India Investment, Stocks, Credit Card and Retail Forum
Personal Finance for Indian Investor => Mutual Funds in India => Topic started by: resh on January 21, 2016, 09:41:40 PM
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We have been trying to find out the Salary / Remuneration paid to Sr. Fund Manager Prashant Jain a.k.a Mr. PrashantKumar Rajendra Jain of HDFC Equity and Top 200 Fund. One is the Fixed component and then there is a Variable Component which is directly proportional to the performance of the Fund [Not Sure if it is Returns based in that Financial Year or beating the benchmark which is declared in the Offer Document]
Milind Barve - MD of HDFC Mutual Funds Asset Management Company was drawing the following Salary /Remuneration in the following Years
FY 2010-11 - Rs 5.60 Crore
FY 2011-12 - Rs 5.01 Crore
FY 2012-13 - Rs 5.43 Crore
FY 2013-14 - Rs 5.89 Crore
FY 2014-15 - Rs 5.89 Crore [Same as Previous Year]
Our guess is Prashant Jain takes home similar amount like the Milind Barve. Wait we are trying to find out. If you have any links / Jugad in Delloite Haskins & Sells LLP Auditing Firm of HDFC AMC, you can get this data.
Update on May-03-2016:
Here is List of All the Executives of HDFC Mutual Fund AMC and their Pay / Remuneration in 2015-16 (http://www.dalalstreet.biz/forum/india-mutual-funds/list-of-top-paid-executives-hdfc-mutual-fund-amc/) and is 100% Authentic :-)