Fund Manager Profile
Prashant Jain
Founder & Chief Investment Officer - 3P Investment Managers
Prashant Jain is the Founder and CIO at 3P, bringing 34 years of experience in Indian equities to the table. He graduated with a BTech from IIT-Kanpur and a PGDM from IIM-Bangalore.
Jain began his career at SBI Mutual Fund (1991-1993) before moving on to establish 20th Century Mutual Fund, which later became Zurich India Mutual Fund. HDFC Mutual Fund acquired it in 2003. He managed the same fund continuously for over 28 years. From January 1994 to July 2022, the HDFC Balanced Advantage Fund had a compound annual growth rate of about 17.9%, while the Sensex had a compound annual growth rate of about 9.6%.
Over the past three decades, his winning strategies included technology in the 90s, the old economy from the early 2000s to before Lehman, consumer and pharma from before Lehman to the mid-2010s, and corporate banks, energy, defense, and utilities in the most recent phase. He also correctly predicted the tech bubble and avoided overinvesting in infrastructure, power (before Lehman), and newer tech stocks more recently.
