WhiteOak Capital Tax Saver Fund: WhiteOak Capital Mutual Fund Launches Mid Cap, Tax Saver Fund

WhiteOak Capital Mutual Fund has launched two programs – WhiteOak Capital Mid Cap Fund and WhiteOak Capital Tax Saver Fund. While the mid-cap fund’s new fund offering closes on August 30, the NFO Tax Savings Fund will be open for subscription until September 23. These are open-ended stock plans. Regular and direct plans will be available to investors of both funds.

The WhiteOak Capital Mid Cap Fund will only allow lump sum investments during the NFO period. The program will only accept investments through the SIP after the NFO period. According to a press release, WhiteOak Capital Mid Cap Fund will invest nearly 65% ​​of the portfolio in mid-cap stocks. The remaining allocation will be to both large caps (for liquidity purposes) and small caps (to seize attractive opportunities). The fund is indexed to the S&P BSE Midcap 150 TRI.

The fund house said the mid-cap segment can be a good investment option for investors looking to invest for the long term through the SIP route. With additional options such as WhiteOak Capital Goal SIP, WhiteOak Capital Flexi SIP and WhiteOak Capital Top Up SIP, investors have the flexibility to choose from a wide range of SIP variants.

The WhiteOak Capital Tax Saver Fund is eligible for a tax deduction under Section 80C of the Income Tax Act 1961 and has a three year lock-up period with wealth building opportunities at long term. The fund will be invested in companies of all market capitalisations and sectors. The fund will be benchmarked against the S&P BSE 500 TRI.

The fund managers for these two funds will be Ramesh Mantri for equities, Piyush Baranwal for debt and Trupti Agrawal for overseas investments.

Aashish Somaiyaa, CEO of WhiteOak Capital Mutual Fund, said, “After the launch of the Flexi Cap fund which has generated tremendous interest across the country and globally, the Mid Cap and Tax Saver funds are once again offerings of retail-centric actions. Our priority is to set up a range of basic products and at the same time to build our geographical presence and our distribution relations. The track record we build and the relationships we nurture over the next 2-3 years will ultimately translate into scale; scale that would have been achieved in a process-oriented and disciplined manner.

Ramesh Mantri, CIO, WhiteOak Capital Mutual Fund, said: “The mid and small cap segment is relatively understudied and highly fertile for alpha generation due to the greater inefficiencies that exist in this area. Mid- and small-cap companies operating across all sectors are the biggest beneficiaries of the government’s transformational shift to a more compliant, high-governance, organized and transparent way of doing business. Similarly, we are also seeing that many mid- and small-cap companies are benefiting from increased manufacturing and export activity. At White Oak, we consciously seek to maintain a balanced portfolio that reflects the stock picking abilities of our team rather than being driven by non-equity specific macroeconomic factors such as market timing, sector, currency or market timing. other exposures to similar factors. The well-resourced and highly experienced research team on our side can help identify opportunities within this mid-cap segment.


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