MUTUAL FUNDS
WhiteOak Capital Mutual Fund files offers document for Balanced Advantage Fund
Sep-27-2022
WhiteOak Capital Mutual Fund has filed offer document with SEBI to launch an open-ended dynamic asset allocation fund named ‘Whiteoak Capital Balanced Advantage Fund’. The New Fund Offer price will be Rs 10. Entry load will be nil and in respect of each purchase / switch-in of Units, an Exit Load of 1% 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. This Scheme provides growth and dividend options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked by CRISIL Hybrid 50+50 -Moderate Index. The minimum application amount is Rs 500 and in multiples of Re 1 thereafter.

The investment objective of the scheme is to provide   long   term   capital   appreciation   and   generate   income   from   a dynamically managed portfolio of equity & equity related instruments and debt & money market securities.

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