The Sandeep Tandon-helmed fund house, under SEBI’s lens for market malpractice, has a lot more that’s wrong with its move-fast-and-break-things credo. Will its lapses catch up?
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A week after highlighting the fund house and its CEO’s desperate moves, we uncover a whole different level of risk—an inordinately high exposure to stocks that could prove hard to exit in a pinch.
Mounting concentration risk has forced the fund house to change tack yet again. While shifting focus to small-cap stocks from defensive ones could somewhat help, such frequent switches are less than ideal.
The CEO of the financial services business of the Aditya Birla Group has little to show for her near three years at the helm. That her digital push has turned out to be a dud only makes it worse.