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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.
Paytm Funds Financial institution layoffs: Digital funds platform Paytm Funds Financial institution is ready to scale back its workforce by roughly 20% because it navigates uncertainties surrounding its future operations. The transfer is available in response to a looming deadline imposed by the Reserve Financial institution of India (RBI) for the financial institution to stop most of its actions.In response to a Reuters report, Paytm Funds Financial institution has initiated employees layoffs throughout numerous divisions, together with operations.As of December 2023, the financial institution employed 2,775 people, as per information from Tracxn, an data supplier.Paytm, generally known as One 97 Communications, owns 49% of the financial institution. The RBI directed the financial institution in late January to stop accepting credit score transactions or deposits in financial savings accounts, pay as you go playing cards, and digital wallets by March 15 attributable to ongoing compliance points. Since then, Paytm shares have witnessed a major decline, dropping 54% of their worth.An worker from the banking unit informed Reuters that because of the timing of the regulatory order throughout the appraisal season, these with low scores are being let go.ALSO READ | Paytm FASTag customers alert! NHAI needs customers to obtain new one from one other financial institution by March 15They expressed frustration as a result of administration had initially promised no layoffs. One other banking unit worker confirmed that in a February town-hall assembly, Paytm CEO Vijay Shekhar Sharma assured employees there could be no job cuts.Each sources most popular to be nameless as they lacked authorisation to talk to the media.Whereas Paytm Funds Financial institution declined to touch upon the employees reductions, a spokesperson from Paytm mentioned, “There are no layoffs here”. The spokesperson clarified that the continued annual appraisal cycle may end in changes primarily based on efficiency evaluations and position suitability. The spokesperson mentioned that this course of differs from layoffs.Following the deadline on Friday, prospects with current deposits within the financial institution’s accounts, wallets, and toll tags for freeway taxes can nonetheless entry them. Nonetheless, the financial institution won’t settle for any new deposits.Paytm Funds Financial institution will retain its regulatory license except revoked by the RBI.ALSO READ | Paytm Funds Financial institution, free Aadhaar updation, tax saving & extra: 9 cash deadlines in March 2024 that you shouldn’t missThe second supply expressed uncertainty in regards to the future position of Paytm Funds Financial institution. Each sources famous a scarcity of communication from Paytm concerning the following steps for banking employees.In response to the second supply, Paytm has moved roughly 100 staff from the banking unit.Regardless of regulatory challenges, Paytm goals to proceed its digital cost companies by way of its app. The corporate expects to acquire a license from the Nationwide Funds Corp of India (NPCI) that may allow prospects to make use of the Paytm app for funds through the unified cost interface (UPI).
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