#Prashant Jain managed funds

[3pim]

Prashant Jain: Architect of Wealth Creation

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Udayan Mukherjee Exclusive with Market Guru Prashant Jain

Watch as Market Guru Prashant Jain, Director & Fund Manager, 3P Investment Managers, and Business Today TV’s Global Business Editor Udayan Mukherjee discuss the state of the market. Jain has a generally upbeat prognosis for India’s economy. 

[nationalmediacommunique]

India well placed to reach $5 trillion economy mark by 2024 and $10 trillion by 2030, say industry who’s-who

-         Experts from Banking, Industry, Economy, Finance and Capital Market discussed the roadmap for achieving the GDP targets at the Financial Conclave organised by Jito Professional Forum

-         The financial conclave was attended by 250 finance professionals, bankers, fund managers, capital market participants, all JITO Members

 Mumbai,  September 25, 2019: Following the recent positive steps taken by the government to support the economy’s growth and boost various industry sectors through capital market reforms, banking sector consolidation, corporate tax rate cut, Rs 10000 crore special window funding to real estate along with many other measures, the who’s-who of the industry have evinced their confidence about the Indian economy not only reaching the target of $5 trillion by 2024 but also looking beyond to achieve the $10 trillion mark by 2030.  

At the “Jito Professional Forum -Finance Conclave” organized by The JITO Professional Forum (JPF), an arm of Jain International Trade Organization ( JITO ), on Sunday, September 22, 2019, over 250 participants which included the who’s-who of the industry comprising of CXOs managing 40 % AUM of Indian Mutual Fund Industry & equity market experts, as well as experts from Banking, Industry serving over 40 % of the Indian Banking market ,Industry handling over 50 % of India’s Data consumption ,Economy and Finance, discussed the roadmap for the industry to achieve the mission of $ 5 trillion dollar economy by 2024. The experts were part of panel discussions on various avenues that could lead India to achieve the abovementioned goals.  

The panel on the “Way Forward” to achieve the $5trillion target was moderated by Dr. Ashok Ajmera, CMD of Ajcon Global Services Ltd and a Sr Equity Analyst.

Mr. Prashant Jain, ED & CIO of HDFC AMC, Mr. Navneet Munot, CIO of SBI Mutual Fund, Mr. Sankaran Naren, ED & CIO, ICICI Prudential AMC, Mr. S. P. Tulsian, senior Equity market analyst, Mr. Sunil Singhania of Abakkus Asset Manager LLP (Fr. Global Head – Equities at Reliance Capital) and Mr. Vijay Anand – Product & Research Head of Aum Capital, were part of this panel discussion.

Mr. Prashant Jain, ED & CIO of HDFC AMC, made a presentation to show that Indian investor would continue to see exponential advantage in investing in equity market as compared to other asset classes: “The power of equity investment can be judged from the simple fact that the BSE Sensex has moved to 40000 in 2019 from 100 in 1979. This is, 400 times appreciation in 40 years, which is around 16% CAGR. No other asset class has given returns even remotely near to this. Patience is the key to successful investing in equities,” he said.

Mr. Sankaran Naren, ED & CIO, ICICI Prudential AMC, however, advised that “Small cap is cheap and quality is costly.”

Speaking about the benefits of some of the recent reforms measures announced by the government, Mr. S. P. Tulsian, senior Equity market analyst, said, “Indian economy is poised to grow touching a rapid double digit growth over next 5 years.  The recent Tax rate cut will revive investment climate with FDI & FII investment seen rising over next 2-3 years. Contract manufacturing allowed with 100% FDI, coupled with new units attracting 17% Income tax will accelerate setting up of new units in electronic, defence and technological sectors.”

