Should I lump sum pay off my uni loan now? Or invest it using Equity100 till the repayment period starts in Oct? What if there's a market downturn?

I would definitely pay off all my debt first.

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There is a saying in investing, the interest earned/saved is actually interest earned. Because it's guranteed savings.

Personally, I'd pay off my debt first, because Equity100 invest in 100% stocks and as we all know, stocks are quite volatile.

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Also, it depends on how much is the monthly/annual interest of your debt. If you are sure that the returns from investment are higher than the debt interest, sure, then invest the money. However, if your returns are lower than the debt interest, you're better paying off the debt because you will be losing money.

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And we know that returns from stocks are never guaranteed!