WhiteOak Mutual Fund has filed offer document with SEBI to launch an open ended Medium Term debt scheme named ‘WhiteOak Capital Medium Term Fund-KIM’. The New Fund Offer price will be Rs 10. Entry load and Exit load will be nil. This Scheme provides only growth option for investment.
The performance of the scheme will be benchmarked by CRISIL Medium Duration Fund BIII Index. The minimum application amount is Rs 500 and in multiples of Re 1 thereafter.
The investment objective of the scheme is to generate income and capital appreciation through an actively managed diversified portfolio comprising debt and money market instruments such that the Macaulay duration of the portfolio is between 3 years to 4 years.