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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.
LONDON: Unilever, the corporate that makes Ben & Jerry’s ice cream, Dove soaps and Vaseline, stated Tuesday that it’s chopping 7,500 jobs and spinning off its ice cream enterprise to cut back prices and increase income. London-based Unilever stated its ice cream enterprise, which additionally consists of Magnum bars, has “distinct characteristics” from its different manufacturers and would profit from separate possession to extend development.It stated the break up is predicted to be accomplished by the tip of subsequent 12 months. The British client items firm with 128,000 workers additionally stated it’s launching a “productivity program” that’s anticipated to result in a discount of about 7,500 principally office-based jobs worldwide. Unilever stated it should put money into expertise to seek out efficiencies and keep away from duplication that it anticipates will assist it save 800 million euros ($867 million) over the following three years. The corporate additionally laid off 1,500 staffers in early 2022. “Simplifying our portfolio and driving greater productivity will allow us to further unlock the potential of this business, supporting our ambition to position Unilever as a world-leading consumer goods company delivering strong, sustainable growth and enhanced profitability,” stated CEO Hein Schumacher, who took over the helm at Unilever final summer time. The corporate’s shares jumped 3.6% in morning buying and selling on the London Inventory Trade. “The share price bounce goes some way in reversing what has been a difficult last year, as investors have fretted over a company with limited high growth prospects and in need of streamlining despite its reputation as a solid defensive play,” stated Richard Hunter, head of markets for interactive investor, an internet funding service. The corporate behind Hellman’s mayonnaise, Axe fragrances and Cif family cleaners stated it’s focusing on underlying gross sales development of mid-single digits after spinning off the ice cream enterprise. It noticed gross sales quantity drop 3.6% in 2022 after jacking up costs 13.3% on common throughout its manufacturers that 12 months. In response, it raised costs simply 2.8% final 12 months, and gross sales rose 1.8%.
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