WhiteOak Capital Mutual Fund’s new fund offer (NFO)—Whiteoak Capital Mid-cap Fund—has an interesting feature. The fund house has said it will accept money into the fund only via the systematic investment plan (SIP) route after the NFO closes.
“This is perhaps the first time a fund house has chosen to restrict fund inflows into a scheme only through the SIP route from the very beginning. There are other funds that have done so earlier. But they had done it as a course correction measure, in response to market conditions,” says Arun Kumar, head of research, FundsIndia.