WhiteOak Mutual Fund waives exit load on fresh investments; existing units retain old charges

Synopsis

WhiteOak Capital Mutual Fund has removed exit loads on new investments in its equity and hybrid schemes. This investor-friendly move enhances flexibility and improves the investment experience. The change applies to most schemes, excluding liquid and arbitrage funds. This decision aims to provide greater liquidity and agility for investors making portfolio decisions.

WhiteOak Capital Mutual Fund announced a significant investor-friendly initiative by removing the exit load on fresh investments in all its equity and hybrid schemes effective from April 27.

The removal of exit loads will be applicable across all equity and hybrid schemes managed by the company. However, this change will not apply to liquid funds and arbitrage funds, where the existing exit load structure will continue.

This move is aimed at enhancing flexibility and improving the overall investment experience for investors by allowing them to redeem their investments without incurring exit penalties. The revision underscores WhiteOak Capital Asset Management’s commitment to prioritizing investor convenience, transparency, and accessibility, according to a press release by the fund house.

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By eliminating exit loads in these categories, WhiteOak Capital Asset Management seeks to align its offerings with evolving investor preferences, providing greater liquidity and enabling investors to make portfolio decisions with increased agility, the release further said.

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“We have decided to make all our equity and hybrid funds NO LOAD. Given the changes to short term and long-term capital gains taxes over the years which act as sufficient deterrent against churn, we see no reason to add further to the cost of investing by imposing exit loads; as such there remains no significant relevance of exit loads now,” said Aashish Somaiyaa, Chief Executive Officer (CEO).

“Liquidity should be a feature of good portfolio design, not a constraint. Removing exit loads allows investors to respond to real-life needs and market opportunities without worrying about incremental costs. At WhiteOak Capital, our focus is on building resilient portfolios that investors can stay invested in with confidence, while knowing they have the freedom to act when it truly matters,” Ramesh Mantri, Chief Investment Officer said.

There are around 16 funds including equity and hybrid funds managed by the fund house whose exit load is revised to nil.

List of schemes:

Name of the scheme(s)

Existing Exit Load

Revised Exit Load

WhiteOak Capital Flexi Cap Fund (An open ended dynamic equity scheme investing across large cap, mid cap and small cap stocks)

· In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed/ switched-out within 1 month from the date of allotment.

· No Exit Load is payable if Units are redeemed / switched-out after 1 month from the date of allotment

Nil

WhiteOak Capital Mid Cap Fund (An open ended equity scheme predominantly investing in mid-cap stocks)

WhiteOak Capital Large Cap Fund (An open ended equity scheme predominantly investing in large cap stocks.)

WhiteOak Capital Multi Cap Fund (An open ended equity scheme investing across large cap, mid cap, small cap stocks.)

WhiteOak Capital Large & Mid Cap Fund (An open ended equity scheme investing in both large cap and mid cap stocks.)

WhiteOak Capital Banking & Financial Services Fund (An open ended equity scheme investing in banking & financial services sector)

WhiteOak Capital Pharma and Healthcare Fund (An open ended equity scheme investing in Pharma and Healthcare sector)

WhiteOak Capital Special Opportunities Fund (An open ended equity scheme following special situations theme.)

WhiteOak Capital ESG Best-In-Class Strategy Fund (An open-ended equity scheme investing in companies following Environment, Social and Governance (ESG) theme adopting Best-In-Class Strategy)

· In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed/ switched-out within 1 month from the date of allotment.

· No Exit Load is payable if Units are redeemed / switched-out after 1 month from the date of allotment

Nil

WhiteOak Capital Digital Bharat Fund (An open ended equity scheme investing in Technology and Technology related companies)

WhiteOak Capital Quality Equity Fund (An open ended equity scheme following Quality Factor theme)

WhiteOak Capital Consumption Opportunities Fund (An open-ended equity scheme following consumption theme.)

WhiteOak Capital Balanced Advantage Fund (An open ended dynamic asset allocation fund.)

In respect of each purchase of Units –

· Nil Exit load – for 10% of the units purchased or switched-in on or before 30 days from the date of allotment.

- The “First In First Out (FIFO)” logic will be applied while selecting the units for redemption

- Waiver of Exit load is calculated for each inflow transaction separately on FIFO basis and not on the total units through multiple inflows

- The load free units from purchases made subsequent to the initial purchase will be available only after redeeming all units from the initial purchase

· All units redeemed /switched out in excess of the 10% load free units will be subject to the below mentioned exit load.

- 1.00% - if Units are redeemed/ switched-out on or before 30 days from the date of allotment

- Nil - if redeemed after 30 days from the date of allotment

Nil

WhiteOak Capital Multi Asset Allocation Fund (An open ended scheme investing in Equity & Equity Related Instruments, Debt & Money Market Securities and Gold/silver related instruments)

WhiteOak Capital Balanced Hybrid Fund (An open ended balanced scheme investing in equity and debt instruments.)

WhiteOak Capital Equity Savings Fund (An open ended scheme investing in equity, arbitrage and debt)

In respect of each purchase of Units –

· Nil Exit load – for 10% of the units purchased or switched-in on or before 7 days from the date of allotment.

- The “First In First Out (FIFO)” logic will be applied while selecting the units for redemption

- Waiver of Exit load is calculated for each inflow transaction separately on FIFO basis and not on the total units through multiple inflows

- The load free units from purchases made subsequent to the initial purchase will be available only after redeeming all units from the initial purchase

· All units redeemed /switched out in excess of the 10% load free units will be subject to the below mentioned exit load.

- 0.25% - if Units are redeemed/ switched-out on or before 7 days from the date of allotment

- Nil - if redeemed after 7 days from the date of allotment

Nil

Source: WhiteOak Mutual Fund

Investors are advised to refer to the addendum available on the website for detailed information regarding the change. All prior investments continue to be subject to the load structure applicable at the time of the respective investment/applications.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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