Queries

Is It Feasable To Opt For A Double Home Loan?   Dilip Yadav, Mumbai Hi, I have Rs50 lakh in my NRE account and wish to invest for a period of 10 years. Kindly suggest options for wealth creation. Ideal and most suitable investment for long-term wealth creation is equity. You may target a CAGR of 12-14 per cent for this period. In such case, the target amount could be around Rs1.7 crore at the end of the tenure. You may split your entire investment horizon into two. First nine years you can invest in equity mutual funds and later switch the entire proceeds to a debt fund for the last one year. You may even switch the proceeds to debt as and when you reach the desired corpus so as to preserve the gains. Since we do not know your age, we are recommending a generalised cap wise allocation for you. Initially you may allocate 40 per cent into large cap funds, 40 per cent into mid cap and...