Usually no: if the goal is still years away, a falling market is when your SIP does some of its most useful work.
A SIP buys a fixed rupee amount each month. When prices are lower, the same amount buys more units. Those units are what grow when the market recovers. Pausing during a fall means you buy fewer units at lower prices, and most people restart only after prices have already gone back up.
There are good reasons to change a SIP, but the market falling is not one of them. Better reasons are:
- The goal is close, within about 3 years, and the money should already be moving to safer places.
- Your income has dropped and you need the cash for expenses or an emergency fund.
- The fund itself no longer suits you, for reasons that have nothing to do with this month's market.
If none of those apply, the simplest rule is to keep going and check your plan once a year, not every time the market moves. You can see how steady monthly investing adds up with our SIP calculator.
Your own answer depends on when you need the money and how secure your income is. If you want someone to look at your numbers, you can book a free call.