Mr. Navneet Munot - CIO of SBI Mutual Fund, agreed with Mr. Prashant Jain and said: “Investors will benefit from remaining invested in equity market in the medium to long term and should avoid selling it low and buying at high. He added, “A reform friendly government with significant political capital, a stable macro-economic environment and structural drivers like favorable demographics, demand and digitalisation will take India to a $5 trillion economy. A world dealing with excessive liquidity and anemic growth will find India as an 'Oasis of Hope'.”

The second panel discussion on “The Outlook” for Indian economy was moderated by Mr. Arijit Basu, Managing Director of State Bank of India, and the panelists included Mr. Saumya Kanti Ghosh, Gr. Chief Economic Advisor for SBI, Kewal Handa, Charman of Union Bank of India, Mr. Rajneesh Jain, CFO, Reliance Jio Infocomm Ltd., and Shri. Pankaj Jain, Director at Duff & Phelps.

Mr. Saumya Kanti Ghosh provided statistical numbers to prove that India could easily reach the target of USD 5 trillion by 2024. He said: “The decision to rationalise corporate taxes will result in significant corporate savings and could act as an enabler in an investment led recovery in medium term. We must remember that $5 trillion is just a number and policies must be tailored towards that objective.”

From JITO Mumbai Zone, Chairman, Shri. Hitesh Doshi and from JPF –Director In Charge, Shri. Ravi Jain welcomed the guests and Vice Chairman – JPF Shri. Ajay Bohara gave the details of activities being carried out by JPF. Shri. Vicky Oswal, Chief Secretary-Mumbai ZONE, delivered the vote of thanks.

Mr. Ajmera congratulated the JPF team for ensuring that their first-ever Finance Conclave was such a huge hit. “Kudos to the team JPF tam for making this event a super-duper hit. This event has become the most sought-after professional event series by the professionals in the Jain community," he said.

[digitaltrand]

Parting Note | Best is yet to come in PSU stocks, says Prashant Jain

Parting Note | Best is yet to come in PSU stocks, says Prashant Jain

(Image credit: Suneesh Kalarickal) In recent years, Prashant Jain, prolific fund manager and former chief investment officer of HDFC Mutual Fund, was criticised for his outsized exposure to public sector undertakings (PSUs). Initially, criticism was understandable. The portfolio he was managing at the fund house was underperforming others largely due to PSUs as the BSE PSU index fell at a…

[techvercy]

Prashant Jain: Prashant Jain, the Don Bradman of the MF industry, its ambassador

Prashant Jain: Prashant Jain, the Don Bradman of the MF industry, its ambassador

One of the longest serving mutual fund manager Prashant Jain‘s tendering his resignation at HDFC AMC has brought in a flood of emotional tweets for the ‘Doland Bradman‘ of the mutual fund industry. Jain, who exited as CIO of after 19 long years and was with the fund house for decades, had the unique distinction of being the first Indian fund manager to manage a fund for over 25 years. The…

[squarwell-breakingnews]

Jain, poster boy of MF industry, quits HDFC Mutual Fund after 19 years - Times of India

Jain, poster boy of MF industry, quits HDFC Mutual Fund after 19 years – Times of India

MUMBAI: Prashant Jain, one of the longest serving mutual fund managers in the country, quit HDFC Mutual Fund (MF), days after three of his funds, together with one managed for a foreign investor, crossed the Rs 1 lakh crore assets under management (AUM) milestone. Jain had come to HDFC MF after it acquired Zurich MF in 2003 and had been its chief investment officer (CIO) since mid-2004. With Jain…

[theliveusa]

Idea Exchange | Inflation will probably surprise us on the upside… could lead to higher interest rates: Prashant Jain

Idea Exchange | Inflation will probably surprise us on the upside… could lead to higher interest rates: Prashant Jain

Prashant Jain, ED and CIO of HDFC AMC — the longest-serving fund manager in the country — speaks on the impact of global events on Indian economy and markets, surge in the number of new retail investors, new-age companies and the way ahead for investors. The session was moderated by Sandeep Singh, Resident Editor, Mumbai. Excerpts: Sandeep Singh: Over the last few months, markets have been…

