MUTUAL FUNDS
WhiteOak Capital Mutual Fund file offers document for Arbitrage Fund
May-15-2024
WhiteOak Capital Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘WhiteOak Capital Arbitrage Fund'. The offer rate is Rs 10 per unit. Entry load will be nil. In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed/ switched-out within 1 month from the date of allotment; and No Exit Load is payable if Units are redeemed / switched-out after 1 month from the date of allotment.

The Scheme offers only Growth Option for investment and minimum target subscription amount for the Scheme to be raised is Rs 10 crore.

The performance of the scheme will be benchmarked against NIFTY 50 Arbitrage Index (TRI). The minimum application amount is Rs 500 and in multiples of Re 1 thereafter.
 
The investment objective of the scheme is to seek to generate returns by predominantly investing in arbitrage opportunities in the cash and derivatives segments of the equity markets and by investing balance in debt and money market instruments.

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