PODCAST EPISODE

Taking the long view with Prashant Jain

Zerodha Educate

30-08-2021 • 55 mins


In this episode, we have a really really special guest. We caught up with Prashant Jain, the chief investment officer (CIO) of HDFC Mutual Fund. Prashanth is a market veteran and the first India fund manager to manage a single mutual fund scheme for over 25 years. He manages some of the largest active mutual fund schemes in India. Over his nearly 25+ year career in the investment management industry, Prashant has pretty much seen all the cycles of the Indian markets. The experience and insights he shared in the conversation are all the more relevant to us given the euphoric mood in the Indian markets currently.

In this wide-ranging conversation, Prashant spoke about:

  1. His journey into the markets
  2. The evolution of our economy and the Indian markets
  3. What does a good business look like to him
  4. His research process
  5. His thoughts on portfolio construction
  6. What does being wrong look like
  7. His thought on using macro inputs in an investing framework
  8. Whether the opportunity set of stocks in Indian markets is limited
  9. The road ahead for India
  10. His thoughts on quality at any price
  11. Active investing vs passive investing
  12. Indian valuations, global valuations, rates and inflation
  13. Advice for aspiring analysts and portfolio managers
  14. How he invests

If you have any questions about this episode, you can post your queries here and we'll answer them.

Disclaimer: Mutual fund investments are subject to market risks. Please read all scheme related documents carefully before investing. This show is for informational and educational purposes only and should not be construed as investment advice or a solicitation to invest. Please consult your financial advisor before making any investment decisions.