WhiteOak Capital MF raises ₹550 cr from its first equity fund

It is an open-ended dynamic equity scheme that invests in large-, mid- and small-cap stocks. The NFO was open from July 12 to July 26.

The fund aims to build an active, well-diversified portfolio, representing a cross-section of companies across key industries, economic sectors and market cap segments. Furthermore, no market-cap bias with style and sector agnostic approach will lead to diversification which helps in reducing concentration risks.

According to the fund house, NFOs have appealed to investors in India and internationally, and the same is reflected in a nuanced and well-diversified client base.

“Despite volatile market conditions and a nearly 40% decline in gross equity inflows reported by Amfi, this fund garnered significant interest from investors and intermediaries alike. While over 2,000 distributors were on-board, nearly a third of the contribution came from B30 cities in India. Around 25,000 unique investors across 350+ locations participated in this Flexi-Cap Fund offering.”

WhiteOak Capital Group has a five-year history of serving global investors with offshore offerings as well as domestic HNIs and family offices through PMS and AIFs.

“We are pleased with this launch and intend to launch more retail products in the rest of the calendar year 2022. Over the next 3 years we will work together on building geographic presence and distribution relationships across channels along with products and track records. will do.” Ashish P Somaiya, CEO, WhiteOak Capital Asset Management said,

He further added, “Whiteoak Capital AMC’s Flexicap Fund is built on the same framework as earlier multi-cap funds that were well spread across the market cap, but were eventually vacated by the industry following a change in product classification. No investment requirement in a particular band allows great flexibility in different market caps, we will be investing in small and midcaps most of the time with 30-45% overweight positions.

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