Latest news with #PrashantJain
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Business Standard
5 days ago
- Business
- Business Standard
HDFC Balanced Advantage becomes first hybrid fund to cross ₹1 tn AUM
HDFC Balanced Advantage Fund (BAF) has become the first hybrid mutual fund (MF) scheme in India to achieve the ₹1-trillion asset milestone. This achievement makes it the second actively managed MF scheme—after Parag Parikh Flexi Cap Fund—to reach this 13-digit assets under management (AUM) mark. Launched in February 1994, HDFC BAF has consistently been one of the most popular MF offerings, largely due to its steady performance and stable fund management. Despite experiencing two changes in the fund house, the scheme was managed by the same fund manager for the majority of its lifetime. Prashant Jain, who managed the scheme from its inception, holds the record for managing an MF scheme for the longest period in India—28 years. Initially known as Centurion Prudence Fund, the scheme was renamed Zurich India Prudence Fund in 1999 when Zurich India acquired 20th Century Mutual Fund. In 2003, HDFC AMC acquired Zurich India, leading to the scheme being renamed HDFC Prudence Fund. It became HDFC Balanced Advantage Fund in 2018 following the merger with HDFC Growth Fund. After Jain's departure from HDFC AMC in 2022, the scheme has been managed by Gopal Agarwal, Anil Bamboli and Srinivasan Ramamurthy. HDFC BAF has delivered over 18 per cent annualised returns on lump-sum investments since its inception. Systematic Investment Plan (SIP) investments have also yielded nearly 19 per cent returns. Currently, the scheme leads the balanced advantage category return chart across all time frames. As of 13 June, it delivered a 23 per cent annualised return over the three-year period and a 26 per cent annualised return over the five-year period, according to Value Research data. Gopal Agarwal attributes this performance to the scheme's model-driven approach. 'We follow a model-driven approach to asset allocation with focus on valuation metrics, macroeconomic insights and bottom-up stock selection. The model dynamically adjusts equity exposure based on changing market conditions, helping manage risk while aiming for long-term growth,' he said.
The Hindu
09-06-2025
- Business
- The Hindu
IIMB announces this year's Distinguished Alumni Awards
Sandhya Shekhar, Prashant Jain, Mathew Cyriac, and Vineet Saraiwala are the recipients of the Distinguished Alumni Awards given out by the Indian Institute of Management Bangalore (IIMB) to its alumni. The awards will be presented on June 15. The DAA is presented to alumni in recognition of their achievements of exceptional merit and excellence in their chosen field of endeavour. Each awardee receives a citation and her/his name is engraved on the Wall of Fame in IIMB. Ms. Shekhar, (PGP 1984), is an advisor and strategy consultant to several corporate entities in the areas of business strategy and digital transformation and serves as an independent director on the governing boards of many companies. Mr. Jain, (PGP 1991), founder and chief investment officer of 3P Investment Managers, has 31 years of investment management. He holds the distinction of being the only fund manager in India and one of the few globally, to have continuously managed a scheme for over 28 years (HDFC Balanced Advantage Fund), and the first fund manager in India to have managed 1 lakh crore of equity funds. Mr. Cyriac, (PGP 1994) whose career spans over 30 years has been recognised for many firsts during his investing roles in India and the U.S.. He is now the executive chairman of the PE firm Florintree Advisors and co-founder at deep tech fund Yali Capital. Mr. Saraiwala (PGP 2015) is the founder and CEO of Atypical Advantage which has influenced corporate India's approach towards disability inclusion as a business imperative. The organisation received both the National Startup Award for Social Impact and the National Award for Best Placement Organisation presented by the President of India, in 2024. IIMB will also host the orientation for the incoming cohort of its two-year fulltime MBA programmes, PGP and PGPBA, 2025-2027 batch, on June 9.
