Right time to start a SIP

As you all know that these days markets are going down and people are very scared of investing in the equity market then I think this is the right time to start a SIP(Systematic investment Plan).In SIP the Cost averaging plays a very important role.Actually it(SIP) is based on the concept of Cost averaging only.It is like accumulating the shares i.e if market is high you will accumulate less no. of shares in that SIP amount and if market is low you will get more no. of shares for that particular amount(SIP amount). This SIP is actually helpful and will nurture results only in long term so you should consider the SIP investment for long term and icing on the cake is that it is a tax saver also so you can get tax exemption also.