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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 replace: The Reserve Financial institution of India (RBI) has introduced further measures to make sure uninterrupted digital funds for UPI clients using the @paytm deal with, following its resolution that Paytm Funds Financial institution will halt accepting additional credit into buyer accounts and wallets after March 15, 2024.These directives apply completely to present @paytm UPI deal with customers, with no motion required for these utilizing UPI addresses aside from @paytm.RBI has instructed the Nationwide Funds Company of India (NPCI) to evaluate One97 Communication Ltd (OCL) request to function as a Third-Celebration Software Supplier (TPAP) for the UPI channel on the Paytm app. This transfer aligns with regulatory requirements.NPCI’s potential granting of TPAP standing to OCL would necessitate the seamless migration of @paytm handles from Paytm Funds Financial institution to a choose group of newly recognized banks, stopping any disruption.To be able to mitigate focus threat, RBI has directed NPCI to certify 4-5 banks as Fee Service Supplier (PSP) banks able to dealing with high-volume UPI transactions.Additionally Learn | Paytm Funds Financial institution disaster: RBI releases FAQs for purchasers – all queries on UPI, FASTag, Paytm pockets answered; verify full listMerchants utilizing Paytm QR codes might even see settlement accounts opened with PSP banks aside from Paytm Funds Financial institution, ought to OCL pursue this course.To sum up, the extra steps, as listed by RBI are as follows:Nationwide Funds Company of India (NPCI) has been suggested by the RBI to look at the request of One97 Communication Ltd (OCL) to turn out to be a Third-Celebration Software Supplier (TPAP) for UPI channel for continued UPI operation of the Paytm app, as per the norms.It has been additional suggested that within the occasion of NPCI granting TPAP standing to OCL, it could be stipulated that ‘@paytm’ handles are to be migrated in a seamless method from Paytm Funds Financial institution to a set of newly recognized banks to keep away from any disruption. No new customers are to be added by the stated TPAP till all the present customers are migrated satisfactorily to a brand new deal with.For seamless migration of ‘@paytm’ deal with to different banks, NPCI could facilitate certification of 4-5 banks as Fee Service Supplier (PSP) Banks with demonstrated capabilities to course of excessive quantity UPI transactions. That is consistent with NPCI norms for minimising focus risk1.For the retailers utilizing PayTM QR Codes, OCL could open the settlement accounts with a number of PSP Banks (aside from Paytm Funds Financial institution).RBI reiterates its stance that clients with accounts or wallets linked to Paytm Funds Financial institution ought to organize various banking preparations properly upfront of March 15, 2024.Moreover, holders of FASTag and Nationwide Frequent Mobility Playing cards (NCMC) issued by Paytm Funds Financial institution are suggested to hunt various options earlier than the aforementioned date.These measures, as said by RBI in its press launch, are solely geared toward safeguarding clients and the cost system in opposition to potential disruptions and are unbiased of any regulatory or supervisory actions initiated in opposition to Paytm Funds Financial institution.
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