PPF (Practical Personal Finance) Series

  [A] Introduction:  Mutual funds' asset under management (AUM) in India is 39.42 trillion Indian rupees (INR) as on March 31, 2023. Indian mutual fund industry has come a long way since its inception. With nearly 62.8 million SIP accounts, the awareness of mutual fund is increasing day by day.  The industry is one of the most well regulated (SEBI is the regulator) and is quite reasonably transparent. SEBI is working day and night to keep it that way. The trust that it has gained amongst the investors is quite high.  But with nearly 26 types of mutual funds under various categories like equity, debt, hybrid, solution oriented etc., an average mutual fund investor is left with too many choices to choose from.  This article is written in as simple language as possible to help the retail investors understand that there are some types of mutual funds, that are generally not meant for an average investor. Though I do not mean to imply that these are useless types of mutual funds, they a

  DISCLAIMER: I am just a mutual fund enthusiast and not a SEBI CERTIFIED FINANCIAL EXPERT. This article is solely for educational purposes only and you should not invest in it, based on the opinions expressed in this article. You must consult a SEBI APPROVED FINANCIAL ADIVSOR before deciding to invest in this fund.  ========================================================================= [A] Background: Recently, someone, a colleague, asked me about how ICICI Prudential Innovation Fund is. In other words, is it worth investing in? I thought, rather than giving an answer to him personally, let me write a blog post on the same topic. As I have not written something for a long time now, this is a good chance to convert a question into a blog post. So, let's start! [B] Objective of the Scheme: Let us make it very clear. I will not do the review, purely based on what the brochure of the NFO claimed. I will present its "translation" or "meaning", as understood by me