Jain oversees the Balanced Benefit, Flexi Cap, and Prime 100 funds at HDFC MF, in addition to an India-specific scheme with an unique mandate from a sovereign wealth fund.
In response to sources, the full AUM (property below administration) of the above-stated funds mixed, crossed the Rs1 lakh crore mark on Tuesday.
As of June 30, the Balanced Benefit Fund had an AUM of Rs43,079 crore, Flexicap Fund had Rs26,511 crore, and HDFC Prime 100 had Rs19,910 crore, as per the info launched by mutual fund business analytics agency NGEN Analysis. In response to the newest fund portfolio information, debt devices account for roughly 25% of Balanced Benefit Fund’s AUM.
Whereas there are different fund managers accountable for property price greater than Rs 1 lakh crore, business information present that a good portion of these property are in debt devices.
Jain additionally holds the excellence of being the primary Indian fund supervisor to supervise a fund for greater than 25 years.
In response to business information, R Srinivasan of SBI MF and S Naren of ICICI Prudential MF each handle property price greater than Rs1 lakh crore throughout fairness, debt, and different devices.
The HDFC Mutual Fund made no touch upon the achievement. The publicly traded asset administration agency is within the obligatory quiet interval forward of its quarterly outcomes on Friday.