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WhiteOak Capital AMC collects Rs 550 cr via Flexicap Fund NFO
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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.
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