Fund houses, such as Aditya Birla Sun Life Mutual Fund (MF), IDFC MF, Edelweiss MF, and Mirae Asset MF, have filed offer documents with the Securities and Exchange Board of India (Sebi) to launch target maturity index funds. In a scenario when interest rates are likely to go up, such debt-passive schemes can reduce volatility if held till maturity.
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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