WhiteOak Capital Mutual Fund Launches Mid Cap & Tax Saver Fund – Check Features, Other Details

WhiteOak Capital Mutual Fund today announced the launch of two new Fund Offerings (NFOs) – “WhiteOak Capital Mid Cap Fund” and “WhiteOak Capital Tax Saver Fund”. While the Mid Cap fund NFO closes on August 30, 2022, the Tax Saver Fund NFO will continue until September 23, 2022.

These are open-ended stock plans, with the Mid Cap Fund primarily seeking to invest in mid-cap stocks, and the Tax Saver Fund investing in companies of all market capitalizations for wider diversification. Regular and direct plans will be available to investors.

WhiteOak Capital Mid Cap Fund

Nearly 65% ​​of the portfolio will be made up of mid-cap stocks. The remaining allocation will be to both large caps (for liquidity purposes) and small caps (to seize attractive opportunities). The fund is indexed to the S&P BSE Midcap 150 TRI. The primary objective is to generate capital appreciation by investing and actively managing a diversified portfolio consisting primarily of mid-cap stocks. The Nifty Midcap 150 TRI has generated returns of 12% CAGR over the past 5 years and 17.5% CAGR over the past 10 years.

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The mid-cap segment can be a good investment option for investors looking to invest for the long term through the SIP route. With additional options that include WhiteOak Capital Goal SIP, WhiteOak Capital Flexi SIP and WhiteOak Capital Top Up SIP, investors have the flexibility to choose from a wide range of SIP variants.

WhiteOak Capital Tax Savings Fund

The WhiteOak Capital Tax Saver Fund is eligible for a tax deduction under Section 80C of the Income Tax Act 1961 and has a three year lock-up period with wealth building opportunities at long term. The fund will be invested in companies of all market capitalisations and sectors. The fund will be benchmarked against the S&P BSE 500 TRI.

The fund managers for these two funds will be Ramesh Mantri for equities, Piyush Baranwal for debt and Trupti Agrawal for overseas investments.

Aashish Somaiyaa, CEO of WhiteOak Capital Mutual Fund, said, “After the launch of the Flexi Cap fund which has generated tremendous interest across the country and globally, the Mid Cap and Tax Saver funds are once again offerings of retail-centric actions. Our priority is to set up a range of basic products and at the same time to build our geographical presence and our distribution relations. The track records we build and the relationships we nurture over the next 2-3 years will ultimately translate into scale; scale that would have been achieved in a process-oriented and disciplined manner.

Ramesh Mantri, CIO, WhiteOak Capital Mutual Fund, said: “The mid and small cap segment is relatively understudied and highly fertile for alpha generation due to the greater inefficiencies that exist in this area. Mid- and small-cap companies operating across all sectors are the biggest beneficiaries of the government’s transformational shift to a more compliant, high-governance, organized and transparent way of doing business. Similarly, we are also seeing that many mid- and small-cap companies are benefiting from increased manufacturing and export activity. At White Oak, we consciously seek to maintain a balanced portfolio that reflects the stock picking abilities of our team rather than being guided by non-equity specific macro factors such as market timing, sector, currency or market timing. other exposures to similar factors.

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