WhiteOak Capital Banking & Financial Services Fund
Sectoral-BankingVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹12.50+0.03%1 day
- Return since launch
- 8.8%
- 52-week range
- ₹11.12 — ₹13.30
- AUM
- ₹665 Cr
WhiteOak Capital Banking & Financial Services Fund is a Sectoral-Banking equity fund from WhiteOak Capital Mutual Fund with ₹665 Cr under management, launched in 2024. The expense ratio is 2.74% and the SEBI riskometer reading is Very High.
Performance
WhiteOak Capital Banking & Financial Services Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +2.1% against +2.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -2.9% | −6.3 pts | 3.4% | -3.7% |
| 2Y | 2.8% | +0.4 pts | 2.4% | 2.0% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -5.5% | −0.5 pts | -5.0% | -3.9% |
| 3M | -2.9% | +0.5 pts | -3.5% | -3.4% |
| 6M | 8.6% | +1.2 pts | 7.4% | 7.3% |
| 1Y | 2.1% | −1.3 pts | 3.4% | 2.0% |
| 2Y | 2.3% | +0.9 pts | 1.4% | 1.2% |
Since launch (16 Jan 2024): 8.8%
Calendar-year returns
Category average14.1%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 14.1% | −4.5 pts | 18.6% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.75%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.06%
- Brokerage
- 0.08%
- Transaction charges
- 0.01%
- Statutory levies
- 0.60%
- Exit load
- Exit load of 1%, if redeemed within 1 month.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Financial Services TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
Portfolio
WhiteOak Capital Banking & Financial Services Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity99.0%
- Debt7.6%
Market cap split
- Large57.4%
- Mid14.6%
- Small28.1%
- P/E
- 17.52
- P/B
- 2.25
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 12.94% | ₹86.10 Cr | +12.31% | +10.98% | +20.57% |
| HDFC Bank Ltd. | Financial | 7.96% | ₹53.00 Cr | +11.62% | +12.35% | +3.60% |
| Kotak Mahindra Bank Ltd. | Financial | 6.46% | ₹43.01 Cr | +6.90% | +8.19% | +0.72% |
| State Bank of India | Financial | 6.20% | ₹41.29 Cr | +4.95% | +7.46% | +1.16% |
| Axis Bank Ltd. | Financial | 5.05% | ₹33.63 Cr | +3.74% | +5.65% | — |
| Bajaj Finance Ltd. | Financial | 3.28% | ₹21.81 Cr | +3.32% | +4.07% | +2.22% |
| Bajaj Finserv Ltd. | Financial | 3.17% | ₹21.11 Cr | +3.04% | +4.12% | +4.81% |
| Five-Star Business Finance Ltd. | Financial | 2.69% | ₹17.92 Cr | +2.37% | +0.97% | — |
| PNB Housing Finance Ltd. | Financial | 2.59% | ₹17.26 Cr | +2.61% | +1.68% | — |
| IIFL Finance Ltd. | Financial | 2.58% | ₹17.14 Cr | +1.02% | — | — |
| Multi Commodity Exchange Of India Ltd. | Services | 2.38% | ₹15.85 Cr | +2.32% | +1.26% | +1.61% |
| Ujjivan Small Finance Bank Ltd. | Financial | 2.10% | ₹13.97 Cr | +1.73% | +2.11% | +0.97% |
| Max Financial Services Ltd. | Financial | 2.06% | ₹13.69 Cr | +2.10% | +2.97% | +2.06% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 1.86% | ₹12.40 Cr | +1.73% | — | +0.95% |
| Shriram Finance Ltd | Financial | 1.84% | ₹12.26 Cr | +2.17% | +4.69% | — |
| City Union Bank Ltd. | Financial | 1.80% | ₹11.96 Cr | +1.88% | +1.40% | +1.12% |
