home loan prepayment: How to make most of the annual bonus: Save 56% more if you invest Rs 2 lakh in equity mutual fund than prepaying home loans
This is the time of the year when many people get their annual appraisal done and receive their hard earned performance bonus or incentives. This is a significant amount which everyone wants to make the best use of. If you have a home loan outstanding then there is always a tendency to make a partial prepayment to bring down loan outstanding. However you also have the option to invest in equity MF which can potential give good return over long term. So you need to check which option works better...
Source: indiatimes.com