[moneycafe]

Prashant Jain: HDFC MF's Prashant Jain is making a risky bet on a market anomaly

Prashant Jain: HDFC MF’s Prashant Jain is making a risky bet on a market anomaly

MUMBAI: One of the Dalal Street’s most celebrated fund managers is taking an adventurous contrarian call in portfolio construction to beat rivals and the market. HDFC Mutual Fund’s Chief Investment Officer Prashant Jain, who also manages the long-running HDFC Flexi Cap Fund, is looking to take a risky bet on an ongoing market anomaly. While the current rally is getting more broadbased, there are…

[newsmatters]

Buy when FIIs sell to earn big returns on Indian stocks: Prashant Jain

Buy when FIIs sell to earn big returns on Indian stocks: Prashant Jain

Most investors miss big opportunities to make money in stocks, primarily because either they do not understand equity well, or they easily succumb to the human nature of avoiding pain. That insight comes from India’s top fund manager Prashant Jain. Jain said the easiest way to make money in Indian stocks is to buy them when foreign portfolio investors sell. “It’s a human nature to avoid pain,…

[3pim]

"3 Pim" offers expert financial guidance, with funds managed by Prashant Jain, a renowned investment professional. This service aims to maximize returns and optimize your portfolio through strategic asset allocation and market insights.

[varansai-varta]

India well placed to reach $5 trillion economy mark by 2024 and $10 trillion by 2030, say industry who’s-who

-         Experts from Banking, Industry, Economy, Finance and Capital Market discussed the roadmap for achieving the GDP targets at the Financial Conclave organised by Jito Professional Forum

-         The financial conclave was attended by 250 finance professionals, bankers, fund managers, capital market participants, all JITO Members

 Mumbai,  September 25, 2019: Following the recent positive steps taken by the government to support the economy’s growth and boost various industry sectors through capital market reforms, banking sector consolidation, corporate tax rate cut, Rs 10000 crore special window funding to real estate along with many other measures, the who’s-who of the industry have evinced their confidence about the Indian economy not only reaching the target of $5 trillion by 2024 but also looking beyond to achieve the $10 trillion mark by 2030.  

At the “Jito Professional Forum -Finance Conclave” organized by The JITO Professional Forum (JPF), an arm of Jain International Trade Organization ( JITO ), on Sunday, September 22, 2019, over 250 participants which included the who’s-who of the industry comprising of CXOs managing 40 % AUM of Indian Mutual Fund Industry & equity market experts, as well as experts from Banking, Industry serving over 40 % of the Indian Banking market ,Industry handling over 50 % of India’s Data consumption ,Economy and Finance, discussed the roadmap for the industry to achieve the mission of $ 5 trillion dollar economy by 2024. The experts were part of panel discussions on various avenues that could lead India to achieve the abovementioned goals.  

The panel on the “Way Forward” to achieve the $5trillion target was moderated by Dr. Ashok Ajmera, CMD of Ajcon Global Services Ltd and a Sr Equity Analyst.

Mr. Prashant Jain, ED & CIO of HDFC AMC, Mr. Navneet Munot, CIO of SBI Mutual Fund, Mr. Sankaran Naren, ED & CIO, ICICI Prudential AMC, Mr. S. P. Tulsian, senior Equity market analyst, Mr. Sunil Singhania of Abakkus Asset Manager LLP (Fr. Global Head – Equities at Reliance Capital) and Mr. Vijay Anand – Product & Research Head of Aum Capital, were part of this panel discussion.

Mr. Prashant Jain, ED & CIO of HDFC AMC, made a presentation to show that Indian investor would continue to see exponential advantage in investing in equity market as compared to other asset classes: “The power of equity investment can be judged from the simple fact that the BSE Sensex has moved to 40000 in 2019 from 100 in 1979. This is, 400 times appreciation in 40 years, which is around 16% CAGR. No other asset class has given returns even remotely near to this. Patience is the key to successful investing in equities,” he said.

