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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.
NEW DELHI: India should go 100 per cent electrical in 2-wheelers and 3-wheelers by 2030 and turn into a worldwide EV manufacturing champion, the G20 Sherpa and former CEO Niti Aayog, Amitabh Kant, stated on Saturday. Kant emphasised the urgency for India to transition its automotive sector in direction of electrical mobility, declaring the period of fossil fuel-based combustion engines as “dead,” “Combustion engine technology based on fossil fuels is “useless” and the future is electric,” he stated. “Transformation of India’s automotive sectors is key; it contributes 7 per cent to its GDP, 35 per cent to manufacturing GDP and 8 per cent to total exports. India has the third-largest global auto market,” Kant stated in a submit on X. With the automotive sector contributing considerably to India’s GDP, manufacturing output, and exports, the nation acknowledges the crucial to adapt to the evolving international panorama. At the moment rating because the third-largest auto market globally, India boasts the title of the biggest producer of three-wheelers, the second-largest producer of two-wheelers and buses, and the fourth-largest producer of passenger automobiles. Governments Vahan portal dashboard exhibits an uptrend of EV registrations particularly of 2-wheelers, though 3 and 4-wheelers have proven a marginal decline. In January 2024, EV registration in India was 1,44,877, in Feb it declined just a little bit at 1,41,382 however as of March 30 the determine for the month confirmed an uptrend of 32 per cent at 1,86,143 autos. Kant additional harassed on the need for India to guide the cost in direction of electrical mobility, proposing an bold purpose of reaching 100 per cent electrification in two-wheelers and three-wheelers by 2030. “We need at least one million fast chargers in India to adopt EVs by 2030,” Amitabh Kant stated. He additionally pushed for the home manufacturing of those items as an alternative of importing them. “We need to push localization content in manufacturing, with megawatt-hour charging for buses and commercial vehicles All EV players & Start-ups instead of creating tech silos must work together to build an interoperable fast-charging network. This is critical for providing impetus to EV movement in India,” the G20 Sherpa stated. The shift in direction of electrical mobility represents greater than only a technological transition; it embodies a paradigm shift in India’s industrial panorama. Embracing disruption, India seeks to not solely retain its present market share but in addition to increase its affect on the worldwide stage.
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