Hindustan Times
09-06-2025
- Business
- Hindustan Times
IIM Bangalore announces Distinguished Alumni Awards 2025, four alumni to be honoured
The Indian Institute of Management (IIM) Bangalore will be awarding four aumni with the Distinguished Alumni Awards 2025. The four alumni include Sandhya Shekhar, Prashant Jain, Mathew Cyriac, and Vineet Saraiwala. The institute will present the awards on June 15, 2025, during the reorientation of the Post Graduate Programme in Management (PGP) and Post Graduate Programme in Business Analytics (PGPBA). Also read: IGNOU ODL, Online Admissions 2025: Register for July session via direct link here As informed by IIM Bangalore through a press statement, Sandhya Shekhar, PGP 1984, is an Advisor and Strategy Consultant to several corporate entities in the areas of Business Strategy and Digital Transformation. She serves as an Independent Director on the governing boards of Uno Minda Ltd., MI Torica, Mynda Onkyo, MITIL Polymer Pvt Ltd. and UCAL Ltd. Prashant Jain, PGP 1991, is the Founder and Chief Investment Officer of 3P Investment Managers, and has previously served as Chief Investment Officer at HDFC Mutual Fund. Prashant has 31 years of investment management experience, and holds the distinction of being the only fund manager in India and one of the few globally, to have continuously managed a scheme for over 28 years (HDFC Balanced Advantage Fund), and the first fund manager in India to have managed 1 lac crore of equity funds. Also read: JAC Delhi Counselling 2025: Here's how to check round 1 seat allotment results at Mathew Cyriac, PGP 1994, is the Executive Chairman of the PE firm Florintree Advisors and Co-founder at deep tech fund Yali Capital. He earlier served as a founding member and PE Co-head of Blackstone India. He has been recognized for many firsts in his 30-year career spanning investing roles in India and the US. Vineet Saraiwala, PGP 2015, Founder and CEO of Atypical Advantage, has significantly influenced corporate India's approach towards disability inclusion as a business imperative. The Distinguished Alumni Awards was instituted in 2007 and presented to alumni in recognition of their achievements of exceptional merit and excellence in their chosen field of endeavor. Awardees receive a citation and her/his name is engraved on the Wall of Fame in the Institute. Also read: JoSAA mock seat allocation list 2025 out, here's how to check at IIM Bangalore said that the reorientation for the second-year students will include a series of faculty-led workshops focused on academic and professional recalibration for the final year. Additionally, the closing ceremony of the reorientation will feature PGP '94 alumnus Ganeshan Ramachandran, MD & Lead - Industry Groups, Accenture, and Raghu Polisetty, Senior Managing Director, Global Lead - Strategy & Consulting Global Network, Accenture, as Chief Guests. Meanwhile, the institute will host the orientation for the incoming cohort of its two-year fulltime MBA programmes, PGP and PGPBA, 2025-2027 batch, on June 9 2025. The chief guest of the programme will be Ronnie Screwvala, Chairperson and Co-Founder, Entrepreneur & Film Producer, who will be speaking at the inauguration ceremony to be held in the Open-Air-Theatre (OAT) at the IIMB campus. The orientation programme will provide briefings on programme expectations, online learning, administrative matters, activities, centres, committees, facilities, policies, and more. There will also be interactions with alumni groups. Furthermore, the programme will feature announcements of the Director's Merit List, the Director's Honours List, and key scholarship awards, IIM Bangalore informed. It added that the President of the Students' Affairs Council (SAC), Revanth Reddy, will address the gathering on student life at IIMB, followed by a cultural program to mark the conclusion of the ceremony.
