New Fund Alert: WhiteOak Capital’s Digital Bharat Fund Targets India’s Tech Boom
Sep 23, 2024
WhiteOak Mutual Fund has launched WhiteOak Capital Digital Bharat Fund
It is an open ended equity scheme investing in Technology and Technology related companies.
India's IT sector has become a pivotal force in the country's economic development, positioning it as a global digital hub.
India’s IT sector is set to continue its upward trajectory with trends such as 5G deployment, the rise of Industry 4.0, and further AI integration. The sector is projected to reach USD 350 billion by 2025, contributing significantly to the country’s GDP and employment growth. Digital inclusivity, technological innovation, and policy support will remain the key enablers of this growth.
[Read: Best IT Sector Mutual Funds: ICICI Pru Technology Fund vs. Tata Digital India Fund]
The investment objective of the scheme is to provide long-term capital appreciation by investing predominantly in equity and equity related instruments of Technology and Technology related companies. There is no assurance that the investment objective of the Scheme will be achieved.
Under normal circumstances, WhiteOak Capital Digital Bharat Fund will hold an allocation of 80% to 100% in Equity & Equity related Instruments of Technology and Technology related companies, 0% to 20% in Equity & Equity related Instruments of other companies, 0% to 20% in Debt Securities and Money Market Instruments and 0% to 10% in Units issued by REITS and InVITs
WhiteOak Capital Digital Bharat Fund will invest minimum 80% of its net assets in equity and equity related instruments of companies engaged in Technology and Technology related companies.
The Scheme will follow a bottom-up approach to stock-picking and choose companies which are expected to get benefitted from the usage, development and advancement of the Technology and related products. The scheme may follow the in-house proprietary valuation approach that has been trademarked as OpcoFinco.
The Scheme will invest in companies engaged in the Information Technology and Telecommunication sector from Sector list provided by AMFI/SEBI and stated under BSE Teck (TRI).The Fund Manager may from time to time review the investment strategy and will modify the same if required, considering the best interest of unitholders. However, there is no assurance that the fund manager will make such modifications in the portfolio.
WhiteOak Capital Digital Bharat Fund is benchmarked against the BSE Teck TRI
WhiteOak Capital Digital Bharat Fund will be managed by Mr Ramesh Mantri, Ms Trupti Agarwal, Mr Dheeresh Pathak and Mr Piyush Baranwal.
WhiteOak Capital Digital Bharat Fund is open for subscription from September 20, 2024 to October 04, 2024. The fund will reopen for continuous sale and repurchase within five business days from the date of allotment.
The minimum subscription amount is Rs 500/- and in multiples of Re. 1 thereafter.
The fund offers Direct Plan and Regular Plan. Under each plan the fund offers Growth option only.