The wife of one of a pantry boys works as a helper in HDFC Mutual Fund. Both of them want to buy a house but after joining HDFC Mutual Fund the wife said that we will not buy a house now but we will start a SIP equal to the EMI of the home loan.
They have been living in a rented house for the last four years and are doing SIP of Rs 7000/- in HDFC ………Fund.
Amount Invested Rs 3.99 Lakhs
Returns 3.14 Lakhs
Annualized Returns 25.15%
It’s a debatable point whether owning a home is worth it or not, but I’m sure the property would not have given 20% returns.
Ultimately, both are happy with their decision of choosing SIP instead of EMI.
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