December 20, 2024
mayank
WhiteOak Capital Arbitrage Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 10.1870
Suitable For Which Investors?
“Arbitrage funds invest in equity shares and derivatives, and earn their returns through the price differential between a stock and its futures. You can expect to earn better returns than what you would get from a bank account.
They are usually suitable to park your money for a period ranging between three months to a year. However, we believe that liquid funds, which have a similar risk-return payoff, are a better alternative for most investors for such a time frame. Arbitrage funds may have some appeal for those who are in the highest tax bracket, given the preferential tax treatment of these funds.
The risk of incurring a loss in these funds over the said time frame is low but they do not guarantee returns or safety of capital.
Remember, these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seek to generate returns by predominantly investing in arbitrage pportunities in the cash and derivatives segments of the equity markets and by investing balance in debt and money market instruments. There is no assurance that the investment objective of the Scheme will be achieved.
Fund Manager:
1) Ashish Agarwal
Education: PGDBM in Finance from Institute of Management Technology, Ghaziabad and Bachelor of Commerce from University of Lucknow
Experience: Motilal Owal Asset Management Co. Ltd from 2016 till date. Citigroup Global Markets Ltd from 2010 to 2016
2) Ramesh Mantri
Education: Mr. Mantri is an MBA, CFA and CA
Experience: Prior to joining WhiteOak Capital Mutual Fund, he has worked with WhiteOak Capital Management, Ashoka Capital Advisers, Smith Management, and CRISIL.
3) Piyush Baranwal
Education: Mr.Piyush Baranwal is a B. Tech. in Electronics and communication from Manipal Institute of Technology,Manipal.He completed PGDBM in Finance from S.P.Jain Institute of Management and Reserch and CFA.
Experience: Prior to joining WhiteOak Capital Mutual Fund he has worked with BOI AXA, Morgan Stanley Investment Management (Jan, 2011-June, 2014) and Principal Pnb AMC as a Dealer- Fixed Income (May, 2008-Jan, 2011).
4) Bhavin Patadia
Education: Mr. Patadia is MFM and B.E. (Computer Engg.), MBA in Financial Management
Experience: Prior to Joining WhiteOak Capital Asset Management Limited, he has worked with Edelweiss MUtual Fund IDFC Mutual Fund, Standard Chartered Securities as Fund Manager in PMS activities and Angel Broking Ltd. in Equity research.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs)500 | |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0.25% for redemption within 7 days |
Basic Details of WhiteOak Capital Arbitrage Fund
| Fund House | WhiteOak Capital Mutual Fund |
| Launch Date | 09-Sep-24 |
| Return Since Launch | 1.87% |
| Benchmark | NIFTY 50 Arbitrage TRI |
| Riskometer | Low |
| Type | Open-ended |
| Assets | Rs 134 Cr |
| (As on 30-Nov-2024) | |
| Expense | 0.43% |
| (As on 30-Nov-2024) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
WhiteOak Capital Arbitrage Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| WhiteOak Capital Arbitrage Dir | — | 0.00 | 0.42 | 1.58 | — | — | — | — | — | — |
| CCIL T Bill Liquidity Weight | — | 0.04 | 0.34 | 1.08 | — | — | — | — | — | — |
| Hybrid: Arbitrage | — | -0.02 | 0.43 | 1.77 | — | — | — | — | — | — |
| Rank within category | — | 2 | 17 | 28 | — | — | — | — | — | — |
| Number of funds in category | 27 | 30 | 29 | 28 | 27 | 27 | 24 | 22 | 16 | 14 |
WhiteOak Capital Arbitrage Fund Peer Comparison
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| WhiteOak Capital Arbitrage Dir | Unrated | — | — | — | 0.43 | 134 | 1.87 | 0.25 (7) | 3M | — |
| Kotak Equity Arbitrage Dir | 4 star | 8.48 | 7.11 | 6.15 | 0.43 | 54,915 | 7.08 | 0.25 (30) | 11Y 11M | 2136.12 |
| Invesco India Arbitrage Dir | 5 star | 8.31 | 7.32 | 6.21 | 0.39 | 18,252 | 6.93 | 0.50 (15) | 11Y 11M | 1740.00 |
| Nippon India Arbitrage Dir | 4 star | 8.23 | 6.91 | 6.06 | 0.39 | 15,418 | 7.09 | 0.25 (30) | 11Y 11M | 1308.00 |
| ABSL Arbitrage Dir | 4 star | 8.32 | 6.90 | 5.98 | 0.29 | 13,844 | 6.97 | 0.25 (15) | 11Y 11M | 1444.00 |
Portfolio Analysis of WhiteOak Capital Arbitrage Fund
| No. of Stocks | 51 |
| Top 10 Holdings | 44.55% |
| Top 5 Stocks | 27.41% |
| Top 3 Sectors | –% |
| Portfolio P/B Ratio | 3.09 |
| Portfolio P/E Ratio | 21.76 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,83,450 | 2,13,603 |
| Giant (%) | 74.87 | 54.79 |
| Large (%) | 12.66 | 31.27 |
| Mid (%) | 11.26 | 13.78 |
| Small (%) | 1.21 | 0.80 |
| Tiny (%) | — | — |
| Fund | Category | |
| Number of Securities | 111 | 240 |
| Macaulay Duration (yrs) | 0.29 | 0.31 |
| Average Maturity (yrs) | 0.29 | 0.34 |
| Yield to Maturity (%) | 6.97 | 6.96 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For WhiteOak Capital Arbitrage Fund
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