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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: Airline operator SpiceJet and Celestial Aviation, a subsidiary of AerCap, one of many largest plane lessor teams, have mutually settled their USD 29.9 million (Rs 250 crore) dispute by way of amicable negotiations, avoiding litigation.The representatives of each events knowledgeable a bench of NCLT final week that settlement phrases had been reached, and thus requested an adjournment.The Court docket graciously granted the adjournment.The matter is now scheduled to be formally withdrawn on March 1, 2024.SpiceJet lately secured investments totaling Rs 1,060 crore by way of a preferential challenge, with notable traders together with Aries Alternatives Fund Restricted and Elara India Alternatives Fund Restricted. A part of these funds can be allotted in the direction of settling previous liabilities.Ajay Singh, Chairman and Managing Director, SpiceJet, stated, “I am pleased to announce that SpiceJet and Celestial Aviation have successfully resolved our USD 29.9 million dispute through mutual agreement. This settlement marks a significant step forward for both parties and underscores our commitment to finding amicable solutions to complex challenges.””With this resolution, we can now focus on revamping our fleet and driving our business forward. I am grateful for the support of our stakeholders, including our investors, as we navigate through this process.”The airline reportedly plans a Rs 22.50 billion fundraising effort by promoting shares and warrants.SpiceJet, which has been going through a number of headwinds, is of the view that the raised funds are anticipated to play a pivotal function in financing operational enlargement initiatives, together with fleet enhancement, route community enlargement, and technological developments.In its newest transfer, aiming to save lots of about Rs 100 crore on an annual foundation, low-cost airline SpiceJet is about to put off at the very least 1,000 workers.On February 13, a spokesperson of the airline SpiceJet confirmed that the manpower rationalisation was a part of its cost-cutting technique, in addition to guaranteeing worthwhile progress.The airline, which was launched in 2005, presently has round 9,000 workers and 30 planes, 10 of that are wet-leased. Within the pre-pandemic 12 months 2019, the airline had a fleet of 118 planes and greater than 15,000 workers.In the meantime, SpiceJet decreased its web loss to Rs 428 crore in Q2 FY2024, a major enchancment from the online lack of Rs 835 crore in Q2 FY2023.SpiceJet operates about 250 day by day flights to 48 locations inside India and to worldwide locations. Its fleet is a mixture of plane, together with the Boeing 737 Max, Boeing 700 and Q400s.
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