HDFC AMC

Prashant Jain’s AIF returns 58% in its first year, with little help from SMID caps

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Prashant Jain’s AIF returns 58% in its first year, with little help from SMID caps

Former HDFC AMC chief Prashant Jain’s 3P India Equity Fund 1 has comfortably beaten the Nifty 50 index in its first year, despite largely ignoring small and mid cap stocks. According to the latest data, as of 28 June, the category-3 alternative investment fund (AIF) delivered a 58.4% return since it was launched in May … Read more

Top Stock Recommendations: Sagar Doshi of Nuvama suggests MCX, Birlasoft, and HDFC AMC today

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Top Stock Recommendations: Sagar Doshi of Nuvama suggests MCX, Birlasoft, and HDFC AMC today

In early trade, the 30-share BSE Sensex increased by 134.64 points to reach a new all-time high of 78,188.16. The Nifty increased to 23,749.50, up 28.2 points. Subsequently, though, both benchmark indices had volatile trends and fluctuated between highs and lows. Financial Services, IT, Media, and Private Banks were among the sectoral indices at the … Read more