Description
WhiteOak Capital Mutual Fund has revised the minimum number of daily installments for Fixed STP and Flex STP under WhiteOak Capital Mid Cap Fund from 60 to 15, effective March 16, 2026.
Summary
WhiteOak Capital Asset Management Limited has issued an addendum to its Statement of Additional Information (SAI) announcing a reduction in the minimum number of installments for the Daily frequency under Fixed Systematic Transfer Plan (FSTP) and Flex Systematic Transfer Plan (Flex STP) for the WhiteOak Capital Mid Cap Fund on the BSE StAR MF platform. The change takes effect from March 16, 2026.
Key Points
- Minimum daily STP installments reduced from 60 to 15 for both Fixed STP and Flex STP under WhiteOak Capital Mid Cap Fund
- Change applies to the Daily frequency option only
- All other STP terms and conditions remain unchanged
- This addendum forms an integral part of the SAI of WhiteOak Capital Mutual Fund
- All other terms and conditions of the Scheme Information Document (SID) remain unchanged
Regulatory Changes
The minimum installment threshold for Daily Systematic Transfer Plan (both Fixed and Flex variants) under WhiteOak Capital Mid Cap Fund has been revised:
| Frequency | Existing Provision | Revised Provision |
|---|---|---|
| Daily | Minimum 60 installments | Minimum 15 installments |
Compliance Requirements
- BSE StAR MF platform participants and distributors should update their systems and processes to reflect the new minimum installment count of 15 for daily STP transactions under WhiteOak Capital Mid Cap Fund
- Investors placing new STP registrations from March 16, 2026 onward may opt for a minimum of 15 daily installments instead of the earlier 60
Important Dates
- March 13, 2026: Date of circular/addendum issuance
- March 16, 2026: Effective date of revised minimum installment provision
Impact Assessment
This change has a low market impact as it is a product-level administrative amendment to a single mutual fund scheme’s STP facility. The reduction in minimum installments from 60 to 15 for the daily frequency provides greater flexibility to investors wishing to make shorter-duration systematic transfers under WhiteOak Capital Mid Cap Fund. No impact is anticipated on trading, broader market operations, or other schemes of the fund house.
Impact Justification
Administrative change reducing the minimum daily STP installment count for a single mutual fund scheme; does not affect trading, listing, or broader market operations.