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POSTED BY ON March 8, 2015 9:29 am COMMENTS (2)
I have a SBI TOP UP home loan of Rs. 7.5 Lacs at interest rate of 11.5% for which I am paying an interest of approx. 8,000/- per month. (My original SBI home loan is of 24 Lacs @ 10.5% interest rate for next 25 years)
Similarly I am investing in MF through SIP route from last 4 years & accumulated amount is also approx. Rs. 7.5 Lacs.
I have a cash component in bank of Rs. 1 Lacs.
Should I redeem MF units & clear TOP UP home loan of Rs. 7.5 Lacs….or continue paying HL EMI without redemption of MF units
Regards,
Amol
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correction: MFs will earn more than 11.5% over a longer duration 🙂
You must invest money where you earn the most.
MFs potentially will return more than 11.25% over a longer period. My reco is to keep investing in Mutual funds.