Kotak Index Enhancer’s Identity Crisis

It is a debt fund that is benchmarked against Nifty. It is called Index Enhancer but it will not buy index stocks. With at least 55% invested in debt, it warns you that it will be a high-risk fund. How much stranger can mutual funds get?

Among the long list of mutual funds that are mis-labelled, sporting a bizarre asset allocation plan and will make money purely by luck because their model...

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