Mutual Fund News : WhiteOak Capital Mutual Fund Introduces WhiteOak Capital Large Cap Fund

Publish Date:

WhiteOak Capital Mutual Fund has launched – WhiteOak Capital Large Cap Fund

It is an open-ended equity scheme predominantly investing in large cap stocks.

Accordingly, the investment objective of the scheme is to provide long-term capital appreciation/income by investing predominantly in and managing a diversified portfolio of Large-Cap stocks. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Under normal circumstances, WhiteOak Capital Large Cap Fund will hold an allocation of 80% to 100% of its assets in Equity and Equity Related Instruments of Large Cap Companies, 0% to 20% in Equity and Equity Related Instruments other than above, 0% to 20% Debt Securities and Money Market Instruments and 0% to 5% in Units issued by REITs and InvITs.

As per the Scheme Information Document, WhiteOak Capital Large Cap Fund the investment strategy is to invest in businesses based on stock selection and to avoid focusing on macro events. The endeavour is to invest in good businesses with attractive valuations. The scheme will follow an in-house proprietary valuation approach OpcoFinco. There are two critical pillars of the investment philosophy – business and valuation. A good business is one that is well managed, scalable, and generates superior returns on incremental capital. Valuation is attractive when the current market price is at a substantial discount to intrinsic value.

The scheme may invest part of its portfolio in debt and money market instruments subject to permissible limits laid under SEBI (MF) Regulations and will be guided by credit quality, liquidity, interest rates outlook.

WhiteOak Capital Large Cap Fund’s performance will be benchmarked against S&P BSE 100 TRI.

The scheme will be managed by Mr Ramesh Mantri, Ms Trupti Agrawal, Mr Piyush Baranwal and Mr Shariq Merchant.

The NFO opens for subscription on November 10, 2022 and closes on November 24, 2022. The schemes will reopen for continuous sale and repurchase within 5 business days from the date of allotment.

The fund’s NAV is priced at Rs 10/- per unit during the NFO period. The minimum subscription amount is Rs 500/- and in multiples of any amount thereafter.

The scheme offers Regular Plan and Direct Plan each plan offers Growth and Income Distribution cum Capital Withdrawal (IDCW) option.

[Read: Should WhiteOak Capital Large Cap Fund be a Part of Your Equity Allocation?]