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How I Turned ₹5,000/month into ₹6 Lakhs — My 3-Year SIP Journey
In 2020, I was saving ₹5,000/month with no real strategy. I stumbled into SIPs by chance. Today, that same habit has grown into ₹6,12,000 — and taught me 3 major lessons about compounding, patience, and mistakes I wish I avoided earlier.
📉 What Went Wrong in Year 1
In my first year, I panicked during a market dip and pulled out my SIP investments. That single move cost me potential gains and broke the compounding chain. I learned the hard way that reacting emotionally to market swings is a recipe for regret.
📈 Lesson Learned: Consistency Beats Timing
- Missed rallies by being out of the market
- Lost out on rupee cost averaging
- Peace of mind improved with automation and discipline
🔄 My Portfolio Before vs After
Before (2020)
- Random savings in bank account
- No real investment plan
- Low returns (2-3% p.a.)
After (2023)
- Disciplined SIPs in diverse mutual funds
- Portfolio value: ₹6,12,000
- Average returns: 13-15% p.a.
🧠 What I’d Do Differently If Starting Again
If I could start over, I’d set up my SIPs and forget about the daily market noise. I’d diversify a bit more, avoid panic-selling, and trust the process. Most importantly, I’d start even earlier — because time is your biggest ally in compounding.
Understanding these adjustments can assist you save moreApril 1st is the beginning of a brand new monetary 12 months in India. That is vital to your pockets as a result of most new tax guidelines introduced within the funds by Finance Minister Nirmala Sitharaman take impact on at the present time. There may also be different adjustments impacting your funds, so it is a good suggestion to pay attention to them.The brand new fiscal 12 months brings updates to guidelines to your financial savings plans (NPS & EPFO), taxes, FASTags, and different monetary issues. Understanding these adjustments can assist you save extra and keep away from any rule-breaking complications. It is price taking a while to find out about them.New EPFO RuleSwitching jobs simply received simpler in your funds. The Staff’ Provident Fund Organisation (EPFO) has carried out an automated switch system to your provident fund stability. This implies no extra manually requesting a switch if you begin a brand new place. EPFO will robotically credit score your PF stability to your new employer’s account, guaranteeing a seamless continuation of your retirement financial savings. It is a massive win for worker portability and simplifies the method of managing your PF throughout completely different employers.New Tax RegimeStarting April 1, 2024, the brand new tax system turns into the default choice in India. This implies except you particularly select the previous tax system, your taxes might be calculated robotically beneath the brand new guidelines.This is the excellent news: the tax brackets for the brand new system stay the identical for the monetary 12 months 2024-25 (tax 12 months 2025-26). There have been no adjustments introduced within the latest funds. Even higher, in case your earnings is Rs 7 lakh or much less yearly, you will not pay any earnings tax beneath the brand new system!NPS: Two-Issue AuthenticationStarting April 1, 2024, the PFRDA will implement a further safety measure for the Nationwide Pension System. This enhanced system includes a two-factor Aadhaar-based authentication for accessing the CRA system by way of password. The announcement of this improve was issued by way of a round on March 15, 2024.The introduction of the two-factor Aadhaar authentication system goals to offer a further layer of safety to authenticate fingerprints and mitigate spoofing makes an attempt, thereby enhancing the safety of Aadhaar-authenticated transactions.In line with the PFRDA round, the Aadhaar-based login authentication might be built-in with the present Person ID and Password-based login process, facilitating 2-Issue Authentication for accessing the NPS CRA system.The PFRDA notification states, “In order to bolster security measures for accessing the CRA system and safeguard the interests of subscribers and stakeholders, additional security features will be implemented through Aadhaar-based authentication for login to the CRA system.”The Aadhaar-based login authentication might be built-in with the present person ID and password-based login course of in order to make the CRA system accessible by way of 2 Issue Authentication,” the notification added.New Rule of FasTagAttention FASTag customers! Keep away from toll sales space hassles! Get your FASTag KYC executed by March thirty first. After that, banks might deactivate your FASTag if it is not up to date. With out KYC, funds will not work, and you could possibly find yourself paying double toll fees. Comply with NHAI’s tips to make sure easy crusing at toll plazas.Exemption Of Enhanced Go away EncashmentThe go away encashment tax exemption restrict for non-government staff was Rs 3 lakh in 2022 and is now elevated to Rs 25 lakh.
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