Tag Archives: EMI

Use SIPs in equity Mutual Funds to lighten the burden of a housing loan

While paying your EMIs on a housing loan, stretch yourself a little and put 0.1% of the loan amount into an equity SIP and stay invested for the entire term of the housing loan. It could go a long way towards reducing or even eliminating the sizeable interest burden on the loan.

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The upside-down approach to financial planning

financial planning

By the time we have crossed the 50-year threshold and are left with limited years of earning, we are almost done repaying our existing loans. Retirement planning thus never comes into the equation and we are left with no choice but to depend on others during the most vulnerable years of our lives.

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