Mumbai, Sept. 4 -- WhiteOak Capital Mutual Fund has filed an offer document with the Securities and Exchange Board of India (SEBI) to launch the WhiteOak Capital Diversified Equity Small Cap Active fund-of-funds (FoF). It is an open-ended fund of funds scheme that will predominantly invest in units of equity-oriented small-cap mutual fund schemes.

Aashish P Sommaiyaa, equity partner and chief executive officer of WhiteOak Capital, said the initiative will use a multi-manager FoF structure and that the company has hired a manager with nearly two decades of experience in managing such strategies in the US.

"It's a multi manager fund. It will invest in direct plans of small cap funds. It's a new initiative," Sommaiyaa said in a post on soc...