| Aditya Birla Capital Ltd. | Financial | 1.75% | ₹11.64 Cr | +1.74% | +2.60% | — |
| PB Fintech Ltd. | Services | 1.65% | ₹11.00 Cr | +3.32% | +2.53% | +5.21% |
| Canara HSBC Life Insurance Company Ltd. | Insurance | 1.59% | ₹10.57 Cr | +1.58% | +1.66% | — |
| Aye Finance Ltd. | Financial | 1.51% | ₹10.08 Cr | +0.83% | — | — |
| OnEMI Technology Solutions Ltd. | Financial | 1.51% | ₹10.02 Cr | +2.43% | — | — |
| BSE Ltd. | Services | 1.37% | ₹9.11 Cr | +3.18% | +2.40% | — |
| Cholamandalam Financial Holdings Ltd. | Financial | 1.30% | ₹8.63 Cr | +0.76% | — | +1.64% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 1.24% | ₹8.27 Cr | — | — | — |
| Bajaj Holdings & Investment Ltd. | Financial | 1.24% | ₹8.27 Cr | +1.24% | +1.37% | — |
| Repco Home Finance Ltd. | Financial | 1.22% | ₹8.13 Cr | +1.94% | +1.95% | — |
| SBI Life Insurance Company Ltd. | Insurance | 1.21% | ₹8.04 Cr | +1.26% | +1.17% | +0.93% |
| The Federal Bank Ltd. | Financial | 1.14% | ₹7.56 Cr | +1.03% | +1.09% | — |
| Indusind Bank Ltd. | Financial | 1.03% | ₹6.87 Cr | +0.54% | — | — |
| SBI Funds Management Ltd. | Financial | 0.98% | ₹6.54 Cr | — | — | — |
| Fusion Finance Ltd. | Financial | 0.97% | ₹6.48 Cr | +0.75% | — | — |
| company:8781 | Financial | 0.97% | ₹6.43 Cr | — | — | +0.51% |
| Reserve Bank of India | Financial | 0.91% | ₹6.05 Cr | +0.67% | +0.68% | +0.68% |
| Aavas Financiers Ltd. | Financial | 0.89% | ₹5.94 Cr | +0.96% | +0.71% | — |
| Care Ratings Ltd. | Services | 0.89% | ₹5.93 Cr | +0.72% | +0.73% | +2.12% |
| Nifty Bank | Financial | 0.89% | ₹5.90 Cr | +1.05% | +2.32% | +1.58% |
| Billionbrains Garage Ventures Ltd. | Financial | 0.88% | ₹5.89 Cr | +0.96% | — | — |
| National Securities Depository Ltd | Financial | 0.88% | ₹5.84 Cr | +0.98% | +1.13% | +3.80% |
| 360 One Wam Ltd. | Financial | 0.86% | ₹5.72 Cr | +0.75% | — | — |
| Manappuram Finance Ltd. | Financial | 0.82% | ₹5.44 Cr | +0.88% | +0.67% | +0.74% |
| Aadhar Housing Finance Ltd | Financial | 0.74% | ₹4.93 Cr | +1.00% | +1.96% | +3.40% |
| Bank of India | Financial | 0.73% | ₹4.87 Cr | — | — | — |
| HDFC Life Insurance Co Ltd. | Insurance | 0.72% | ₹4.82 Cr | +0.73% | — | +1.64% |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 0.71% | ₹4.74 Cr | — | — | — |
| Computer Age Management Services Ltd. | Services | 0.71% | ₹4.73 Cr | — | — | +4.97% |
| Tata Capital Ltd. | Financial | 0.69% | ₹4.60 Cr | +0.65% | +0.72% | — |
| One97 Communications Ltd. | Services | 0.66% | ₹4.42 Cr | +0.49% | +1.23% | +0.93% |
| Power Finance Corporation Ltd. | Financial | 0.66% | ₹4.41 Cr | +2.14% | +1.12% | +1.09% |
| Prudent Corporate Advisory Services Ltd. | Financial | 0.62% | ₹4.14 Cr | +0.52% | — | — |
| The South Indian Bank Ltd. | Financial | 0.62% | ₹4.14 Cr | +0.79% | +0.53% | +1.02% |
| CSB Bank Ltd. | Financial | 0.34% | ₹2.29 Cr | +0.51% | — | +0.67% |
| Edelweiss Financial Services Ltd. | Financial | 0.00% | ₹0.02 Cr | 0.00% | 0.00% | +0.63% |
| Others | Others | -2.98% | ₹-19.81 Cr | +9.60% | +9.58% | +12.80% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| HDFC Bank Ltd. | 10.60% | 7.96% | -2.63% |
