SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 11 Aug, 2022  

Rupee.9.Thmb.jpg WhiteOak Capital AMC collects Rs 550 cr via Flexicap Fund NFO

   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
IANS | 11 Aug, 2022
WhiteOak Capital Asset Management has collected nearly Rs 550 crore during the new fund offer, the WhiteOak Capital Flexicap Fund. This was even after volatile market conditions and a near 40 per cent decline in gross equity inflows as reported by AMFI.

The fund aims to build an active, well-diversified portfolio, representing a cross-section of companies across major industries, economic sectors, and market cap segments.

"Given this was our maiden retail mutual fund offering, all we expected was a willingness from industry participants to experience us with a wide-spread participation and a critical mass of investor base on which to deliver performance and build track record. With the participation of around 25,000 investors across 350 cities in India and beyond, we have created a strong outreach in our retail journey. Over 2,000 distributors have been prime influencers in enabling investment contributions from both Top-30 and Beyond-30 cities," said Aashish P. Somaiyaa, CEO, WhiteOak Capital Asset Management.

More than 2,000 distributors were on-boarded, nearly a third of the contribution came from B30 cities in India. Around 25,000 unique investors across 350+ locations participated in this Flexicap Fund offering.
Print the Page
Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
COVID-19 has directly affected your business
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter