In the last three years starting Jan 1, 2016, while BSE Sensex has surged nearly 50 percent, BSE Midcap rose 33 percent and BSE Small-Cap went up by merely 13 percent.
Fund managers should eat their own cooking.
The stake of HDFC AMC MD Milind Barve is worth Rs 212.35 crore.
HDFC MF manager Prashant Jain is sticking to his guns. He continues to have faith in the financial services sector, particularly in State Bank of India.
HDFC Mutual Fund is quite optimistic on Indian market as macro economic indicators are favorable for making investments, says ace fund manager Prashant Jain, Executive Director & Chief Investment Officer at HDFC Mutual Fund.
HDFC Mutual Fund is quite optimistic on Indian market as macro economic indicators are favorable for making investments, said ace fund manager Prashant Jain, Executive Director & Chief Investment Officer at HDFC Mutual Fund.
"The problem in the economy is that our consumption is very weak and investment cycle is not taking off. So I was expecting giving more money in the hands of people," says Sridhar Sivaram, Investment Director, Enam Holding.
The market currently is fairly valued, but equities will always be volatile in near term, says Prashant Jain, CIO of HDFC Mutual Fund, adding that one must invest into equities at any point the market corrects due to global reasons.
The Indian market is at an "inflexion point", with the economy moving from high inflation-low capex--weak currency dynamic to a low inflation-strong capex-stable currency one, says ace fund manager Prashant Jain, CIO of HDFC AMC.
The disclosure follows a diktat from markets regulator Securities and Exchange Board of India (SEBI) to all fund houses to disclose their respective top-management salaries.
According to Jain, Executive Director and Chief Investment Officer of the fund, corrections like these give an opportunity to invest from a two to three year perspective. Specifically, corrections led by global factors have always been great buying opportunities, he says
The participants of Cafemutual Confluence 2015, a panel discussion with fund managers, include S Naren of ICICI Pru, Anoop Bhaskar, head-equities at UTI MF, Anup Maheshwari, DSP Blackrock Investment Managers, Prashant Jain, ED & CIO, HDFC MF and Gopal Agarwal, CIO, Mirae Asset Investment.
In an interview to CNBC-TV18, Jain says investors should not be distracted by the ongoing global events, and should instead focus on India's improving fundamentals.
Birla Mutual Fund's Mahesh Patil said the current weakness in the market was due to a delayed economic recovery. He, however, expected corporate earnings to grow 15-20 percent this year.
Jain sees big improvement in the economy‘s fundamentals, driven by a sharp contraction in current account deficit because of lower crude prices, and falling interest rates
As markets seesawed but generally went on a higher ride, 2014 saw several veterans of investing world make high-profile bets that garnered much attention in the media and among the investing public. Here is a round-up of a few that made the most news this year.
Prashant Jain knew that his funds' bet last year on the economy turning around was a tad early, which resulted in their under-performance in 2013. So he sat on his portfolio till he was proved right.
The Morningstar Investment Conference held recently saw a few of India‘s top fund managers take the stage in an interaction to discuss their outlook on stocks, markets and investing.
Stocks are currently finding favour with investors but if the performance sustains for several years, investors would do well to exercise caution, the country's top mutual fund managers -- wary of seeing a 2008 repeat -- say.
Investors not just plowed in most of their investments not just at peak valuations, they sold the most around the bottom and also about every step of the way to the rebound.
According to Prashant Jain, ED & CIO of HDFC Asset Management, upstream and downstream oil companies are looking undervalued.
In an interview with CNBC-TV18‘s Latha Venkatesh and Sonia Shenoy, Prashant Jain, Executive Director & Chief Investment Officer, HDFC Mutual Fund said the economy was close to bottoming out, and both interest rates and inflation have peaked.
HDFC Mutual Fund‘s Prashant Jain is unapologetic about the recent poor performance of HDFC Top 200, the country's biggest fund, despite some mistakes in picking the wrong stocks and sectors.
If diesel prices are increased significantly then fiscal worries will abate to a large extent, says Prashant Jain, Ed & Cio, HDFC Asset Management.
Industry movements of the fortnight: LIC & HUL