To get benefit from compounding, it is critical to begin investing early, even if the amount is tiny.
Mutual funds (MFs) and non-performing securities (NPS) are excellent means to obtain financial freedom.
On the other hand, NPS provides a lower expense ratio and a straightforward automated means to invest with little engagement from investors, but it has limitations in terms of the equity proportion that can be invested and the lock-in of funds until retirement (for Tier 1), followed by an obligatory taxable annuity after retirement.
Mutual funds (MFs) offer more flexibility and a diverse range of products to meet the demands of investors.
Actually, Financial independence/freedom is defined as having enough financial resources to cover living expenses and support life goals without having to work or devote time to earning money