WhiteOak Capital Mutual Fund has announced the launch of its first FOF – WhiteOak Capital Diversified Equity Small Cap FOF, an open-ended, fund of funds scheme designed to generate long-term capital appreciation by investing predominantly in a diversified selection of active small-cap mutual fund schemes.

The new fund offer or NFO of the fund will open for subscription on September 28 and will close on October 12.

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The strategic allocation of the fund will be to allocate upto 100% in small cap equity managers, a diversified set of small-cap funds chosen for differing styles, factors, and downside behaviour, multi-manager construction tempers the high single-fund volatility of the segment, it will blend funds with experienced, cycle-tested, and drawdown-resilient managers and will built for aggressive growth; suits a longer time horizon and high-risk appetite.

The fund house believes that successful investing is not only about returns, but also about creating an innovative investment journey where an investor can stay committed across market cycles.

The fund house said that one should consider this small cap FoF as it will have active and professionally managed exposure without the burden of ongoing selection and monitoring, it will avoid investing biased by popularity or recent performance, it will have professionally managed, diversified holding, reducing the urge to switch or chase performance and will have a reliable, pre-packaged, tax-efficient solution for investors without hiring a dedicated manager research team.

The fund will be managed by Ashish Agrawal, Bhavin Patadia, and Nikunj Sampat and the performance will be benchmarked against Nifty Smallcap 250 TRI.

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The fund will offer regular and direct plans both with growth and IDCW options. The minimum application amount will be Rs 500 (and in multiples of Re 1 thereafter). The exit load will be if redeemed/switched-out within one year of allotment, then 1% of NAV, and if redeemed after one then the exit load will be nil.

The fund will be suitable for investors who are seeking long term capital appreciation and want investment in units of equity oriented small cap mutual fund schemes.

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