January 6, 2017
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4:20Now PlayingExpert: Kartik Jhaveri, Director, Transcend Consulting (India) Private Limited.
Q: I have a sum of Rs 5 lakh which I could either use to prepay part of my home loan or invest in equities/MF. Which option should I go for? If MF, please suggest some good options.
A: When you make a prepayment of the home loan, it’s like money is going through a one-way street and it won’t create any value for you. So we are always of the opinion that if you have money in your hand, it’s always better to invest that money, which is your capital. The capital can grow and you get some profits on that. You can use those profits to make your prepayment.
Be Un Confused
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