WhiteOak Capital Mutual Fund has launched India’s first actively managed Quality Factor Theme Fund.
Banking & Finance
On January 8, 2025, WhiteOak Capital Mutual Fund, based in Mumbai (Maharashtra), launched the WhiteOak Capital Quality Equity Fund, an open-ended equity scheme focused on the Quality Factor theme, through a New Fund Offer (NFO).
- India's first actively managed Quality Factor fund, focusing on companies with strong fundamentals, opens for subscription from January 8 to January 22, 2025.
- The minimum investment for the WhiteOak Capital Quality Equity Fund is Rs. 500 for lump-sum purchases and Rs. 100 for SIPs, with flexible installment options starting from six monthly payments.
- The fund primarily invests 80%-100% in equity instruments associated with the quality factor theme, along with up to 20% in debt securities and money market instruments, and up to 10% in Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InVITs).
Main Point :- (i) The fund is benchmarked against the BSE Quality TRI and managed by Ramesh Mantri, CIO of WhiteOak Capital Asset Management.
(ii) An NFO is launched by an asset management company (AMC) to introduce a new mutual fund. It’s similar to an Initial Public Offering (IPO), but for mutual funds.
(iii) During the subscription period (10 to 15 days), investors can buy fund units at a fixed price of Rs. 10 per unit, after which the fund is listed on the stock market, and its value fluctuates based on its Net Asset Value (NAV).
About WhiteOak Capital Mutual Fund (MF)
MD &CEO : Aashish P Somaiyaa
Headquarter : Mumbai
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