CURRENT AFFAIRS

Detailed explanation-1: -The change is effective from January 12, 2022. Sommaiyaa also said that YES Mutual Fund will now be called WhiteOak Capital Mutual Fund. CEO Aashish Sommaiyaa, the new fund house’ head is the former chief executive of Motilal Oswal mutual fund.

Detailed explanation-2: -Overview. WhiteOak Capital Asset Management Limited, is part of WhiteOak Capital group of companies founded by Mr Prashant Khemka, an investment professional with an enviable track record spanning over two decades.

Detailed explanation-3: -White Oak has a strong performance-first culture, founded on a simple stock selection-based approach and robust risk management. The belief and investment mantra of the seasoned investment team is that outsized returns are earned over time by investing in great businesses at attractive valuations.

Detailed explanation-4: -Nippon India Mutual Funds (formerly Reliance Mutual Fund) is one of the leading asset management companies in India. It manages assets across managed accounts, mutual funds, pension funds, alternative investments, and offshore funds.

Detailed explanation-5: -Aashish Somaiyaa, CEO, White Oak Capital Management joins ET NOW to help us understand changing landscape of AMC sector as a whole. “Mutual Fund at next leg of maturity, its all about the performance now “ says Aashish Somaiyaa. He believes Digitization has aided growth and made the industry more democratic.