Mr. Sankaran Naren, ED & CIO, ICICI Prudential AMC, however, advised that “Small cap is cheap and quality is costly.”

Speaking about the benefits of some of the recent reforms measures announced by the government, Mr. S. P. Tulsian, senior Equity market analyst, said, “Indian economy is poised to grow touching a rapid double digit growth over next 5 years.  The recent Tax rate cut will revive investment climate with FDI & FII investment seen rising over next 2-3 years. Contract manufacturing allowed with 100% FDI, coupled with new units attracting 17% Income tax will accelerate setting up of new units in electronic, defence and technological sectors.”

Mr. Navneet Munot - CIO of SBI Mutual Fund, agreed with Mr. Prashant Jain and said: “Investors will benefit from remaining invested in equity market in the medium to long term and should avoid selling it low and buying at high. He added, “A reform friendly government with significant political capital, a stable macro-economic environment and structural drivers like favorable demographics, demand and digitalisation will take India to a $5 trillion economy. A world dealing with excessive liquidity and anemic growth will find India as an 'Oasis of Hope'.”

The second panel discussion on “The Outlook” for Indian economy was moderated by Mr. Arijit Basu, Managing Director of State Bank of India, and the panelists included Mr. Saumya Kanti Ghosh, Gr. Chief Economic Advisor for SBI, Kewal Handa, Charman of Union Bank of India, Mr. Rajneesh Jain, CFO, Reliance Jio Infocomm Ltd., and Shri. Pankaj Jain, Director at Duff & Phelps.

Mr. Saumya Kanti Ghosh provided statistical numbers to prove that India could easily reach the target of USD 5 trillion by 2024. He said: “The decision to rationalise corporate taxes will result in significant corporate savings and could act as an enabler in an investment led recovery in medium term. We must remember that $5 trillion is just a number and policies must be tailored towards that objective.”

From JITO Mumbai Zone, Chairman, Shri. Hitesh Doshi and from JPF –Director In Charge, Shri. Ravi Jain welcomed the guests and Vice Chairman – JPF Shri. Ajay Bohara gave the details of activities being carried out by JPF. Shri. Vicky Oswal, Chief Secretary-Mumbai ZONE, delivered the vote of thanks.

Mr. Ajmera congratulated the JPF team for ensuring that their first-ever Finance Conclave was such a huge hit. “Kudos to the team JPF tam for making this event a super-duper hit. This event has become the most sought-after professional event series by the professionals in the Jain community," he said.

[flyingbizdeals]

HDFC Mutual Fund's Prashant Jain’s love for PSUs evident in June purchases

HDFC Mutual Fund’s Prashant Jain’s love for PSUs evident in June purchases

HDFC Mutual Fund’s Prashant Jain’s love for public sector stocks is evident in the AMC’s june purchases. Three out of top five stocks bought in June are PSUs. HDFC Mutual Fund, the second largest AMC of the country manages assets worth ₹3.53 lakh crore as on June 30. The mutual fund house lost its top position in terms of assets under management to SBI Mutual Fund in January this year.

The…

[gokul2181]

Market News In Hindi : Two funds downgraded by Prashant Jain, fund manager of HDFC Mutual Fund, both funds lost more than 20 percent in one year | एचडीएफसी म्यूचुअल फंड के फंड मैनेजर प्रशांत जैन के दो फंड्स डाउनग्रेड, दोनों फंड ने एक साल में 20 प्रतिशत से ज्यादा का घाटा दिया

New Post has been published on https://jordarnews.in/market-news-in-hindi-two-funds-downgraded-by-prashant-jain-fund-manager-of-hdfc-mutual-fund-both-funds-lost-more-than-20-percent-in-one-year-%e0%a4%8f%e0%a4%9a%e0%a4%a1%e0%a5%80%e0%a4%8f/

