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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.
Gold Price At present In India: On March 26, 2024, gold costs skilled a fall in India largely. Nonetheless, the elemental value for 10 grams remained near Rs 61,000. A radical evaluation of the market revealed that the typical value for 10 grams of 24-carat gold was roughly Rs 66,710, whereas 22-carat gold averaged round Rs 61,150.On the similar time, the silver market displayed an upward development, reaching Rs 77,500 per kilogram.Gold charge right this moment in India: Retail gold value on March 26 Gold Price At present In DelhiAs of March 26, 2024, in Delhi, the present value for 10 grams of 22-carat gold is roughly Rs 61,300, whereas 10 grams of 24-carat gold is priced at round Rs 66,860.Gold Price At present In MumbaiCurrently in Mumbai, the worth of 10 grams of 22-carat gold stands at Rs 61,150, whereas the equal quantity of 24-carat gold is valued at Rs 66,710.Gold Price At present In AhmedabadIn Ahmedabad, the worth for 10 grams of 22-carat gold is Rs 61,200, and for a similar quantity of 24-carat gold, it’s Rs 66,760.Test gold charges right this moment in several cities on March 26, 2024; (In Rs/10 grams)City22 Carat Gold Price24-Carat Gold PriceChennai62,00067,640Kolkata61,15066,710Gurugram61,30066,860Lucknow61,30066,860Bengaluru61,15066,710Jaipur61,30066,860Patna61,20066,760Bhubaneshwar61,15066,710Hyderabad61,15066,710Multi Commodity ExchangeOn March 26, 2024, the Multi Commodity Trade (MCX) noticed lively buying and selling in gold futures contracts expiring on April 5, 2024. These contracts had been priced at Rs 65,961 per 10 grams. Moreover, silver futures contracts expiring on Could 3, 2024, had been quoted at Rs 74,763 on the MCX. Commercial Retail Price of GoldThe retail value of gold in India, sometimes called the gold charge, is the ultimate value per unit weight that clients pay when buying gold. This value is influenced by a number of elements past the inherent worth of the metallic itself.Gold is very essential in India due to its cultural significance, its worth for funding, and its conventional position in weddings and festivals.Mohammad HarisHaris is Deputy Information Editor (Enterprise) at news18.com. He writes on varied situation…Learn Morefirst printed: March 26, 2024, 10:45 ISTNews18 Be part of our Whatsapp channel
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