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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: One97 Communications is more likely to accomplice SBI, HDFC Financial institution, Axis Financial institution and Sure Financial institution to settle UPI transactions as soon as it will get the third-party app supplier licence.Banking sources stated that the switchover shall be clean and phased, because the @paytm deal with shall be retained. Nevertheless, as a substitute of pointing to PPBL, these handles will level to one of many 4 banks for settlement.Sources stated that PPBL’s system would additionally proceed to operate after March 15 as clients would be capable to function their accounts for withdrawal, and the financial institution must proceed offering UPI providers to facilitate withdrawal.”Unlike in the case of Yes Bank in March 2020, there is no pressure as PPBL has to remain operational because of RBI directions,” stated a senior banker. He added that the switch of settlement to the 4 banks would occur in phases, and as soon as One97 Communications is allowed to onboard clients with a brand new TPAP licence, it must present a brand new deal with.On the service provider aspect, those that have a present account with PPBL are being individually migrated to different banks. The agency has already opened a nodal account with Axis Financial institution and can open accounts with different banks quickly.
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