WhiteOak Capital Mutual Fund on Wednesday, November 29, announced the launch of their new fund offer (NFO) — ‘WhiteOak Capital Large & Mid Cap Fund’. The NFO will be open from December 1 to December 15, 2023. WhiteOak Capital Large & Mid Cap Fund is an open-ended equity scheme investing in both large cap and mid cap stocks.

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While falling under the wider ambit of large and midcap category of equity mutual funds as categorised by SEBI, the WhiteOak Capital Large & MidCap Fund will aim to maintain a roughly equal allocation to large cap and midcap stocks operating between 40% to 60% range in each and at the outer side. It may opportunistically own few small cap stocks not exceeding 10% under normal circumstances, WhiteOak Capital Mutual Fund said.

Speaking on the new fund offer, Aashish P Somaiyaa, CEO, WhiteOak Capital Asset Management, said, “Since mid-2022, at WhiteOak Capital AMC, our focus has been deliberately to launch back-to-back NFOs and get the entire product range out there especially in the major categories preferred by investors and advisors. The industry has become very meritocratic and hence it is imperative that instead of trying to push big NFO campaigns, we just put the products out there and they start building a track record and their portfolios, track record and NAVs are available for everyone to gauge our prowess."

A closer look at market cap wise performance across different market cycles reveals that large cap indices have performed relatively well during falling, flat, and narrow markets, and mid-cap indices performed strongly during rising market scenarios. Hence, WhiteOak Capital Large & Mid Cap Fund is an ideal way to take exposure to equity as an asset class where uncertainty and market rotation is the order of the day, the fund house said.

Ramesh Mantri, CIO, WhiteOak Capital Asset Management Limited said, “Large cap companies get about a quarter of their revenue from sources outside of India, providing balanced exposure to the Indian and global economy. On the other hand, mid-cap stocks provide diverse exposure to a variety of sectors – both established and emerging and being under-researched, provide opportunities for growth and alpha creation in the portfolio. The factor diversified balanced portfolio of WhiteOak Capital Large & Midcap Fund is a desirable option for investors to participate in the long-term value creation of the Indian market.”

The scheme will be benchmarked against S&P BSE 250 Large MidCap TRI. The fund will be managed by Ramesh Mantri (Equity), Trupti Agrawal (Assistant Fund Manager), Piyush Baranwal (Debt) and Shariq Merchant (Overseas Investments).

(Edited by : Anshul)

First Published:Nov 29, 2023 4:39 PM IST