WhiteOak Capital Mutual Fund Launches WhiteOak Capital Tax Saver Fund

Aug 18, 2022

WhiteOak Capital Mutual Fund has Introduced a new scheme – WhiteOak Capital Tax Saver Fund

It is an open-ended equity linked savings scheme with a statutory lock in of 3 years and tax benefit.

Accordingly, the investment objective of the scheme is to generate capital appreciation / income from a portfolio, comprising predominantly of equity & equity related instruments. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Under normal circumstances, WhiteOak Capital Tax Saver Fund will hold an allocation of 80% to 100% of its assets in Equity and Equity Related Instruments, and 0% to 20% of its assets in Debt Securities and Money Market Instruments.

As per the Scheme Information Document, the aim of equity strategy will be to build a portfolio of companies diversified across major industries, economic sectors and market capitalization that offer an acceptable risk reward balance. The ELSS (Equity Linked Savings Scheme) guidelines, as applicable, would be adhered to in the management of this Scheme.

The investment strategy is to invest in businesses based on stock selection and to avoid focusing on macro events. The endeavour is to invest in good businesses with attractive valuations. The scheme will follow an in-house proprietary valuation approach OpcoFinco. There are two critical pillars of the investment philosophy – business and valuation. A good business is one that is well managed, scalable, and generates superior returns on incremental capital. Valuation is attractive when the current market price is at a substantial discount to intrinsic value.

The scheme may invest part of its portfolio in debt and money market instruments subject to permissible limits laid under SEBI (MF) Regulations and will be guided by credit quality, liquidity, interest rates outlook.

WhiteOak Capital Tax Saver Fund’s performance will be benchmarked against S&P BSE 500 TRI

The scheme will be managed by Mr. Ramesh Mantri, Mr. Piyush Baranwal and Ms. Trupti Agrawal.

The NFO opens for subscription on August 16, 2022 and closes on September 23, 2022. The scheme will reopen for continuous sale and repurchase Within 5 Business Days from the date of allotment.

The fund’s NAV is priced at Rs 10/- per unit during the NFO period. The minimum subscription amount is Rs 500 and in multiples of any amount thereafter. 

The scheme offers Regular Plan and Direct Plan each plan offers Growth and Income Distribution cum capital withdrawal option (IDCW) option.

[Read: Should You Invest in WhiteOak Capital Tax Saver Fund?]