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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.
SBI debit card fees: The State Financial institution of India (SBI) has not too long ago introduced revisions to the annual upkeep fees for sure debit playing cards, set to take impact from April 1, 2024. As per an ET report, these adjustments goal to streamline the charge construction and guarantee continued service high quality for cardholders. Under are the important thing highlights of the revised fees:Basic debit cardsAnnual upkeep fees for Basic, Silver, International, and Contactless Debit Playing cards shall be elevated to Rs.200/- plus GST, up from the earlier Rs. 125/- plus GST.Yuva and different cardsFor debit playing cards like Yuva, Gold, Combo Debit Card, and My Card (Picture Card), the annual upkeep charge will rise to Rs. 250/- plus GST, in comparison with the sooner Rs. 175/- plus GST.Platinum debit cardHolders of SBI Platinum debit playing cards will see their annual upkeep fees go as much as Rs. 325/- plus GST, from the sooner Rs. 250/- plus GST.ALSO READ | What are FASTag fees? Examine particulars for issuers – SBI, HDFC Financial institution, ICICI Financial institution, Airtel Funds Financial institution & morePremium Enterprise debit cardAnnual upkeep fees for premium enterprise debit playing cards equivalent to Satisfaction Premium Enterprise Debit Card shall be elevated to Rs. 425/- plus GST, up from Rs. 350/- plus GST.DEBIT CARD ANNUAL MAINTENANCE CHARGESSr NoParticularsExisting ChargesRevised Expenses(01.04.2024)1Classic /Silver/International/Contactless Debit Playing cards.Rs.125/ +GSTRs. 200/ + GST2Yuva/Gold/Combo Debit Card/My Card (Picture Card)Rs.175/ + GSTRs. 250/+ GST3Platinum Debit CardRs. 250/ +GSTRs. 325/+ GST4Pride / Premium Enterprise Debit CardRs.350/ +GSTRs. 425/+ GSTNote: GST is relevant @ 18percentAdditional charges like debit card issuance charges, substitute charges, and others.Sl.NoParticularsChargesRs1Debit Card Issuance ChargesClassic /Silver/International/Contactless Debit CardNilGold Debit CardRs 100/- + plus GSPlatinum Debit CardRs 300/- + plus GSTMy Card (Picture Card)2Debit Card Annual Upkeep Expenses (Recovered at the start of the second yr onwards)Basic Debit CardRs 125/- plus GSTSilver/International Contactless Debit CardRs 125/- plus GSTYuva / Gold /Combo / My Card (Picture) Debit CardRs 175/- plus GSTPlatinum Debit CarRs 250/- plus GSTPride/Premium Enterprise Debit CardRs 350/- plus GST3Debit Card Alternative ChargesRs 300/- plus GST4Duplicate PIN/ Regeneration of PINRs 50/- plus GST5International Transaction ChargesBalance enquiry at ATMsRs 25 /- + GSTATM Money withdrawal transactionsRs 100/- min. + 3.5% of Txn. Amt. + GSTPoint of Sale(PoS)/ eCommerce transactions3% of transaction quantity plus GSTSBI Card adjustments Beginning April 1, 2024, SBI Playing cards is not going to earn reward factors on hire funds for particular bank cards. Moreover, for some playing cards, reward factors earned from hire funds will expire on April 15, 2024.
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