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3P Investment Managers

IME Rating

IME PMS Rating

4 of 5 stars

Although 3P is a relatively new asset manager, it is backed by strong investment team and is owner-fund manager managed. First, their investment team boasts significant pedigree, with industry veterans like Prashant Jain (former CIO of HDFC Mutual Fund) and Ashwani Kumar (former Fund Manager at Nippon). Together, they bring over six decades of experience to the table. Second, 3P is an owner-based AMC, which we actively endorse for its higher stability in both the investment team and its philosophy.

The PMS/AIF AMC Rating is derived on the basis of our analysis on 5 key qualitative parameters that we use to analyse the quality of a PMS/AIF Provider. These include an assessment of the size of the AMC, the pedigree of the AMC, the pedigree of the team, the value of the investment philosophy & the level of differentiation. These insights of our central research team are documented in the IME RMS, and can be accessed during a consultation call with an IME PMS specialist.

 

AMC Background

Founded on principles of prudence, patience, and performance, 3P Investment Managers, led by industry veteran Prashant Jain (ex-HDFC AMC CIO), combines decades of experience with a disciplined, low-churn approach.

Investment Philosophy

3P Framework:

  • Prudence: Select sustainable, reasonably valued businesses.
  • Patience: Long-term horizon to reduce equity risk.
  • Performance: Outcome-driven, low-churn (19% annual turnover).

Approach:

Blends quality growth and value, avoiding overpriced sectors 

Investment Team

Prashant Jain | 5-star rated FM

CIO | 33 yrs Experience | 1 yrs at current firm

Past Experience: HDFC MF (CIO), SBI MF

Prashant Jain is Founder and CIO at 3P. He has 32 years of experience in Indian equities, all of it with mutual funds. He started his career with SBI Mutual Fund (1991-1993). He then moved to set up 20th Century Mutual Fund that became Zurich India Mutual Fund which was finally acquired by HDFC Mutual Fund in 2003. He thus has an unbroken track record of managing the same fund for over 28 years. This Fund, HDFC Balanced Advantage Fund, delivered a CAGR of ~17.9% vs Sensex CAGR of ~9.6% from Jan 1994 – July 2022. He is a BTech from IIT-Kanpur and PGDM from IIM-Bangalore.

Ashwani Kumar | 5-star rated FM

FM | 29 yrs Experience | 1 yrs at current firm

Past Experience: Nippon MF (FM)

Ashwani Kumar is the Portfolio Strategist and Co-Investment Manager at 3P. He is a long-term professional with nearly 28 years of Research and Fund Management experience. Ashwani started managing Reliance Vision Fund in 2003. He was one of the key members of the team at Reliance Mutual Fund (now Nippon India Mutual Fund) that scaled up the assets from ₹200 crores (US$ 24mn) in June 2003 to ~₹90,000 crores (US$ 11bn) in Feb 2020. He worked with Nippon AMC for 17 years before joining 3P.

PMS & Listed Equity AIF Schemes

Returns as of 31-Mar-25

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