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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.
In what will be known as an an vital milestone in growth of Unified Cost Interface (UPI) service in overseas international locations, the NPCI Worldwide Funds Ltd (NIPL), the worldwide arm of Nationwide Funds Company of India (NPCI) and Fonepay Cost Service Ltd, Nepal’s fee community, have introduced that UPI is now stay for cross-border transactions between India and Nepal.Which means Indians visiting Nepal will have the ability to make QR-code-based funds with the UPI apps on their smartphones. The collaboration was introduced at International Fintech Fest 2023 in India in September.“We are elated to join hands with Fonepay to enable UPI payments in Nepal. This initiative not only signifies our commitment to innovating the digital payments space but also reflects our dedication to creating new avenues for trade, strengthening the bond between the two nations,” stated Ritesh Shukla, chief government officer of NIPL.Different international locations the place UPI is availableThe facility of utilizing UPI apps for transactions is out there in a number of international locations, together with Singapore, Canada, Oman, Saudi Arabia and the United Arab Emirates (UAE), amongst others.“NPCI International Payments Ltd (NIPL) and @fonepay Payment Service Ltd, have announced that UPI is now live for cross-border transactions between India and Nepal. This partnership will enable Indian consumers to make instant, secure and convenient QR code based UPI payments at select merchant locations in Nepal by using UPI-enabled Apps,” NPCI stated in a submit on X.“This milestone not only signifies a successful partnership between two payment system operators but also symbolises a new era of digital connection and collaboration between the two friendly nations,” it added.In January, Google Pay India and NIPL signed a Memorandum of Understanding (MoU) to develop UPI funds in different international locations, becoming a member of PhonePe and Paytm to supply UPI service to customers travelling overseas.
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