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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.
Story continues under Commercial
India’s largest info know-how providers firm Tata Consultancy Providers (TCS) has begun more energizing hiring, bringing large reduction to engineering graduates as a number of IT companies froze recruitments as a consequence of a stoop in demand.
TCS has referred to as purposes from BTech, BE, MCA, MSc and MS batch of 2024. The final day to use is April 10 and assessments might be held on April 26, in response to the profession web page of the corporate’s web site.
Story continues under Commercial
The Mumbai-headquartered agency is hiring for 3 classes -Ninja, Digital, and Prime. The Ninja class affords a bundle of Rs 3.36 lakhs each year for varied roles. Whereas the Digital and Prime classes supply Rs 7 lakh and Rs Sept. 11.5 lakh each year, respectively.
As the corporate hasn’t specified the numbers, it stays to be seen what number of supply letters might be handed out by India’s high recruiter within the IT sector.
The administration stated in January that the method to recruit freshers for the monetary 12 months 2024-25 had begun however it’s now that the corporate is visiting campuses.
Story continues under Commercial
“We have commenced our campus hiring process for the next year and see tremendous excitement among freshers to join TCS,” Milind Lakkad, Chief HR Officer, TCS stated throughout a December earnings name.
Lakkad stated it might be troublesome to specify the variety of hires, though, it might be “a big number.” For FY2023-24, TCS had a goal of hiring 40,000 freshers.
Additionally learn: Psychometric assessments, larger rating, hand-written codes: Tech firms make freshers sweat for a suggestion
Story continues under Commercial
In January, rival Infosys stated it noticed no fast campus requirement. Experiences, nevertheless, have stated the Bengaluru-based IT participant employed for area of interest roles in February.
Infosys’ outgoing Chief Monetary Officer Nilanjan Roy had stated the corporate would proceed to watch the utilisation charges and its flexi-hiring mannequin.
IT firms have additionally seen enchancment of their utilisation and attrition charges from the lows of 2022.
In February, business physique NASSCOM stated the tech business was poised to create 60,000 new jobs within the monetary 12 months 2023-24, taking the overall to 54.30 lakh workers. This pales compared to the two.7 lakh jobs that the sector created within the earlier fiscal.
“As a result of there was a whole lot of over-hiring completed throughout the COVID 12 months, we’re seeing some degree of correction occurring, which is predicted and wanted for the business,” Nasscom president Debjani Ghosh stated.
Additionally learn: IT hiring down 40%, might begin selecting up after June: Randstad India CEO
Reshab Shaw Covers IT and AI
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