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One year after Prashant Jain at HDFC MF: How the fund house has coped
One year after Prashant Jain at HDFC MF: How the fund house has coped
Source: Moneycontrol Sep 16, 2023
Losing a good fund manager is tough on any asset management company (AMC), but finding a replacement for someone who has earned gains of around Rs 87,000 crore over the years can be near impossible. This happened at HDFC Asset Management Co Ltd (India’s third largest fund house with assets worth Rs 5.31 lakh crore) when Prashant Jain, one of the longest serving fund managers in India, hung up his boots in July 2022, bringing to a close his 28-year...
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