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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.
GST Collections March 2024: In a lift for the financial system, the gross Items and Providers Tax (GST) collections for the month of March got here in on the second highest ever degree of Rs 1.78 lakh crore. That is an 11.5% year-on-year progress, in accordance with the Ministry of Finance.This improve was primarily fueled by a major uptick in GST assortment from home transactions, rising by 17.6%.The online GST income, after refunds, stood at Rs 1.65 lakh crore for March 2024, reflecting an 18.4% progress in comparison with the identical interval final 12 months.The total 12 months complete gross GST assortment surpassed Rs 20 lakh crore, representing an 11.7% improve over the earlier fiscal 12 months. The typical month-to-month assortment for FY 2023-24 stood at Rs 1.68 lakh crore, exceeding the earlier 12 months’s common of Rs 1.5 lakh crore, the discharge mentioned.The online GST income, excluding refunds, reached Rs 18.01 lakh crore as of March 2024 for the present fiscal 12 months, indicating a progress of 13.4% over the identical interval final 12 months.Optimistic tendencies have been noticed throughout numerous elements of GST assortment for March 2024. The breakdown contains:Central Items and Providers Tax (CGST): Rs 34,532 croreState Items and Providers Tax (SGST): Rs 43,746 croreIntegrated Items and Providers Tax (IGST): Rs 87,947 crore, together with Rs 40,322 crore collected on imported goodsCess: Rs 12,259 crore, together with Rs 996 crore collected on imported goodsSimilar constructive tendencies have been evident within the general collections for FY 2023-24:Central Items and Providers Tax (CGST): Rs 3,75,710 croreState Items and Providers Tax (SGST): Rs 4,71,195 croreIntegrated Items and Providers Tax (IGST): Rs 10,26,790 crore, together with Rs 4,83,086 crore collected on imported goodsCess: Rs 1,44,554 crore, together with Rs 11,915 crore collected on imported goodsIn March 2024, the Central Authorities settled Rs 43,264 crore to CGST and Rs 37,704 crore to SGST from the IGST collected. This resulted in complete revenues of Rs 77,796 crore for CGST and Rs 81,450 crore for SGST after common settlement. For FY 2023-24, the central authorities settled Rs 4,87,039 crore to CGST and Rs 4,12,028 crore to SGST from the IGST collected.Traits in month-to-month gross GST revenuesThe above chart depicts the tendencies in month-to-month gross GST revenues.In accordance with Abhishek Jain, Oblique Tax Head & Companion, KPMG, A 17.6 % progress in assortment in March from home transactions signifies sturdy home financial progress and provides vital cheer to the general elevated collections. “Also, the average monthly collections increasing by approximately 18000 crores this year indicates robust growth story and recovery,” he says.
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