Founder & Chief Investment Officer
Prashant Jain is Founder and CIO at 3P. He has 32 years of experience in Indian equities, all of it with mutual funds. He is a BTech from IIT-Kanpur and PGDM from IIM-Bangalore. He started his career with SBI Mutual Fund (1991-1993). He then moved to set up 20th Century Mutual Fund that became Zurich India Mutual Fund which was finally acquired by HDFC Mutual Fund in 2003. He thus has an unbroken track record of managing the same fund for over 28 years. This Fund, HDFC Balanced Advantage Fund, delivered a CAGR of ~17.9% vs Sensex CAGR of ~9.6% from Jan 1994 - July 2022.
His key winning themes over these three decades were technology in 90’s, old economy from early 2000 to pre-Lehman, consumer and pharma from pre-Lehman to mid-2010’s and corporate banks, energy, defense, utilities etc. in the last phase. He also successfully called the tech bubble and avoided the excesses of pre-Lehman in infra, power and more recently in new age tech stocks. Attached note “SAAR” chronicles his three-decade journey.
