What should one do with their Diwali bonus, clear credit card dues or start an SIP?

Clearing revolving credit card dues should be the priority when using a Diwali bonus, according to Trackk's Vedant Gupte. "Card interest can [exceed 36% annually], a rate no mutual fund reliably beats, so paying it off is a guaranteed return no SIP can promise," he said. Clearing debt before investing is a prudent use of a Diwali bonus, Gupte added.