Avoid overreaction to HDFC MF CIO Prashant Jain's exit, say experts

However, what investors got in his funds was fidelity to a fund management style that worked over the long term

Prashant Jain, who resigned from the post of chief investment officer (CIO) of HDFC Mutual Fund on Friday, is among the mutual fund industry’s most high-profile and celebrated fund managers.

Only a few days ago, he became the first fund manager in the country to cross the landmark of managing more than Rs 1 trillion in equity assets across four funds -- three for Indian investors and one for a sovereign wealth fund.

Jain also holds the track record for having managed a single fund for a longer duration than any other fund manager in the country. He began managing