In a financial context, a home is also an asset that has appreciable value. With proper planning and judiciously directing your savings towards it, you too can create such an asset. In the journey towards acquiring a home, the role of mutual funds is considered to be at the forefront. The systematic investment plan (SIP) mode of investing in mutual funds comes handy in fulfilling the dream of owning a home.
Acquiring a home is best met through own funds without resorting to a home loan. However, in the absence of required funds, you need to go for a home loan. And remember, a home loan is a constructive debt as it helps in creating an asset which has the potential to increase its value. Home loans are fast becoming a preferred choice with many youngsters looking to buy a home. To service a home loan, you need to keep paying the EMIs which has become reasonably within reach especially when both spouses work today.
Diese Geschichte stammt aus der October 2021-Ausgabe von Investors India.
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Diese Geschichte stammt aus der October 2021-Ausgabe von Investors India.
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ASK THE EXPERT
Ques. One of my friends told me that your company provides detailed Retirement plans. I want to know what is the procedure to get my Retirement plan. I will be retiring in March 2025. R.P Gupta, Noida
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Banking sector which has underperformed in the last two years, now offers a favorable risk-reward profile
Do you think the market is overpriced? Is yes, should investors refrain from investing in index schemes at the current valuation?
India will continue to enjoy benefits of a close US relationship and trade will continue to grow
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