The WhiteOak Capital Mid Cap Fund will allow lumpsum investments only during the NFO period. The scheme will take investments only via SIP after the NFO period. According to a press release, WhiteOak Capital Mid Cap Fund will invest nearly 65% of the portfolio in Mid-cap stocks. The remaining allocation will be towards both large caps (for liquidity purposes) and small caps (to capture some compelling opportunities). The fund is benchmarked against S&P BSE Midcap 150 TRI.
The fund house said that the mid cap segment can be a good investment option for investors seeking to invest for the long term via the SIP route. With additional options which 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.
The WhiteOak Capital Tax Saver Fund qualifies for tax deduction under Section 80C of the Income Tax Act, 1961, and has a lock-in period of three years with wealth creation opportunities in the long run. The fund will be invested in companies across market cap and sectors. The fund will be benchmarked against S&P BSE 500 TRI.
The fund managers for both these funds will be Ramesh Mantri for Equity, Piyush Baranwal for Debt, and Trupti Agrawal for overseas investments.
Aashish Somaiyaa, CEO, WhiteOak Capital Mutual Fund said, “After the launch of the Flexi Cap fund which garnered significant interest across the country and globally, the Mid Cap and Tax Saver funds are again retail- centric equity offerings. Our priority is to put a basic product range in place and parallelly build our geographic presence and distribution relationships. The track record we build and the relationships we nurture in the next 2-3 years will ultimately result in scale; scale that would have been achieved in a process-oriented and disciplined fashion.”
Ramesh Mantri, CIO, WhiteOak Capital Mutual Fund said, “The mid and smallcap segment is relatively under-researched and highly fertile for alpha generation due to greater inefficiencies that exist in this area. Mid and Small Cap companies operating across sectors are bigger beneficiaries of the Government’s transformational move towards a more compliant, high governance, organized and transparent way of operating businesses. Similarly, we also find many mid and smallcap companies benefiting from increasing manufacturing and export oriented activities. At White Oak, 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. The well-resourced and highly experienced research team at our end can help identify opportunities within this Mid cap segment.