Investment of 10L

[deep@vie]

I think I have seen this with Bajaj Finserv card emi payments. And confused it with loan probably

Yes, bajaj finance can do anything 🤣

 

[sri_cc]

I am thinking to take a personal loan of 10L at 11% and invest in MF ..is it a good idea?

OP please don't do this. Members have already raised good amount of concerns as to why you should never be doing this. I'm just reiterating the same since this can be very dangerous and I have seen people go this route and fail badly and in the end had to sell some property to clear their loans.

 

[deep@vie]

I am thinking to take a personal loan of 10L at 11% and invest in MF ..is it a good idea?

Don't do this

 

[greenmail007]

But I feel MF investment is safer than stocks
Take for example equity savings funds , they can easily give around 18% return ..so 18-11 =7% profit!

You might feel this is less , but in 10L this is 70k profit per year!

Halwa hai kiya?

 

[Azharuddin]

Thank you for guiding 🥲🙏

 

[Arkapal Sen]

youtube se finance k upar certified ho kya..

 

[HumorSimpson]

youtube se finance k upar certified ho kya..

During Princess Magnus days, ppl thought of taking loans and rotate for 24% (or whatever it was) on Magnus card.

 

[Hell_Kitty]

@Azharuddin
if you take loan you have to repay the EMI every month and almost no mutual fund gives you quick money to repay your principal and interest. The concept of MF is that you need to hold it for a minimum of 5 years to get some solid return. I agree there are recent trends of >50% in last 1 or 2 year but these are one in lifetime and they don't happen every now and then.

 

[fradela]

I am thinking to take a personal loan of 10L at 11% and invest in MF ..is it a good idea?

Foolish idea. Don't take any loans for investment.

 

[vishalgupta2]

Very bad idea to take loan to invest.