Prashant Jain, one of the most iconic fund manager in Indian m | Wealth of Wisdom - WOW

Prashant Jain, one of the most iconic fund manager in Indian mutual fund industry has his last day in HDFC MF today. If he was born in America , he would have been touted and compared with Warrent Buffett! His track records over last 29 years is far better than WB. But in India , ghar ki murgi daal barabar!!! His was the longest serving fund manager not only in India but in global markets as well! His HDFC Balanced Advantage Fund which he managed for 29 years has delivered 18% compounded returns ( thought it’s a hybrid fund)! What is hidden in his last message is this very interesting and profound findings! - He has made Rs. 87,000 crores profit for investors! - he invested in 465 stocks - lost money in 25% stocks - 55 stocks( 12% of stocks) delivered 85% of the the entire profits! - His entire journey has just 6/8 big decisions.