Market News In Hindi : Two funds downgraded by Prashant Jain, fund manager of HDFC Mutual Fund, both funds lost more than 20 percent in one year | एचडीएफसी म्यूचुअल फंड के फंड मैनेजर प्रशांत जैन के दो फंड्स डाउनग्रेड, दोनों फंड ने एक साल में 20 प्रतिशत से ज्यादा का घाटा दिया

एचडीएफसी इक्विटी और एचडीएफसी टॉप 100 फंड डाउनग्रेड

दोनों फंड की रेटिंग गोल्ड से घटाकर सिल्वर में कर दी गई है

दैनिक भास्कर

Jul 01, 2020, 07:47 PM IST

मुंबई. म्यूचुअल फंड इंडस्ट्री में जाने माने फंड मैनेजर्स में से एक एचडीएफसी असेट मैनेजमेंट कंपनी के फंड मैनेजर प्रशांत जैन के दो फंड्स को मॉर्निंग स्टार ने डाउनग्रेड कर दिया है। एचडीएफसी इक्विटी और एचडीएफसी टॉप 100 फंड्स को मॉर्निंग स्टार ने गोल्ड से सिल्वर कैटिगरी में डाल दिया है। एचडीएफसी इक्विटी लॉर्ज कैप फंड कैटिगरी में है जबकि एचडीएफसी टॉप 100 मल्टीकैप फंड है�� इन दोनों का एयूएम 31,962 करोड़ रुपए है।

बेंचमार्क की तुलना में फंड्स का कमजोर प्रदर्शन

मॉर्निंग स्टार ने कहा है कि इसमें जोखिम ज्यादा दिख रहा है। 5 और 10 सालों की अवधि में इस फंड ने अपने बेंचमार्क की तुलना में कमजोर प्रदर्शन किया है। दोनों फंड की ज्यादा होल्डिंग एक ही जैसे शेयर में है। एचडीएफसी इक्विटी फंड का एक्सपोजर 44 स्टॉक में है। इसकी मुख्य होल्डिंग आईटीसी, एसबीआई, एलएंडटी, आईसीआईसीआई बैंक, इंफोसिस और रिलायंस इंडस्ट्रीज में है। इसी तरह एचडीएफसी टॉप 100 फंड का एक्सपोजर 50 स्टॉक में था। इसमें भी प्रमुख रूप से लॉर्सन एंड टूब्रो, आईटीसी, एचडीएफसी बैंक, आईसीआईसीआई बैंक, रिलायंस इंडस्ट्रीज, इंफोसिस का समावेश था।

एक साल में 21.72 प्रतिशत का घाटा दिया टॉप 100 फंड ने

पिछले एक साल में इसने 21.72 प्रतिशत का घाटा दिया है। हालांकि इसी अवधि में इसके पीयर्स ने कम घाटा दिया है। तीन साल में इसने 1.05 प्रतिशत का घाटा दिया है। इसके एयूएम की बात करें तो यह 14,468 करोड़ रुपए रहा है। जबकि आईसीआईसीआई प्रूडेंशियल का एयूएम 21,766 करोड़ रुपए रहा है। 6 महीने में एचडीएफसी टॉप 100 स्कीम के वैल्यू में 19.61 प्रतिशत की गिरावट आई है।

इक्विटी फंड ने एक साल में 23.51 प्रतिशत का घाटा दिया

इसी तरह एचडीएफसी इक्विटी फंड ने एक साल में 23.51 प्रतिशत का घाटा निवेशकों को दिया है। तीन साल में इसने 2.18 प्रतिशत का घाटा दिया है। इसका एयूएम 17,495 करोड़ रुपए रहा है जबकि कोटक म्यूचअल फंड की मल्टीकैप स्कीम का एयूएम 25,984 करोड़ रुपए रहा है। मॉर्निंगस्टार के रिसर्च एनालिस्ट हिमांशु श्रीवास्तव ने कहा कि प्रशांत जैन का लंबी अवधि के निवेश का नजरिया पूरी तरह से निवेश में बने रहने की होती है। भले ही रणनीति कारगर न हो।

