He speaks a lot about asset allocation everytime he speaks in TV and that his much spoken about flagship fund Icici balanced advantage fund which has AUM of 50,000 crore with asset allocation being done depending upon valuations,
has done very badly over last 1,3,5 years with returns of 10%, 15%, 11% respectively.
Where as HDFC balanced advantage which was previously managed by Prashant jain ( now he has left HDFC AMC) with AUM of Rs 60,000 crore has given 15 %, 27%, 16% over last 1.3,5 years.
If you see the portfolio , Hdfc balanced advantage fund has mostly select mid and small cap stocks and ICICI balanced advantage has mostly large cap stocks.
| Subscribe To Our Free Newsletter |
