WhiteOak MF to Launch WhiteOak Capital Digital Bharat Fund

WhiteOak Capital Mutual Fund is to launch its latest investment opportunity, the WhiteOak Capital Digital Bharat Fund. This open-ended equity fund is set to begin accepting subscriptions on September 20, 2024, and will remain open until October 4, 2024.

Fund Details & Terms

The Digital Bharat Fund is tailored for those looking to invest in the technology sector. With a minimum investment of just Rs.500, it offers an accessible entry point for many investors. The fund will follow a growth plan and does not have a lock-in period. However,  one has to be aware of the 1% exit load for any redemptions made within the first month of investment. This fund’s riskometer is rated very high, indicating potential volatility. It will benchmark its performance against the BSE Teck TRI, which tracks the technology sector’s performance.

Investment Strategy & Focus

The strategy behind the Digital Bharat Fund is to achieve long-term capital appreciation by predominantly investing in equity and equity-related instruments of technology and technology-related companies. With technology being a driving force in economic and industrial growth, this fund aims to capitalize on that momentum.

Management & Administration

Ramesh Mantri will take charge of the fund starting on September 20, 2024. Under his guidance, the fund will implement its investment strategy with an emphasis on technology stocks. Computer Age Management Services Ltd. will serve as the registrar and transfer agent, making sure that all transactions and administrative tasks are managed smoothly. 

Conclusion: The Whiteoak Capital Digital Bharat Fund offers an opportunity for investors looking to tap into the technology sector. With its focus on tech stocks, flexible investment options, and a high level of risk, it is designed for those who are ready to navigate the fast-paced tech market. As the launch date nears, it’s important to evaluate whether this fund fits your investment objectives and risk appetite.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.