home loan prepayment

I have Rs 85 lakh remaining in home loan. I recently inherited Rs 20 lakh. Should I repay my loan or invest?

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I have Rs 85 lakh remaining in home loan. I recently inherited Rs 20 lakh. Should I repay my loan or invest?

I am 45 years old. My monthly income is Rs 2 lakh. I have a home loan EMI of Rs 70000. I have invested Rs 10 lakh in mutual funds and another Rs 5 lakh in fixed deposits. My monthly mutual funds commitment is around Rs 20,000. I recently inherited Rs 20 lakh.Should I use … Read more

Invest in mutual funds or prepay your home loan: What should you be doing?

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Invest in mutual funds or prepay your home loan: What should you be doing?

Investing in mutual funds versus prepaying your home loan is a decision that hinges on various factors, primarily your financial goals, risk tolerance, and rate of returns and interest rates. Deciding between investing in mutual funds or prepaying your home loan depends on several circumstances.  Here’s a tailored scenario for one to understand mutual funds … Read more