Hi everyone, I have a home loan of 25 lakhs on going with a monthly emi of 25k. I recently came across a pot of 25 lakhs, which I earned fairly, which I want to invest in a good mutual fund of debt & equity and start a SWP plan from it immediately after investing. I want to withdraw 25k monthly from the mutual fund through SWP so that I can pay off the emi and free up my salary. Can you please suggest to me how I can achieve this goal?
Goal: to pay off emi and build at least some portion of my corpus.
Horizon: I don't mind keeping this corpus in a MF forever but the main goal is to pay off the emi.
I can simply pay the bank the 25 lakhs pot I have and finish my loan but where is the fun in that?
Do you think I am thinking in the right direction?
Please help in building a better plan for myself.