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News From Press Managing a single fund for 25 years and generating high alpha, too

Managing a single fund for 25 years and generating high alpha, too

Source: The Economic Times Mar 15, 2019


HDFC Mutual Fund’s chief investment officer Prashant Jain has become the first Indian fund manager to complete 25 years managing a single fund. He achieved this in 2019 with HDFC Balanced Advantage Fund which has generated an alpha of 9.54 per cent over the Sensex since 1994, Morningstar Direct data show.

HDFC Balanced Advantage Fund (the erstwhile HDFC Prudence Fund), launched in February 1994, is the largest equity-oriented fund in India with assets of Rs 37,395 crore as of February 2 ..

 

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