How HDFC Flexi Cap Fund of Prashant Jain Underperforms in Raging Bull Market ?
HDFC Mutual Fund is among the Top 3 Aseet Management Companies in India on the basis of AUM and not on the basis of performance of schemes it manages. In 2018, I stopped investing in HDFC Funds and started redeeming. Today I would like to highlight how HDFC Flexi Cap (erstwhile HDFC Equity Fund) managed by the legendary Fund Manager, Prahsant Jain under-performed even in a raging Bull Market, while he continues to draw Salary in excess of Rs 6 Crore YoY (ESOP Additionally given, I don’t know about that).
I shifted my investments to FlexiCap Funds in PPFAS, PGIM and DSP with redemption from HDFC. It is well known fact that the problem with Prashant Jain is he BUYs a Scrip and (more…)