Fund Snapshot
| Fund Category | Category III AIF (Open-Ended, Non-Retail) |
| Currency | USD-Denominated |
| Minimum Investment | USD 150,000 (with drawdowns) |
| Fund Management Entity | Ashoka WhiteOak Capital Management (GIFT) LLP |
| Underlying Scheme | WhiteOak Capital Multi Cap Fund (India-domiciled open-ended mutual fund) |
| Subscription/Redemption | Weekly, every Wednesday |
| Exit Load | 2% (Year 1), 1% (Year 2) from final contribution date |
| Operating Expenses | Capped at 0.5% |
| Custodian | Orbis Financial Corporation Limited |
| Registrar | CAMS (Computer Age Management Services Limited) |
Investing Philosophy
Focus on Stock Selection, Not Macros
WhiteOak’s philosophy is simple yet powerful: invest in great businesses at attractive valuations, rather than betting on sectors or styles.
Proprietary Opco-Finco Framework
This robust valuation framework separates operating and financing entities, allowing a more precise estimation of intrinsic value based on Excess Return on Invested Capital (EROIC).
Disciplined Portfolio Construction
WhiteOak’s investment process filters a universe of ~1,300 Indian listed companies to construct a final portfolio of 80–120 stocks based on governance, growth potential, capital efficiency, and relative valuation. This disciplined structure is a hallmark of the White Oak AIF strategies offered to global investors.
Philosophy at WhiteOak Capital: Focus on Stock Selection
WhiteOak’s philosophy centers on identifying:
1. Great Businesses
- Well-managed, scalable companies with superior returns on capital.
Attributes of Great Businesses:
- Superior returns on incremental capital
- Scalable long-term opportunity
- Strong execution and governance
2. Attractive Valuation
- Investing at a significant discount to the company’s intrinsic value.
Valuation Principles:
- Intrinsic value = Present value of future cash flows
- Focus on return on capital over cost of capital
Why Choose This Fund?
- Access India’s growth story through a trusted manager with global credibility
- Strategic diversification across cap sizes and sectors
- Transparent, disciplined investment process
- USD-denominated, weekly liquidity
- GIFT City tax and regulatory advantages
Fund Overview
