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How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
In 2020, I was saving ā¹5,000/month with no real strategy. I stumbled into SIPs by chance. Today, that same habit has grown into ā¹6,12,000 ā and taught me 3 major lessons about compounding, patience, and mistakes I wish I avoided earlier.
š 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.
š 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
š 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: ā¹6,12,000
Average returns: 13-15% p.a.
š§ What Iād Do Differently If Starting Again
If I could start over, Iād set up my SIPs and forget about the daily market noise. Iād diversify a bit more, avoid panic-selling, and trust the process. Most importantly, Iād start even earlier ā because time is your biggest ally in compounding.
Start SIPs as early as possible
Stay consistent, ignore short-term volatility
Review portfolio annually, not monthly
Invest for long-term goals, not quick gains
GST for residential property used for commercial purposes
GST for residential property -In a recent decision, the Rajasthan bench of the Authority for Advance Rulings (AAR) clarified how taxes work when someone uses a business house and is registered for Goods and Services Tax (GST).
Deepak Jain rented his place to a company doing office work. Before July 17, 2022, if you rented a living home, there was no tax, but for businesses, there was an 18% tax. After July 18, 2022, things changed. Renting homes for living now has a tax using a different method, but only if the person renting is registered for GST.
GST for residential property used for commercial purposes
Sorting Out Lease Agreements
Even though local authorities said Jain’s property was for living, his agreement with the company stated it was for business. The AAR said that, despite local rules, what matters most is how the property is mainly used for business.
What the Ruling Means for Taxes
How Much Tax and Who Pays
Renting for business now has an 18% tax, and the person renting out the place has to pay this tax directly.
AAR’s Opinion on Home Definition
The AAR decided that Jain’s property doesn’t count as a home for tax purposes because it’s used for business, following rules from July 13, 2022.
Figuring Out the Property’s Nature
The AAR highlighted that how the property is used and how long people stay there determine if it’s seen as a home or a business space.
Conclusion: A Guide to GST Rules
To sum it up, the AAR’s decision helps people renting homes for business understand GST better. The main lesson is that the key factor is how the property is mostly used for business. Keeping up with such rules is crucial for making smart choices in the world of taxes.
Use our free SIP Calculator to estimate your investment returns, visualize compounding, and start building wealth today ā no sign-up required.
Why Use Our SIP Calculator?
Simple Inputs
Just enter your monthly investment, time period, and expected return rate.
Visual Growth Charts
See how your wealth grows month by month with powerful visuals.
Customizable Results
Test different scenarios to find the perfect investment plan for you.
Start Building Wealth Today
Don't wait to take control of your financial future. Let compounding do the work for you.
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
In 2020, I was saving ā¹5,000/month with no real strategy. I stumbled into SIPs by chance. Today, that same habit has grown into ā¹6,12,000 ā and taught me 3 major lessons about compounding, patience, and mistakes I wish I avoided earlier.
š 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.
š 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
š 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: ā¹6,12,000
Average returns: 13-15% p.a.
š§ What Iād Do Differently If Starting Again
If I could start over, Iād set up my SIPs and forget about the daily market noise. Iād diversify a bit more, avoid panic-selling, and trust the process. Most importantly, Iād start even earlier ā because time is your biggest ally in compounding.
Start SIPs as early as possible
Stay consistent, ignore short-term volatility
Review portfolio annually, not monthly
Invest for long-term goals, not quick gains
One in every of Chinaās largest property corporations delayed its earnings report whereas one other posted a document revenue decline because the nationās actual property disaster exhibits no indicators of easing.Nation Backyard Holdings Co, as soon as the nationās prime residential builder by gross sales, made a shock announcement late Thursday that it’s going to miss a deadline for reporting annual outcomes, saying it wants extra info.China Vanke Co, at one time the most important listed developer, stated web revenue tumbled 46% final yr, the largest drop since its 1991 itemizing. The dire statements, together with a leap in dangerous loans at some banks, underscore how a weak financial system and sluggish shopper confidence proceed to weigh on house gross sales on the earthās second-biggest financial system. Annual worth declines deepened in February for each new and used houses, highlighting the problem for authorities as they attempt to salvage the beleaguered market. Chinaās property sector āwill likely register the first time net loss since our coverage,ā stated Raymond Cheng, head of China property analysis at CGS Worldwide Securities HK. āWe remain cautious on the sector until developersā sales improve.