WhiteOak Capital Banking & Financial Services Fund
Sectoral-BankingVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹13.10+0.58%1 day
- Return since launch
- 10.0%
- 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 2.72% 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 +1.7% against +2.0% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.3% | +3.1 pts | 2.2% | 6.9% |
| 2Y | 6.9% | −0.2 pts | 7.1% | 7.4% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 5.8% | −1.3 pts | 7.1% | 7.0% |
| 3M | -0.7% | −1.8 pts | 1.1% | 2.1% |
| 6M | 5.3% | −0.8 pts | 6.1% | 6.7% |
| 1Y | 1.7% | −0.6 pts | 2.2% | 2.0% |
| 2Y | 7.6% | +0.3 pts | 7.3% | 6.9% |
Since launch (16 Jan 2024): 10.0%
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 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.05%
- Brokerage
- 0.08%
- Transaction charges
- 0.01%
- Statutory levies
- 0.61%
- 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 30 Sep 2026
Asset allocation
- Equity92.8%
- Debt7.4%
Market cap split
- Large57.7%
- Mid14.1%
- Small28.2%
- P/E
- 16.34
- P/B
- 2.10
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 11.77% | ₹78.26 Cr | +11.53% | +11.27% | +19.20% |
| HDFC Bank Ltd. | Financial | 7.97% | ₹52.98 Cr | +10.66% | +10.45% | +1.74% |
| Kotak Mahindra Bank Ltd. | Financial | 6.43% | ₹42.77 Cr | +5.81% | +7.82% | +7.86% |
| State Bank of India | Financial | 5.65% | ₹37.58 Cr | +4.50% | +6.82% | +14.36% |
| Axis Bank Ltd. | Financial | 4.77% | ₹31.72 Cr | +3.22% | +6.34% | — |
| Others | Others | 3.82% | ₹25.39 Cr | +10.69% | +5.42% | +6.54% |
| Bajaj Finance Ltd. | Financial | 2.98% | ₹19.80 Cr | +3.00% | +3.67% | +2.45% |
| Bajaj Finserv Ltd. | Financial | 2.72% | ₹18.08 Cr | +2.60% | +3.79% | +4.88% |
| Five-Star Business Finance Ltd. | Financial | 2.60% | ₹17.31 Cr | +2.44% | +1.66% | +0.75% |
| PNB Housing Finance Ltd. | Financial | 2.53% | ₹16.83 Cr | +2.25% | +1.72% | — |
| IIFL Finance Ltd. | Financial | 2.39% | ₹15.92 Cr | +1.36% | — | — |
| Multi Commodity Exchange Of India Ltd. | Services | 2.31% | ₹15.38 Cr | +1.85% | +2.14% | +1.64% |
| Ujjivan Small Finance Bank Ltd. | Financial | 2.05% | ₹13.64 Cr | +1.61% | +2.32% | +1.01% |
| Shriram Finance Ltd | Financial | 1.87% | ₹12.40 Cr | +1.90% | +4.28% | — |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 1.77% | ₹11.75 Cr | +1.73% | +0.23% | +0.78% |
| BSE Ltd. | Services | 1.76% | ₹11.68 Cr | +2.51% | +2.33% | — |
| Max Financial Services Ltd. | Financial | 1.57% | ₹10.46 Cr | +1.70% | +2.74% | +2.01% |
| Canara HSBC Life Insurance Company Ltd. | Insurance | 1.51% | ₹10.06 Cr | +1.37% | +1.83% | — |
| National Stock Exchange | Financial | 1.49% | ₹9.88 Cr | — | — | — |
| Cholamandalam Financial Holdings Ltd. | Financial | 1.44% | ₹9.60 Cr | +0.97% | +0.50% | +1.74% |
| Aditya Birla Capital Ltd. | Financial | 1.39% | ₹9.26 Cr | +1.61% | +2.47% | +0.76% |
| Aye Finance Ltd. | Financial | 1.32% | ₹8.75 Cr | +0.85% | — | — |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 1.31% | ₹8.73 Cr | — | — | — |
| City Union Bank Ltd. | Financial | 1.30% | ₹8.65 Cr | +1.57% | +1.79% | +1.18% |
