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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.
Within the backdrop of the continuing points with Paytm, Finance Minister Nirmala Sitharaman has deliberate a gathering with the heads of fintech firms within the coming week. The intention is purported to be stress on the necessity to adhere strictly to regulatory compliance.Final month, Paytm Funds Financial institution Ltd, an organization promoted by One97 Communications Ltd, has confronted regulatory actions from the Reserve Financial institution as a consequence of non-compliance with a number of regulatory norms, together with Know Your Buyer (KYC) pointers.Sources point out that the aim of the FM’s assembly with the CEOs of fintech firms is to debate their considerations and challenges. The assembly is anticipated to incorporate senior officers from the Reserve Financial institution, the finance ministry, and the Division for Promotion of Business and Inside Commerce, amongst others.A minimum of 20 fintech firms, associated to lending, cost processing and mutual funds are reported to be known as for the assembly. Why Paytm is probably not within the listing of inviteesSources stated that Paytm is unlikely to be known as for the assembly. Motive is claimed to be that the assembly just isn’t on Paytm Funds Financial institution per se. With out taking any sides, the FM is prone to emphasise on the significance to stick to KYC norms and compliances. By the way, Paytm CEO in addition to the corporate’s senior officers met FM in addition to senior officers of RBI earlier this month. Reserve Financial institution Governor Shaktikanta Das, in a media interplay, said that the central financial institution is all the time supportive of the fintech sector and is dedicated to its speedy development.RBI extends Paytm Cost Financial institution’s ‘deadline’Just lately, the RBI suggested clients and retailers of Paytm Funds Financial institution Ltd (PPBL) to switch their accounts to different banks by March 15. This offers the troubled entity a further 15 days to wind down most of its operations, together with deposit and credit score transactions.The preliminary deadline was February 29, 2024, however the RBI prolonged it by 15 days contemplating the pursuits of PPBL’s clients (together with retailers) who would possibly want extra time to rearrange options within the bigger public curiosity.The RBI has additionally ordered the closure of the ‘nodal accounts’ of One97 Communications Ltd, the proprietor of the Paytm model. One97 Communications, which holds a 49% stake in PPBL, considers it an affiliate firm slightly than a subsidiary.
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