WhiteOak Mutual Fund has recently launched a new fund offer (NFO) for mid cap fund. According to the fund house, mid cap space is less researched and in-house capabilities matter a lot for identifying winners in this segment. There are higher opportunities that exist in mid and small cap segment.
This fund scheme is meant for investors seeking long-term capital appreciation and looking for exposure in mid cap equity asset class and having long-term horizon of minimum five years.
The new fund offer was launched on August 16 and will remain open till August 30.
Minimum application amount is ₹500 and in multiples of Re 1 thereafter. At the same time, minimum redemption amount is ₹500 or account balance, whichever is lower.
Some key details
The primary objective of the scheme is to generate capital appreciation by actively investing in and managing a diversified portfolio primarily composed of mid cap stocks.
However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
The scheme rolls out both the plans i.e., regular and direct plan. There is one percent exit load of applicable NAV if units are redeemed/ switched out within one month from the date of allotment. It will be nil thereafter.
| Particulars | Details |
| NFO opened: | Aug 16 |
| To close: | Aug 30 |
| Minimum application | ₹500 |
| Exit load | 1% if units redeemed within 1 month |
| Meant for | Investors seeking long-term capital appreciation |
However, the prospective investors must be aware of the fact that mid cap stocks carry a higher risk. The fund house also says that there is a greater probability that a mid-cap slips to a small cap than transforming into a large-cap. Hence, investing in this segment requires greater forensic to identify red flags.
There are three fund managers: Ramesh Mantri, Piyush Baranwal and Trupti Agrawal. The benchmark index is BSE 500 TRI.
