WhiteOak Capital Mutual Fund, which completed one year of operations, has accumulated assets under management (AUM) of ₹3,947 crore as of July end, reported Business Line.
One year after the launch of its maiden equity fund, it has added over 1.50 lakh unique investors identified by PAN and managed to scale up monthly systematic transactions (SIP/STP) book of ₹98 crore.
The fund house has established a presence in over 50 cities across the country. The fund house has over 15,000 empanelled distributors and reaches out to emerging markets through its omni-channel presence across physical, virtual and digital channels.
The first NFO of WhiteOak Capital Flexi Cap Fund, which collected nearly ₹550 crore, has grown to ₹1,642 crore in AUM as of July-end.
Aashish P Somaiyaa, CEO, WhiteOak Capital Asset Management, said that many new entrants are finding space in the industry and have to create confidence in their ability to deliver investment performance.
Prateek Pant, CBO, said the fund house aims to grow the existing equity products basket and offer innovative solutions based products to help investors achieve their financial goals.