Uma Shanker, a 43-year-old mutual fund investor, started his investment journey 14 years ago, with a small amount of Rs 500 via SIP in an ELSS or tax saving mutual fund scheme in October 2005. “It was a big decision for me that time because before that I was investing in NSC (National Saving Certificates) only for tax saving. It took a lot of courage as I was afraid of the market,” says Uma Shanker, who works in a PSU. Since Uma Shanker was not well-versed with investments, he hired Ashish Modani, a Jaipur-based financial planner and advisor, as his mutual fund advisor.
I have Rs 12 lakh in surplus. Should I prepay my home loan or invest for monthly income of Rs 25-30k?
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