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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.
Story continues under Commercial
Financial institution of India introduced on March 31 that it has acquired a requirement discover amounting to Rs 1,128 crore from the Evaluation Unit of the Revenue Tax Division, referring to the evaluation yr 2016-17.
“…. this is to inform that, on 30.03.2024 at 5.51 PM, the Bank has received a demand notice from the Assessment Unit, Income Tax Department, pertaining to AY 2016-17,” stated Financial institution Of India in its inventory change submitting.
Story continues under Commercial
The lender stated the discover, dated March 30, 2024, is expounded to sure disallowances made beneath part 156 of the Revenue Tax Act, 1961.
In its inventory change submitting, the state-owned financial institution clarified that the demand discover has no instant affect on its monetary, operational, or different actions. Financial institution of India said that it’s at present within the technique of interesting with the Commissioner of Revenue Tax (Appeals), Nationwide Faceless Attraction Centre (NFAC) towards the talked about order.
The financial institution additionally stated, primarily based on the precedents and rulings of Appellate Authorities, it’s assured that it possesses enough factual and authorized grounds to assist its stance on the difficulty fairly. Consequently, the financial institution expects your complete demand to subside.
Story continues under Commercial
Within the earlier buying and selling session on March 28, the scrip settled at Rs 137.05 apiece on the NSE, which was 3.90 % greater (or Rs 5.15) as towards the day gone by’s shut.
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