| Axis Bank Ltd. | 3.12% | 5.05% | +1.93% |
| Power Finance Corporation Ltd. | 2.37% | 0.66% | -1.71% |
| Others | 4.73% | 3.62% | -1.11% |
| LIC Housing Finance Ltd. | 0.98% | 0.00% | -0.98% |
| company:8781 | 0.00% | 0.97% | +0.97% |
| Multi Commodity Exchange Of India Ltd. | 1.86% | 2.38% | +0.52% |
| Mahindra & Mahindra Financial Services Ltd. | 0.80% | 1.24% | +0.44% |
| Aye Finance Ltd. | 1.15% | 1.51% | +0.36% |
| OnEMI Technology Solutions Ltd. | 1.86% | 1.51% | -0.35% |
| Cholamandalam Financial Holdings Ltd. | 0.95% | 1.30% | +0.34% |
| Bajaj Finance Ltd. | 3.61% | 3.28% | -0.33% |
| Kotak Mahindra Bank Ltd. | 6.13% | 6.46% | +0.33% |
| CSB Bank Ltd. | 0.65% | 0.34% | -0.30% |
| Repco Home Finance Ltd. | 1.49% | 1.22% | -0.26% |
| ICICI Lombard General Insurance Company Ltd. | 0.50% | 0.71% | +0.21% |
| Max Financial Services Ltd. | 1.85% | 2.06% | +0.21% |
| Fusion Finance Ltd. | 0.79% | 0.97% | +0.18% |
| Shriram Finance Ltd | 2.02% | 1.84% | -0.18% |
| ICICI Bank Ltd. | 12.77% | 12.94% | +0.17% |
| PNB Housing Finance Ltd. | 2.42% | 2.59% | +0.17% |
| City Union Bank Ltd. | 1.65% | 1.80% | +0.15% |
| PB Fintech Ltd. | 1.20% | 1.34% | +0.14% |
| BSE Ltd. | 1.25% | 1.11% | -0.14% |
| One97 Communications Ltd. | 0.53% | 0.66% | +0.13% |
| SBI Life Insurance Company Ltd. | 1.33% | 1.21% | -0.12% |
| Ujjivan Small Finance Bank Ltd. | 2.22% | 2.10% | -0.12% |
| Five-Star Business Finance Ltd. | 2.81% | 2.69% | -0.12% |
| IIFL Finance Ltd. | 2.47% | 2.58% | +0.10% |
| Manappuram Finance Ltd. | 0.91% | 0.82% | -0.09% |
| Aavas Financiers Ltd. | 0.98% | 0.89% | -0.09% |
| Bajaj Finserv Ltd. | 3.25% | 3.17% | -0.08% |
| Canara HSBC Life Insurance Company Ltd. | 1.52% | 1.59% | +0.07% |
| Aadhar Housing Finance Ltd | 0.80% | 0.74% | -0.06% |
| Prudent Corporate Advisory Services Ltd. | 0.57% | 0.62% | +0.05% |
| SBI Funds Management Ltd. | 1.02% | 0.98% | -0.04% |
| The Federal Bank Ltd. | 1.17% | 1.14% | -0.03% |
| Cholamandalam Investment and Finance Company Ltd. | 1.89% | 1.86% | -0.03% |
| Billionbrains Garage Ventures Ltd. | 0.91% | 0.88% | -0.03% |
| The South Indian Bank Ltd. | 0.65% | 0.62% | -0.03% |
| HDFC Life Insurance Co Ltd. | 0.75% | 0.72% | -0.02% |
| National Securities Depository Ltd | 0.90% | 0.88% | -0.02% |
| Indusind Bank Ltd. | 1.05% | 1.03% | -0.02% |
| Reserve Bank of India | 0.92% | 0.91% | -0.01% |
| Computer Age Management Services Ltd. | 0.44% | 0.43% | -0.01% |
| Aditya Birla Capital Ltd. | 1.76% | 1.75% | -0.01% |
| Nifty Bank | 0.90% | 0.89% | -0.01% |
| Tata Capital Ltd. | 0.70% | 0.69% | -0.01% |
| Bajaj Holdings & Investment Ltd. | 1.23% | 1.24% | +0.01% |
| Care Ratings Ltd. | 0.90% | 0.89% | -0.01% |
| 360 One Wam Ltd. | 0.35% | 0.36% | +0.01% |
| Bank of India | 0.73% | 0.73% | 0.00% |
| State Bank of India | 2.39% | 2.39% | 0.00% |
| Edelweiss Financial Services Ltd. | 0.00% | 0.00% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹2,982 Cr | 2.23% | -0.6% | 8.8% | 12.4% |
 SBI Banking & Financial Services Fund | ₹10,873 Cr | 2.16% | -7.2% | 6.8% | 11.6% |
