I am 50 years old and have a home loan of abour 15Lac to repay. My utual fund corpus today is 20 Lac. Can i encash the money from mutual funds and repay my home loan to close it? Will this be a wise decision?

Sir, if you encash your mutual funds then you we would be subjected to Tax and the longevity of the funds will also evaporate. You must be getting a better rate than the Interest you are paying on home loan.

I suggest, convert your home loan to an Overdraft loan with Citibank/ HSBC/ SBI / Standard chartered and avail the benefit by parking your funds in that account - it will help you repay your home loan faster.