The schemes managed by former HDFC Mutual Fund chief investment officer Prashant Jain continue to remain in the pink of health, a year after the star fund manager’s departure, rewarding investors who have stayed put.

We must segregate short-term pain and long-term pain. Pain that is temporary and pain that is permanent.Avoiding a bubble is the best that a fund manager can do for long-term investors. That pain is worth it. The pain lasts for 6 months or 1 year. But when the tide turns, you gain immensely. I have never shied away from avoiding temporary pain. In fact, such occasions are the best time to stand apart and distinguish oneself.

Risks have slowly been addressed and valuations have turned reasonable. These are fairly valued markets. But still there is not much room for multiples to go up, at least in aggregate terms. I would say broadly returns should track earnings growth or nominal GDP growth, 3P Investment Managers.

India's mutual fund experts say that 2022 was a steady year for them made possible by the power of domestic investing. During Business Today’s first-ever Market Today Summit held in Mumbai, 3P Investment Managers said that though valuations are on the higher side, the Indian markets offer a significant compounding story for investors.

Here's the much-awaited second part of the conversation with one of India's most successful fund managers. In conversation with Neha Bothra, the ace investor decodes investment strategies that helped him successfully navigate the ups and downs of several market cycles for thirty years. Jain advises retail investors to keep some money outside stock markets for the next six months as "this may not be the time to go all in for equities". Why? Find out on this edition of Pathbreakers and catch valuable investment tips for long-term wealth creation.

The Don Bradman of India's mutual fund industry, Prashant Jain, joins Neha Bothra on the latest edition of Pathbreakers. Jain, the former CIO of HDFC AMC, is the only fund manager in India to have directly managed funds with an AUM of Rs 1 lakh crore over three decades. In an insightful two-part conversation, the market veteran breaks down his investment philosophy and shares valuable investing lessons that have stood the test of time across several market cycles. Find out what it takes to consistently beat the benchmark and create wealth for millions of retail investors for 30 years.

“I think the economic outlook of India is probably the best that one has seen in the last many decades and that’s what makes one optimistic over the long term,”