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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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?
Desperate to make a comeback after the front-running scandal, the fund house is attempting to change its investment strategy. But its chief business officer won’t be part of the journey.