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I'm investing 13000 in sip, 3000 in Sbi small cap, 2000 reliance small cap, 2000 l&t emerging, 1500 aditya birla pure value fund, 1500 dsp black rock, 1500 hdfc mid cap opportunities, 1500 kotak emerging scheme.
also having a home loan of 14 lacs, for which paying an emi of 11240 monthly from last 3 years... however the principal amount is same.now I want to increase the emi by setting a standing instruction of 20000 monthly I.e. additionally crediting the home loan account with rs 8000 monthly. which will reduce my loan term of 15 years.
Kindly suggest is it beneficial or should I go for Sip for the said amount. I.e. investing 8000 more in sip. in order to save & increase my wealth.