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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.
BENGALURU: 4 years after it turned a rage in the course of the pandemic, the Indian IT companies trade continues to be grappling with moonlighting, forcing corporations to enlist background verification corporations to conduct dual-employment checks earlier than onboarding new hires.Whereas moonlighting — the place staff tackle exterior paid gigs whereas being full-time employees of an organization — was as excessive as 4-5% of staff in an IT agency throughout Covid, it’s now pegged at 1-2%.This lower is attributed to corporations guaranteeing staff are again in workplace for at the least a couple of days per week, making it tougher for them to moonlight. Wriju Ray, chief enterprise officer of identification verification platform IDfy, mentioned that eight out of 10 purchasers are working moonlighting checks on their staff within the IT sector.Nonetheless, many staff discover methods to beat the system. Background verification agency Authbridge lately uncovered an IT worker working concurrently for “78 companies”, with all of the corporations crediting her PF into the identical account. The girl worker, a knowledge analyst working remotely, was caught when one of many employers triggered a dual-employment test utilizing an AI algorithm to test for moonlighting for all staff.“A person can have multiple employees crediting PF into the same PF account. Many companies don’t run dual-employment verification for their employees. They will conduct a basic background screening,” mentioned Ajay Trehan, founder and CEO of Authbridge. “The only logical explanation is she must have been running a mini BPO setup at her home with multiple terminals and enrolled people to work on a project basis. We only run a check on PF credentials for dual employment. The employer, in this case, wanted a dual employment check on all their employees. That is when we busted this case,” he mentioned.In one other occasion, Authbridge discovered an worker with “15 jobs” at a given point in time. These incidents have come to light within the last six to 12 months. Most companies have strict rules prohibiting employees from taking up external work without mutual agreement. Another background screening firm, OnGrid, encountered a case where an individual started moonlighting in 2021 with two firms but had secured “employment with 15 firms” by 2023 finish. The case was tracked utilizing the person’s PF particulars. In accordance with AuthBridge’s information, one in each 1,000 IT staff has greater than three jobs concurrently.Corporations conduct moonlighting checks usually, largely as soon as 1 / 4, in contrast to in 2021, when verification checks have been accomplished solely throughout onboarding. Quarterly checks are largely accomplished by corporations that function in a hybrid mode. Companies are shifting in direction of employment historical past verification, which entails ascertaining the interval of employment utilizing PF information and guaranteeing there was no overlap of employment at any stage, in distinction to employment verification the place earlier employers are contacted.In 2021, Wipro’s chairman, Rishad Premji, disclosed that the corporate had fired 300 staff previously few months for working for direct rivals whereas being on Wipro’s payroll. This disclosure got here after he described moonlighting as “cheating — plain and simple” in a tweet.Infosys had despatched a stern e mail to its staff, stating that disciplinary motion, together with termination, could be taken if anybody was discovered to be moonlighting.Authbridge employs a rigorous course of to detect twin employment situations utilizing the Common Account Quantity (UAN). By leveraging the UAN, the corporate can entry ex-employer particulars and provoke verification procedures based mostly on the offered info. As soon as purchasers furnish the UAN numbers, Authbridge cross-checks for any concurrent employment in the course of the consumer’s present tenure.
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