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Should I use my lump sum to reduce my home loan or invest it in mutual funds?

Dhirendra Kumar gives a few broad rules to approach this dilemma

I am an officer in Maharashtra Bank and am posted in Mumbai. I sold some land in Pune for Rs 30 lakhs. I want to buy a flat worth Rs 50 lakhs in Mumbai for which I am getting a loan. I want to know whether I should use this Rs 30 lakh amount for the flat or invest it and finance the flat entirely with the loan.
- Sanjay, Mumbai

This article was originally published on October 04, 2017.


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