India's largest equity fund manager Prashant Jain to leave HDFC: Report

Prashant Jain was the longest-serving mutual fund manager in the industry, served for 28 years. With corpus crossing the Rs 1 trillion mark, he became the country's biggest equity fund manager in July

Prashant Jain, chief investment officer (CIO) of HDFC AMC, has reportedly called it quits. One of the early poster-boys of the mutual funds industry in India, Jain was responsible for overseeing Rs 4.21 trillion worth of assets under management (AUM), a Moneycontrol report stated.

Jain was the only mutual-fund manager and served in the industry for 28 years. With his corpus crossing the Rs 1 trillion mark, in early July, Jain became the country's biggest equity fund manager.

After completing his engineering degree from IIT Kanpur, Jain went on to pursue an MBA from IIM Bangalore. He started his career