Should I redeem my mutual fund to fund car loan ?

POSTED BY ahirdhairya ON June 4, 2014 10:09 am ONE COMMENT

I am planning to buy a car. I am having 50 % of  money in hand. For remaining I have two options :

1 )  Take car loan at 11.5 % ( term 3 years)

2 ) Redeem mutual fund (icici pru life focused bluechip) ( If I redeem now, I will be getting around 30 % return)

So which one is better option ?

One reply on this article “Should I redeem my mutual fund to fund car loan ?”

  1. Hemanth Chandra says:

    Do you have a goal related to your mutual fund investment ??

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