Contents
Key details of the WhiteOak Capital Diversified Equity Small Cap Active FOF NFO
| Fund house | WhiteOak Capital Mutual Fund |
|---|---|
| Category (AMFI) | Fund of Funds Scheme (Domestic) - Fund of Funds Scheme (Domestic) |
| Scheme type | Open Ended |
| NFO opens | 28 September 2026 |
| NFO closes | 12 October 2026 |
| After the NFO | Reopens for subscription and redemption within 5 business days of allotment. |
| Offer price | ₹10 a unit |
| Minimum investment | ₹500 |
| Exit load | In respect of each purchase / switch-in of units, an Exit Load of 1.00% of applicable NAV is payable if units are redeemed/ switched-out within 1 year from the date of allotment; No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment |
| Benchmark | Nifty Smallcap 250 TRI |
| Fund managers | Ashish Agrawal, Bhavin Patadia and Nikunj Sampat |
| Maximum expense ratio | Up to 2.10% a year, before taxes and levies |
| Scheme information document | Read on AMFI (PDF) |
What WhiteOak Capital Diversified Equity Small Cap Active FOF will invest in
The scheme information document states the objective as: “The primary objective of the scheme is to generate long term capital appreciation by investing in units of equity oriented small cap mutual fund schemes.”
It invests 95–100% in units of small cap equity funds, mainly other fund houses’ schemes, spread across several funds, with up to 5% in debt and money market instruments. Its expense ratio cap includes the charges of the funds it holds.
How it compares with existing domestic fund of funds schemes
- AMFI lists 153 existing domestic fund of funds schemes. They invest in quite different things, so their returns are not compared here.
What to check before investing in this NFO
- The ₹10 price is not a discount. Units start at ₹10 only to set the unit count. Returns depend on how the fund's investments move, in percentage terms, exactly as for an existing fund.
- There is no track record yet. A new fund has no returns of its own to judge. The fund manager's other schemes, and how existing domestic fund of funds schemes have done over several years, are the closest guide.
- Overlap with what you already own. If you already hold domestic fund of funds schemes, or a flexi cap or large cap fund, check how much this fund's likely holdings would repeat them.
- Direct plan and costs. The direct plan pays no distributor commission, so its expense ratio is lower than the regular plan’s. Over many years the difference compounds.
- Exit load. In respect of each purchase / switch-in of units, an Exit Load of 1.00% of applicable NAV is payable if units are redeemed/ switched-out within 1 year from the date of allotment; No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment.
After the NFO closes
Units are allotted after the offer closes. The fund then publishes a daily NAV and reopens for regular purchases, SIPs and redemptions. Reopens for subscription and redemption within 5 business days of allotment.
Once a fund has a record, Genvest Research shows its returns against its benchmark, volatility and drawdowns.
Questions people ask
The NFO closed on 12 October 2026. After it reopens, you can invest at the daily NAV like any other open-ended fund.
The minimum is ₹500 during the NFO, according to AMFI's listing. Units are offered at ₹10 each.
No. The ₹10 starting price only sets the unit count. What you earn depends on the percentage change in the fund's investments, which is the same whether a unit costs ₹10 or ₹500.
In respect of each purchase / switch-in of units, an Exit Load of 1.00% of applicable NAV is payable if units are redeemed/ switched-out within 1 year from the date of allotment; No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment.
The scheme information document names Nifty Smallcap 250 TRI as the benchmark.
The scheme information document names Ashish Agrawal, Bhavin Patadia and Nikunj Sampat as the fund managers.
That depends on what you already own and why you would add this fund. A new fund has no record of its own, so compare it with existing domestic fund of funds schemes: their costs, their returns over several years and how much they overlap with funds you hold. This page explains the facts; it is not a recommendation.
Other NFOs open now
| Fund | Type | Closes | Minimum | Existing funds |
|---|---|---|---|---|
| Axis Nifty EV & New Age Automotive Index FundAxis | Index fund · Nifty EV & New Age Automotive | 30 OctCloses tomorrow | ₹100 | 2 on the same index |
| Carnelian Small Cap FundCarnelian | Small cap | 30 OctCloses tomorrow | ₹500 | 36 in the category |
| ICICI Prudential BSE Power ETFICICI Prudential | ETF · BSE Power | 30 OctCloses tomorrow | ₹1,000 | 1 on the same index |
| Samco Equity Savings FundSamco | Equity savings | 2 NovCloses in 4 days | ₹5,000 | 22 in the category |
| UTI Financial Services Debt FundUTI | Sectoral debt | 2 NovCloses in 4 days | ₹500 | 2 in the category |
| Choice Large & Mid Cap FundChoice | Large & mid cap | 3 NovCloses in 5 days | ₹1,000 | 36 in the category |
| Motilal Oswal Multi Asset Omni Fund of FundsMotilal Oswal | Fund of funds | 4 NovCloses in 6 days | ₹500 | – |
| Navi Multi Asset Omni FoFNavi | Fund of funds | 4 NovCloses in 6 days | ₹100 | – |
Sources
- AMFI new fund offer list.
- WhiteOak Capital Diversified Equity Small Cap Active FOF scheme information document.
- AMFI daily NAVs to 9 Oct, for existing funds.
This page is educational research based on AMFI data and scheme information documents. It is not a recommendation to invest in any scheme, or personalised investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past performance of other funds does not indicate how a new fund will perform. Registration granted by SEBI, enlistment with IAASB and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.