Want to invest money? Here’s how to find right financial product that suits your need

Cost is one of the important factors to consider as it directly impacts returns. The typical costs of a product are at the time of investment, costs to manage the investment, and withdrawal costs and it is important to know all.

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The ideal time horizon for investing is a critical factor as liquid and income-generating assets are good for the short term but growth assets are good for longer horizons.

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Liquidity is another factor to consider before investing as one should know the ease with which one can encash the investment at a time of need and the penalties associated with early withdrawal.

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Tax consideration for the product is key to knowing what the in-hand return you get from investing in the product and whether it makes sense to invest or not.

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