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WhiteOak Capital Mutual Fund has launched WhiteOak Capital Digital Bharat Fund, an open-ended equity scheme investing in technology and technology related companies.
The NFO opens on September 20 and closes on October 4.
In a press release, Aashish Somaiyaa, CEO of WhiteOak Capital MF said, “For thematic funds, it is imperative that investors are invested in long sustainable themes and at a time when those themes that are counter-cyclical to current market trends. While a spate of funds being launched were offering manufacturing, energy, defense, infrastructure and related themes, ‘red hot’ on the back of last 2-3 years performance, we created BFSI, pharma and special opportunities funds that were counter-cyclical at those times and the outperformance is there to see vs. the “red hot” themes. On the same lines we are now launching Digital Bharat which we believe is a long term sustainable theme and is counter-cyclical to recent trends and flows.”
Ramesh Mantri, CIO of WhiteOak Capital MF said, “Advancements in cloud computing, data analytics, and automation are further fostering innovation in healthcare, education, agriculture, and logistics, contributing to the vision of ‘Digital Bharat’.”
Ramesh Mantri (Equity), Trupti Agarwal (Assistant Fund Manager, Equity), Dheeresh Pathak (Assistant Fund Manager, Equity), and Piyush Baranwal (Debt) will co-manage this scheme.
