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WhiteOak Capital Balanced Advantage Fund NFO: Should you invest?

WOBAF is an open-ended dynamic asset allocation scheme investing in equities (65-100%), arbitrage (0-50%), and debt or cash in the range of 0-35% with the weight of net equities in the range of 30-80%.

January 20, 2023 / 09:49 AM IST
WOBAF is an open-ended dynamic asset allocation scheme investing in equities (65-100%), arbitrage (0-50%), and debt or cash in the range of 0-35% with the weight of net equities in the range of 30-80%.

WOBAF is an open-ended dynamic asset allocation scheme investing in equities (65-100%), arbitrage (0-50%), and debt or cash in the range of 0-35% with the weight of net equities in the range of 30-80%.

Balanced Advantage Funds have been one of the most popular categories in the Rs 40 trillion Indian mutual fund (MF) industry in the past year, with inflows worth Rs 11,658 crore. New entrant WhiteOak Capital Asset Management wants a piece of it, and has launched its seventh mutual fund scheme, a balanced advantage fund, in the Indian market.

Called WhiteOak Capital Balanced Advantage Fund (WOBAF), the scheme will switch between equities and debt assets. The new fund offer (NFO) opens on January 20, 2022.

What is on offer?

WOBAF is an open-ended dynamic asset allocation scheme investing in equities (65-100%), arbitrage (0-50%), and debt or cash in the range of 0-35% with the weight of net equities in the range of 30-80%.