 Invesco India Financial Services Fund | ₹1,896 Cr | 2.19% | -3.1% | 7.8% | 13.2% |
 Bandhan Financial Services Fund | ₹1,122 Cr | 2.49% | -2.7% | 5.5% | — |
 Quant BFSI Fund | ₹922 Cr | 3.48% | 14.7% | 15.3% | — |
 Kotak Nifty Financial Services Ex-Bank Index Fund | ₹99.18 Cr | 0.83% | -4.7% | 8.6% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The Scheme is to provide long-term capital appreciation by investing predominantly in equity and equity related instruments of banks & companies engaged in Financial Services Sector.
Fund managers
- Ashish AgrawalPGDBM in Finance from Institute of Management Technology, Ghaziabad and Bachelor of Commerce from University of LucknowPrior to joining Whiteoak Capital AMC, he was working with Motilal Owal Asset Management Co. Ltd from 2016 till date. Citigroup Global Markets Ltd from 2010 to 2016
- Dheeresh PathakMr. Pathak has done B.E in Electronics Engineering and a PGDBM from MDI GurgaonPrior to joining WhiteOak Capital Mutual Fund, he has worked with Goldman Sachs
- Piyush BaranwalMr.Piyush Baranwal is a B. Tech. in Electronics and communication from Manipal Institute of Technology,Manipal.He completed PGDBM in Finance from S.P.Jain Institute of Management and Reserch and CFA.Prior to joining WhiteOak Capital Mutual Fund he has worked with BOI AXA, Morgan Stanley Investment Management (Jan, 2011-June, 2014) and Principal Pnb AMC as a Dealer- Fixed Income (May, 2008-Jan, 2011).
- Ramesh MantriMr. Mantri is an MBA, CFA and CAPrior to joining WhiteOak Capital Mutual Fund, he has worked with WhiteOak Capital Management, Ashoka Capital Advisers, Smith Management, and CRISIL.
- Trupti AgrawalMs. Agrawal has done B.Com and CA.Prior to joining WhiteOak Capital Mutual Fund, she has worked with L&T Infrastructure Finance Co. Ltd. and Ernst & Young.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months8.56% absolute | ₹60,000 | ₹65,136 | 8.56% | |
| 1 year2.13% annualised | ₹1,20,000 | ₹1,21,394 | 1.16% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of WhiteOak Capital Banking & Financial Services Fund?
The NAV of WhiteOak Capital Banking & Financial Services Fund is ₹12.50 as on 25 Sep 2026.
What is the expense ratio of WhiteOak Capital Banking & Financial Services Fund?
The expense ratio of WhiteOak Capital Banking & Financial Services Fund is 2.74% per year.
What is the minimum SIP amount for WhiteOak Capital Banking & Financial Services Fund?
You can start a SIP in WhiteOak Capital Banking & Financial Services Fund with ₹3,000 a month.
Is there a lock-in or exit load on WhiteOak Capital Banking & Financial Services Fund?
Lock-in: None. Exit load: Exit load of 1%, if redeemed within 1 month..
How risky is WhiteOak Capital Banking & Financial Services Fund?
WhiteOak Capital Banking & Financial Services Fund is rated Very High on the SEBI riskometer and belongs to the Sectoral-Banking category.
Which fund house manages WhiteOak Capital Banking & Financial Services Fund?
WhiteOak Capital Banking & Financial Services Fund is managed by WhiteOak Capital Mutual Fund, which runs 22 schemes with ₹37,389 Cr under management.