Mutual Fund News : WhiteOak Capital Mutual Fund Launches WhiteOak Capital Midcap Fund

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WhiteOak Capital Mutual Fund has Introduced a new scheme – WhiteOak Capital Midcap Fund

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

Accordingly, the primary objective of the Scheme is to seek to generate capital appreciation by actively investing in and managing a diversified portfolio primarily composed of mid-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 Midcap Fund will hold an allocation of 65% to 100% of its assets in Equity and Equity Related Instruments of Midcap Companies, 0% to 35% in Equity and Equity Related Instruments other than above, 0% to 35 % in Debt Securities and Money Market Instruments and 0% to 10% of its assets in Units issued by REITs and InvITs.

As per the Scheme Information Document, the Scheme shall follow a predominantly Midcap strategy with a minimum exposure of 65% to Mid-Cap stocks. 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 Midcap Fund’s performance will be benchmarked against S&P BSE Midcap 150 TRI

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

The NFO opens for subscription on August 16, 2022 and closes on August 30, 2022. The scheme 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 option (IDCW) option.