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WhiteOak Capital Mutual Fund launches Multi-asset NFO with Old Tax benefits

Published on May 02, 2023
Current Context: WhiteOak Capital Mutual Fund, it is an asset management company that provides investment management and advisory services for Indian equity.
WhiteOak Capital Mutual Fund launches Multi-asset NFO with Old Tax benefits
  • It has recently launched a Balanced Advantage Fund, which is a hybrid scheme that invests in a mix of equity and debt instruments.
  • The fund also claims to offer old tax benefits under Section 112A of the Income Tax Act , which means that the long-term capital gains from equity investments are taxed at 10% only if they exceed Rs. 1 lakh in a financial year.

Question:

Q.1 What is the name of the asset management company that launched the Balanced Advantage Fund?
a. WhitePine Capital Mutual Fund
b. WhiteOak Capital Mutual Fund
c. WhiteBirch Capital Mutual Fund
d. WhiteAsh Capital Mutual Fund
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