WhiteOak Capital Special Opportunities Fund

All Cap

Diversified

Equity

India Super Value

Others

Aggressive growth 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 Special Opportunities Fund Growth focuses on high-growth Indian companies for wealth creation.

What This Strategy Does

WhiteOak Capital Special Opps Reg Gr is an equity fund which captures India's ₹200+ trillion opportunity set through a multi-cap, sector-agnostic approach, deploying capital across financials, industrials, and consumer sectors to achieve broad-based earnings growth.

CW Expert Research Notes

Resilient Downside Protection

The fund has demonstrated resilience across market cycles, outperforming its benchmark in 10 of the past 12 years, suggesting a consistent ability to deliver downside protection.

Concentrated Conviction Bets

The fund's investment process is characterized by a concentrated portfolio with high conviction bets, exemplified by its overweight positions in industrials and financials, including top holdings like Reliance Industries and HDFC Bank.

Cyclical Earnings Catalyst

The fund's positioning in cyclical sectors like industrials and financials could benefit from a potential capex cycle recovery and earnings revisions, while its valuation appears reasonable versus historical levels.

Performance and Risk Analysis

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

Fund Performance

0.0% AnnuallyAlpha

+0.0% vs +0.0% benchmarkSince Inception

+0.0% vs +0.0% benchmark3Y Annualized

+0.0% vs +0.0% benchmark5Y Annualized

WhiteOak Capital Special Opportunities Fund

Benchmark Index

Benchmark Performance Comparison

Whiteoak Capital Special Opportunities Fund

NIFTY 50

Risk Profile

Standard Deviation19.1%

Sharpe Ratio0.10

Detailed Risks

Market Risk

Potential recession triggered by high inflation could dampen consumer demand, impacting mid-cap holdings.

Liquidity Risk

High mid-cap exposure could face liquidity stress during market sell-offs, hindering rebalancing.

Concentration Risk

Concentrated mid-cap holdings face earnings risks from rising input costs, mitigated by diversification.

Specific Strategy Risk

Regulatory changes to sector policies could impact specific mid-cap holdings' growth prospects.

Strategy Details

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

Core Investment Theme

Provides exposure to India's entrepreneurial energy before institutional capital discovers it. Small caps offer the highest growth potential but demand patience through volatility cycles. The long-term impact is dramatic wealth creation—historical data shows sustained small-cap investing has generated life-changing returns, but requires conviction to stay invested through sharp drawdowns.

Broader Market View

Market Outlook

Equity markets appear to be entering a recovery phase following the recent correction, presenting an opportune entry point. Macro tailwinds such as consumption revival, earnings normalization, and capex growth are aligning with the strategy's tilt towards consumer, financial services, and technology sectors. While competitive pressures and cyclicality pose risks, the present backdrop seems conducive.

Why This Strategy is Attractive Now

The strategy's balanced exposure across consumer cyclicals, defensives, financials, and technology appears well-positioned. The portfolio's diversification across around 70 holdings, including market leaders, moderate beta, and flexibility to adapt could allow it to capitalize on the recovery. With its risk-aware positioning and growth-stability mix, the strategy stands to potentially benefit from broadening economic tailwinds.

Investment Style & Process

Investment Style

The portfolio exhibits characteristics of a Quality Growth approach, emphasizing companies with durable competitive advantages, robust profitability, and consistent growth trajectories across market capitalizations.

Why it Makes Sense

In the current environment of moderating economic growth and elevated valuations, a Quality Growth strategy appears well-positioned to capitalize on secular growth opportunities while maintaining a degree of defensive characteristics.

High-Level Investment Process

Sourcing: The strategy appears to source investment candidates from a broad universe, emphasizing companies with sustainable competitive advantages, pricing power, and strong balance sheets. Selection: The selection process suggests a preference for businesses with attractive growth runways, high returns on capital, and reasonable valuations relative to growth prospects. Construction: Portfolio construction is consistent with a focus on diversification across sectors and market capitalizations while maintaining a bias towards quality growth characteristics.

