WhiteOak Capital Mutual Fund launches large-cap fund

The scheme is an open-ended equity scheme investing primarily in large-cap stocks. Around 80% of the allocation will be towards large-caps and the fund will be benchmarked against the BSE100 Total Return Index (TRI).

According to the fund house, large-caps in India are a fraction of their global counterparts in terms of revenue and market capitalization and present a huge opportunity as India’s per capita GDP growth is likely to move towards an inflection point across various sectors. Is.

India is still a few decades behind the US and China in terms of total market capitalisation. There are only three Indian companies in the top 100 companies globally by market cap. With its economy projected to be the third largest in the next decade, India is all set to add a few more names to the list of top 100 global companies.

Large-caps are generally market or industry leaders, have diversified revenue streams and generally stronger balance sheets and have greater access to lower cost of capital than their mid-cap and small-cap peers . These characteristics have led to more stable operating performance during economic downturns which in turn is reflected in better downside capture ratios.

The fund managers of this fund will be Ramesh Mantri for Equity, Piyush Barnwal for Debt, Trupti Agarwal for Foreign Investment and Equity and Sharik Merchant (Foreign Investment).

Ashish Somaiya, CEO, WhiteOak Capital Mutual Fund said, “Following the successful launch of our previous funds i.e. Flexi Cap, Mid Cap and Tax Saver ELSS, we are launching WhiteOak Capital MF, a large cap NFO aimed at actively managed ELSS. In India and we will leave no stone unturned to provide best-in-class investment products to retail investors.”

Ramesh Mantri, Chief Investment Officer, WhiteOak Capital Mutual Fund said, “At WhiteOak we believe in delivering the best performance through our cutting edge research backed by a very well resourced team. Enough for alpha generation in large-caps There are active opportunities. The right size and location through a rigorous bottom up stock selection process.”