White Oak Capital is the latest entrant to the mutual fund space. Led by the founder Prashant Khemka, the new fund house would have Aashish Somaiyaa, the former chief executive of Motilal Oswal mutual fund, as its head. Last week, White Oak’s subsidiary, GPL Finance (the sponsor firm), got the regulatory nod to acquire YES Mutual Fund.
Mutual funds reduces overall cash allocation by Rs 6,200 crore to Rs 2.17 lakh crore in May
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