Yes, mutual funds and SIPs can be impacted by market corrections.
However, the extent to which a mutual fund or SIP is impacted by a market correction will depend on a number of factors, including the composition of the fund's portfolio, the fund manager's investment strategy, and the overall market conditions. For example, a mutual fund that invests primarily in defensive stocks or that follows a value-based investment strategy may be less impacted by a market correction than a fund that invests primarily in growth stocks or that follows a momentum-based investment strategy.
It is important to keep in mind that mutual funds and SIPs are long-term investment products, and investors should not be overly concerned with short-term fluctuations in the market. In fact, some investors may view market corrections as an opportunity to buy quality stocks or mutual funds at a discount. However, investors should always do their due diligence and consult with a financial advisor before making any investment decisions.