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Showing posts from May 13, 2007

HDFC PRUDENCE

Analyst Review , may 18th

Good and consistent returns have made the fund a star performer. The largest equity-oriented hybrid fund can be a gem in any portfolio. Apart from delivering high returns , the fund protects the downside well
HDFC Prudence can be called the gem in any portfolio ever since its launch in 1994. It is the largest fund in the category of equity-oriented hybrid funds, with an asset size of Rs 2,150 crore.

Such has been the consistency of this fund, that it managed to outperform the Sensex in each of the eight calendar years from 1998 to 2005. An achievement no other fund --- even equity funds --- have managed to replicate. It was only in 2006 that it failed to beat the Sensex in so many years. Stability of fund manager is another plus, as Prashant Jain has remained at the helm for the past 13 years.

HDFC Prudence has been fishing the right opportunities to generate handsome returns at the same time protecting investor wealth during the market falls with its debt compo…