Sir My age is 37yrs & Monthly salary Rs.45000/-p.m. and my tax saving investments is Rs8750/-p.m.Insurance +ELSS+EPF( 76% debt & 24% equity) + Monthly house hold expenses Rs.8500/-pm. Also invest Rs.20000/-per year in Gold/goldETF.I tend to maintain my saving account deposit upto Rs.60000/- and rest i deposit in MIS as and when required.
My total savings are approximately Rs.600000/- except the investments done in either equity or debt.
At present i live in a company alloted free furnished flat within the campus of my workplace.
I have a 3 year old daughter studying in DAV public school in LKG.
Uptill now I have not taken any loan of any sort .
Will it be wise to invest Rs.9000/- per month for 20 years in SIP 100% equity or buy a
ResidentialProperty in Noida Extension in which i have to pay approx. 9000/- per
month as EMI for 20 years. which one is better Investment .