How to repay your home loan faster using Mutual Funds? | Secret way to repay your Home Loan Faster
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- Опубліковано 8 вер 2024
- How to repay your home loan faster using Mutual Funds? | Secret way to repay your Home Loan Faster
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Not only for career beginners even experiences people earning 30 lakh CTC will have problem to follow this path. Will tell you. 1st there is our special child that Our Govt who wil take away 30%, 2nd against this 30% we neither get reasonable education nor reasonable medical facilities so we have to again monthly atleast 10K for one kid schooling because schools of these ministers also take average 1.2 lakh for school starting from 1st standard. So far for home loan of 1 crore 90 lakh emi gone, 10K for schooling saving, 30 k already govt took, balance is another 60 to 70K. At any point of time 30 to 40K needed to live life in metros including car emi, rent because we will not get any home in ready posession so we have to bear rent and emi for some time, monthly expenses also we have to also invest in PPF, NPS and some thing in insurance also. Then emergency issues at home. Considering all this we still maintain 3 to 4 SIP. If we consider this also we hardly get money to do SIP of 1/3rd money of emi. And any home with already 1000 sqft will need 1 crore and emi will come to 90K so taking 30K sip Is difficult. But still we have to do some SIP. Atleast 15% of EMI because remaining 15% Will be benefitted to us in the form of saving of rent which we will form posession of flat. Finally if we think of 2nd kid then either we have to sell old car or shift to small rented house.
Brother first u land on earth then think....
@@sueel21284 what a calculation....damn
Agree with you
@@sueel21284 I always consider myself as imperfect. Will be greatful and appreciate you if you help me correcting my beliefs. Otherwise we ideally tend to get trapped in those wrong beliefs. Request you to correct me. I know it necessarily not be true all what I feel. Please correct and help me land on earth.
@@MrRavipatole Somebody took " Lift karade " song too seriously...
0:51 a credit display for the creator of EMI calculator would have been gracious. Anyways the video is strictly for those who are not comfortable with debt. Why repay when you can generate 4% higher returns? 1/3rd rule of SIP is good but instead of breaking, continue investing and use it as a backup for paying EMIs during tough times.
My rule is different then this!! If someone is buying the house it means he/she would have planned it at least 4-5 years before. So, that 5 years before buying the house is very crucial. He can invest whatever Max. amount in SIP. Later, at the time of buying he can give a huge amount of down payment to decrease the loan amount and EMI. You know the max loan amount means the maximum burden on your head. 💯
Same rule... I am investing since last 2 years to purchase house in future.
Damn 4-5 years people plan that ?
Shit ! I bought in 1-2 months with no plan or no much thought. I didn't know PPL should plan 4-5 years earlier. Ur comment scared me
Instead of loan prepayment, we can continue investing in mutual funds. Because if we redeem our investment we will have to pay taxes on it. So if we invest for 20 years and pay home loan for 20 years. We will be saving taxes on home loan and on mutual funds.
But you will have to redeem the funds someday as you can’t exhange it like currency or commodity, when you do that it will incur taxes anyways, and nobody knows what the tax rate will be after 20yrs
Yes but vs interest of 8% on home loan if you are getting 12% return on your MF, why pay the loan earlier
I would use the arbitrage opportunity to earn more from the MF
One must have additional fund to invest in SIP, in most cases it is not available
if someone has 50k to pay an emi + 17k for an sip just for the house, i dont think they need this video, ...... even if they dont see this video they can just pay 17k into the principle amt, the interest will come down on its on
Now EMI are automatically going up😭
Because of the repo rates
And there will be 2 times more this hike of repo rates in India in 2023 .
Bhai abhi to or badh sakta hai😭😭 ,papa ki zindagi beet gayi par loan nahi chuka
Expense ratio laughing in corner 😂
how about direct plan mutual funds. ofcourse even then Expense Ratio will ROFL
Very useful video in paying EMI.
This is idea is good but only suitable to Rich and above. For lower middle class we need atleast 8-10lac in bank or saving and even more cash for personal/emergency and sip thing is only feasible when you have left with enough money after savings and emi
Thank you for your financial awareness madam..
