I have home loan of 61,50,000 for 30 years. I want to close the loan in 10 years or before that. Please suggest the mutual fund which would help me achieve my goal in 5 years and 10 years.
In HDFC Life I am doing SIP of Rs3000.
Ans: For protection, insurance is best, but for investment MFs are better option.
A SIP / SIP basket of Rs. 25,000 is required to achieve the target in 9 years.
You may consider these schemes:
1. UTI flexi cap fund – Growth.
2. Parag Parikh Flexi cap - Growth
3. Samco Flexi Cap – Growth
4. Axis Esg Equity Fund Regular Growth
5. Hdfc Index Fund - Sensex Plan – Growth