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WhiteOak Capital Mutual Fund collected close to Rs.550 crore during the NFO of WhiteOak Capital Flexicap Fund.
The fund house received application from 25,000 unique investors spread across 350 pincodes. Over 2000 MFDs participated in the NFO.
In a press release, Aashish P. Somaiyaa, CEO, WhiteOak Capital MF said, “When a new brand is introduced especially in a fiduciary space like mutual funds it takes time to establish credentials; the most reliable mode of which, is to deliver performance. 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. We are happy with this beginning and intend to bring further retail product launches throughout the rest of calendar year 2022.”
He further said, “Over the next 3 years we will work simultaneously on building products and track record as also geographic presence and distribution relationships across channels.”
