The scheme’s new fund offer or NFO is now open for subscription and will close on October 4.
The primary objective is to provide long-term capital appreciation by investing predominantly in stocks and stock-related instruments of technology and technology-related companies.
Read also | US Federal Reserve Rate Cut: Do International Mutual Funds Look Attractive Now?
The scheme is based on the BSE Teck TRI and will be managed by Ramesh Mantri, Trupti Agarwal, Dheeresh Pathak and Piyush Baranwal.“Industry data shows strong investor appetite for investing in growth-oriented themes in mutual funds “But most of that investment is going into cyclical themes, themes that have already gained a lot in the last two to three years. For thematic funds, it is imperative that you invest in themes that are sustainable for the long term and at a time when those themes are counter-cyclical to the current market trends,” said Aashish Somaiyaa, CEO, WhiteOak Capital Asset Management Limited, speaking on the technology sector.
“While a number of funds were launched offering manufacturing, energy, defence, infrastructure and related themes, which were ‘red hot’ given the performance of the last 2-3 years, we created BFSI, Pharma and Special Opportunities funds which were counter-cyclical at those times and the outperformance is there to be seen compared to the ‘red hot’ themes. On the same lines, we are now launching Digital Bharat, which we believe is a sustainable theme for the long term and is counter-cyclical to the recent trends and flows,” he added.
Read also | Five equity mutual funds received over Rs 1,500 crore in August
The fund’s portfolio allocation will include 80-100% in equity and equity-related instruments of technology and technology-related companies, 0-20% in equity and equity-related instruments of other companies, 0-20% in debt securities and money market instruments, and 0-10% in units issued by REITs and InvITs.
Mr. Ramesh Mantri, IT Director, WhiteOak Capital Asset Management Limited, said, “Advancements in cloud computing, data analytics and automation are further driving innovation in healthcare, education, agriculture and logistics, contributing to the vision of ‘Digital Bharat’. The ‘WhiteOak Capital Digital Bharat Fund’ aims to capitalise on this trend by investing in next-generation technology and businesses, with a focus on long-term wealth generation. The firm will provide balanced exposure to global technology adoption across India. Technology companies and the ongoing rapid digital transformation in India through new generation companies and digital ecosystem enablers.”
The fund is suitable for investors seeking long-term capital appreciation, focusing on stocks and equity-related instruments of technology and technology-related companies.
Disclaimer:
The information contained in this post is for general information purposes only. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.
We respect the intellectual property rights of content creators. If you are the owner of any material featured on our website and have concerns about its use, please contact us. We are committed to addressing any copyright issues promptly and will remove any material within 2 days of receiving a request from the rightful owner.