Best option is to increase your EMI as much as possible and reduce tenure 😂 go old school, pay your loan early. Ye log sab ko lut ne ke liye baithe hai. She's not considering the fact interest rates are also rising. Maine jab Jan 2022 me ghar book kiya 6.7% pe October me 8.6% interest ho chuka hai;😑 basically pre-covid levels. Another thing is Nifty is going to be sideways for sometime this means - you won't be getting healthy returns from markets as well.😆 Isse achha EMI badha lo chup chap se loan clear karo😏 guess what, another interesting point is - in next 3-4 years interest rates might cross 10% for home loans tab kya karoge. Behen is living in an imaginary world😝 real world ki challenges se anjaan
True one needs to balance the calculations. 1/3rd SIP strategu in practially very difficult. I am about to sign loan agreement now but thinking every hour should I go for loan or straight away reduce mty budget and book different flat. But I need one input here, if rate increased will EMI go up or Tenure will go up. in my first home EMI has never changed tenure used to fluctuate. But now I am nore worried in this fact because I only have 21 years till retirement and loan tenure also is for 21 years and so if rate increased which definitely will increase for next 1 or 2 years then what will happen ?
Can we instead pay any additional amount we get, towards principal loan amount than increasing the EMI? will that not reduce the loan amount and tenure?
or wait fot this garbage system to collapse which it will and then govt will bail out everyone...its happening
Inhe apna product bhi toh bechna hai, sab ghar ki emi bharne me lagenge toh inke platform pe mutual funds kaun kharidega.
@@makodad quit a logic
Well this was a new thing, I thought she was going to repeat the same thing like do 13 installment or whatever
This video was worth it
What about Tax on Redemption? It would be almost nearing to pending interest on EMIs!
That's right. The lady in the video did not reduce the corpus fund with "tax on redemption", and exit-expense of Mutual funds.
If we subtract these two, we'll get much less than 1 Cr corpus.
Fact;- Inflation and Emergency & Other expenses are totally ignored in this calculation.
If market crash happens return on investment will decrease and EMI will be difficult to pay . 1st you do for next 20 years successfully and then explain it on you tube with experience
You can Laugh it, with this theory......... EMIs for higher loan amount itself is so difficult to pay off. Now think about incremental amount to offset your interest amount.... TOO HARD for average MIG groups. Sorry thatz the reality.
17000 ki sip se achccha
67000 ki emi hi bher dege🤣🤣
Then how will Groww earn money?
You are defeating whole purpose of this presentation.
E sahi lagraha hai
If you're rich then do SIP. If not then pay EMI. Unfortunately only Money can grow more money. If we don't have enough to sustain then we can't think of savings.
Yes. But you are getting more return on that 17,000/-. Normally 12-15%.
The transitions can be more smoother
It doesn't suits well with narrative tone
Going by the same logic as explained in the video, if 12% irr is expected, then why prepay the loan?
8% interest is being paid for home loan and 12% is being earned for our sip. Then why redeem and prepay ? Effectively we are getting 4% extra isn't it?
This is true, you get more value for your money elsewhere.
Thanks, it's quite unique and different way.
Great work ledy God bless you 🙏🏻
You have not factored the exit expense of Mutual funds. On a 1.3 Crore exit it would be much higher. Plus the capital gains tax, so we'll be left with much less than 1.3 Crores corpus fund.
Reality is salary does not increases rapidly and there is nothing left for savings after day to day life expenses for poor people like us
You can increase the tenure and do an sip from the decreased emi amount
If I have 1/3 savings post my EMi then why not one chose for lesser tenure.
A lot of things have been left out . This is wayyy tooo positive scenario consideration. A lot of things happen in life in 15 years.
Very informative vedio Mam
03 years lockin period on the mutual funds
Present struggle
Future worries
3 year lock in is only on ELSS and not on other MFs
The best strategy is make preayments periodically. Even 50 k just go and prepay. It works wonders.
Just flip the amount. Rent 17k and SIP 50k for 10 years game over. 😂
Thank You Ma'am
The best video at this topic👍👍
One of the best video
Thank you ❤️
In fact if we do SIP of 67,000/- for 20 Years instead of buying a house. It would be 10+cr if we take 15% return which is possible even we invest in index fund.
Paying Home loan has many tax benefits:
1. 80C saving of principal amount of 1,50,000/-
2. Interest deduction of 2,00,000/- from earning.
3. Property appreciation almost the rate of inflation.
Good job
Did anybody understood her strategy, i feel the interest propeotion in any loan is highest in the initial 2 years so makes sense to prepay that time only. After that doesn't make sense (maybe next 2 years also) but she is prepaying after 5 years.😮Anybody ?
Dahnyabadh mam ✌🏼👍
Calculator from which website it is used?
No it won't work....Time will not be same throughout the loan tenure ... Covid, Ukraine war, recession, job loss,Family issues, Health issues....
