WhiteOak Capital Mutual Fund has completed first anniversary of its Equity Mutual Fund Scheme. In the past month, after the launch of its first maiden equity fund, WhiteOak Capital MF has added more than 1,50,000 unique PAN India investors and has managed to scale up the systematic transactions (SIP/STP) book to a monthly input value of Rs 98 crores. The fund house manages Rs 39.47 billion AUM as on July 31, 2023.
Prateek Pant, CBO, WhiteOak Capital AMC, said: “We have opened over 50 locations last year, which helps us cover about 80% of the target market. At this stage, our focus is to stabilise & increase our reach in these existing locations. In addition, we have a centralised sales team which reaches out to partners who are based outside these branch locations. We would be open to exploring any new opportunities for geographical expansion during the year.”
Prashant Khemka, Founder, WhiteOak Capital Group said, “We are excited to have completed the first year of our equity funds, with our team delivering a good experience to our investors.”