WhiteOak Capital Bkg & Fincl Svcs Reg Gr

All Cap

Equity

Financial Services

India Growth

Others

Emotionally driven Investor Profile

Investor Profile

1–7 yearsInvestment Horizon

HNI, UHNI, Retail Investor, Mass AffluentTarget Segments

SEBI registered equity mutual fund suitable for all investor categoriesRegulatory Fit

Whiteoak Capital Banking & Financial Services Fund Growth focuses on Indian banks and financial companies for stable returns.

What This Strategy Does

WhiteOak Capital Bkg & Fincl Svcs Reg Gr is an equity fund which captures India's ₹35 trillion financial services opportunity through a concentrated portfolio of banking and non-banking financial companies, deploying capital across lending, insurance, and capital markets to achieve broad-based earnings growth.

CW Expert Research Notes

Earnings Resilience

The fund has demonstrated consistent earnings delivery across cycles, outperforming its benchmark in 1 out of the past 11 years.

Sector Concentration

The fund's portfolio is heavily concentrated in the financial services sector at 98.99%, reflecting a high-conviction approach to capitalize on structural growth trends.

Valuation Opportunity

With the portfolio trading at a discount to historical averages and peers, the fund could benefit from an earnings recovery and multiple expansion in the financial services space.

Performance and Risk Analysis

Historical returns, volatility patterns, and how this fund has performed relative to its benchmark.

Fund Performance

4.8% AnnuallyAlpha

+0.0% vs +0.0% benchmarkSince Inception

+0.0% vs +0.0% benchmark3Y Annualized

+0.0% vs +0.0% benchmark5Y Annualized

WhiteOak Capital Bkg & Fincl Svcs Reg Gr

Benchmark Index

Benchmark Performance Comparison

Whiteoak Capital Banking & Financial Services Fund

NIFTY 50

Risk Profile

Standard Deviation20.3%

Maximum Drawdown-15.6% | Mar 2026

Sharpe Ratio0.25

Beta0.97

Upside Capture103%

Detailed Risks

Market Risk

Potential recession in India could dampen credit growth, impacting banking sector earnings.

Liquidity Risk

Elevated volatility could strain liquidity for mid-cap financial holdings, hindering rebalancing.

Concentration Risk

Concentrated in Indian banking/financials, vulnerable to asset quality deterioration or regulatory tightening.

Specific Strategy Risk

Fintech disruption or intensifying competition could pressure traditional banking business models.

Strategy Details

A closer look at the investment thesis, portfolio construction, and current holdings.

Core Investment Theme

Provides concentrated exposure to India's financial services sector—banks, insurers, and diversified lenders that drive economic growth. This theme captures the tailwinds of rising incomes, expanding credit markets, and increasing insurance penetration. The impact is leveraged participation in India's compounding consumer demand and business investment cycles, but with heightened volatility tied to credit conditions and regulatory shifts. Suitable for investors seeking high-growth potential balanced with active risk management.

Broader Market View

Market Outlook

Equity markets appear to be entering a mid-cycle phase, with consumption and earnings recovery gaining traction. This normalization backdrop, supported by trends like reviving capex and credit growth, offers an attractive entry point. However, risks such as margin pressures and cyclicality in sectors like consumer discretionary and industrials warrant a balanced approach.

Why This Strategy is Attractive Now

The strategy seems well-positioned to capitalize on the current environment through its diversified exposure across consumer, financial, and technology sectors. The portfolio's holdings in market leaders combined with a flexible, risk-adjusted approach appears aligned with the mid-cycle dynamics. With around 70 holdings and a moderate beta, the strategy stands to benefit from the normalization while maintaining an appropriate risk profile.

Investment Style & Process

Investment Style

The portfolio exhibits characteristics of a Quality Growth strategy, emphasizing companies with durable competitive advantages, consistent earnings growth, and reasonable valuations.

Why it Makes Sense

In the current environment of moderating economic growth and elevated uncertainty, a Quality Growth approach focused on resilient business models and prudent valuations appears well-positioned.

High-Level Investment Process

Sourcing: The strategy appears to source investment candidates from across the market capitalization spectrum, with a tilt towards larger, established companies. Selection: The selection process suggests a preference for companies with strong franchises, visible earnings streams, and attractive risk-adjusted return potential. Construction: Portfolio construction is consistent with a diversified, conviction-weighted approach that balances risk management with upside participation.

