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Team Prashant Jain at HDFC MF doubled down on top PSU stock bets in February


Team Prashant Jain at HDFC MF doubled down on top PSU stock bets in February
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Synopsis
Despite the criticism, Prashant Jain has stood by his top conviction ideas in the PSU space, as they aligned with his value investing style and his belief that the real economy would pick up sharply once the Covid-19 pandemic abates.
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In the past, Prashant Jain has come under flak for his bets on certain state-owned companies and public sector banks.
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MUMBAI: The investment team at HDFC Mutual Fund, led by Chief Investment Officer and Executive Director Prashant Jain, doubled down on non-financial state-owned companies in February amid optimism for the real economy and the government’s roadmap for aggressive disinvestment in the coming years. ....

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