WhiteOak Capital has announced the launch of a new scheme, WhiteOak Capital Balanced Advantage Fund, with a NFO opening on January 20th and closing on Feb 3rd, 2023.
It is an open ended Balanced Advantage Fund.
| NFO | HSBC Multi Cap Fund |
|---|---|
| NFO Open Date | 20 Jan 2023 |
| NFO Close Date | 3 Feb 2023 |
| Re-open | |
| Benchmark | CRISIL Hybrid 50:50 |
| Fund Manager | Ramesh Mantri Trupti Agarwal (Co-Fund Manager) Piyush Baranwal (Debt investment) |
| Exit Load | 1% unit redeem before 1 month |
| Minimum Investment | 500 |
Investment Strategy
The goal of the Scheme is to achieve long-term capital growth and income through a actively managed portfolio of equity-related instruments, debt securities, and money market securities.
The Scheme may use an internal proprietary model to guide asset allocation decisions, but the fund manager ultimately has the discretion to adjust allocation percentages, intervals, and approaches as needed to meet the investment objective.
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The internal model may consider factors such as Adjusted Price to Book Value, ROE, G-Sec Yield to Earning Yield, VIX, Equity and Debt Momentum.
The model may be periodically updated with changes to the parameters and their weightings.
WhiteOak Capital AMC’s equity allocation strategy is to invest in strong companies based on individual stock selection and not to be swayed by macro events.
| Parameter | Remarks | Net Equity Allocation |
|---|---|---|
| Adjusted Price to Book Ratio | Mean-Reverting Equity Valuation Parameter + Overlay of Return of Equity(ROE) | Higher Ratio => Lower Equity |
| Yield Ratio | G-Sec Yield / Normalised Earning Yield Measures Relative attractiveness of Debt & Equity | Higher Ratio => Lower Equity |
Their philosophy centers on investing in high-quality businesses that are well-managed, have growth potential, and generate strong returns on invested capital, at attractive valuations.
The company believes that finding businesses that meet these criteria and are trading at substantial discounts to their intrinsic value is the key to successful investing.
| Key attributes look for in a Business | Key factors to evaluate |
|---|---|
| Superior returns on incremental capital | Industry competitive intensity Sustainable competitive advantage |
| Scalable long-term opportunity | Industry potential versus current size Expanding market share and scope |
| Strong execution and governance | Drive to create long term value Interests aligned with minority shareholder |
The scheme may invest a portion of its portfolio in debt and money market securities, within the limits set by SEBI (MF) regulations. The scheme’s investments in these instruments will be based on creditworthiness, liquidity, and interest rate outlook.
Additionally, the scheme may use derivative instruments for risk management, portfolio diversification, and maximizing returns.