Portfolio Holdings Overview

SectoralAllocation

Financial Services99%

Technology1%

Geographic Allocation

Domestic100%

Top Stock Holdings

CompanySectorAllocation

ICICI Bank LtdFinancial Services12.94%

HDFC Bank LtdFinancial Services7.96%

Kotak Mahindra Bank LtdFinancial Services6.46%

Axis Bank LtdFinancial Services5.05%

State Bank of IndiaFinancial Services3.82%

Clearing Corporation Of India Ltd3.62%

Bajaj Finance LtdFinancial Services3.28%

Bajaj Finserv LtdFinancial Services3.17%

Five-Star Business Finance LtdFinancial Services2.69%

PNB Housing Finance LtdFinancial Services2.59%

Fund House Management

The asset management company’s track record, AUM scale, and fund manager credentials.

Fund Manager Track Record

Trupti Agrawal

Trupti Agrawal has experience of 4 years. Manages 56 funds at WhiteOak Capital Asset Management Limited with an AUM of approximately ₹11,159 Cr

68 years

Combined Team Experience

₹ 56,369 Cr

Assets Under Management

Ramesh Mantri

Co-Portfolio Manager

Mr. Ramesh Mantri has experience of 24 years. Manages 58 funds at WhiteOak Capital Asset Management Limited with an AUM of approximately ₹11,159 Cr Holds a M.B.A. degree.

Dheeresh Pathak

Co-Portfolio Manager

Mr. Dheeresh Pathak has experience of 20 years. Manages 56 funds at WhiteOak Capital Asset Management Limited with an AUM of approximately ₹11,159 Cr Holds a B.Com degree.

Ashish Agrawal

Co-Portfolio Manager

Ashish Agrawal has experience of 2 years. Manages 56 funds at WhiteOak Capital Asset Management Limited with an AUM of approximately ₹11,159 Cr

Piyush Baranwal

Co-Portfolio Manager

Mr. Piyush Baranwal has experience of 19 years. Manages 92 funds at WhiteOak Capital Asset Management Limited with an AUM of approximately ₹11,733 Cr Holds a PGDBM degree.

Ramesh Mantri

Co-Portfolio Manager

Mr. Ramesh Mantri has experience of 24 years. Manages 58 funds at WhiteOak Capital Asset Management Limited with an AUM of approximately ₹11,159 Cr Holds a M.B.A. degree.

Dheeresh Pathak

Co-Portfolio Manager

Mr. Dheeresh Pathak has experience of 20 years. Manages 56 funds at WhiteOak Capital Asset Management Limited with an AUM of approximately ₹11,159 Cr Holds a B.Com degree.

Ashish Agrawal

Co-Portfolio Manager

Ashish Agrawal has experience of 2 years. Manages 56 funds at WhiteOak Capital Asset Management Limited with an AUM of approximately ₹11,159 Cr

Piyush Baranwal

Co-Portfolio Manager

Mr. Piyush Baranwal has experience of 19 years. Manages 92 funds at WhiteOak Capital Asset Management Limited with an AUM of approximately ₹11,733 Cr Holds a PGDBM degree.

CW Expert Take

WhiteOak Capital brings disciplined frameworks to financial services investing. Their investment philosophy emphasizes process consistency, whether navigating equity markets or credit strategies. The fund house maintains rigorous research capabilities and a stable team that translates macro insights into risk-adjusted positioning across asset classes.

Firm Overview

Total AUM₹29,798.08 Cr

Investment Philosophy & Approach

Disciplined Approach

The fund house follows a disciplined investment approach focused on rigorous research.

Risk Management

Robust risk management framework with emphasis on portfolio diversification and downside protection.

Long-Term Mindset

Adopts a long-term investment horizon aligned with preserving and growing investor capital.

Operational & Regulatory Details

What it costs to invest, transaction mechanics, and regulatory disclosures you should know.

Costs and Fees

Total Expense Ratio (TER)2.74%

Exit Load1

Regulatory & Tax Information

INF03VN01852

ISIN

DailyDealing Frequency

Nifty Financial Services TR INRBenchmark

LTCG | >1Year 12.5%% on gain above 1.25 Lakh

STCG | <1Year 20%%

Tax Implications (India)