Where to invest excess 40 k every month?

Patrick (Private Company Employee)   (30 Points)

22 August 2016  

I am left with excess 40k every month after deducting my expense and investment (self expense, 2k monthly in PPF, 6k MF SIP, 10k in RD and 20k to parents) from salary. How/Where should I invest these 40k effectively ?

Age - 25
Work location - Hyderabad
Hometown - Vadodara

Long term goals: want to buy 2BHK house for living (either in Pune/Hyderabad/Bangalore) in 10 years
 
I am planning to invest 10k in MF (Mirae Asset Emerging Blue Chip Fund) and remaning 30k in home loan EMI.
Till now its not decided where I am going to settle, so I will buy a 2BHK flat in Vadodara which will cost me between 17 to 20 lacs. When my settle place will get decided (in next 10 years) I will buy new flat for living by withdrawing 10k MF SIP money and by selling that 2BHK flat in Vadodara.

Please share your views on my plan, any new ideas is also appreciable.