MY name is Sunil and i am 49 yrs old. I have a home loan of 15 Lac pending and Mutual fund investments with corpus of 25 Lacs.. I plan to redeem 15 Lacs from my mutual funds to close my home loan.Is this a wise decision?

Hi! Sunil, Is this home loan for self occupied home or for investment purpose. Further if it is for investment purpose then have you got the possession of it or it is for under construction property. Further do you have enough funds( other than Mutual funds) to meet your goals of next 3-4 years? The right decision needs to consider all these factors. Generally speaking Home loan is not bad if it is for a self occupied or another good property from a reputed builder. The tax benefit on interest repayment is also good inventive. Paying back the loan will impact the availability of funds for your other goals. You need to take all these factors in consideration to take a wise decision.