WhiteOak Capital Mutual Fund raises Rs 550 crore for first NFO



WhiteOak Capital Asset Management announced on Thursday that it has raised almost Rs 550 crore during the new fund offering period (NFO) of its first equity fund – WhiteOak Capital Flexicap Fund.

The fund aims to build an active, well-diversified portfolio, representing a cross-section of companies from major industries, economic sectors and market capitalization segments, WhiteOak said in a statement.

The NFO has appealed to investors in India and abroad, and this is reflected in its well-diversified customer base.

Despite volatile market conditions and a nearly 40% decline in stock inflows last month, the fund has garnered considerable interest from investors and intermediaries, the company said.

Approximately 25,000 unique investors across more than 350 locations participated in this Flexicap fund offering.

“WhiteOak Capital Group has 5 years of performance experience for global investors through offshore offerings, as well as domestic HNIs (high net worth individuals) and family offices through PMS (portfolio management services) and AIF (alternative investment fund)” said Aashish P Somaiyaa, CEO of WhiteOak Capital Asset Management.

WhiteOak Capital Group provides investment management and advisory services for equity assets of over Rs 40,000 crore.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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