All funds in India are minuscule5 min read . Updated: 22 Apr 2014, 10:21 AM IST
HDFC AMC's Prashant Jain talks about how life has changed over the last 20 years as a fund manager
Launched in 1994 by the erstwhile Twentieth Century Asset Management Co. Ltd, HDFC Prudence Fund—arguably India’s most successful balanced fund—was then known as Centurion Prudence Fund. Though its fund house changed hands twice—Zurich India Asset Management Co. Ltd acquired it first in 1999 and then HDFC Asset Management Co. Ltd acquired Zurich India in 2003—Prashant Jain has continued to manage this scheme. He now holds the record for managing a single mutual fund scheme in India for the longest duration at a stretch. HDFC Prudence has returned 19.1% since its inception and claims to have about 2,500 investors who have stayed invested in it throughout these 20 years. In a conversation, Jain tells us how life has changed in these 20 years as a fund manager, and why certain other things remain the same.
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