There are lacs of stress and finance issue situations comes in life.....Life is not easy...Its not work like math.
Better accumulate 80% money by all your suggested investment strategy and take home.
If you listen these marketeers then get trapped in Loan and mentally stress.
20 yrs baad same property would be 3 times costly at current inflation rate 😅😅😅
I don't understand please talk in English in other upcoming videos
Hi,
We do make investment-related videos in English also. Sharing some links for your reference: ua-cam.com/video/8_exiCl73lI/v-deo.html ua-cam.com/video/UF6SUTFMgUI/v-deo.html ua-cam.com/video/98rrXXH_1Hs/v-deo.html
Hope this helps!
Nice 👍
Great video...
I have been paying installment in mutual fund for two years still it is negative return
Muzy to sab frud lagte hai bhai
Same here
Why always Hindi if you can speak in English then it will be better understandable to everyone
Hi,
We do make investment-related videos in English also. Sharing some links for your reference: ua-cam.com/video/8_exiCl73lI/v-deo.html ua-cam.com/video/UF6SUTFMgUI/v-deo.html ua-cam.com/video/98rrXXH_1Hs/v-deo.html
Hope this helps!
mutual fund are freezed Since last year so don't waste your money in mutual fund
Mutual fund redumption after 10~12 yrs as suggested in video will be under LTCG , It will be 30% bracket based on salary bracket.sonis it worth statergy?
@Dhaval Prajapati in this case the theory what is suggested will not work
When HL interest is close to 9-10%, it's always advisable to pay higher emi than SIP.
when we redeem SIM post 30 years or 20 years then as per LTCG Tax will cut on 30% I thought only 10% as it will be LTCG. I tried googling this infomration but I found out same. please correct me if I am wrong.
@@MrRavipatole It's 10% tax for LTCG over 1 lakh.
@@Anic21212 total earning after after LTCG will add in ur yearly income and will be further taxed as per the income bracket..
Hi, excellent video. I am planning to buy home in next 4-5 years.
But if I want to accumulate down payment amount say 10 - 12 lakh, within next 4-5 years. Then where should I invest?
Which mutual fund is good for accumulating down payment amount?
Is it large cap / Mid cap / Small cap / Multi Cap or Arbitrage Fund? Or shall I start Recurring Deposit in bank for 4-5 years.
My salary is 3 lakh / annum & I am filling NIL ITR.
Please make a video on this topic.
Thank you.
If I had a lot of money left over after EMIs and expenses, I would invest it all aggressively and leave the home loan as it is. Since I don't have that luxury, I will pay more in EMIs and reduce my loan burden, because it's a guaranteed saving for me.
Instead of this better to go for part pre-payment of Home Loan 😂
This is bullshit....Dont wait for 20 Years to clear the home loan, times are hard nowdays uncertainty is there in every sector every corner.... Forget your leisure/shopping/travel etc Do extreme (i really mean extreme) Savings for 3-5 years and clear the home loan.... get out of the EMI jail
Mam I'm a beginner, I'm also a student,, i started sip in axis mid cap mutual fund and Nippon india mutual fund,,, can this is good for me please tell me something mam😭😭🙏🙏
Good ji.. long term Tak invest karte raho.. keep it up... Good funds ...
New ideas kip it up
Can SIP be opened from home loan EMI amount or I have to invest extra money to open SIP to avail this feature (0% interest home loan)??
Make videos in English..
Hi,
We do make investment-related videos in English also. Sharing some links for your reference: ua-cam.com/video/8_exiCl73lI/v-deo.html ua-cam.com/video/UF6SUTFMgUI/v-deo.html ua-cam.com/video/98rrXXH_1Hs/v-deo.html
Hope this helps!
which sip is good
What about inflation?
Such a simple thing made so confusing. This can only be done by women 😂
Mam I don't get one thing Pls can you explain the logic of table in 3:50 min
In Nepal 14 percent FD rate.
sip ke badle starting three years prepayment karte jao usse zyada fayda hoga
You forgot to mention that you will incur tax if your annual mutual fund redemption increases 1lac in a year, so you will lose some money there also
put you title in Hindi if you content is going to be in Hindi. annoying
can you guaranty for confirmed return from.mutual funds? i hv seen many good mfs me bhi paisa appx same hi reh jata hai jo deposit kiya even after 5 yrs of wait!
I'm doing same.
yani ki total 67,000 per month dena padega right?
