New Fund Offer (October 2023): WhiteOak Capital Balanced Hybrid Fund launched. Check details

financialexpress.com:

WhiteOak Capital Mutual Fund has launched the ‘‘WhiteOak Capital Balanced Hybrid Fund’, which is an open-ended balanced scheme investing in equity and debt instruments. The New Fund Offer (NFO) opened from today (October 5, 2023) and will remain open till October 19, 2023. 

In a statement, WhiteOak Mutual Fund said the investment objective of the scheme is to provide long-term capital appreciation and generate income by investing in a balanced portfolio of equity and equity-related instruments and debt and money market securities. The scheme is benchmarked against CRISIL Hybrid 50+50 Moderate Index. 

WhiteOak Capital Balanced Hybrid Fund could be a simple way to participate in both Equity and Debt asset classes, wherein equity will provide higher wealth creation opportunities in the long term and debt will provide stability to one’s portfolio. 

WhiteOak Capital Balanced Hybrid Fund aims to achieve not only reasonable returns over time, but to reduce the intermittent volatility associated with pure equity allocation, the statement said. It further added that the fund provides a hassle-free and tax-efficient way of investing in Debt and Equity via Single Mutual Fund Scheme. 

Investment in this scheme is also eligible for Long Term Capital Gain Tax with Indexation Benefit, with holding period of more than three years. 

“Originally, Balanced Funds were supposed to be just ‘Balanced’. But because of tax considerations, they took anywhere ranging from 65%-80% exposure in equity, thereby going ‘Off  Balance’. So much so that they had to be renamed as ‘Aggressive Hybrid Funds’. But taxation should never be your prime consideration in determining what risk you take to drive returns,” said Aashish Somaiyaa, CEO, WhiteOak Capital