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nannu_68
Senior Member
Joined: 01/Feb/2008
Location: India
Online Status: Offline
Posts: 308
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   Posted: 29/Jan/2010 at 7:15pm |
Originally posted by joslinjose9
hi,
i have a home loan of 24 lakhs with hdfc.i have 5 lakhs as cash in hand.i am in a confused state wheather to repay the loan or invest in equity.i request TED members to share their views.waiting for reply.
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If you can generate higher rate of return on your 5 lakhs, than what you are paying as interest on home loan, then dont repay loan. but if you cant generate that return then its best to repay loan. If i was in your shoes i would prefer investing 5 lakhs than repaying partial loan!
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nannu
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9StockPortfolio
Senior Member
Joined: 10/Sep/2008
Online Status: Offline
Posts: 479
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Posted: 29/Jan/2010 at 8:49pm |
Originally posted by joslinjose9
hi,
i have a home loan of 24 lakhs with hdfc.i have 5 lakhs as cash in hand.i am in a confused state wheather to repay the loan or invest in equity.i request TED members to share their views.waiting for reply.
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Loans achche hai.. rehene do, for tax purpose. I believe every Rs.100 prepaid, is a lost of investing opportunity. By prepaying you will save 10% of interest. but 30% tax saving (whatever your tax bracket is) of that amount you are loosing. In addition, the prepaid amount can earn good long term returns if invested in the market.
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Pursuit of Value
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tejas.k
Senior Member
Joined: 07/Dec/2009
Location: India
Online Status: Offline
Posts: 563
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Posted: 22/Feb/2010 at 9:33pm |
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Hi guys,
i have some idle money from the savings and i am clueless what to do with it.
I already have exposure to FD. I am not keen on investing more in FD. And i don't want to put all the idle money in markets. Is there any other option where i can put this and pull out (not necessarily the whole amount. but a part of it) when the market gives a very good opportunity to invest?
I know debt based Mutual funds. Is it a good option to invest in or should i consider the FD itself?
thanks
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genieinvestor
Newbie
Joined: 12/Sep/2009
Location: India
Online Status: Offline
Posts: 35
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Posted: 22/Jul/2010 at 1:18pm |
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Hi everybody
I have been an avid reader of this forum for some time now and really appreciate the knowledge and thought process of the contributors in this forum.
I need a little help from the experienced people out here. My mother is about to retire and has a retirement corpus to be used for investment purpose.
Can you help me out on how to go about this. The following points have to be considered:
1. Parents are low risk ppl, so as less exposure to equities and higher exposure to debt funds.
2. Investing in FDs and PF has already been done, so the remaining money has to be invested.
3. Since no more income now, should I include some funds which will give them monthly returns to be used for their everyday usage.
Thanks
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pkumar
Senior Member
Joined: 25/Feb/2010
Location: India
Online Status: Offline
Posts: 135
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Posted: 22/Jul/2010 at 3:23pm |
Hi genieinvetor
If you are done with FD's and PF try something from Post Offioce like MIS and Senior Citizen Saving scheme.
If they can take little bit of risk go for FMP's and MIP's from a good fund house.
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pkumar
Senior Member
Joined: 25/Feb/2010
Location: India
Online Status: Offline
Posts: 135
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Posted: 22/Jul/2010 at 3:24pm |
Deleted
Edited by pkumar - 22/Jul/2010 at 3:55pm
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genieinvestor
Newbie
Joined: 12/Sep/2009
Location: India
Online Status: Offline
Posts: 35
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Posted: 22/Jul/2010 at 11:43pm |
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Hi Pkumar
Can u elaborate on the Senior Citizens saving scheme, and FMPs.
Also any suggestions regarding good MIPs from people who have made use of any of the schemes.
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tejas.k
Senior Member
Joined: 07/Dec/2009
Location: India
Online Status: Offline
Posts: 563
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Posted: 23/Jul/2010 at 9:31am |
@ genieinvestor
sorry. i dont have a good answer for your original query As for MIP, I am happy with HDFC MIP. I think Reliance MIP is also good (I have not invested in Reliance MIP).
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