HDFC AMC assigns Prashant Jain's schemes to new fund managers

HDFC Top 100 will be handled by Rahul Baijal, who joined the fund house recently from Sundaram Mutual Fund, where he served for over six years

HDFC Asset Management Company (HDFC AMC) has assigned the three schemes managed by Prashant Jain to new fund managers as the fund house seeks to maintain its recent performance improvement and market share gains even after the exit of its storied fund manager.

Jain, who was chief investment officer (CIO) at HDFC AMC, stepped down on Friday after serving 19 years at the fund house. He handled three flagship schemes of HDFC AMC which had combined assets under management of nearly Rs 90,000 crore as of June 2022.

HDFC Balanced Advantage Fund will now be managed by Gopal Agrawal, Anil