Our conviction in manager Prashant Jain and this fund remains intact and we retain our ‘Gold’ rating on HDFC Top 200 Fund Growth, Morningstar India said in a note.
Manager Prashant Jain is sticking to his guns. He continues to have faith in the financial services sector, particularly in State Bank of India.
In 2015, the public sector bank’s fluctuating fortunes (following a rise in nonperforming assets and poor results) had an impact on the fund’s showing. However, it performed well in 2016 and the fund made a promising comeback.
