Constant rebalancing destroys the historical relevance of mid-cap indices, Kotak explains in its strategy note

New insights from Kotak Institutional Equities reveal that mid-cap indices, often seen as investment tools, suffer from constant rebalancing and sector concentration, undermining their historical relevance. New insights from Kotak Institutional Equities reveal that mid-cap indices, often seen as investment tools, suffer from constant rebalancing and sector concentration, undermining their historical relevance.