This week, the value of the rupee declined in relation to the value of the dollar. Is this the beginning of a market decline in India? Will the decline of the Indian rupee lead to a slowdown in our economy?
K
Kunal
@Kunal
Posts
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Rupee vs. Dollar -
Would it be wiser to start SIP straight?I initiated my Systematic Transfer Policy (STP) into the ICICI Prudential Bluechip Fund, using a portion of the money from the Aditya Birla Sun Life Liquid Fund. However, recent updates have prevented the transfer of liquid funds to this specific scheme. Should I first initiate a Systematic Withdrawal Plan (SIP) into the ICICI Prudential Bluechip Fund, and then gradually withdraw funds using a daily SWP into my personal account? Given the liquid fund generates more than a savings account, would removing the whole amount and directly beginning the SIP be better?