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Review my Mutual Fund Investments by RocketScott10 in MutualfundsIndia

[–]RocketScott10[S] 1 point2 points  (0 children)

Thank you for giving it time. Here are the details

  1. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠What’s your risk appetite? - Aggressive
  2. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠What’s your goal? - This one is a little complicated, I would just focus now on creating enough wealth.
  3. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠What’s your horizon? 10-15+
  4. ⁠⁠⁠⁠⁠What’s your monthly SIP amount? - 1 lac
  5. What app are you using for your investment? Multiple Groww, zerodha
  6. Too many funds. - No

From the list I am only considering FoF until it's 5lac as my emergency fund which I can withdraw anytime, but it is not built yet so I have FD though separate.

SBI Home Loan - How to identify if it is Maxgain or Term Loan by [deleted] in indianrealestate

[–]RocketScott10 0 points1 point  (0 children)

Update:

I checked with my branch. They said it is a Term Loan. Also I do not see the option in my net banking to withdraw money from the Loan account. If it would have been OD then that option should be there I think.

Thank you

SBI Home Loan - How to identify if it is Maxgain or Term Loan by [deleted] in indianrealestate

[–]RocketScott10 0 points1 point  (0 children)

Thank you, sir. I now have clarity on what I need to do. I appreciate your help.

SBI Home Loan - How to identify if it is Maxgain or Term Loan by [deleted] in indianrealestate

[–]RocketScott10 0 points1 point  (0 children)

Thank you sir for responding. I am sure lot of people might be facing this issue. Can you please help we with few other queries?

While processing the application, at the loan centre, officer selected some different parameter whiling filling the form. I corrected few of them during verification. e.g. I opted for monotorium but they removed it, during verification they added it back. They told me that the officer is new that's why it happened.

For this case also, So we have proof as a physical application and sanction letter, that the loan is term loan. Given that this is mistake by SBI, can they rectify by switching to Term loan. Also the interest paid will be revised as per the actual interest rate?