WhiteOak Capital Mutual Fund has launched two schemes – WhiteOak Capital Mid Cap Fund and WhiteOak Capital Tax Saver Fund. These are open-ended equity schemes. Both regular and direct plans will be available for investors in both the funds.
The WhiteOak Capital Mid Cap Fund will allow lumpsum investments only during the NFO period. The scheme will take investments only via 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 towards both large caps (for liquidity purposes) and small caps (to capture some compelling opportunities). The fund is benchmarked against S&P BSE Midcap 150 TRI.