Please make in English
Hi Arjun,
We do make investment-related videos in English also. Sharing some links for your reference: ua-cam.com/video/8_exiCl73lI/v-deo.html ua-cam.com/video/UF6SUTFMgUI/v-deo.html ua-cam.com/video/98rrXXH_1Hs/v-deo.html
Hope this helps!
@@MutualFundsAtGroww okay Thanks
There is an editing error in Total Corpus amount in 2 minutes 34 Seconds
Hi Mahesh,
Please re-install the app. If the issue is still persistent then please send a screen recording of the issue on support@groww.in
Thanks
pronounce"anushasan" clearly. Why didnt you put bindi?
what nonesense , if there is difference of SIP and EMI interest is 4% then why the hell someone should go and prepay the loan ? keep on saving tax on your home which is cheapest among all the loan types and carry on SIP . it will fetch more return as your prepay money is working at 12% through SIP .
What if u increase ur emi by 1/3 of emi?
Damn! This sound great... Honestly the title in the thumbnail wasnt interesting but ur video was excellent
Labour Law Advisor channel ko mast COPY kiye ho tum log😂😂😂
Informative video, but you need to improve on your delivery... Aam janta k samaj k bahar hai aapka explanation.
Yes,true.. I could not follow despite having financial knowledge, no doubt about common man and newbies.
Mutual fund Mai invest kaise kare aur flexi cap Mai kaise kare give us aap knowledge grow app
Hi,
Kindly refer this :- ua-cam.com/video/XeycmMy_JwM/v-deo.html
Thanks
Odhani ke sabhi companiyon mein mutual fund ki investment nahin hai kya Koi scheme To Nahin chal Raha Hai sar
Make sip 67 k for 20 yr than buy house 😅 tab tak rent pe laylo
this is wrong don't fool people if he start paying extra 17k to emi his loan will will be of 11years then why invenst in sip?
Ye logic se to loan hi mat lo. 5 se 8 saal tak sip me emi jitna paisa daalo and cash me ghar khareed lo.
I know ki tax wala aspect bhi hota hai.
But still it's less financially stressful.
Marathi madhe suru Kara groww che channel
50,000/-की EMI देनी मुश्किल होती है 50000/- के अलावा 17000/- SIP कहाँ से देगा कोई?😂😂😂😂😂
wo pehle wali madam ko nai job mil gaya kya ?
wow!
LTCG??
Bhai mutual fund may postive return milenga ye koi guaranty nahi hai... Ye socho
NHPC WILL TRIPPLE SOON.... NEXT ADANI GREEN
Mam tax ap doge kya
Hmara personal loan hai to usme bhi kam karegi na ye strategy????
Anyone reply
Personal loans generally short term ke liye hote hain. If you are using this strategy to pay off a short term commitment, you’ll have to ensure your mutual fund is giving you more than 15%pa. Varna sense nahi Banta.
My point is, there’s no guarantee that mutual funds can give you such returns every year. Better to avoid in a shorter term. Also, yeh strategy main kaafi faults hain. Better to pay off loan first and then invest or invest first in mutual fund and then get a property.
Hope that helps.
@@aaubrey77 yes you are right
I am from the mutual funds industry and I can tell you yeh sab bas calculations hain on certain assumptions. Aur mostly, aggressively sales karne ke liye baniye hain. Mutual fund companies don’t care about real returns any investor gets.
One of the biggest assumptions is that you will get 12-15% returns from mutual funds every year. But koi guarantee nahi hain ki aise returns aayenge. Agar isko 10-15 saal ka average kiya toh yes, possible.
Normally, anyone would wanna live debt free. So, it’s better to pay off loans first (mann ki shaanti) and then invest.
@@aaubrey77 haa haar saal market positive returns nahi deti kabhi kam kabhi jayda to long tern ke hissab se 12% tak ayega wobhi har mutual fund me nahi
Ma'am aapne bhi home loan liya hai....
Try to write good English. It's very annoying to read poor English. Thank you!
Groww ka channel Marathi me bhi suru Karo please...
Kuch hum gareebo k liye v bata dijiye😅😅
dekh raha hai binod... aajkal log kuch bhi bolten hai...inka video agar 1 year later inko dikya jayen to ye khud samajh nahi payegi kya bola tha...
Shatabdi exprex
Tax kaun dega on the profit :)
Mujhe 20lack ka home loan Lena hi toh kitna per month sip kare
emi kitni hai
emi ki 30%
isse badia apni sip continue kro return jyada aayega
Kya bakwas hai.. Pehle 50k emi du, phir 17k sip karu. Khaunga kya hawa???