Whiteoak Capital Research select Equity
A research-driven, actively managed Indian equity portfolio focused on long-term capital appreciation through selective investments across market capitalisations and sectors.
What This Strategy Does
Role in a Diversified Portfolio
CW Expert Research Notes
Performance and Risk Analysis
Historical returns, volatility patterns, and how this fund has performed relative to its benchmark.
Benchmark Performance Comparison
Detailed Risks
Market Risk
Potential recession or demand contraction in India could undermine earnings growth, triggering portfolio underperformance versus benchmark.
Disclaimer: Portfolio Management Services are also subject to market risks and there is no assurance or guarantee that the objectives of the Portfolio Strategy will be achieved. Investors are advised to read the Disclosure Document, Client Agreement, and other related documents carefully before investing. Minimum Investment required for PMS is ₹50 Lakhs. Baker Street Fintech Pvt. Ltd. is registered with APMI with Registration No.: APRN-01683
Strategy Details
A closer look at the investment thesis, portfolio construction, and current holdings.
Core Investment Theme
The core opportunity is identifying quality businesses before their intrinsic value is fully reflected in the market price. WhiteOak looks for businesses with scalable long term opportunities, sustainable competitive advantages, strong returns on capital, execution capability and sound governance, while requiring a meaningful valuation discount to intrinsic value before investing.
Broader Market View
Market Outlook
Why This Strategy is Attractive Now
Investment Style & Process
Investment Style
Why it Makes Sense
High-Level Investment Process
Portfolio Holdings Overview
Top Stock Holdings
Fund House Management
The asset management company’s track record, AUM scale, and fund manager credentials.
Fund Manager Track Record
Parag Jariwala
Lead Portfolio Manager
Mr. Parag Jariwala manages WhiteOak Capital's Research Select Equity PMS Strategy. He builds the portfolio around a "best ideas of the research team" mandate — deliberately avoiding top-down biases toward growth, value, or contra-cyclical calls, and steering clear of thematic tilts like domestic-vs-export or defensive-vs-cyclical. This unconstrained, research-first construction lets him draw the strategy's holdings purely from bottom-up conviction across sectors and market caps, backed by WhiteOak's broader OpcoFinco research framework and in-house sector coverage.
Manager's Investment Philosophy
Parag Jariwala follows a fundamental, bottom-up and valuation-conscious investment approach, focusing on understanding the underlying economics of a business rather than relying on short-term market movements or macro forecasts. His philosophy emphasises identifying businesses with strong competitive positioning, capable management, sustainable earnings potential and attractive return on capital, and investing when the market price does not fully reflect the business’s long-term value. The approach is style-agnostic and research-intensive, with stock selection driven by the gap between a company’s intrinsic value and its prevailing market valuation.
Aashish P Somaiyaa
Co-Portfolio ManagerAashish P. Somaiyaa is the Chief Executive Officer (CEO) of WhiteOak Capital Asset Management Limited. He has over 25 years of experience in the asset management industry, specialising in business strategy, sales and distribution, product development, marketing and business management. Before joining WhiteOak Capital in 2020, he served as Managing Director and CEO of Motilal Oswal Asset Management Company for nearly eight years, where he helped expand its equity assets across mutual funds, portfolio management services (PMS) and alternative investment funds (AIFs). Earlier, he headed retail business and sales and distribution at ICICI Prudential AMC, covering mutual funds, PMS and real estate offerings across India and the Middle East. He holds a Bachelor of Engineering in Polymer Science from Pune University and a Master’s in Management Studies in Finance from NMIMS, Mumbai University.
CW Expert Take
WhiteOak Capital Research Select Equity Portfolio reflects the fund house's focus on fundamental research and concentrated positioning. Their investment philosophy centers on identifying high-quality franchises through rigorous bottom-up analysis. The fund maintains a multi-cap approach with overweights in financials and IT, reflecting conviction in structural growth drivers. WhiteOak leverages proprietary frameworks to assess business economics and governance standards across their equity and debt strategies.
Firm Overview
WhiteOak Capital Asset Management Limited is the investment manager of WhiteOak Capital Mutual Fund, sponsored by GPL Finance and Investments Private Limited (now sole sponsor, after YES Bank's exit), with WhiteOak Capital Trustee Limited as trustee. The fund was formerly YES Mutual Fund. It is part of WhiteOak Capital Group, which has investment research teams in India, Singapore and Spain and sales offices in Switzerland, the UAE and the UK (secondary source). Group companies in India also run PMS/AIF via White Oak Capital Management LLP.
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
Regulatory & Tax Information
STCG | <12 Months 20%
LTCG | >>12 Months 12.5% on gain above 1.25 Lakh
Tax Implications (India)