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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.
MUMBAI: What’s in a quantity? Effectively, a fictitious cell quantity ‘9999999999’ that was entered by Abu Dhabi Funding Authority to allow it to add its revenue tax return on the portal, led to I-T authorities doubting the veracity of this entity. Consequently, the commissioner (appeals) upheld tax at 20% on curiosity revenue of about Rs 365 crore earned by it from Indian debt securities throughout FY19. As dividend revenue was exempt within the palms of shareholders, the dividend of practically Rs 700 crore was not a topic of dispute.This led to ADIA submitting an enchantment with the Revenue Tax Appellate Tribunal. As a ‘govt’ physique it was entitled to tax exemption in India, underneath Article 24 of the India-UAE tax treaty. ITAT frowned on the actions of the decrease tax authorities and upheld the tax exemption.Chartered accountants level out {that a} important variety of non-residents, within the absence of a cell quantity in India, have crammed on this 10-digit numerical code to add their I-T return. This ITAT order may also assist different non-residents who’ve or could face tax calls for due to this fictitious cell quantity entered by them.Of their order, the ITAT bench harassed that the tax treaty profit had been denied on a ‘very flimsy floor’. The rationale given by the commissioner (appeals) is that the cell quantity ‘9999999999’ was indicated by the Truecaller app to be a fraud quantity. On this foundation, the commissioner (appeals) surmised that ADIA is a fraud firm, relatively it concluded that it’s not an organization belonging to Abu Dhabi govt.The ITAT bench identified, “Once all other details have been provided, and if that is doubted, then, he should have verified the PAN and the address provided in the return to see whether it is an Abu Dhabi govt-owned company. If he was incapable of verifying then, he should have asked the assessee (ADIA)… It is really surprising that the first appellate authority (aka appellate commissioner) will deny the status of govt-owned authority simply by looking up the mobile number in the Truecaller app. Such an approach is to be frowned upon and is liable to be rejected at the threshold.”
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