| OnEMI Technology Solutions Ltd. | Financial | 1.25% | ₹8.34 Cr | +1.54% | — | — |
| SBI Life Insurance Company Ltd. | Insurance | 1.18% | ₹7.84 Cr | +1.18% | +1.15% | +0.89% |
| Repco Home Finance Ltd. | Financial | 1.15% | ₹7.66 Cr | +1.52% | +2.01% | — |
| PB Fintech Ltd. | Services | 1.09% | ₹7.24 Cr | +2.81% | +3.06% | +4.85% |
| Asset Reconstruction Company (India) Ltd. | Financial | 1.02% | ₹6.76 Cr | — | — | — |
| Motilal Oswal Financial Services Ltd. | Financial | 0.92% | ₹6.12 Cr | — | — | +0.52% |
| Indusind Bank Ltd. | Financial | 0.92% | ₹6.09 Cr | +0.69% | — | — |
| Bajaj Holdings & Investment Ltd. | Financial | 0.92% | ₹6.09 Cr | +1.09% | +1.24% | +0.95% |
| Reserve Bank of India | Financial | 0.91% | ₹6.08 Cr | +0.58% | +0.76% | +0.62% |
| The South Indian Bank Ltd. | Financial | 0.88% | ₹5.89 Cr | +1.19% | +0.74% | +0.98% |
| SBI Funds Management Ltd. | Financial | 0.88% | ₹5.84 Cr | — | — | — |
| Aavas Financiers Ltd. | Financial | 0.86% | ₹5.71 Cr | +1.03% | +0.67% | — |
| Fusion Finance Ltd. | Financial | 0.85% | ₹5.66 Cr | +0.68% | — | — |
| Billionbrains Garage Ventures Ltd. | Financial | 0.85% | ₹5.64 Cr | +0.90% | — | — |
| Care Ratings Ltd. | Services | 0.83% | ₹5.55 Cr | +0.63% | +0.74% | +2.00% |
| National Securities Depository Ltd | Financial | 0.82% | ₹5.44 Cr | +0.89% | +1.09% | +1.80% |
| The Federal Bank Ltd. | Financial | 0.79% | ₹5.22 Cr | +1.01% | +1.06% | — |
| Manappuram Finance Ltd. | Financial | 0.76% | ₹5.05 Cr | +0.75% | +0.66% | +0.77% |
| 360 One Wam Ltd. | Financial | 0.75% | ₹5.01 Cr | +0.63% | — | — |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 0.72% | ₹4.81 Cr | — | — | — |
| HDFC Life Insurance Co Ltd. | Insurance | 0.70% | ₹4.62 Cr | +0.74% | — | +1.91% |
| Aadhar Housing Finance Ltd | Financial | 0.69% | ₹4.59 Cr | +0.78% | +1.89% | +3.34% |
| Bank of India | Financial | 0.67% | ₹4.48 Cr | — | — | — |
| Power Finance Corporation Ltd. | Financial | 0.64% | ₹4.27 Cr | +2.24% | +1.39% | +1.14% |
| Tata Capital Ltd. | Financial | 0.62% | ₹4.10 Cr | +0.66% | +0.73% | — |
| Computer Age Management Services Ltd. | Services | 0.61% | ₹4.05 Cr | +0.84% | — | +4.88% |
| Nifty Bank | Financial | 0.57% | ₹3.80 Cr | +1.83% | +2.40% | +1.91% |
| Edelweiss Financial Services Ltd. | Financial | 0.00% | ₹0.02 Cr | 0.00% | 0.00% | +0.61% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| National Stock Exchange | 0.00% | 1.49% | +1.49% |
| ICICI Bank Ltd. | 12.94% | 11.77% | -1.17% |
| Asset Reconstruction Company (India) Ltd. | 0.00% | 1.02% | +1.02% |
| One 97 Communications Ltd. | 0.66% | 0.00% | -0.66% |
| Prudent Corporate Advisory Services Ltd. | 0.62% | 0.00% | -0.62% |
| BSE Ltd. | 1.11% | 1.70% | +0.59% |
| PB Fintech Ltd. | 1.34% | 0.78% | -0.56% |
| City Union Bank Ltd. | 1.80% | 1.30% | -0.50% |
| Max Financial Services Ltd. | 2.06% | 1.57% | -0.48% |
| Bajaj Finserv Ltd. | 3.17% | 2.72% | -0.45% |
| Others | 3.62% | 4.02% | +0.40% |
| Aditya Birla Capital Ltd. | 1.75% | 1.39% | -0.36% |
| The Federal Bank Ltd. | 1.14% | 0.79% | -0.35% |
| CSB Bank Ltd. | 0.34% | 0.00% | -0.34% |
| Bajaj Holdings & Investment Ltd. | 1.24% | 0.92% | -0.33% |
| Nifty Bank | 0.89% | 0.57% | -0.32% |
