NIFTY 50

'Not going anywhere': HDFC AMC's Prashant Jain on reports of exit from firm

Updated : September 29, 2020 12:45 PM IST

HDFC AMC CIO and executive director Prashant Jain on Tuesday denied all the speculations and claims about his exit from the firm.

"I am not going anywhere," Jain said in an exclusive interview with CNBC-TV18.

Speaking about markets, Jain said value has underperformed growth in the market. He advised to be cognizant of current interest rates in the market.

"A fair bit of companies where the dividend yields will not just sustain, they will grow. In few spaces strong, large companies, which are not losing comparativeness, continue to grow,” he said.

Jain further added that it won't be difficult for equities to beat the low cost of capital in returns.

Speaking about SBI, he said the price performance of the lender has disappointed. He, however, added, "We don’t think SBI as a franchise is at risk."

On FMCG, he said the topline growth for the companies hasn’t been good.

"Bharti Airtel underperforming as it was a consensus buy," he added.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you