NFO Alert: WhiteOak Capital Mutual Fund launches ESG Best-In-Class Strategy Fund
WhiteOak Capital Mutual Fund has launched WhiteOak Capital ESG Best-in-class Strategy Fund, an open-ended equity scheme investing in companies following environment, social and governance (ESG) themes, adopting the best-in-class strategy.
The new fund offer or NFO is open for subscription and will close on October 25.
The fund seeks to invest in companies with superior corporate governance practices. The fund seeks to derive returns for its clients by investing in high-quality businesses, which have long-term sustainability of return on capital, potential scalability of the business, strong execution capability and superior corporate governance culture, according to a release by the fund house.
Best MF to invest
Looking for the best mutual funds to invest? Here are our recommendations.
View Details» <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-114247699»>
“In DCF (Discounted Cash Flow) models, typically more than 80% of the value comes from the terminal value. Projecting growth into the future and assigning significant exit growth rates, multiples, and terminal value all assume sustainability and longevity of businesses, which one suspects can't come at the cost of damaging the environment, disregarding societal imperatives, and short-changing minority shareholders. Poor ESG practices pose a risk to business longevity and hence reduce terminal value,” said Aashish Somaiyaa, CEO of WhiteOak Capital Asset Management.
The fund will utilise its proprietary framework to assess companies on their corporate governance practices. Under this framework, companies are assessed
