Is it the right time to invest a lumpsum in mutual funds?

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Last Updated: Apr 02, 2020, 11.05 AM IST

I have two quick queries. One, is this the right time to invest a lumpsum in mutual funds? Or should I wait? Is this the right time to switch from the old funds to new schemes? 
-Munish Kinjal 

It seems, you want to go for value hunting in the current market. Most mutual fund managers and advisors are asking investors tread very cautiously in the current market conditions. Sure, the market has corrected 30-35% in the last one month. However, nobody knows whether there is more pain left or when the market is likely to see a revival. This is mainly because everything hinges on how the world is going to come out of the Coronavirus pandemic. At the moment the universal advice is not to commit a lumpsum at this point of time. Stagger your investments over a few weeks or months, depending on the quantum of funds you are planning to invest. 
Switching from old to new schemes should be decided on a case-to-case basis. It is not possible to offer general advice.