Kotak Mahindra Asset Management Co. has loaded up on shares of Indian mid- and small-sized businesses based on its primary investment rule to pick stocks rather than try to time the market. It’s been a volatile year for , however, with the Sensex’s 12% climb through early June nearly wiped out as of Thursday’s close. The benchmark gauge surged 5.3% Friday after the country cut its corporate tax rate, putting it back in the green for the year.
