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I see that SIP gives the most benefit, when it gets executed on a day, when the NAV of a fund is less than the average NAV I am holding....because it pulls the average NAV downwards, which will be beneficial for me.
Can we devise a strategy considering the logic above, to invest SIP in a way that we can make more benefit out of it.
For example, if I talk about today.... My average NAV in principal emerging bluechip fund is higher than the current NAV of the fund... So, at this time atleast I should be investing some money into this fund or switch the money from another fund to this fund...
How beneficial it will be to switch from another fund to this fund? Can someone please help me do the math?
lets say, SBI Bluechip is giving me 7.8% return now, and Principal Emerging Bluechip is at -2.1%, so shall I consider switching 10k or 20k amount from SBI Bluechip to Principal Emerging Bluechip.
And If I plan to do the same exercise after every fall