Publish Date:
WhiteOak Capital Mutual Fund has launched – WhiteOak Capital Balanced Advantage Fund
It is an open-ended dynamic asset allocation fund.
Accordingly, the investment objective is to provide long term capital appreciation and generate income from a dynamically managed portfolio of equity & equity related instruments and debt & money market securities. However, there can be no assurance that the investment objective of the Scheme will be realized.
Under normal circumstances, WhiteOak Capital Balanced Advantage Fund will hold an allocation of 0% to 100% of its assets in Equity and Equity Related Instruments and 0% to 100% in Debt Securities (including securitized debt) and Money Market Instruments, cash, and cash equivalents and / or units of domestic liquid mutual fund schemes.
As per the Scheme Information Document, WhiteOak Capital Balanced Advantage Fund aims to provide long term capital appreciation and generate income from a dynamically managed portfolio of equity & equity related instruments and debt & money market securities.
The scheme may endeavour to utilise internal proprietary model called OpcoFinco Valuation Framework to monitor the markets to decide the asset allocation mix in various asset classes. This model may provide broad guidance regarding the relative valuation levels and scope of the asset allocation opportunities in the market. Given the dynamic nature of the market, while the Fund manager may utilise this model as a broad indicator; the Fund manager shall have the final authority to apply his/her own discretion and judgement while determining the allocation percentage, the allocation interval, and the allocation approach as may be appropriate to pursue the investment objective of the fund.
WhiteOak Capital Balanced Advantage Fund’s performance will be benchmarked against CRISIL Hybrid 50+50 - Moderate Index.
The scheme will be managed by Mr Ramesh Mantri, Ms Trupti Agrawal and Mr Piyush Baranwal.
The NFO opens for subscription on January 20, 2023 and closes on February 03, 2023. The schemes will reopen for continuous sale and repurchase within five 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 option only.