WhiteOak Capital Banking & Financial Services Fund Direct Growth
Equity
Direct
Sector - Financial Services
NAV as on 19-12-2024
₹ 11.47
1D
Inception Returns
16.8%
/yr
About WhiteOak Capital Banking & Financial Services Fund Direct Growth
WhiteOak Capital Banking & Financial Services Fund Direct Growth is an equity fund. This fund was started on 6 February, 2024. The fund is managed by Piyush Baranwal. The fund could potentially beat inflation in the long-run.
Key Parameters
- WhiteOak Capital Banking & Financial Services Fund Direct Growth has ₹302 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 0.7.
Returns
WhiteOak Capital Banking & Financial Services Fund Direct Growth has given a CAGR return of 16.77% since inception.
Holdings
WhiteOak Capital Banking & Financial Services Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Industrial. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, ICICI Securities Ltd, State Bank of India, Bajaj Finserv Ltd
Taxation
As it is a sector - financial services mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of WhiteOak Capital Banking & Financial Services Fund Direct Growth
The primary objective of 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. However, there can be no assurance that the investment objective of the Scheme will be realized.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 100.00. WhiteOak Capital Banking & Financial Services Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
▼
116 people have invested ₹ 21.4L in WhiteOak Capital Banking & Financial Services Fund Direct Growth in the last three months
WhiteOak Capital Banking & Financial Services Fund Direct Growth Overview
| Expense ratio | 0.68% |
Benchmark | S&P BSE BANKEX INR |
| AUM | ₹302 Cr |
| Inception Date | 6 February, 2024 |
| Min Lumpsum/SIP | ₹500/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 54.04% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (19-Dec-24)
Fund Distribution
as on (30-Nov-24)
Large cap
52.4%
Small cap
24.8%
Mid cap
9%
Sector Allocation
Financial Services
97.6%
Tech
1.6%
Industrial
0.8%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at -0.28% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund outperformed Nifty 500 by 0.32% in Nov'24
- AUM of the fund stands at 282.3 Cr as of Nov'24
- AUM increased by 16.9 Cr between Nov'24 and Oct'24
Top Stocks bought last month
Motilal Oswal Financial Services Ltd's allocation increased from 0.53% to 1.24%
PB Fintech Ltd's allocation increased from 1.29% to 1.81%
Computer Age Management Services Ltd Ordinary Shares's allocation increased from 0.91% to 1.41%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 20.16 % to 12.1 %
ICICI Securities Ltd's allocation decreased from 7.08 % to 6.31 %
State Bank of India's allocation decreased from 6.87 % to 6.19 %
Mid Cap allocation has gone up from 6.1% to 9%
Large Cap allocation has gone down from 60.8% to 52.4%
Small Cap allocation has gone down from 26.2% to 24.8%
Cash allocation has gone up from 6.9% to 13.8%
Top 3 Sectors in November were Financial Services, Industrial & Tech
Nov'24
Financial Services
98%
Tech
2%
Industrial
Oct'24
Financial Services
97%
Industrial
1%
Tech
See all
Top Growth Drivers | 1M Return |
|---|---|
PB Fintech Ltd | 25.4% |
 HDFC Bank Ltd | 3.9% |
 Power Finance Corporation Ltd | 3.3% |
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Piyush Baranwal
Fund Manager of WhiteOak Capital Banking & Financial Services Fund Direct Growth, since 6 February 2024
Top funds managed
Fund House
WhiteOak Capital Asset Management Limited
Total Schemes
Total AUM
₹14.87K Cr
as on 29-Nov-2024
Address
602B, 6th Floor,Indiabulls Finance Centre(IFC),1&2 Senapati Bapat Marg, Elphinstone Road (West) Mumbai Mumbai City
Phone
+91180030003060
Website
http://mf.whiteoakamc.com
WhiteOak Capital Banking & Financial Services Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered returns of 16.77% since inception (6th February 2024)
Fund Allocations
This fund has an allocation of 86.17% in Equity, 0% in Debt and 13.83% in Cash related instruments
AUM size ₹302 Cr
This fund has AUM of ₹302 Cr which is less than its category average of ₹ 1757 Cr
Expense Ratio 0.68%
This fund has an expense ratio of 0.68% which is less than its category average expense ratio of 1.37%
Frequently Asked Questions for WhiteOak Capital Banking & Financial Services Fund Direct Growth
The current NAV of WhiteOak Capital Banking & Financial Services Fund Direct Growth is ₹11.47 as on 19-Dec-2024.
Existing (Absolute + CAGR) as on 19-Dec-2024.
WhiteOak Capital Banking & Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.82% | 4.82% |
6 Month Returns | 8.9% | 8.9% |
1 Year Returns | 0% | 0% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.68% as on November 2024
₹302 Cr as on November 2024
ICICI Bank Ltd(17.43%), HDFC Bank Ltd(12.1%), ICICI Securities Ltd(6.31%), State Bank of India(6.19%), Bajaj Finserv Ltd(4.9%) as on November 2024
Financial Services(84.07%), Tech(1.41%), Industrial(0.69%) as on November 2024
The alpha ratio for the WhiteOak Capital Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
WhiteOak Capital Banking & Financial Services Fund Direct Growth | - | - | - |
As on November 2024
The alpha for WhiteOak Capital Banking & Financial Services Fund Direct Growth is calculated against S&P BSE BANKEX INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the WhiteOak Capital Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
WhiteOak Capital Banking & Financial Services Fund Direct Growth | - | - | - |
As on November 2024
The Beta for WhiteOak Capital Banking & Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the WhiteOak Capital Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
WhiteOak Capital Banking & Financial Services Fund Direct Growth | - | - | - |
As on November 2024
The sharpe ratio for WhiteOak Capital Banking & Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the WhiteOak Capital Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
WhiteOak Capital Banking & Financial Services Fund Direct Growth | - | - | - |
As on November 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Piyush Baranwal is the fund manager of WhiteOak Capital Banking & Financial Services Fund Direct Growth
The Exit load of WhiteOak Capital Banking & Financial Services Fund Direct Growth is 1%