WhiteOak Capital Multi Cap Fund launched; Should you invest?
WhiteOak Capital Mutual Fund has launched WhiteOak Capital Multi Cap Fund, an open-ended equity scheme investing across large cap, mid cap, small cap stocks.
The new fund offer or NFO of the scheme is open for subscription and it will close on September 14. The scheme will reopen for subscription within five business days from the date of allotment of units under NFO.
The investment objective of the scheme is to provide long-term capital appreciation / income by investing across market capitalisations and managing a diversified portfolio of large cap, mid cap and small cap stocks.
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The performance of the scheme will be benchmarked against NIFTY 500 Multicap 50:25:25 TRI.
The scheme will be managed by Ramesh Mantri (Equity), Trupti Agrawal (Assistant Fund Manager), Piyush Baranwal (Debt), Shariq Merchant (Overseas Investments).
The scheme will offer both regular and direct plans with growth option. Currently, the scheme is not offering the IDCW option.
The scheme will invest 75-100% in equity and equity-related instruments of large, mid, and small cap companies, 0-25% in debt securities and money market instruments, and 0-10% in units issued by REITs and InvITs.
The minimum application amount is Rs 500 and in multiples of Re 1 thereafter during the new fund offer period. The minimum investment amount for weekly, fortnightly, and monthly SIP is Rs 100 (plus in multiple of Re 1) with minimum six instalments. The minimum investment amount for quarterly SIP is Rs 500 (plus in multiple of Re 1) with minimum four instalments.
The scheme will follow an investment strategy to invest in businesses based on stock selection and
