White Oak Capital Group gets SEBI nod to become sponsor of Yes Mutual Fund

After obtaining all regulatory approvals, GPL Finance will now initiate transfer of the Mutual Fund business from Yes Bank to become the sponsor of Yes Mutual Fund. The transaction is expected to close in the next few weeks.

Ashish P Somaiya, who will take over as CEO of AMC after the completion of the transaction, said, “We continue to build an experienced team of industry professionals who leave no stone unturned to provide the best investment products to retail investors. Will leave We look forward to covering India well beyond metro cities, including B30 locations, to achieve higher inclusiveness through omni-channel presence across physical, virtual and digital channels.”

White Oak Capital Group provides investment management and advisory services for equity assets of more ₹40,000 crore as per the company release. In addition to individually managed accounts for major global institutions, White Oak provides investment services to individual and institutional investors in India and around the world through a wide range of fund vehicles residing in India, Ireland, Mauritius and the UK.

“We have instilled a performance-first culture in our firm, which has earned the trust of investors globally,” said Prashant Khemka, Founder, White Oak Capital, who handed over assets worth over Rs 40,000 crore to us over the past four years Is. We are excited to offer our investment expertise to retail investors across the country. With high alpha potential on the canvas of a high growth economy, India continues to be one of the most favorable investment destinations in the world.”

White Oak Capital Group was founded by Khemka, former CIO of Goldman Sachs Asset Management’s India Equity and Global Emerging Markets equity businesses.