Systematic Investment Plans (SIP) are becoming popular among young investors to build wealth through long-term investments in equity Mutual Funds (MFs). Traditionally, Indian investors are risk-averse and prefer only guaranteed investments like bank fixed deposits (FDs), but despite market risks, new-generation investors are ready to take calculated risks through SIP as periodic investments in both high and low market cycles average out the risks and enhance the possibility of higher gain in the long term.
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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