Home Loan Queries

Which mutual fund is best to invest for regular return

About me: Retired looking for SWP /MF Investment for my Daughter Marriage 1) 3 SWP only Direct not Regular ones: Need to have 40k SWP per month for 15 to 20 years, will not touch that money for 15/20 years, is 50 lakhs is enough? If so which are the 3 SWP direct ones. Please suggest the names for a direct one and around November 7th 2017 or so is the right time to invest? and should I have to wait for one year for the SWP to avoid tax, I have no income as of now as I am retired, 2) if I have to invest around 50 lakhs for my daughter marriage during 2022, which one or two safe debt MF direct, you will suggest considering the 5 years time frame and the objective of my daughter marriage, please do help me thank you very much, this platform is very useful?

Aug 31, 2017 by Raman Chandrasekar, Thane  |   Home Loan
Your annual income need is Rs 4.8 lakhs, which means you need 9.6% regular returns from your Rs 50 lakhs investment. While equity oriented funds can give double digit returns on an annualized basis in the... Read More
Should I transfer my home loan to some other bank

Request your suggestion if I am in right direction: I am 28 years old, CTC 6 LPA, have a housing loan of 26 L from SBI (term loan of 30 years) EMI will start from 3 years in future (2020) although interest would be charged for this period; around 22K EMI. I have started 3 SIP's (2k,2k,1k) total 5k no other debt. I am confused whether to transfer the loan to different bank so as to enable immediate EMI cut. Also please suggest any more ways to save money?

Apr 12, 2017 by Vikas Thakur, Navi Mumbai  |   Home Loan
We are not sure what were the terms and conditions of your SBI home loan? There must have been some special scheme for deferring the loan EMI deduction to 3 years. You should check that and evaluate if that... Read More
Where should I invest my money with minimum risk

Get good MIPS and double the money on maturity in 15-20 years where should I invest my money (15lac around) with minimum risk?

Dec 7, 2016 by Ravi, Kalyan  |   Home Loan
It is difficult to quantify 'minimum risk'. The least risk is in fixed deposits. If you consider mutual funds, then the least risk is in liquid funds. But if you have low-medium risk then you can consider debt funds or... Read More
Please review my investments & suggest where should I invest the additional funds

I have started investing SIP in ICICI Prudential Focused Bluechip Equity Fund - Growth - Rs. 2000, Birla Sun Life Frontline Equity Fund - Growth - Rs. 2000, UTI Mid Cap Fund Growth Option - R. 1000, Canara Robeco Emerging Equities - Regular Growth - 1000 for 10 year, Please review my investment & suggest additional funds where I should invest for additional 6000 monthly SIP?

Sep 14, 2016 by Himanshu Shekhawat, Gurgaon  |   Home Loan
you have selected good funds for your SIPs. The funds you have chosen are from large cap and mid & small cap category. If your risk taking taking appetite is very high, then you can invest the additional amount... Read More
Will banks provide me Personal Loan if unemployed

I was salaried and had 6 lakh Home loan, 5th month ago. I quite the job for new job, but due to some reason i could not get that job. Now my Finacial condition is very bad, bank not given any top-up loan. How to resolve this problem until i will get the new job?

Mar 9, 2015 by Rahul, Navi Mumbai  |   Home Loan
Firstly, we are sorry to hear about your troubles and we hope that you are able to recover from this distressful situation very quickly. As regards your EMI payments, you do have a few options. 1. You can meet with the loan officer, explain your financial situation and request... Read More
What Tax Benefit on Home Loan you get if project is delayed

Hi, i have running home loan account since 2009, my housing project got delayed & have not got possession so far but i have paid 95%. Can i get benefit on tax from my home loan installment which i am paying since last 5 yrs or can i get benefit of interest paid against my home loan.

Dec 20, 2014 by sulabh, new delhi  |   Home Loan
Unfortunately you can neither claim Section 80C tax benefit for principal repayment nor can you claim deduction for interest payments under Section 24, unless the construction is complete and the possession handed over to you. Many home owners like you have suffered... Read More
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