āThe downturn has spared few corporations, be it personal or state-backed. Nation Backyard and Vanke have been each hailed as seemingly survivors only a yr in the past. Nation Backyard roiled markets when it defaulted on its greenback debt in October and Vanke is combating to stave off default by way of negotiation with insurers on debt.Nation Backyard stated it expects to delay publishing its 2023 outcomes past the March 31 deadline imposed by regulators. The delay will seemingly lead to a suspension of buying and selling on April 2 when the Hong Kong market reopens after Easter, the agency stated in a submitting. The postponement alerts the developerās troubles are getting into a brand new chapter after a Hong Kong court docket obtained a creditorās petition to wind up the corporate following the default on greenback debt. The corporate additionally missed a coupon cost on a yuan bond this month for the primary time. The transfer āsuggests new impediments to its restructuring, with any delays to its debt plan likely to fuel concerns of lawsuit risk,ā stated Bloomberg Intelligence analyst Kristy Hung, in a analysis be aware.Nation Backyard stated it wants time to gather extra info so it might āmake appropriate accounting estimates and judgments, and reasonably reflect changes in the industry,ā in accordance with the submitting. Vanke in the meantime stated web earnings attributable to shareholders shrank to 12.2 billion yuan ($1.69 billion) for 2023. The drop dwarfs a 14% slide anticipated by analysts surveyed by Bloomberg. The enormous builder stated it goals to chop debt by greater than 100 billion yuan within the subsequent two years because it āfirmly deleverages.ā Vanke didnāt suggest a money or inventory dividend, skipping a full-year payout for the primary time since its 1991 itemizing within the China market. Vankeās inventory stumbled as a lot as 3.8% on Friday to just about a decade low in Shenzhen. A few of its longer-dated bonds lately traded close to 40 cents, approaching deeply distressed ranges. Vanke has a $600 million bond due in June buying and selling above 90 cents, indicating much less investor concern about compensation within the short-term.Vanke has sufficient financing assist from banks, the corporateās President Zhu Jiusheng stated in a web based briefing on Friday, including that it has 26 banking companions.Along with mid-sized builders, the previous giants provide a glimpse into the sectorās worst earnings season ever as the actual property droop enters a fourth yr. Amongst 23 property builders which have launched earnings, 14 introduced a web loss and 6 reported shrinking revenue, Bloomberg calculations present. Simply three noticed a gentle revenue achieve. China’s embattled builders report extensive loss The protracted property downturn has additionally eroded the steadiness sheets of the most important state banks as their dangerous loans creep up, suggesting a spillover to the monetary sector. Beijing tasked state-owned banks with serving to pump up the home financial system in addition to supporting debt-laden property builders. Financial institution of Communications Co reported that its property dangerous mortgage ratio jumped to 4.99% on the finish of final yr from 2.8% a yr earlier. Larger rival Industrial & Industrial Financial institution of China Ltd. noticed its dangerous loans from residential mortgages rise 9.6%. Agricultural Financial institution of China Ltd reported a 4.7% improve in soured residential mortgage loans final yr. A persistent house gross sales drought has endangered an more and more bigger group of builders. The residential gross sales droop deepened in February at the same time as worth declines eased barely on a month-on-month foundation. The gross sales weak spot has prompted some world credit score raters to downgrade a number of the corporations into junk territory, together with Vanke and Longfor Group Holdings Ltd. Fitch Rankings on Thursday reduce forecasts for the housing market, now anticipating a 5%-10% fall in new house gross sales this yr amid weaker home-buying demand. The rankings agency beforehand estimated a 0%-5% decline.
Use our free SIP Calculator to estimate your investment returns, visualize compounding, and start building wealth today ā no sign-up required.
Why Use Our SIP Calculator?
Simple Inputs
Just enter your monthly investment, time period, and expected return rate.
Visual Growth Charts
See how your wealth grows month by month with powerful visuals.
Customizable Results
Test different scenarios to find the perfect investment plan for you.
Start Building Wealth Today
Don't wait to take control of your financial future. Let compounding do the work for you.
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
In 2020, I was saving ā¹5,000/month with no real strategy. I stumbled into SIPs by chance. Today, that same habit has grown into ā¹6,12,000 ā and taught me 3 major lessons about compounding, patience, and mistakes I wish I avoided earlier.
š 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.
š 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
š 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: ā¹6,12,000
Average returns: 13-15% p.a.
š§ What Iād Do Differently If Starting Again
If I could start over, Iād set up my SIPs and forget about the daily market noise. Iād diversify a bit more, avoid panic-selling, and trust the process. Most importantly, Iād start even earlier ā because time is your biggest ally in compounding.
