When someone visits your site for outside link, or directly, they will be redirected to the homepage, the url of which will not contain the string used in the url field ( http://mysite.com/home ). However because the homepage is actually a normal page from your website, it will need to have a specific url name, which will be used for accessing it directly or for internal use. This behaviour is hard to be changed unless you use some rewriter tool for the homepage url.
All the best,
the Telerik team
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