Roshi Jain steps into Prashant Jain’s shoes at HDFC AMC

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Roshi Jain, a veteran fund manager, has taken over the reins of HDFC Flexi Cap Fund, one of the largest equity-oriented schemes in India. She took over from Prashant Jain, who quit HDFC AMC in July 2022 to start his own fund house.

Jain has a long and successful track record in the mutual fund industry. She has been with Franklin Templeton India Mutual Fund for over 17 years, where she managed a number of equity funds. She is known for her growth-at-reasonable-price investment style.

Since taking over HDFC Flexi Cap Fund, Jain has made some subtle changes to the portfolio. She has reduced exposures in the energy and consumer staples sector and increased allocations to the IT and pharmaceutical sectors. She has also increased the schemes’ exposure to the defence sector.

Jain is confident that she can continue the success of HDFC Flexi Cap Fund under her leadership. She says that she is committed to the fund’s core philosophy of investing in high-quality companies with good growth potential.

She is also aware that there will be comparisons between the way she manages the fund and the way Prashant Jain did. However, she is not intimidated by this. She says that she sees responsibility as a positive thing, and that it will only motivate her to do her best for the fund.

The performance of HDFC Flexi Cap Fund has been strong since Jain took over. The fund’s NAV has grown by nearly 33% in the past six months. This is in line with the performance of the broader market.

Jain is a highly experienced and capable fund manager. She has a proven track record of success. She is well-positioned to continue the success of HDFC Flexi Cap Fund under her leadership.

Here are some additional details about Roshi Jain:

  • She is a graduate of the Indian Institute of Management, Ahmedabad.
  • She is a CFA charterholder.
  • She has over 20 years of experience in the mutual fund industry.
  • She is known for her growth-at-reasonable-price investment style.
  • She is a regular speaker at industry events.
  • She is a member of the Association of Mutual Funds in India (AMFI).

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