WhiteOak Capital Asset Management Limited has launched the WhiteOak Capital Dividend Yield Fund, an open ended equity scheme. The New Fund Offer opens on 10-08-2026 and closes on 24-08-2026.
The scheme aims for long term capital appreciation with regular income, mainly by holding shares of companies that pay dividends consistently.
Investors who want equity exposure built around steadier, dividend paying businesses may want to understand this fund before the NFO closes.
WhiteOak Capital Dividend Yield Fund NFO details
Fund name | |
Fund type | Open ended equity scheme |
Category | Equity Fund, Dividend Yield Fund |
Nature of scheme | Actively managed, predominantly invests in dividend yielding stocks |
Benchmark | BSE 500 Total Return Index (TRI) |
Ramesh Mantri (equity); Trupti Agarwal and Dheeresh Pathak (assistant fund managers, equity); Piyush Baranwal (debt); Ashish Agrawal (arbitrage) | |
NFO opens | 10-08-2026 |
NFO closes | 24-08-2026 |
Allotment | Within 5 business days of NFO closure |
Minimum investment | Rs 500 during the NFO, in multiples of Re 1 |
Additional investment | Rs 100, in multiples of Re 1 |
SIP amount | Rs 100 for daily, weekly, fortnightly and monthly SIPs (min. 6 instalments); Rs 500 for quarterly SIPs (min. 4 instalments). |
NAV | Rs 10 per unit during the NFO |
Stamp duty | 0.005% of the purchase value, the standard government rate on mutual fund purchases in India (source) |
Entry load | Nil |
Exit load | Nil |
WhiteOak Capital Asset Management Limited: AMC details
AMC name | WhiteOak Capital Asset Management Limited |
Assets under management | Around Rs 32,577 crore, equity AUM as of 31 January 2026 |
Website | |
Registered office | Unit No. B4, 6th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai 400 025 |
Contact number | 1800-266-3060 (toll free) |
Source: AMFI India – New fund offer | WhiteOak Capital Dividend Yield Fund
What has WhiteOak Capital launched?
WhiteOak Capital Asset Management Limited has introduced an open ended equity scheme that invests mainly in shares of companies with a habit of paying dividends. This is an actively managed fund, so the managers pick individual stocks rather than track an index.
The scheme can hold large, mid and small cap companies tied to dividend paying instruments, including REIT units. Under normal conditions, at least 80% of the portfolio sits in such stocks.
The goal is twofold: build wealth through capital appreciation, and add income through dividends. New to the topic? Zenith’s guide to mutual funds covers the basics.
How does the WhiteOak Capital Dividend Yield Fund strategy work?
The fund managers start by screening companies on dividend yield, the dividend a company pays each year measured against its share price. A high yield alone is not enough; the team also checks whether the company can keep paying it, based on cash flows and track record.
Step | What happens? |
1 | Screen the universe for meaningful, sustainable dividend payers |
2 | Check the dividend is backed by real profit and cash flow, not a one off gain |
3 | Study valuations, so the fund does not overpay |
4 | Weigh quality factors such as track record and governance |
5 | Build a diversified portfolio across caps and sectors |
6 | Size positions by conviction and tradability |
7 | Review holdings and rebalance if sustainability or valuations shift |
Let’s understand through an example
Say you invest Rs 10,000 in the NFO at Rs 10 per unit. You get 1,000 units. That money is pooled and put into dividend paying shares across sectors, following the process above. Your NAV then moves with how those shares perform. This only shows how your money moves through the fund, not likely returns.
Portfolio allocation of the WhiteOak Capital Dividend Yield Fund
Under normal conditions, the scheme follows this allocation pattern, per the Scheme Information Document:
Instrument | Indicative allocation (% of total assets) |
Equity and equity related instruments of dividend yielding companies (including REIT units) | 80% to 100% |
Equity and equity related instruments of companies other than dividend yielding ones (including REIT units) | 0% to 20% |
Debt securities and money market instruments | 0% to 20% |
Units issued by InvITs | 0% to 10% |
Investment strategy behind the fund
Stock selection starts with dividend yield, but does not stop there. The managers also weigh fundamentals, valuations, growth potential and governance. Since this is actively managed, there is no index to track, so the mix between large, mid and small cap payers can shift as opportunities change.
For risk control, the fund avoids weak governance companies where possible, though standards can worsen after investment. Liquidity is managed by reviewing how easily each holding trades. To weigh this against your existing holdings, Zenith’s investment planning service can help.
