Description

NSE informs members that WhiteOak Mutual Fund has revised the minimum number of instalments for Fixed STP and Flex STP under WhiteOak Capital Mid Cap Fund (daily frequency) from 60 to 15, effective March 16, 2026.

Summary

NSE’s NMF TM Segment has notified all members of a change in the minimum number of instalments under the Systematic Transfer Plan (STP) for WhiteOak Capital Mid Cap Fund on the NSE MF Invest platform. Effective March 16, 2026, the minimum instalment count for daily frequency Fixed STP (FSTP) and Flex STP has been reduced from 60 to 15.

Key Points

  • WhiteOak Capital Asset Management Limited has issued an addendum to its Statement of Additional Information (SAI) revising the minimum STP instalment requirement.
  • The revision applies to both Fixed Systematic Transfer Plan (FSTP) and Flex Systematic Transfer Plan (Flex STP) under WhiteOak Capital Mid Cap Fund.
  • Only the daily frequency STP is affected; minimum instalments reduced from 60 to 15.
  • All other terms and conditions of the STP facility, Scheme Information Document (SID), and SAI remain unchanged.
  • The change applies specifically to the NSE MF Invest platform.

Regulatory Changes

An addendum to the SAI of WhiteOak Capital Mutual Fund has been issued by WhiteOak Capital Asset Management Limited (CIN: U65990MH2017PLC294178), revising the minimum number of daily STP instalments from 60 to 15 for WhiteOak Capital Mid Cap Fund.

Compliance Requirements

  • Members on the NSE MF Invest platform should update their systems and client-facing interfaces to reflect the new minimum instalment count of 15 for daily STP transactions in WhiteOak Capital Mid Cap Fund.
  • No action is required for existing STP mandates; only new registrations will be subject to the revised minimum.

Important Dates

  • March 13, 2026: Circular issued by NSE; addendum dated by WhiteOak Capital Asset Management Limited.
  • March 16, 2026: Effective date for the revised minimum instalment number (15 instalments for daily frequency STP).

Impact Assessment

The impact is limited and operational in nature. Investors and distributors using the NSE MF Invest platform for daily STP in WhiteOak Capital Mid Cap Fund will benefit from greater flexibility, as the minimum commitment is reduced from 60 to 15 instalments. This lowers the barrier to entry for daily STP registrations in this scheme and may marginally increase participation. There is no impact on existing STP mandates or other mutual fund schemes.

Impact Justification

Routine operational change reducing the minimum STP instalment count for a single mutual fund scheme; affects only investors using daily STP in WhiteOak Capital Mid Cap Fund on the NSE MF Invest platform.