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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: In a latest ruling, the Supreme Courtroom (SC) clarified that reductions given on the print value of pay as you go SIM playing cards and recharge coupon vouchers by telecom operators to distributors won’t set off withholding tax obligations below the Earnings-tax legal guidelines.The SC’s resolution, which got here in a batch of appeals with Bharti Mobile because the lead case, settled an argument that had seen conflicting judgments from varied excessive courts.The SC laid out a four-factor take a look at to find out if an entity qualifies as an agent, emphasizing components comparable to authorized energy to bind the principal, management over conduct, fiduciary relationship, and accountability to render accounts and obtain remuneration.EY-India in its publication explains that, on this case, the SC discovered no principal-agent relationship between the distributors and the telecom operators, as distributors had been required to buy the SIM playing cards and vouchers at a reduced value, with the liberty to promote beneath the printed value with out rendering accounts to the telecom operators.The SC clarified that telecom operators weren’t liable to withhold tax as they didn’t credit score or pay any revenue to distributors as fee. It additionally emphasised that the revenue earned by distributors from resale can’t be thought of as oblique cost by the telecom firm.Moreover, the SC famous that the telecom operators, not being aware of contracts between distributors and finish prospects, can’t be anticipated to withhold tax at supply. The SC advisable that the Central Board of Direct Taxes (CBDT) challenge clear and potential directions or circulars to keep away from such disputes sooner or later.
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