Potential benefits of the fund
Potential benefit | Why it matters |
Income alongside growth | Dividend companies can add cash income on top of capital appreciation |
Exposure to steadier businesses | Consistent dividend payers often have more predictable cash flows |
Spread across market caps | Not limited to only large cap dividend payers |
A built in quality filter | A sustained dividend often signals real, provable profits |
Key risks to weigh
Risk | What it means |
Market risk | Share prices can fall with market conditions, and the NAV falls with them |
Concentration risk | Dividend payers often cluster in a few sectors, such as banks, utilities or PSUs |
Corporate governance risk | A company’s governance can worsen after the fund has invested, despite screening |
Small and mid cap risk | Smaller dividend payers can be less liquid and less researched than large ones |
Derivative risk | Equity derivatives used for hedging can add to gains or losses if not managed carefully |
Who may consider this fund
Investor type | Why it may fit |
Long term equity investors, 5 years or more | Dividend stocks may offer a smoother ride than pure growth stocks over a full cycle |
Investors wanting income and growth together | The fund targets both capital appreciation and dividend income |
Those diversifying an existing equity portfolio | Adds a style that behaves differently from growth focused funds |
If unsure whether this fits your plan, Zenith’s mutual fund advisors can walk through it with you.
Who may not find it suitable
Investor type | Why it may not fit |
Short term investors, under 3 to 5 years | Equity needs time to smooth out market swings |
Investors wanting guaranteed income | Dividends are a company’s discretion, never guaranteed |
Those uncomfortable with equity swings | This is still an equity fund, and its value can fall as well as rise |
Comparison with traditional investment options
Feature | Fixed deposit | Debt mutual fund | Hybrid fund | Equity mutual fund | This fund |
Risk | Low | Low to moderate | Moderate | High | High |
Return potential | Low, fixed | Low to moderate | Moderate | High | High |
Volatility | None | Low | Moderate | High | High, slightly steadier |
Liquidity | Low to moderate | High | High | High | High |
Horizon | Short to medium | Short to medium | Medium | Long | Long |
Suitable investor | Safety first | Income | Balanced | Growth | Growth plus income |
WhiteOak Capital Dividend Yield Fund review by Zenith Finserve
This fund suits an investor who wants equity exposure without leaning entirely on growth stocks, over a horizon of five years or more, since the holdings are still equities that need time through market cycles.
The dividend yield style tends to hold banking, utilities and public sector names, so the portfolio may behave differently from a growth or momentum fund, which can diversify a growth heavy portfolio.
This remains a high risk equity scheme with no track record. Weigh your goals, horizon and risk comfort, ideally as part of a wider goal based financial plan, rather than treat this as advice.
How Zenith Financial Management can help
At Zenith Financial Management, we follow a process driven investment framework. We assess your goals, cash flows, risk profile, time horizon, existing investments, loans and tax situation before suggesting investments. We align our investment suggestions with your financial objectives and review them periodically to keep them suitable as your circumstances change.
Similar NFOs on Zenith
Zenith has not yet published coverage of another dividend yield fund NFO, so there is no genuinely comparable article to link here. For a related, though not identical, active equity launch, see Zenith’s coverage of the TRUSTMF Large & Mid Cap Fund NFO, useful for contrast in style and structure rather than as a direct peer.
Frequently asked questions
What is the WhiteOak Capital Dividend Yield Fund?
An open ended equity scheme from WhiteOak Capital Asset Management Limited that invests mainly in shares of dividend paying companies.
When does the WhiteOak Capital Dividend Yield Fund NFO open and close?
It opens on 10-08-2026 and closes on 24-08-2026.
What is the minimum investment in the NFO?
Rs 500 during the NFO, and Rs 100 once the scheme reopens for ongoing purchases.
Is WhiteOak Capital Dividend Yield Fund NFO good to invest in?
Depends on your goals, horizon and risk comfort. It suits a horizon of five years or more.
What does the fund invest in?
At least 80% in dividend paying company shares, with the rest in other equities, debt or InvIT units as allowed.
Does the fund guarantee dividend income?
No. Dividends are a company decision and are never guaranteed.
What is the benchmark for this fund?
The BSE 500 Total Return Index (TRI).
Is there an entry or exit load?
No. Both entry and exit load are nil.
Who manages the WhiteOak Capital Dividend Yield Fund?
Ramesh Mantri manages the equity portion, with Trupti Agarwal and Dheeresh Pathak as assistant fund managers, Piyush Baranwal for debt and Ashish Agrawal for arbitrage.
Can I start a SIP in this fund?
Yes. SIPs start from Rs 100 for daily, weekly, fortnightly and monthly options, and Rs 500 for quarterly SIPs.
WhiteOak Capital Dividend Yield Fund review: how is it different from a regular equity fund?
It filters first for dividend paying ability, tilting the portfolio towards steadier, cash generating businesses over pure growth names.
Is stamp duty charged on this investment?
Yes, 0.005% of the purchase value, the government rule applying to all mutual fund purchases in India
