NFO alert: WhiteOak Capital Digital Bharat Fund’s NFO is open for Subscription from September 20, 2024
The WhiteOak Capital Digital Bharat Fund aims for long-term capital appreciation by investing primarily in technology and related sectors.
The WhiteOak Capital Digital Bharat Fund is an open-ended equity scheme focused on providing long-term capital appreciation by investing in technology and technology-related companies. It is classified as a sectoral/thematic scheme. The New Fund Offer (NFO) for the scheme was launched on September 20, 2024, and the final closure date is October 4, 2024.
The scheme does not charge an entry load but applies an exit load of 1 per cent if units are redeemed or switched out within one month of allotment. After one month, no exit load is applicable. The minimum subscription amount for the fund is Rs 500 or in multiples of Re 1.
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Asset Allocation
The WhiteOak Capital Digital Bharat Fund aims to allocate between 80 per cent and 100 per cent of its assets to equity and equity-related instruments of technology and technology-related companies. Up to 20 per cent of assets can be invested in equity and equity-related instruments of other companies. Additionally, debt securities and money market instruments may form part of the portfolio, with a maximum allocation of 20 per cent. The scheme may also invest up to 10 per cent in units issued by REITs and InVITs.
Benchmark and Peer Schemes
The scheme’s performance will be benchmarked against the BSE Teck TRI.
|
Scheme
Name
|
AUM
(Crore)
|
Expense Ratio
(per cent)
|
1 Year
Returns
( per cent)
|
|
Tata Digital India
|
12,041.21
|
1.66
|
40.01
|
|
ABSL Digital India
|
5,311.27
|
1.85
|
30.89
|
Data as of September 20, 2024
Fund Manager
The fund is managed by Mr. Ramesh Mantri, who oversees equity securities. He holds an MBA, CFA, and CA qualifications and has over 20 years of experience in financial markets.
Suitability
The WhiteOak Capital Digital Bharat Fund is suited for investors looking for long-term capital appreciation through investments in equity and equity-related instruments of technology companies.
Disclaimer: The article is for informational purposes only and not investment advice.