Mr. Prashant Jain has been the fund manager of this fund since June 19th 2003. He is one of the most respected fund managers in the Mutual Fund Industry in India. He is also the Fund Manager for some other funds from the HDFC Mutual Fund Family that have been considered the Industry's top performers. Some of the top performing funds he manages are:
1. HDFC Top 200 Fund
2. HDFC Equity Fund
3. HDFC Infrastructure Fund
HDFC Prudence Fund is a Balanced Fund that invests a healthy portion of its assets in Debt and other Fixed Income Instruments. The Asset Allocation % on the various asset categories for this fund is as follows: Equity - 61.36% Debt - 20.85% Others - 14.13% (This includes Equity related products like Derivatives & other Instruments) Money Market - 2.3% Cash - 1.35%
The fund manager
A hedge fund is an investment fund that is only open to a limited range of investors that has a wider range of investement and that manager would manage that.
When you invest in mutual you are buying the units or portion of the mutual fund and thus on investing becomes the shareholder.There are top AMC'S which help you to know regarding this they are Reliance mutual fund, HDFC etc.
Basically the key area of an financial manager are divide into four main areas which are following:- 1.Planing of fund. 2.Acquisation of fund. 3.Allocation of fund. 4.Reinvestment of fund.
A Fund Manager of a Mutual Fund is the person who is responsible for managing the investors money and taking the investment decisions for the fund. For ex: Mr. Prashant Jain has been the fund manager of this fund since June 19th 2003. He is one of the most respected fund managers in the Mutual Fund Industry in India. He is also the Fund Manager for some other funds from the HDFC Mutual Fund Family that have been considered the Industry's top performers. Some of the top performing funds he manages are: 1. HDFC Top 200 Fund 2. HDFC Equity Fund 3. HDFC Infrastructure Fund
Some of the best funds in India right now are: 1. HDFC Prudence Fund 2. HDFC Midcap Opportunities 3. IDFC Premier Equity 4. etc
HDFC Prudence Fund is a Balanced Fund that invests a healthy portion of its assets in Debt and other Fixed Income Instruments. The Asset Allocation % on the various asset categories for this fund is as follows: Equity - 61.36% Debt - 20.85% Others - 14.13% (This includes Equity related products like Derivatives & other Instruments) Money Market - 2.3% Cash - 1.35%
HDFC Prudence Fund invests in a number of large-cap and blue-chip company stocks. Some of the top stock holdings of this fund are as follows:Stock NameWeightage (As a % of their Overall Assets)State Bank of India4.16%Infosys4%TATA Consultancy Services (TCS)3.35%ICICI Bank3.21%Page Industries3.01%Bharti Airtel2.79%Bank of Baroda2.38%TATA Motors2.12%TATA Steel2.08Coal India Ltd1.68%Crompton Greaves1.49%Jaiprakash Associates1.45%Cipla1.40%Pidilite Industries1.39%Reliance Industries1.37%Oil India Ltd1.37%Bharat Petroleum Corporation1.20%Axis Bank1.18%LIC Housing Finance1.18%Ipca Laboratories1.13%Zydus Wellness1.08%Zee Entertainment1.06%Procter & Gamble1.06%Info Edge India1.01%HT Media0.98%This is not the full/consolidated stock holdings of HDFC Prudence Fund. Only the top 25 stock holdings that are held by HDFC Prudence Fund are available here
HDFC Prudence fund invests over 60% of its assets in Equities (shares) and has a diversified asset allocation spanning the various sectors of company's available. The Sector Weightage (%) for this fund is as follows:Sector NameWeightage %Banking & Financial Services13.89%Information Technology8.09%Manufacturing6.63%Oil & Gas6.23%Pharmaceuticals4.86%Metals & Mining3.76%Telecommunication2.79%Engineering & Capital Goods2.46%Automotive2.12%Media & Entertainment2.04%Consumer Goods Non-durables1.80%Cement & Construction1.45%Chemicals1.39%Food & Beverages1.06%Consumer Goods Durables0.86%Others1.93%
Below are the key details of the HDFC Prudence Mutual Fund Plan.Fund NameHDFC PrudenceAsset Management CompanyHDFC Mutual FundsFund Type/CategoryOpen-Ended/Balanced FundScheme OptionsDividend Plan & Growth PlanLaunch Date16-December-1993Minimum InvestmentRs. 5000 for One time Investments (first time)Rs. 500 for SIP (Monthly)Rs. 1500 for SIP (Quarterly)Fund ManagerMr. Prashant JainEntry Load0%Exit Load1% (If Redeemed within 1 year since purchase)Assets Under ManagementHDFC Prudence Dividend Plan - 3131.3165 CroresHDFC Prudence Growth Plan - 3224.85 CroresAddress of Fund HouseRamon House, 3rd Floor, 169, Backbay Reclamation, Churchgate, MumbaiEmail Addresscliser@hdfcfund.com
"He used great prudence in his role as manager." Means "he was careful/sensible in his role as manager"
I think, Reliance is new in Mutual Fund sector, so it would be batter to go for HDFC Mutual Funds. Market is down and definitely will go up, i think tha NAV of HDFC mutual funds would be batter than Reliance. Thank you
A Portfolio Manager or a Fund Manager for a Mutual Fund is not elected but Selected by the Asset Management Company
The fund manager
The Fund Manager is the person who invests the funds Assets Investors invest in the Fund to create the Assets that will be invested by the Fund Manager
mr deepak prare