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How I Turned ₹5,000/month into ₹6 Lakhs — My 3-Year SIP Journey

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.
  • Start SIPs as early as possible
  • Stay consistent, ignore short-term volatility
  • Review portfolio annually, not monthly
  • Invest for long-term goals, not quick gains

GoodEnough Vitality has introduced plans to launch India’s first battery vitality storage gigafactory in Jammu and Kashmir by October. The power goals to cut back over 5 million tons of carbon emissions yearly, supporting India’s purpose of reaching web zero by 2070. This discount is equal to the Indian Railway’s annual carbon discount goal of 4 million tonnes.With an preliminary funding of $18.07 million, the 7 GWH plant will see an additional 3 billion rupees injected by 2027 to scale as much as 20 GWH, Reuters quoted the founder Akash Kaushik as saying. These initiatives are essential for India’s goal to succeed in 500 GW of renewable vitality capability by 2030 from the present 178 GW. The federal government is providing incentives value $452 million to advertise battery storage initiatives, facilitating the storage and utilization of vitality from numerous renewable sources like photo voltaic and wind.The corporate is at the moment within the course of of building its plant, aiming for operational readiness by October of this yr, with an preliminary manufacturing capability for battery vitality storage programs (BESS) set at 7GWh every year.Throughout an occasion unveiling its BESS expertise, Kaushik instructed PTI that the corporate has invested Rs 160 crore up to now in growing a BESS manufacturing facility able to producing 7GWh. Kaushik additional outlined the corporate’s plans, detailing a proposed funding of Rs 450 crore to develop the BESS manufacturing facility to realize a complete capability of 20GWh every year by 2026.The Gigafactory goals to ascertain a totally built-in ecosystem, facilitating the manufacturing of superior battery vitality storage programs to empower numerous industries of their efforts to cut back carbon emissions.On Tuesday, the corporate introduced the most important Gigafactory within the presence of Dinesh Jagdale, Joint Secretary of New & Renewable Vitality, and Rahul Walawalkar, President of the India Vitality Storage Alliance.Kaushik highlighted the numerous enchancment in BESS pricing, now at Rs 3 per KWh/unit, making it corresponding to different fossil-fuel primarily based electrical energy sources.He emphasised the environmental influence, noting {that a} 125KVA generator consuming 60 litres of diesel each day for 2 hours ends in CO2 emissions of 180 kg. Equally, every electrical energy unit (kWh) from a diesel generator or coal plant produces one kilogram of CO2.

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