Portfolio Holdings Overview

SectoralAllocation

Capital Goods32.19%

Technology4.23%

Consumers18.5%

Financial Services28.84%

Services11.32%

Energy & Infra3.77%

Utilities1.16%

Geographic Allocation

Domestic100%

Top Stock Holdings

CompanySectorAllocation

HDFC Bank LtdFinancial Services4.26%

ICICI Bank LtdFinancial Services3.80%

Bharti Airtel LtdServices3.53%

State Bank Of IndiaUtilities2.95%

Clearing Corporation Of India LtdUtilities2.50%

Mahindra & Mahindra LtdConsumers2.41%

Bharat Electronics LtdCapital Goods2.33%

Titan Co LtdConsumers2.25%

Nestle India LtdConsumers2.24%

Adani Ports & Special Economic Zone LtdCapital Goods2.06%

Fund House Management

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

Fund Manager Track Record

Ashish Agrawal

Ashish Agrawal has experience of 1 years. Manages 48 funds at WhiteOak Capital Asset Management Limited with an AUM of approximately ₹11,159 Cr

66 years

Combined Team Experience

₹ 56,369 Cr

Assets Under Management

Piyush Baranwal

Co-Portfolio Manager

Mr. Piyush Baranwal has experience of 18 years. Manages 86 funds at WhiteOak Capital Asset Management Limited with an AUM of approximately ₹11,733 Cr Holds a PGDBM degree.

Trupti Agrawal

Co-Portfolio Manager

Trupti Agrawal has experience of 4 years. Manages 50 funds at WhiteOak Capital Asset Management Limited with an AUM of approximately ₹11,159 Cr

Dheeresh Pathak

Co-Portfolio Manager

Mr. Dheeresh Pathak has experience of 19 years. Manages 50 funds at WhiteOak Capital Asset Management Limited with an AUM of approximately ₹11,159 Cr Holds a B.Com degree.

Ramesh Mantri

Co-Portfolio Manager

Mr. Ramesh Mantri has experience of 23 years. Manages 52 funds at WhiteOak Capital Asset Management Limited with an AUM of approximately ₹11,159 Cr Holds a M.B.A. degree.

Piyush Baranwal

Co-Portfolio Manager

Mr. Piyush Baranwal has experience of 18 years. Manages 86 funds at WhiteOak Capital Asset Management Limited with an AUM of approximately ₹11,733 Cr Holds a PGDBM degree.

Trupti Agrawal

Co-Portfolio Manager

Trupti Agrawal has experience of 4 years. Manages 50 funds at WhiteOak Capital Asset Management Limited with an AUM of approximately ₹11,159 Cr

Dheeresh Pathak

Co-Portfolio Manager

Mr. Dheeresh Pathak has experience of 19 years. Manages 50 funds at WhiteOak Capital Asset Management Limited with an AUM of approximately ₹11,159 Cr Holds a B.Com degree.

Ramesh Mantri

Co-Portfolio Manager

Mr. Ramesh Mantri has experience of 23 years. Manages 52 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 Special Opps Reg Gr applies a concentrated, high-conviction approach to equity investing. Their portfolio reflects a willingness to take differentiated positions based on rigorous fundamental research. The fund house maintains a disciplined investment process while actively managing sector and market cap exposures. With a focus on special situations, they seek to identify mispriced opportunities across the market capitalization spectrum.

Firm Overview

Total AUM₹29,798.08 Cr

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

WhiteOak Capital emphasizes robust risk management practices in portfolio construction.

Operational & Regulatory Details

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

Costs and Fees

Total Expense Ratio (TER)3.54%

Regulatory & Tax Information

INF03VN01894

ISIN

DailyDealing Frequency

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

STCG | <1Year 20%%

Tax Implications (India)