WhiteOak Capital Banking & Financial Services Fund NFO: Everything you need to know

24 Jan 2024 , 02:25 PM

WhiteOak Capital Mutual Fund is launching NFO under its “equity category”, named as WhiteOak Capital Banking & Financial Services Fund. The investment objective of the scheme is to provide long-term capital appreciation by investing predominantly in equity and equity related instruments of banks & companies engaged in Financial Services Sector.

Investment strategy: The Scheme will follow a bottom-up approach to stock-picking and choose companies which are expected to get benefitted from the growth of Banking & Financial Services Sector. 

Asset allocation: Being a thematic fund, the Scheme will invest minimum 80% of its net assets in equity and equity related instruments of Banks & companies engaged in Financial Services Sector. The Scheme will invest upto 20% of its net assets in companies other than those engaged in Financial Services Sector.

Who should invest?

Investors with very high risk appetite and want to invest for 5 to 7 years to diversify their portfolio in Banks & companies engaged in Financial Services Sector stocks should invest in WhiteOak Capital Banking & Financial Services Fund. 

Risk associated: Very high level of risk.

Benchmark: Nifty Financial Services TR Index.

Fund Managers: Ms. Trupti Agrawal, Mr. Piyush Baranwal, Mr. Ramesh Mantri, Mr. Shariq Merchant

The NFO is available for subscription from January 16 to January 30. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is Rs 100/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in WhiteOak Capital Banking & Financial Services Fund.