“Mutual funds give you diversification. You have equity, debt, gold, real estate, or hybrid (a mix of everything else), and you have multiple options. You may invest via lump sum as a one-time investment, or you can do a SIP, a systematic transfer plan, or a systematic withdrawal plan... One thing I would want investors to start is to put money into equity that can help them make sure that their future purchasing power, the standard of living, etc. are protected. You want to start retirement planning at the age of 25 or 30, not at the age of 55! My message to (youngsters) is to start planning now.” Anup Bhaiya, founder of Money Honey Financial Services Pvt. Ltd is a renowned financial consultant who manages one of the largest retail investment networks in the country.  With two decades of experience in helping thousands of people plan their investments and retirements, Anup has acquired an enviable instinct for understanding the needs of an investor.  In this episode of The Moneywise Podcast, he explains how mutual funds function not just as mere financial products but as an investment solution to financial challenges in order to help investors achieve long-term financial freedom and security.