Start SIPs as early as possible
Stay consistent, ignore short-term volatility
Review portfolio annually, not monthly
Invest for long-term goals, not quick gains
BEIJING: China’s manufacturing facility output and retail gross sales beat expectations within the January-February interval, marking a strong begin for 2024 and providing some reduction to policymakers whilst weak spot within the property sector stays a drag on the financial system and confidence. Monday’s information be part of current better-than-expected exports and shopper inflation indicators, offering an early increase to Beijing’s hopes of reaching what analysts have described as an formidable 5.0% GDP development goal for this yr. “China’s activity data broadly stabilised at the start of the year. But there are still reasons to think some of the strength could be one-off,” mentioned Louise Lavatory, China economist at Oxford Economics. Industrial output rose 7.0% within the first two months of the yr, information launched by the Nationwide Bureau of Statistics (NBS) confirmed on Monday, above expectations for a 5.0% enhance in a Reuters ballot of analysts and quicker than the 6.8% development seen in December. It additionally marked the quickest development in virtually two years. Retail gross sales, a gauge of consumption, rose 5.5%, slowing from a 7.4% enhance in December however beating an anticipated 5.2% acquire. The eight-day Lunar New 12 months vacation in February noticed a strong return of journey, which supported income of tourism and hospitality sectors. That additionally led to a 3% development in oil refinery throughput to satisfy sturdy demand for transport fuels. The NBS publishes mixed January and February industrial output and retail gross sales information to easy out distortions brought on by the shifting timing of the Lunar New 12 months. “Consumers were buoyed temporarily by festivities-related spending at this start of the year. In the absence of decisive consumption-related stimulus this year, we think it would be difficult to sustain a robust consumer spending pace this year,” Oxford’s Lavatory mentioned. Lavatory’s cautious feedback replicate broader consensus amongst China watchers that Beijing has its work lower out in reaching its 2024 financial development goal of “around 5.0%”. Whereas the aim was just like 2023, analysts observe final yr had a decrease base impact on account of COVID curbs in 2022. Traders have been relieved by the better-than-expected information, with Asian shares firming and Chinese language blue chips up 0.4%. Property pains A protracted disaster within the property sector, a key pillar of the financial system, stays a serious concern for policymakers, shoppers and buyers. Monday’s information provided little reduction on that entrance with declines in property funding narrowing in January-February, however nonetheless removed from ranges of reaching stability. The frailty of the sector was highlighted by the poor demand. Property gross sales by ground space logged a 20.5% slide in January-February from a yr earlier, in contrast with a 23.0% fall in December final yr. Goldman Sachs economists mentioned China’s sequential development momentum remained strong within the first quarter regardless of notable divergence throughout sectors. “However, to secure the ambitious ‘around 5%’ growth target this year, more policy easing is still necessary, especially on the demand-side (e.g., fiscal, housing and consumption).” On the brighter facet, fastened asset funding expanded 4.2% within the first two months of 2024 year-on-year, versus expectations for a 3.2% rise. It grew 3.0% in the entire of 2023. Notably, non-public funding grew 0.4% within the first two months, reversing the decline of 0.4% in the entire yr of 2023 Structural challenges The job market, one other space carefully watched by authorities and buyers, confirmed blended outcomes having deteriorated sharply throughout the COVID years. The nationwide survey-based jobless fee rose to five.3% in February from 5.2% January, which NBS spokesperson Liu Aihua attributed to seasonal components related to the Lunar New 12 months. Premier Li Qiang promised on the annual parliamentary assembly earlier this month to remodel the nation’s development mannequin and defuse dangers within the property sector and native authorities debt. The nation’s central financial institution governor Pan Gongsheng additionally mentioned earlier this month that there was nonetheless room to chop banks’ reserve ratio requirement (RRR), following a 50-basis factors lower introduced in January, which was the largest in two years. International financial easing expectations can also provide some reduction for China’s hopes of strengthening its huge manufacturing sector though financial circumstances in lots of key developed nations look gloomy over the close to time period. Britain slipped right into a recession within the second half of final yr, whereas Japan and the euro zone have proven meagre development. Policymakers have pledged to roll out additional measures to assist stabilise development after the steps applied since June had solely a modest impact, however analysts warning Beijing’s fiscal capability is now very restricted and observe Li’s tackle to the annual parliamentary assembly did not encourage investor confidence. Many economists say there’s a danger that China could start flirting with Japan-style stagnation later this decade until authorities take steps to reorient the financial system in direction of family consumption and market-allocation of assets. “We expect economic momentum to improve further in the near-term given the tailwind from policy stimulus,” mentioned Zichun Huang, China economist at Capital Economics. “But this recovery may prove short-lived due to the economy’s underlying structural challenges”.
Use our free SIP Calculator to estimate your investment returns, visualize compounding, and start building wealth today ā no sign-up required.
Why Use Our SIP Calculator?
Simple Inputs
Just enter your monthly investment, time period, and expected return rate.
Visual Growth Charts
See how your wealth grows month by month with powerful visuals.
Customizable Results
Test different scenarios to find the perfect investment plan for you.
Start Building Wealth Today
Don't wait to take control of your financial future. Let compounding do the work for you.
