If you have been waiting for a long time to start your equity investment, This should be the right time to do that. Equity markets throughout the globe are going through a rough patch.
The bottom of the markets are not yet visible yet. But no one can say when the markets will bottom out.
If you are having a investment plan spanning more than 5 years, you should start your SIP ( Systematic Investment Plan) in an equity fund. As the valuations are looking attractive when the market reverses its direction , you can definitely benefit hugely.. Alternatively, if you have basic stock picking skills you can start accumulating some good blue chip stocks.
Stock markets start recovering swiftly after the economy bottoms out . It is practically impossible for anyone to enter the market when it is exactly at the bottom. So the best way to gain is to start investing systematically . This will help one gain during the recovery phase (Taking an example of US market -Since 1932, the S&P 500 has gained an average of 46 percent in the year after stocks have hit a bottom)
Ultimately time in the market is more important than timing.