WhiteOak Capital Mutual Fund goes live

8 Jul 2022 , 10:35 AM

On July 7, WhiteOak Capital Mutual Fund became live, marking the debut of the fund house’s first flexicap fund. The fund house was renamed Whiteoak Capital Mutual Fund after the WhiteOak Capital Group got SEBI clearance for its acquisition of Yes MF at the end of the previous year.

Prashant Khemka, a former CIO and chief portfolio manager for GS India equity and international emerging markets at Goldman Sachs Asset Management, formed the fund company.

WhiteOak Capital already has experience managing assets for various client classes and making investments in Indian stock markets. It oversees Indian equities investments for both domestic and global clients through its offshore funds and PMS and AIF products.

Approximately Rs 41,000 crore in investor assets are managed by WhiteOak Capital collectively, according to Aashish Somaiya, Executive Director and Chief Executive Officer of WhiteOak Capital MF.

The fund company also has ambitions to introduce a global emerging markets fund for Indian clients in the future. This specific plan will be unique in that it will be actively managed by a domestic fund house’s investing team. Such a fund has just been launched by WhiteOak Capital on its offshore platform. White Oak Capital’s offshore funds are managed by a group located in Singapore.

Only once increased offshore investment limitations are implemented in India is it possible to introduce an international mutual fund plan.