POSTED BY February 6, 2015 8:28 am ONE COMMENTON
I have a home loan with HDFC and want to make yearly part payments against it. I was thinking of doing certain investments so that at the end of the year , I will have a lumpsum which I can deposit against the loan amount.
I was thinking of many options like ICICI iWish account; open ended SIPs; someone even suggested ULIPs (even though it has a locking period of 5 yrs). I am unable to decide on how and what approach should I undertake to make part payments.
I actually liked the ULIP product but that wouldn’t fulfill my requirement now. Any suggestions would be welcome.