In recent years, the dominance of new-age businesses and fintech companies in the Indian stock market has grown significantly.
These companies, especially in the technology sector, have gained prominence, with many preparing to enter the market.
To provide investors with exposure to these technology-related companies, WhiteOak Capital Mutual Fund has introduced the Digital Bharat Fund, offering new investment options.
Details of the Digital India Fund
The WhiteOak Capital Digital India Fund is set to open for subscription on 20 September 2024, with applications accepted until 4 October 2024.
This open-ended equity scheme focuses on investing in technology and tech-related companies.
The fund aims to grow investors’ capital over the long term by investing in equity and equity-related instruments within the technology sector.
SIP Options Starting at Rs 100
Investors have multiple investment options in this fund. The minimum lump sum investment is Rs 500, with additional investments in multiples of Rs 1.
For those preferring a Systematic Investment Plan (SIP), the minimum amount is Rs 100, with options for weekly, fortnightly, and monthly contributions.
A quarterly SIP option requires a minimum investment of Rs 500.
Investors choosing weekly, fortnightly, or monthly SIPs must commit to at least six installments, while quarterly SIP investors must complete at least four installments.
Focus on Long-Term Wealth Generation
At the fund’s launch, Ashish Somaiya, CEO of WhiteOak Capital Asset Management, mentioned that their past funds in sectors like BFSI, Pharma,
and Special Opportunities have performed well, and now they are introducing the Digital India Fund for long-term investments.
Ramesh Mantri, Chief Investment Officer, added that innovations in cloud computing, data analytics,
and automation are driving advancements in healthcare, education, agriculture, and logistics.
The Digital India Fund aims to help investors generate wealth by focusing on these technology-driven businesses.