Indian Express
09-06-2025
- Business
- Indian Express
IIM Bangalore announces distinguished Alumni Awards 2025
Indian Institute of Management Bangalore (IIMB) has announced the names of the recipients of the Institute's Distinguished Alumni Awards (DAA) for 2025. This year, DAA will be given to Sandhya Shekhar, Prashant Jain, Mathew Cyriac, and Vineet Saraiwala, with the awards to be presented on 15 June, during the reorientation of the Post Graduate Programme in Management (PGP) and Post Graduate Programme in Business Analytics (PGPBA). Sandhya Shekhar, PGP 1984, is an Advisor and Strategy Consultant to several corporate entities in the areas of Business Strategy and Digital Transformation. She serves as an Independent Director on the governing boards of Uno Minda Ltd., MI Torica, Mynda Onkyo, MITIL Polymer Pvt Ltd. and UCAL Ltd. Prashant Jain, PGP 1991, Founder and Chief Investment Officer of 3P Investment Managers, has previously served as Chief Investment Officer at HDFC Mutual Fund. Mathew Cyriac, PGP 1994, is the Executive Chairman of the PE firm Florintree Advisors and Co-founder at deep tech fund Yali Capital. Vineet Saraiwala, PGP 2015, Founder and CEO of Atypical Advantage. IIMB has hosted the orientation for the incoming cohort of its two-year full-time MBA programmes, PGP and PGPBA, 2025-2027 batch, on 9 June 2025. Ronnie Screwvala, Chairperson and co-founder, entrepreneur & film producer, had delivered the chief guest's address during the inauguration ceremony that was held at the open-air theatre on the campus. The programme will feature announcements of the director's merit list, honours list, and key scholarship awards. Leadership Programme to Build Resilient GCCs Meanwhile, IIM Bangalore has launched a programme for senior professionals in Global Capability Centres (GCCs). Classes in the new programme titled 'Leadership Programme to Build Resilient GCCs', will start on July 24. Interested candidates can apply by visiting IIM Bangalore's official website – The last date to apply for the programme is June 24. Designed for professionals with 15+ years of experience and currently in leadership positions in GCCs, the programme will be held for 10 days and be spread across four months. The programme is aimed at helping leaders navigate an increasingly complex business environment and drive long-term value creation. The new programme features include global leadership frameworks contextualised for these centres, strategy workshops and peer learning.
Time of India
20-05-2025
- Business
- Time of India
TPG-led consortium seeks CCI nod to acquire Siemens Gamesa's wind biz
A consortium led by TPG, Mavco Investments and former JSW Energy CEO Prashant Jain has sought approval from the fair trade regulator CCI to acquire the onshore wind business of Siemens Gamesa Renewable Power. American private equity firm TPG, through its affiliates Peony Properties Pvt Ltd and TPG REGen SG Pte, and Mavco Investments, a private company belonging to select members of the Murugappa family, will acquire the wind power business. "The proposed combination pertains to the acquisition of the businesses relating to the manufacturing and assembly of onshore wind turbine generators and the operation, maintenance and technical services of wind turbines and/or onshore wind power projects from SGRE and Siemens Gamesa Renewable Energy Lanka (Pvt) Ltd," a notice filed with the Competition Commission of India (CCI) said on May 15. SGRE is a wholly-owned indirect subsidiary of SEAG. SEAG is the ultimate controlling entity of the Siemens Energy Group. The proposed combination is notified to the CCI under Section 5(a)(i)(A) of the Competition Act, 2002, it added. Prashant Jain's Tikri Investments will also acquire a stake in the venture. The parties have said the "proposed combination will not lead to any change in the competitive dynamics, let alone cause any appreciable adverse effect on competition in India". They (parties) also noted that any relevant market delineation may be left open, with only limited vertical overlaps between affiliates of Mavco and the target business in areas like gearboxes, generators, switchgears, and transformers for wind turbines. In March, TPG and Siemens Gamesa, a wind power subsidiary of Siemens Energy, announced that they have entered into an agreement under which TPG would acquire a majority stake in Siemens Gamesa's onshore wind turbine generator manufacturing business in India and Sri Lanka. Mavco Investments will also make a significant minority investment alongside TPG, in addition to continued investment from Siemens Gamesa. Further, Prashant Jain will also pick up a minority stake as Climate Change Partner in the venture.
