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Should I create MF or recurring deposit for loan payment? – Property Hotline
Posted
June 24, 2016
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565
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June 24, 2016
565
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7:21Now PlayingBe Un Confused
Expert: Kartik Jhaveri, Founder & Director of Transcend Consulting India Pvt Ltd.
Question: I have taken a home loan and I'm paying 80% interest and 10-15% principal as the EMI amount. I'm planning to repay a portion of the principal. To repay the principal, should I create a recurring deposit and invest a sum in it for 3 years or should I invest in a diversified MF for 3 years? Which is the better repayment option?
Answer: After servicing all your monthly obligations, you can start deploying your additional surplus towards wealth creating assets via equity mutual funds. Tune into the video to know more:
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