Prashant Jain quits HDFC AMC: Here's how the stock looks on the charts

Shares of HDFC AMC had rallied significantly post its debut in July 2018. However, after hitting a peak at Rs 3,681 in November 2019, the stock has since then declined over 50 per cent.

Prashant Jain chief investment officer (CIO) of HDFC AMC and the poster boy for the domestic mutual fund (MF) industry quit the organisation after 19 years of service. 

Jain’s ability to deliver sustainable growth over a longer period gave him a cult status among investors and helped propel the growth of HDFC AMC. READ MORE

He has helped his investors generate outsized returns over a long-term horizon. His largest fund HDFC Balanced Advantage has delivered annualised returns of 17.9 per cent since its inception in 1994. HDFC Top 100 and HDFC Flexi Cap have given annualised returns of