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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.
RBI Financial Coverage Assembly: “The elephant has now gone out for a walk,” stated RBI governor Shaktikanta Das as a part of his financial coverage assertion. So what did Shaktikanta Das imply and what’s this elephant that he spoke of? The Reserve Banking of India (RBI) in its first Financial Coverage Committee (MPC) assembly for the brand new fiscal yr 2024-25 saved the important thing repo price unchanged at 6.5%.This was carried out holding in thoughts the strong GDP development numbers and the necessity to convey down inflation additional.In response to Shaktikanta Das, two years in the past, inflation was the elephant within the room. “Two years ago, around this time, when CPI inflation had peaked at 7.8 per cent in April 2022, the elephant in the room was inflation. The elephant has now gone out for a walk and appears to be returning to the forest,” he stated.Additionally Test | RBI Financial Coverage stay Updates“We would like the elephant to return to the forest and remain there on a durable basis. In other words, it is essential, in the best interest of the economy, that CPI inflation continues to moderate and aligns to the target on a durable basis. Till this is achieved, our task remains unfinished,” Shaktikanta Das stated.The RBI governor burdened on the necessity to not be distracted within the struggle in opposition to inflation. “The success in the disinflation process so far should not distract us from the vulnerability of the inflation trajectory to the frequent incidence of supply side shocks. Our effort is to ensure price stability on an enduring basis, paving the way for a sustained period of high growth,” he stated.Additionally Learn | Now, deposit money at Money Deposit machines utilizing UPI! RBI governor Shaktikanta Das makes necessary announcementAccording to Das, The Financial Coverage Committee met on third, 4th and fifth April 2024. After an in depth evaluation of the evolving macroeconomic and monetary developments and the outlook, it determined by a 5 to 1 majority to maintain the coverage repo price unchanged at 6.50 per cent.“Looking ahead, robust growth prospects provide the policy space to remain focused on inflation and ensure its descent to the target of 4.0 per cent. As the uncertainties in food prices continue to pose challenges, the MPC remains vigilant to the upside risks to inflation that might derail the path of disinflation,” he stated.
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