Has the ace come out of the woods?

The recent outperformance of India’s top equity funds, HDFC Equity and HDFC Top 200, has again brought their manager, Prashant Jain, and his funds into the limelight.

For, these schemes have outperformed their benchmarks and also beaten the category averages in both the past one month and three-month periods.

For instance, HDFC Equity Fund, with an asset size of Rs 14,375 crore, gave a return of 10.26 per cent over three months against the 8.9 per cent return by its benchmark, the Nifty 500. In the past month, too, the return was 4.97 per cent against 3.55 per cent by the benchmark.

So, too, for the HDFC Top 200 Fund, with an asset size of Rs 11,717 crore. It has gained 10.7 per cent in three months and 4.46 per cent in the past one month. The BSE 200, the index against which the scheme is benchmarked, delivered 8.8 per cent and 3.3 per cent, respectively, in the same period.

https://www.business-standard.com/a...ace-come-out-of-the-woods-116042500943_1.html

 

prashant jain is class apart in investing.

 

100% Agreed. Good timing with strategy.

 

HDFC top 200 and HDFC equity funds are in my portfolio since long.In my view recent three month performace has nothing to do with fund manger and his stock selection. He has taken big bet on Economic recovery ,which did not happen. And all stocks like ICICI bank ,SBI etc were beaten down out of shape in last carnage. Now as these stocks has recovered from lows, so this performance. I wish Parshant Jain come out with good stock selection now,as his last bets has gone wrong. Time is running out very fast for this fund manager to show performance.

 

class is permenant. performance is temporary.

 

Yes,but class can not survive for long without performance. Hard fact of life.Class and performance simultaneously is need of this jet age.Wishing a speedy recovery to performace along with class to star fund manager.

 

Excerpted from : https://www.valueresearchonline.com/funds/fundperformance.asp?schemecode=104