means and bear market in financial terms.
Bear Market- It is a market where the majority of the stock indices faces a downfall of 20% or more due to declining economic prospects. It comes from a high pint to low which can remain for as long as the economic prospects permits it to be. It can be cyclical or long term.
Now let’s understand SIP.
SIP- SIP is Systematic Investment Planning, is a type of disciplined way of investing in mutual funds scheme where an investor makes an equal payment at regular intervals over a period of time to accumulate wealth over the long run. It is a regular form of investing in funds to minimise its risk of losing wealth.