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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.
Excellent news for IT sector job seekers! Know-how expertise demand surged to a brand new excessive in February, sparking hopes of restoration within the IT companies job market. In February, hiring mandates for IT professionals reached 124,000, a major 50% enhance from January and 33% larger than December, in line with knowledge from Xpheno, a staffing agency.Nevertheless, it’s necessary to notice that these mandates are indicative of future demand projections and will not all lead to precise hiring, serving to create a expertise pool for fast absorption.Staffing companies are forecasting a 7-8% rise in precise IT hiring within the second half of this yr, based mostly on knowledge from Teamlease and one other recruitment agency as reported by ET.Krishna Gautam, enterprise head of direct hiring – IT at Xpheno, notes a constructive pattern in tech expertise demand within the IT companies sector, together with software program merchandise and tech startups, marking the primary progress part this fiscal yr. He anticipates an additional enhance in IT expertise demand to 150,000 in March.Preserving Watch of IT HiringThe newest recruitment statistics embrace varied domains similar to IT companies, software program merchandise, and tech startups. Nevertheless, a good portion of this demand arises from the IT companies sector, which historically engages in substantial hiring actions, apart from the anomaly noticed in 2023.In a latest report, it was highlighted that the general recruitment of freshers for the $250-billion IT trade within the present fiscal yr, ending March 31, 2024, is anticipated to say no by 60%-65% in comparison with the earlier yr. This implies an consumption of 70,000-80,000 recent engineers, marking the bottom recruitment degree in over twenty years.Additionally Learn | ‘It’s not actual cash…’: What Zerodha’s Nikhil Kamath has to say about Bengaluru’s tech corporations pushed paper wealthNevertheless, there are indications of a rebound anticipated within the latter half of the present calendar yr.Teamlease, a Bengaluru-based recruitment agency, tasks an 8.2% rise in hiring exercise within the second half of 2024, pushed by anticipated financial restoration, elevated IT spending, and funding within the startup sector.Xpheno’s Gautam highlights that the surge in demand is fueled by each tier-1 and tier-2 gamers within the companies sector, notably in digital and AI domains. The latest uptick in hiring follows a considerable discount in headcount at main software program exporters.Notably, the trade noticed a internet addition of 60,000 jobs in FY23 till February, a major drop from the earlier fiscal yr. The rebound in IT hiring is attributed to the rising want for specialised abilities in areas like cyber safety, robotic course of automation, and generative AI.Entry-level and mid-junior degree job openings within the IT companies sector are on the rise, indicating a shifting pattern in demand. Whereas mid-senior degree positions nonetheless account for 60% of the energetic demand, openings for entry-level and mid-junior roles have elevated to 30% of whole demand.Additionally Learn | Millionaire grandchildren! Not simply Narayana Murthy’s grandson, these Infosys co-founders’ grandkids additionally maintain stake in companyDespite the latest progress, present demand from the tech sector stays under the degrees seen in 2022. Siva Prasad Nanduri, CEO of DTL (Diensten Tech Ltd), foresees a major enhance in contingent hiring in India, pushed by the expansion of worldwide functionality facilities within the nation.With roughly 5 million IT jobs available in the market, there’s a notable rise in contingent hiring, anticipated to extend from 4% to five% to 7% this yr, reflecting the evolving panorama of employment within the trade and the abundance of English-speaking IT expertise.
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