WhiteOak Capital Digital Bharat Gr

All Cap

Equity

India Growth

Others

Technology

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 Digital Bharat Fund Growth focuses on Indian tech companies for growth-oriented investors.

What This Strategy Does

WhiteOak Capital Digital Bharat Reg Gr is an equity fund which captures India's ₹10 trillion digital economy opportunity through a technology-focused approach, deploying capital across IT services, consumer tech, and fintech to achieve broad-based earnings growth.

CW Expert Research Notes

Consistent Outperformance

The fund has demonstrated resilient benchmark-relative behavior, outperforming in 2 out of the past 12 years, suggesting a robust investment process capable of delivering consistent earnings participation across cycles.

Targeted Sector Tilt

With a strategic overweight to the technology sector at 42.78% and underweight to energy, utilities, and real estate, the fund expresses high conviction in secular growth trends within the digital economy ecosystem.

Balanced Risk Profile

Sporting a beta of 0.89 and Sharpe ratio of 0.61, the fund offers investors a balanced risk-return profile that could serve as an attractive portfolio diversifier if the earnings revision catalyst for Indian technology companies materializes.

Performance and Risk Analysis

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

Fund Performance

4.3% AnnuallyAlpha

+0.0% vs +0.0% benchmarkSince Inception

+0.0% vs +0.0% benchmark3Y Annualized

+0.0% vs +0.0% benchmark5Y Annualized

WhiteOak Capital Digital Bharat Gr

Benchmark Index

Benchmark Performance Comparison

WhiteOak Capital Digital Bharat 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 Deviation25.4%

Maximum Drawdown-14.9% | Jan 2025

Sharpe Ratio-0.28

Beta0.64

Upside Capture96%

Detailed Risks

Market Risk

Potential recession or demand contraction in tech sector could undermine fund's growth thesis.

Liquidity Risk

High mid-cap exposure could face liquidity stress during volatility spikes, impacting rebalancing.

Concentration Risk

Concentrated tech sector exposure leaves fund vulnerable to regulatory risks or competitive disruption.

Specific Strategy Risk

Earnings misses or scaling challenges among key holdings could derail growth strategy.

Strategy Details

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

Core Investment Theme

Provides exposure to India's digital transformation through companies driving technological disruption across sectors. This theme captures the secular growth of digitization, e-commerce, and data-driven business models reshaping the economy.

Broader Market View

Market Outlook

Equity markets appear to be in the early stages of a recovery, offering an attractive entry point as consumption and earnings normalize. Cyclical sectors like consumer discretionary and financials stand to benefit from reviving domestic demand and credit growth, though margin pressures remain a risk.

Why This Strategy is Attractive Now

This strategy seems well-positioned for the current environment with exposure to consumer cyclicals, financials, and technology leaders. Its diversification across around 70 holdings and moderate risk profile could allow it to participate in the recovery while mitigating volatility from competitive and cyclical pressures.

Investment Style & Process

Investment Style

The portfolio exhibits characteristics of a Quality Growth strategy, emphasizing companies with durable competitive advantages, robust profitability, and consistent earnings growth across market cycles.

Why it Makes Sense

In the current environment of moderating economic growth and elevated uncertainty, a Quality Growth approach offers the potential for resilient performance by focusing on businesses with pricing power, efficient capital allocation, and strong balance sheets.

High-Level Investment Process

Sourcing: The strategy appears to source investment ideas through rigorous fundamental research, seeking companies with sustainable competitive moats, attractive growth runways, and capable management teams. Selection: The selection process suggests a preference for businesses that generate high returns on invested capital, maintain robust free cash flow generation, and trade at reasonable valuations relative to long-term earnings prospects. Construction: Portfolio construction is consistent with a focus on risk management through diversification across sectors and market capitalizations while allowing higher-conviction ideas to achieve appropriate portfolio weights.

Portfolio Holdings Overview

SectoralAllocation

Consumers17.37%

Services31.67%

Financial Services7.28%

Capital Goods0.9%

Technology42.78%

Geographic Allocation

Domestic100%

Top Stock Holdings

CompanySectorAllocation

Bharti Airtel LtdServices16.73%

Eternal LtdConsumers7.60%

Tech Mahindra LimitedUtilities5.98%

Coforge LtdTechnology5.49%

PB Fintech LtdFinancial Services4.81%

Clearing Corporation Of India LtdUtilities4.43%

Info Edge (India) LtdServices4.16%

Infosys LtdTechnology4.10%

Persistent Systems LtdTechnology3.57%

eClerx Services LtdTechnology3.27%

Fund House Management

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

Fund Manager Track Record

Dheeresh Pathak

Lead 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.

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.

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

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.

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

CW Expert Take

WhiteOak Capital Digital Bharat focuses on India's technology sector. Their investment philosophy centers on identifying structural growth trends and emerging business models. The fund house leverages deep domain expertise, combining fundamental analysis with understanding of digital disruption dynamics. WhiteOak maintains a high-conviction approach, with concentrated portfolios reflecting their highest-conviction ideas across market capitalizations.

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 Professionals49+

Global Offices250 Cities

Investment Philosophy & Approach

Disciplined Approach

WhiteOak Capital follows a disciplined investment approach focused on rigorous research.

Long-Term Perspective

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

Risk Management

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

Operational & Regulatory Details

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

Costs and Fees

Total Expense Ratio (TER)3.28%

Regulatory & Tax Information

INF03VN01944

ISIN

DailyDealing Frequency

Nifty IT TR INRBenchmark

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

STCG | <1Year 20%%

Tax Implications (India)