IGI Logo

Mumbai : WhiteOak Capital Mutual Fund today announced the launch of its first equity NFO ‘WhiteOak Capital Flexi Cap Fund’. This is an open-ended dynamic equity scheme investing across large, mid, and small-cap stocks. The NFO opens on 12th July and closes on 26th July. The minimum investment that can be made in the fund is Rs 500 and thereafter in multiples of Rs 1. The exit load of 1% on the NAV is only applicable if the units are redeemed within one month from the date of allotment and ‘Nil’ thereafter.

The key objective of the scheme is to generate long-term wealth for investors by investing across the market capitalization spectrum. The fund aims to build an active, well-diversified portfolio, representing a cross-section of companies across major industries, economic sectors, and market cap segments. Further, no market-cap bias along with style and sector agnostic approach will lead to diversification which helps to mitigate the concentration risks.

WhiteOak has a strong performance-first culture, founded on a simple stock selection-based approach and robust risk management. Its deep bench of seasoned investment team members believes that outsized returns are earned over time by investing in great businesses at attractive valuations. The team employs a proprietary, cash flow based ‘Opco-Finco’ analytical and valuation framework which provides unique insights in contrast to accounting earnings based models.

WhiteOak’s equity NFO will have a balanced portfolio comprising of both cyclical and counter-cyclical sectors that aims to outperform across various market cycles.

Prashant Khemka, the founder of WhiteOak Capital Management, was the CIO of Goldman Sachs Asset Management’s India Equity and Global Emerging Markets Equity businesses. This also makes WhiteOak Capital Asset Management among the few Indian asset management companies in India that was founded by an investment professional. What sets WhiteOak apart is its strong track record of investment management and performance. WhiteOak Group manages totally more than Rs 40,000 crore of assets invested in India from investors globally. In addition, the team’s focus on alpha generation has consistently yielded peer-group leading performance across various funds since inception.

Mr. Aashish Somaiyaa, CEO, WhiteOak Capital Mutual Fund said, “WhiteOak Capital MF intends to fill a vacuum of actively managed funds in India. Our company has instituted a performance-first culture, earning the confidence of investors in India as well as overseas. India continues to be amongst the most favorable investment destinations in the world, with a high alpha potential embedded on the canvas of a high growth economy. We believe there is a huge scope of differentiation in the industry and will leave no stone unturned to provide best-in-class investment products to retail investors.”

Mr. Ramesh Mantri, CIO, WhiteOak Capital Mutual Fund said, “For the WhiteOak Capital Flexi Cap Fund, sector exposures will reflect our robust and rigorous bottom-up stock selection process. At WhiteOak, we consciously seek to maintain a balanced portfolio reflecting our team’s stock selection capabilities rather than being driven by non-stock specific macro factors such as market timing, sector, currency or other such factor exposures. WhiteOak’s investment team is amongst the most well-resourced teams with several professionals having considerable experience in managing investment assets, both in India and globally.”

Mr. Prateek Pant, Chief Business Officer, WhiteOak Capital Mutual Fund said, “We are excited to launch the first product from WhiteOak Capital Mutual Fund’s basket in the form of a Flexicap Fund. We aim to launch a range of funds over the next year and half. We will cover India well beyond the metro cities including B30 locations, to achieve higher inclusivity through omni-channel presence across physical, virtual and digital channels.”

To Read Complete Report & Disclaimer Click Here

Above views are of the author and not of the website kindly read disclaimer