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
How I Turned ā¹5,000/month into ā¹6 Lakhs ā My 3-Year SIP Journey
In 2020, I was saving ā¹5,000/month with no real strategy. I stumbled into SIPs by chance. Today, that same habit has grown into ā¹6,12,000 ā and taught me 3 major lessons about compounding, patience, and mistakes I wish I avoided earlier.
š 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.
š 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
š 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: ā¹6,12,000
Average returns: 13-15% p.a.
š§ What Iād Do Differently If Starting Again
If I could start over, Iād set up my SIPs and forget about the daily market noise. Iād diversify a bit more, avoid panic-selling, and trust the process. Most importantly, Iād start even earlier ā because time is your biggest ally in compounding.
Start SIPs as early as possible
Stay consistent, ignore short-term volatility
Review portfolio annually, not monthly
Invest for long-term goals, not quick gains
BEIJING: China’s manufacturing unit output and retail gross sales beat expectations within the January-February interval, marking a stable begin for 2024 and providing some reduction to policymakers at the same time as weak spot within the property sector stays a drag on the economic system and confidence. Industrial output rose 7.0% within the first two months of the 12 months, information launched by the Nationwide Bureau of Statistics (NBS) confirmed on Monday, above expectations for a 5.0% enhance in a Reuters ballot of analysts and quicker than the 6.8% progress seen in December.It additionally marked the quickest progress in virtually two years. Retail gross sales, a gauge of consumption, rose 5.5%, slowing from a 7.4% enhance in December. Analysts had anticipated retail gross sales to develop 5.2%. The eight-day Lunar New Yr vacation in February noticed a stable return of journey, which supported income of tourism and hospitality sectors. “China’s activity data broadly stabilised at the start of the year. But there are still reasons to think some of the strength could be one-off,” Louise Bathroom, China economist at Oxford Economics. “Consumers were buoyed temporarily by festivities-related spending at this start of the year. In the absence of decisive consumption-related stimulus this year, we think it would be difficult to sustain a robust consumer spending pace this year.” Mounted asset funding expanded 4.2% within the first two months of 2024 from the identical interval a 12 months earlier, versus expectations for a 3.2% rise. It grew 3.0% in the entire of 2023. Notably, non-public funding grew 0.4% within the first two months, reversing the decline of 0.4% in the entire 12 months of 2023. Along with better-than-expected commerce information and shopper inflation, Monday’s indicators will present some short-term encouragement for policymakers as they attempt to shore up progress on the planet’s second-largest economic system to maintain it on observe for an enlargement of round 5% this 12 months.Property pains However analysts say attaining such progress can be more difficult than final 12 months, which had a decrease base impact resulting from Covid curbs in 2022. Furthermore, the property sector stays weak and will proceed to be a serious obstacle to a stable restoration this 12 months. Zhiwei Zhang, chief economist at Pinpoint Asset Administration, stated the financial outlook within the second quarter stays unsure, noting that property gross sales “plummeted” whereas the unemployment charge rose. Property funding slid 9.0% year-on-year in January-February, in contrast with a 24.0% fall in December however nonetheless removed from ranges of reaching stability. The frailty of the sector was highlighted by the poor gross sales. Property gross sales by flooring space logged a 20.5% slide in January-February from a 12 months earlier, in contrast with a 23.0% fall in December final 12 months. The job market worsened with the nationwide survey-based jobless charge at 5.3% in January-February, up from 5.1% in December. The NBS publishes mixed January and February industrial output and retail gross sales information to easy out distortions attributable to the shifting timing of the Lunar New Yr. Exercise picked up within the first two months of 2023 as Covid curbs have been lifted, which can create a much less flattering base impact for this 12 months’s information. Premier Li Qiang promised on the annual parliamentary assembly earlier this month to rework the nation’s progress mannequin and defuse dangers within the property sector and native authorities debt. China plans to situation 1 trillion yuan in particular ultra-long time period treasury bonds to help some key sectors and set the next quota for native authorities particular bond issuance this 12 months. The nation’s central financial institution governor Pan Gongsheng additionally stated at a press convention on March 6 that there was nonetheless room to chop banks’ reserve ratio requirement (RRR), following a 50-basis factors minimize introduced in January, which was the largest in two years. International financial easing expectations may additionally supply some reduction for China’s hopes of strengthening its huge manufacturing sector though financial situations in lots of key developed nations look gloomy over the close to time period. Britain slipped right into a recession within the second half of final 12 months, whereas Japan and the euro zone have proven meager progress. Policymakers have pledged to roll out additional measures to assist stabilise progress after the steps carried out since June had solely a modest impact, however analysts warning Beijing’s fiscal capability is now very restricted and observe Li’s tackle to the annual parliamentary assembly did not encourage investor confidence. Many economists say there’s a danger that China might start flirting with Japan-style stagnation later this decade except authorities take steps to reorient the economic system in the direction of family consumption and market-allocation of assets.
