POSTED BY June 8, 2014 8:56 am COMMENTS (12)ON
I am a working with IT MNC. Currently I have taken 30 Lac loan for house for 20 years at 10.15 % floating rate. I have already pre-paid 1.75 Lac other than EMIs. So now the tenure has become 17 years. I do not have any other investments.
I will be going on foreign assignment for long term and I can save around 70-90 K per month.
I am in dilemma whether to keep prepaying for housing loan or invest in Mutual fund which can yield me more than 10-15 % year. I am confuse because though mutual fund investment is beneficial, they are subject to risk.
So another solution can be payoff some debt and put some in investment. what that ration should be?
Can anyone help me here?