| Bajaj Finance Ltd. | 3.28% | 2.98% | -0.30% |
| Axis Bank Ltd. | 5.05% | 4.77% | -0.28% |
| The South Indian Bank Ltd. | 0.62% | 0.88% | +0.26% |
| OnEMI Technology Solutions Ltd. | 1.51% | 1.25% | -0.25% |
| Aye Finance Ltd. | 1.51% | 1.32% | -0.20% |
| State Bank of India | 2.39% | 2.19% | -0.19% |
| IIFL Finance Ltd. | 2.58% | 2.39% | -0.18% |
| Cholamandalam Financial Holdings Ltd. | 1.30% | 1.44% | +0.15% |
| Fusion Finance Ltd. | 0.97% | 0.85% | -0.12% |
| Indusind Bank Ltd. | 1.03% | 0.92% | -0.12% |
| SBI Funds Management Ltd. | 0.98% | 0.88% | -0.10% |
| Cholamandalam Investment and Finance Company Ltd. | 1.86% | 1.77% | -0.10% |
| Five-Star Business Finance Ltd. | 2.69% | 2.60% | -0.09% |
| Canara HSBC Life Insurance Company Ltd. | 1.59% | 1.51% | -0.08% |
| Tata Capital Ltd. | 0.69% | 0.62% | -0.07% |
| Repco Home Finance Ltd. | 1.22% | 1.15% | -0.07% |
| Mahindra & Mahindra Financial Services Ltd. | 1.24% | 1.31% | +0.07% |
| Multi Commodity Exchange Of India Ltd. | 2.38% | 2.31% | -0.07% |
| PNB Housing Finance Ltd. | 2.59% | 2.53% | -0.06% |
| Computer Age Management Services Ltd. | 0.43% | 0.37% | -0.06% |
| National Securities Depository Ltd | 0.88% | 0.82% | -0.06% |
| Bank of India | 0.73% | 0.67% | -0.06% |
| Manappuram Finance Ltd. | 0.82% | 0.76% | -0.06% |
| Care Ratings Ltd. | 0.89% | 0.83% | -0.06% |
| Aadhar Housing Finance Ltd | 0.74% | 0.69% | -0.05% |
| Ujjivan Small Finance Bank Ltd. | 2.10% | 2.05% | -0.05% |
| Motilal Oswal Financial Services Ltd. | 0.97% | 0.92% | -0.04% |
| 360 One Wam Ltd. | 0.36% | 0.31% | -0.04% |
| Billionbrains Garage Ventures Ltd. | 0.88% | 0.85% | -0.04% |
| Aavas Financiers Ltd. | 0.89% | 0.86% | -0.03% |
| Kotak Mahindra Bank Ltd. | 6.46% | 6.43% | -0.03% |
| SBI Life Insurance Company Ltd. | 1.21% | 1.18% | -0.03% |
| HDFC Life Insurance Co Ltd. | 0.72% | 0.70% | -0.03% |
| Shriram Finance Ltd | 1.84% | 1.87% | +0.02% |
| Power Finance Corporation Ltd. | 0.66% | 0.64% | -0.02% |
| ICICI Lombard General Insurance Company Ltd. | 0.71% | 0.72% | +0.01% |
| Reserve Bank of India | 0.91% | 0.91% | 0.00% |
| HDFC Bank Ltd. | 7.96% | 7.97% | 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 | ₹2,928 Cr | 2.17% | 5.8% | 10.5% | 13.5% |
 SBI Banking & Financial Services Fund | ₹10,505 Cr | 2.16% | 5.4% | 10.2% | 13.6% |
 Invesco India Financial Services Fund | ₹1,810 Cr | 2.16% | 7.0% | 10.6% | 14.8% |
 UTI Banking and Financial Services Fund | ₹1,339 Cr | 2.37% | 8.7% | 9.5% | 12.2% |
 Quant BFSI Fund | ₹894 Cr | 3.36% | 7.0% | 12.3% | — |
 Kotak Nifty Financial Services Ex-Bank Index Fund | ₹91.11 Cr | 0.82% | 1.1% | 9.8% | — |
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 months5.32% absolute | ₹60,000 | ₹63,192 | 5.32% | |
| 1 year1.66% annualised | ₹1,20,000 | ₹1,21,084 | 0.90% |
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 ₹13.10 as on 9 Nov 2026.
What is the expense ratio of WhiteOak Capital Banking & Financial Services Fund?
The expense ratio of WhiteOak Capital Banking & Financial Services Fund is 2.72% 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 23 schemes with ₹44,845 Cr under management.