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[3pim]

Prashant Jain's Investment Philosophy: Key Principles for Success

Prashant Jain, one of India's most respected investment managers, has built a stellar reputation over his decades-long career. His investment philosophy has guided the success of numerous funds managed by Prashant Jain, making him a role model for both seasoned investors and newcomers alike. Let's delve into the key principles that form the cornerstone of his approach to wealth creation.

Value Investing at its Core

At the heart of Jain's philosophy lies the concept of value investing. He consistently seeks out undervalued companies with strong fundamentals, believing that the market will eventually recognize their true worth. This patient approach has been a hallmark of the funds managed by Prashant Jain, often resulting in impressive long-term returns.

Focus on Fundamentals

Jain places immense importance on a company's fundamentals. He meticulously analyzes factors such as cash flow, debt levels, and management quality before making investment decisions. This rigorous approach ensures that the funds managed by Prashant Jain are built on a solid foundation of well-researched stocks.

Long-Term Perspective

Unlike many who chase short-term gains, Jain advocates for a long-term investment horizon. He believes that true wealth creation happens over time, allowing companies to grow and compound returns. This principle is evident in the consistent performance of funds managed by Prashant Jain over extended periods.

Contrarian Approach

Jain isn't afraid to go against the market consensus when his research supports it. This contrarian stance has often led to significant gains for investors in funds managed by Prashant Jain, as he identifies opportunities others might overlook.

Sector Rotation

Understanding economic cycles and their impact on different sectors is crucial to Jain's strategy. He adeptly rotates investments across sectors based on their growth potential and valuations, ensuring that funds managed by Prashant Jain remain well-positioned for various market conditions.

Risk Management

While seeking growth, Jain never loses sight of risk management. He emphasizes diversification and maintains a balanced approach, which has helped funds managed by Prashant Jain weather market volatility effectively.

By adhering to these key principles, Prashant Jain has consistently delivered value to investors. Whether you're a seasoned market participant or just starting your investment journey, incorporating these philosophies into your approach could pave the way for long-term financial success.

[rajkot-patrika]

India well placed to reach $5 trillion economy mark by 2024 and $10 trillion by 2030, say industry who’s-who

-         Experts from Banking, Industry, Economy, Finance and Capital Market discussed the roadmap for achieving the GDP targets at the Financial Conclave organised by Jito Professional Forum

-         The financial conclave was attended by 250 finance professionals, bankers, fund managers, capital market participants, all JITO Members

 Mumbai,  September 25, 2019: Following the recent positive steps taken by the government to support the economy’s growth and boost various industry sectors through capital market reforms, banking sector consolidation, corporate tax rate cut, Rs 10000 crore special window funding to real estate along with many other measures, the who’s-who of the industry have evinced their confidence about the Indian economy not only reaching the target of $5 trillion by 2024 but also looking beyond to achieve the $10 trillion mark by 2030.  

At the “Jito Professional Forum -Finance Conclave” organized by The JITO Professional Forum (JPF), an arm of Jain International Trade Organization ( JITO ), on Sunday, September 22, 2019, over 250 participants which included the who’s-who of the industry comprising of CXOs managing 40 % AUM of Indian Mutual Fund Industry & equity market experts, as well as experts from Banking, Industry serving over 40 % of the Indian Banking market ,Industry handling over 50 % of India’s Data consumption ,Economy and Finance, discussed the roadmap for the industry to achieve the mission of $ 5 trillion dollar economy by 2024. The experts were part of panel discussions on various avenues that could lead India to achieve the abovementioned goals.  

The panel on the “Way Forward” to achieve the $5trillion target was moderated by Dr. Ashok Ajmera, CMD of Ajcon Global Services Ltd and a Sr Equity Analyst.

