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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: The Nationwide Funds Corp of India (NPCI) is predicted to grant a third-party utility supplier (TPAP) license to Paytm, formally acknowledged as One 97 Communications, by March 15, Reuters reported, quoting three sources on Tuesday.Affect on clients and compliance issuesThis license will allow customers to proceed using the Paytm app for transactions by way of the unified fee interface (UPI) regardless of the upcoming halt in operations of its banking division, Paytm Funds Financial institution, by the identical date resulting from regulatory considerations over non-compliance.Understanding UPI and licensing processUPI, managed by the NPCI, facilitates real-time monetary transactions throughout totally different banks in India. Sources point out that the TPAP license’s approval is anticipated earlier than March 15, with most prerequisite evaluations already full. They famous, nonetheless, that integrating with banks may prolong past a month, however the license needs to be authorized by the deadline.Confidentiality and business responsesThe identities of the sources stay undisclosed as they aren’t cleared for media interplay. Responses from NPCI and Paytm to inquiries on the matter are pending.Paytm’s UPI operations and partnershipsReported declines in Paytm’s UPI transaction volumes in February are attributed to damages to the model’s fame. Nonetheless, transactions are anticipated to rebound following the license approval. Paytm is purportedly in talks to associate with distinguished Indian banks similar to Axis Financial institution, HDFC Financial institution, State Financial institution of India, and Sure Financial institution for UPI transaction processing.Regulatory deadlines and restrictionsSources counsel that the Reserve Financial institution of India (RBI) shouldn’t be inclined to postpone the March 15 deadline for Paytm Funds Financial institution to stop its capabilities. Submit-deadline, the financial institution might be barred from accepting new deposits into accounts or wallets.(With inputs from businesses)
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