Mutual fund NAV fell below your purchase price? 4 power steps to take
Sitting tight is often the most important decision to make in financial markets. When your NAV is down purely due to temporary corrections, or due to minor bouts of selling, you need to do nothing. It is important that you do not start creating strategies where none is required. There is always an element of market volatility that you must invariably provide for.
There are broadly four ways to deal with your NAV going into negative territory. However, this will vary from one investor to another, based on the profile, future requirements, etc. Image source: Reuters