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.
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The announcement of the deputy managing director’s retirement in August may have more to it than meets the eye.
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 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?