Record SIPs: Can More Units Still Mean Less Money?

More Units, Less Money: What Does SIP Discipline Mean?

September brought record SIP contributions alongside a decline in SIP assets.

At Vantage editorial, we see a useful distinction: continuing to invest can increase the units owned while the portfolio remains below the amount contributed.

Our hypothetical example invests ₹10,000 at each of three NAVs: ₹100, ₹80 and ₹60. It accumulates approximately 391.667 units, but their value at the final ₹60 NAV is ₹23,500 against ₹30,000 invested.

This is an illustration, not actual fund performance or a forecast. It shows why averaging purchase prices does not guarantee a profitable exit.

Let’s discuss:

1. What would make you review a SIP during a falling market?
2. How do you distinguish temporary discomfort from an unsuitable allocation?
3. How should a firm spending date, such as a home down payment, change the decision?

Comment in this thread with your reasoning, experience or counter-evidence. General examples are welcome; please leave out private account details.