
Taking Loan against property to invest in stock
I was thinking to leverage my parents home and take out chunky 1 cr @8.6% with premise to make 15%+ in direct equity and mfs.
Asset belong to my parents with some contribution from me. I feel this is a relatively low cost capital way to get initial corpus and in long run gains will payback principal.
I am earning well enough to payback 0.5-1 lpm worth of emis annually
Does this sound as a wise plan?