WhiteOak Capital Mutual Fund today announced the launch of their new fund offer (NFO) – ‘WhiteOak Capital Special Opportunities Fund’, an open-ended equity scheme that will be following special situations theme. The NFO opens on 15th May and closes on 29th May, 2024.
WhiteOak Capital Special Opportunities Fund investment objective is to generate long-term capital appreciation by investing in opportunities presented by special situations such as corporate restructuring (including mergers & acquisitions etc.), government policy and/or regulatory changes, technology led disruption and innovation, new trends, new & emerging sectors, companies /sectors going through temporary unique challenges and other similar instances. The scheme is benchmarked against S&P BSE 500 TRI Index.
WhiteOak Capital Special Opportunities Fund will focus on being ahead of the curve i.e. identifying Special Situations well in advance and capitalizing on them before the market fully factors in the outcome. It adopts a bottom-up approach of investing, carefully selecting stocks and maintaining a diversified portfolio within the theme, ensuring a balanced investment strategy, by focussing on specific news, events, incidence that can impact a particular stock, sector or economy. The risk-reward profile makes this fund an attractive option for those who understand and are comfortable with the potential volatility.
Aashish Somaiyaa, CEO of WhiteOak Capital Asset Management Limited said, “Winston Churchill once has said that ‘Never let a good crisis go to waste’. While this principle is at the heart of our Special Opportunities Fund, there is more to it. The Equity Market has remained eventful in the past and is likely to be eventful in future as well. The key is to identify a situation in which stock’s current market price is significantly lower than its intrinsic (fair) value due to an unfavorable event or pessimism about new development. Bottom-up stock selection and In-depth analysis here plays a pivotal role in analyzing the intrinsic value of the stock compared to its market price. This is a where Active Management of our Special Opportunities Fund with Bottom-up Stock Selection & Strong Research Expertise will play an important role.”
