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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: German and another multinational firms are involved at Govt’s new incentive scheme to push investments into electrical automobile manufacturing, fearing that they could not get a “level-playing field” as particular import obligation charges could be given solely to new entrants however is probably not prolonged to present gamers.German makers reminiscent of BMW, the Volkswagen group and Mercedes-Benz are already mulling their official place on the matter, with their Indian subsidiaries briefing international headquarters concerning the new tax regime that has been introduced by the Indian govt final week, sources advised TOI.The brand new coverage, which mandates a 15% import obligation for many who commit at the least $500 million (Rs 4,150 crore) of funding in the direction of native manufacturing, aside from commitments on home worth addition, is being seen as beneficial for brand new gamers, reminiscent of, Vietnamese as effectively American Tesla, each of whom had pitched for decrease import charges within the preliminary a part of their India plans. India at the moment levies a tax of 70% or 100% on imported EVs, relying on their worth.German and another firms reminiscent of Korean Hyundai and Kia, aside from a number of the Indian homegrown makers, really feel their “early investments in the electric space should be counted” retrospectively. “The companies feel that they should not be ‘penalised’ just because they were the early ones to invest for electric vehicles production and localisation in India in line with govt’s thinking. The companies want govt takes into account funds they have already put in towards green technology in their local set-ups here,” one of many sources mentioned.“They don’t want to be ‘left out’ of any incentive scheme just because the govt is now rolling out sops to attract new investors. Their early commitment to India should also be factored in,” the supply mentioned.A number of the multinational firms are additionally planning to contain their native embassies in India to press forward their demand in the direction of driving in a ‘level-playing field’. “The embassies are also looking into the matter over the past few months, especially as a policy like the one announced was already being expected where new entrants were to be incentivised for entering India.”In its discussions with govt final yr, the Elon Musk firm had indicated that it could use India as a hub to provide lower-cost automobiles for the home market and for exports. VinFast had introduced a plan to take a position $2 billion in India in organising a facility in Tamil Nadu.
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