To prove my point that investing is the art of judgement, let me cite certain glaring examples both from mutual funds (MF) and the stocks. One very glaring and convincing example from the MF arena is a unique and far-sighted launch of a triplet fund by Tata MF comprising Banking and Financial services Fund, Consumers Fund and Digital Fund – a rare experiment by Tata. The futuristic scheme was launched in December 2015 with a price of Rs 10 per unit for each fund. My judgment was that all these funds would perform exceedingly well, all being devoted to very promising and sunrise sectors of the time. Consequently, against my principle of investing post NFO in a MF in general, I invested in all the three funds in the NFO. This was because the launch was from a high pedigree company, by a reputed fund manager, from sunrise sectors, and so on. Initially, I thought the banking fund would perform best, followed by the digital, but subsequently, realising the rising trend in digitisation, especially during post monetisation and the Covid pandemic era, my judgment went in favour of digitisation as a priority sector, which proved right. This is because, as of August 2, 2021, the NAV of digital, banking and consumer funds is