WhiteOak Capital Mutual Fund has announced its New Fund Offer (NFO) – ‘ WhiteOak Capital Multi Asset Allocation Fund’. ‘ announced the launch of NFO will be open from 3rd May to 10th May 2023. It will invest money in equity ie stock market and its related products, debt and money market and gold / silver related products. This is an open ended scheme.

There is continuous upheaval in the global market. War and many other major issues have affected the stock market, commodity market and bonds. In such a situation, investors should diversify their portfolio. This makes the returns even better.

Where will be the investment

-15% to 45% (net) for home equity*
-10% to 55% towards fixed income
– 10% to 40% towards gold
-0 to 10% for foreign equity.

Domestic equity in excess of 35% to 45%, including arbitrage positions (hedged + unhedged).^ As per prevailing tax laws (with effect from 1st April 2023). Investors are requested to consult their financial advisor to understand the individual nature of tax implications.

The scheme will be benchmarked against S&P BSE 500 TRI (40%) + CRISIL Composite Bond Index (40%) + Domestic Gold prices (10%) + Domestic Silver prices (10%).
To understand the market behaviour, let us look at the returns given by different allocation classes in the just ended calendar year 22, gold was the top performer with a gain of 13.9% followed by Indian equities at 5.7%.

Other asset classes like liquid funds gave 5.1% returns, while real estate gave 2.8%, debt 2.5%. While foreign equity gave negative returns in terms of INR in major markets like US Equity (S&P 500) -9.1%, MSCI DM -9.1%, MSCI EM -11.3% and Nasdaq -25.1%.

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