Two fund houses WhiteOak Capital and Samco are set to launch special opportunities funds next week. Kotak MF has also filed papers with the regulator to launch a scheme in the same category.
"Though the strategy makes sense at all times, there can be an added advantage right now if the election results lead to higher volatility," said Umeshkumar Mehta, CIO, Samco Mutual Fund. Special opportunities funds are thematic equity schemes, which have complete flexibility across market capitalisation and sectors. According to MF officials, though they are similar to flexicap funds on paper, the approach is completely different.
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