i am new investor.my financial advisortold me thatlast year iong term debt funds have given return about 30%.i have rs 10lakhs invested in hdfc income fund&birla sunlife income fund in jan 2009.today i am having loss of rs 30000in both funds because of low bond interest rates as per my financial advisor.i have to build house now .i have sanctioned home loan at rate 8%for 3 yrsfrom sbi.my planning was to use loan for 3 years and repay loan amount from debtfund after 3 yrs taking advantage taxrebate on home loan.with new direct tax code implication from apr 2011 possibility of home loan tax advantage may be lost.so my ca has advised to book loss in income fund and use money for construction of house to be complited in march 2010.i am in dillema what to do.please give me your valuable expert opinion.
| NIFTY 
