Investment Is A Game Of Patience

Gautam Singh wanted to hang up his boots by the age 50 and started planning for his early retirement 10 years ahead. The corporate sector employee set out on his journey towards financial independence with monthly SIP investments of Rs 65,000, as he aimed to accumulate Rs 1.5 crore over the next 10 years. He also wished to pursue some of his passions after retirement and adjusted the fund requirements accordingly. The investment portfolio was constructed with mutual fund schemes in the large-cap, large-and-mid-cap, multi-cap, and mid-cap categories. Gautam was comfortable with intermittent volatility and aimed at wealth creation towards retirement goals. While he was prepared for the short-term volatility, he was not prepared for the sharp corrections in the equity markets between March and April 2020, after the Covid-19 outbreak. Panic started gripping the equity markets during the...