Mr. Prashant Jain, ED & CIO of HDFC AMC, Mr. Navneet Munot, CIO of SBI Mutual Fund, Mr. Sankaran Naren, ED & CIO, ICICI Prudential AMC, Mr. S. P. Tulsian, senior Equity market analyst, Mr. Sunil Singhania of Abakkus Asset Manager LLP (Fr. Global Head – Equities at Reliance Capital) and Mr. Vijay Anand – Product & Research Head of Aum Capital, were part of this panel discussion.

Mr. Prashant Jain, ED & CIO of HDFC AMC, made a presentation to show that Indian investor would continue to see exponential advantage in investing in equity market as compared to other asset classes: “The power of equity investment can be judged from the simple fact that the BSE Sensex has moved to 40000 in 2019 from 100 in 1979. This is, 400 times appreciation in 40 years, which is around 16% CAGR. No other asset class has given returns even remotely near to this. Patience is the key to successful investing in equities,” he said.

Mr. Sankaran Naren, ED & CIO, ICICI Prudential AMC, however, advised that “Small cap is cheap and quality is costly.”

Speaking about the benefits of some of the recent reforms measures announced by the government, Mr. S. P. Tulsian, senior Equity market analyst, said, “Indian economy is poised to grow touching a rapid double digit growth over next 5 years.  The recent Tax rate cut will revive investment climate with FDI & FII investment seen rising over next 2-3 years. Contract manufacturing allowed with 100% FDI, coupled with new units attracting 17% Income tax will accelerate setting up of new units in electronic, defence and technological sectors.”

Mr. Navneet Munot - CIO of SBI Mutual Fund, agreed with Mr. Prashant Jain and said: “Investors will benefit from remaining invested in equity market in the medium to long term and should avoid selling it low and buying at high. He added, “A reform friendly government with significant political capital, a stable macro-economic environment and structural drivers like favorable demographics, demand and digitalisation will take India to a $5 trillion economy. A world dealing with excessive liquidity and anemic growth will find India as an 'Oasis of Hope'.”

The second panel discussion on “The Outlook” for Indian economy was moderated by Mr. Arijit Basu, Managing Director of State Bank of India, and the panelists included Mr. Saumya Kanti Ghosh, Gr. Chief Economic Advisor for SBI, Kewal Handa, Charman of Union Bank of India, Mr. Rajneesh Jain, CFO, Reliance Jio Infocomm Ltd., and Shri. Pankaj Jain, Director at Duff & Phelps.

Mr. Saumya Kanti Ghosh provided statistical numbers to prove that India could easily reach the target of USD 5 trillion by 2024. He said: “The decision to rationalise corporate taxes will result in significant corporate savings and could act as an enabler in an investment led recovery in medium term. We must remember that $5 trillion is just a number and policies must be tailored towards that objective.”

From JITO Mumbai Zone, Chairman, Shri. Hitesh Doshi and from JPF –Director In Charge, Shri. Ravi Jain welcomed the guests and Vice Chairman – JPF Shri. Ajay Bohara gave the details of activities being carried out by JPF. Shri. Vicky Oswal, Chief Secretary-Mumbai ZONE, delivered the vote of thanks.

Mr. Ajmera congratulated the JPF team for ensuring that their first-ever Finance Conclave was such a huge hit. “Kudos to the team JPF tam for making this event a super-duper hit. This event has become the most sought-after professional event series by the professionals in the Jain community," he said.

[zavings]

Prashant Jain-led HDFC AMC sells more shares of RIL, buys mid & smallcaps

Prashant Jain-led HDFC AMC sells more shares of RIL, buys mid & smallcaps

The AMC’s investment team, led by star fund manager Prashant Jain, seems have turned the focus on stocks that are likely to benefit from the recovery in the hinterland and on companies that may benefit from Covid-19 pandemic and from the reopening of the economy.