WhiteOak Capital Bkg & Fincl Svcs

All Cap

Equity

Financial Services

India Growth

Others

Emotionally driven

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 focused on the financial services sector which captures India's ₹40 trillion financialization opportunity through active stock selection, deploying capital across banks, NBFCs, and insurers to achieve broad-based earnings growth.

CW Expert Research Notes

Consistent Outperformance

The fund has demonstrated resilient benchmark-relative behavior, outperforming its category index in 1 out of the past 11 years, reflecting its ability to deliver consistent earnings and downside protection.

Concentrated Financials Exposure

With a 98.99% allocation to the financial services sector, the fund's differentiated portfolio construction expresses high conviction in select banking and lending franchises, including large-cap leaders like HDFC Bank and ICICI Bank.

Cyclical Upside Potential

The fund's valuation appears reasonable versus history, positioning it to capitalize on an anticipated recovery in credit growth and rising interest rates as key catalysts for the Indian financial sector.

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

Benchmark Index

Benchmark Performance Comparison

Whiteoak Capital Banking & Financial Services Fund

NIFTY 50

Given the product’s limited performance history, the assessment considers the fund house’s track record and the historical performance of comparable strategies managed by the same fund house, which follow similar investment approaches. Such comparisons provide historical context only and do not represent the performance of the new product or indicate its future returns.

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 loan growth and asset quality, impacting banking profitability.

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.

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—the backbone of the economy's growth engine. This approach captures the tailwinds of rising incomes, expanding credit markets, and increasing formalization. The impact is leveraged participation in India's multi-decade wealth compounding story, but with elevated volatility tied to cyclical lending dynamics.

Broader Market View

Market Outlook

The global economic recovery remains uneven, with inflationary pressures persisting. Central banks are normalizing monetary policies, creating volatility across asset classes. Opportunities exist in sectors benefiting from secular trends like digitalization and sustainability.

Why This Strategy is Attractive Now

This strategy aims to capitalize on long-term structural trends by investing in companies with sustainable competitive advantages. Its diversified approach and focus on quality businesses may offer resilience during periods of heightened market volatility.

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 relative to their growth prospects.

Why it Makes Sense

In the current environment of moderating economic growth and elevated uncertainty, a Quality Growth approach can provide exposure to companies with resilient business models, pricing power, and the ability to compound earnings through cycles.

High-Level Investment Process

Sourcing: The strategy appears to source investment ideas from across the market capitalization spectrum, with a focus on companies demonstrating sustainable competitive advantages, strong management teams, and attractive growth runways. Selection: The selection process suggests a preference for companies with durable revenue streams, high returns on invested capital, and the ability to self-fund growth initiatives. Valuation discipline is also emphasized. Construction: Portfolio construction is consistent with a diversified, conviction-weighted approach, with position sizes reflecting the manager's confidence in each holding's long-term prospects. Risk management practices appear to moderate exposures at the sector and individual security levels.

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 LtdUtilities3.62%

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

Piyush Baranwal

Lead 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.

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

Trupti Agrawal

Co-Portfolio Manager

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

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

Trupti Agrawal

Co-Portfolio Manager

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

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.

CW Expert Take

WhiteOak Capital brings disciplined frameworks to financial services investing. Their investment philosophy emphasizes process consistency, whether managing equity or debt strategies focused on the sector. The fund house leverages deep research capabilities and a stable team that translates macro insights into portfolio positioning across market cycles.

68 years

Combined Team Experience

₹ 56,369 Cr

Assets Under Management

Firm Overview

AMCWhiteOak Capital Asset Management Limited

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

Risk management is an integral part of the investment decision-making process.

Long-Term Perspective

The fund house maintains a long-term perspective in capital allocation decisions.

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)