Mumbai, Sept. 30 -- WhiteOak Capital Mutual Fund has launched its first fund of funds (FoF), the WhiteOak Capital Diversified Equity Small Cap FOF. It is an open-ended scheme designed to generate long-term capital appreciation by investing predominantly in a diversified selection of active small-cap mutual fund schemes.

The new fund offer (NFO) opened for subscription on 28 September 2026 and will close on 12 October 2026. The scheme will invest 95%-100% of its assets in units of equity-oriented small-cap mutual fund schemes, with the remaining 0%-5% allowed in debt and money-market instruments, government securities, Treasury Bills and overnight or liquid funds. The benchmark for the scheme is the Nifty Smallcap 250 TRI.

The portfolio ...