WhiteOak Capital MF files for its first plan

After the name change from Yes Mutual Fund in January 2022, WhiteOak Capital MF has applied for it. November 2021.

WhiteOak Capital MF has three schemes so far. They are liquid, ultra-short term and overnight funds.

Yes AMC was one of the smallest fund houses in the country and had Average Assets Under Management (AAUM) 139 crore for the October-December 2021 quarter. SBI MF was the largest with AAUM 6.28 trillion for the December quarter.

According to the Scheme Information Document (SID) filed with SEBI, WhiteOak Capital Global Emerging Markets Fund is an open-ended equity scheme that invests in stocks of countries constituting global emerging markets.

In terms of allocation, the scheme can hold up to 100% of its assets in equity and equity-linked emerging market securities including Indian listed securities. On the other hand, the allocation of domestic debt securities and money market instruments can be up to 20% of the total assets.

The fund house has proposed that Ramesh Mantri, Piyush Barnwal (Loan) and Trupti Agarwal (Foreigner) will manage the scheme.

The benchmark of the scheme is Morgan Stanley Capital International (MSCI) Emerging Markets Index. The index is made up of companies from important emerging economies such as China, Taiwan, South Korea, India and Brazil.

The MSCI Emerging Markets Index, launched on January 1, 2001, reflects large- and mid-cap representation in 25 emerging market countries. With 1,422 components, the index covers approximately 85% of the free float-adjusted market capitalization in each country.

The top constituents in the index as of January 31 are Taiwan Semiconductor (7.31%), Tencent Holdings (4.53%), Samsung Electronics (3.77%), Alibaba Group (2.88%) and Meituan (1.49%).

In terms of country-wise representation, China has the highest weightage of 32.08%, followed by Taiwan (16.08%), India (12.52%), South Korea (11.73%) and Brazil (4.61%).