Bank of India Liquid Fund vs WhiteOak Capital Liquid Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bank of India Liquid Fund and WhiteOak Capital Liquid Fund are both Liquid funds. In the 3 years to 30-10-2026, Bank of India Liquid Fund (Direct) returned 6.9% a year and WhiteOak Capital Liquid Fund (Direct) returned 6.8% a year. Bank of India Liquid Fund charges 0.09% a year and WhiteOak Capital Liquid Fund 0.13% (Direct plans). Their portfolios overlap 17.3%: they hold 9 of the same securities.
Bank of India Liquid Fund
Liquid
- 3 year return
- 6.9%
- Expense ratio
- 0.09%
- NAV
- ₹3,296.36
WhiteOak Capital Liquid Fund
Liquid
- 3 year return
- 6.8%
- Expense ratio
- 0.13%
- NAV
- ₹1,531.18
Which is better, Bank of India Liquid or WhiteOak Capital Liquid? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Bank of India Liquid returned more over 5 years: 6.5% a year against 6.3%.
- Bank of India Liquid returned more over 3 years: 6.9% a year against 6.8%.
- Bank of India Liquid costs less: 0.09% a year against 0.13% (Direct plans).
- Bank of India Liquid swung less over 3 years: a standard deviation of 0.1% a year against 0.2%.
- WhiteOak Capital Liquid fell less in its worst fall since 17-01-2019: −0.1% against −0.2%.
- Bank of India Liquid is the larger fund: ₹1,874 Cr against ₹727 Cr.
- Their portfolios overlap 17.3%: 9 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Bank of India Liquid Fund | WhiteOak Capital Liquid Fund |
|---|---|---|
| Fund house | Bank of India Mutual Fund | WhiteOak Capital Mutual Fund |
| Category | Liquid | Liquid |
| AUM | ₹1,874 Cr (30-09-2026) | ₹727 Cr (30-09-2026) |
| NAV | ₹3,296.36 (Direct) | ₹1,531.18 (Direct) |
| Expense ratio (Direct) | 0.09% | 0.13% |
| Expense ratio (Regular) | 0.15% | 0.23% |
| Riskometer | Low to Moderate | Low to Moderate |
| Benchmark | CRISIL Liquid Debt A-I Index | CRISIL Liquid Debt A-I Index |
| Launch date | 16-07-2008 | 16-01-2019 |
| Minimum investment | ₹5,000 | For Growth option - Rs.500; For IDCW option - Rs.2000 |
| Lock in | None | None |
| Fund managers | Mithraem Bharucha | Piyush Baranwal |
| Exit load | Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days. | Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days. |
Bank of India Liquid vs WhiteOak Capital Liquid: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Bank of India Liquid Fund (Direct) | +0.46% | +1.53% | +3.21% | +6.49% | +6.92% | +6.45% | +6.10% |
| WhiteOak Capital Liquid Fund (Direct) | +0.43% | +1.49% | +3.13% | +6.36% | +6.80% | +6.25% | -- |
| Liquid average | +0.44% | +1.46% | +3.06% | +6.23% | +6.66% | +6.18% | -- |
Category average: the average of the 44 Liquid funds, same plan type.
Bank of India Liquid vs WhiteOak Capital Liquid: Year-wise Returns
| Year | Bank of IndiaBank of India Liquid | WhiteOak CapitalWhiteOak Capital Liquid |
|---|---|---|
| 2026to date | +5.42% | +5.32% |
| 2025 | +6.61% | +6.49% |
| 2024 | +7.47% | +7.36% |
| 2023 | +7.10% | +6.96% |
| 2022 | +4.99% | +4.56% |
| 2021 | +3.34% | +3.01% |
Bank of India Liquid vs WhiteOak Capital Liquid: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 1,743 of them, one for each trading day from 17-01-2022 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Bank of India Liquid Fund (Direct)
WhiteOak Capital Liquid Fund (Direct)
to
Jun 2022Mar 2020
to
Mar 2023Jan 2021
to
Jan 2024Nov 2021
to
Nov 2024Sept 2022
to
Sept 2025Jun 2023
to
Jun 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Bank of India Liquid | 0.0 | 39.1 | 60.9 | 0.0 | 0.0 | 0.0 | 0.0 | 5.7% | 5.8% | 4.1% | 7.1% |
| WhiteOak Capital Liquid | 0.0 | 43.3 | 56.7 | 0.0 | 0.0 | 0.0 | 0.0 | 5.4% | 5.5% | 3.7% | 7.0% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 17-01-2019. Past returns do not promise future returns.
Bank of India Liquid vs WhiteOak Capital Liquid: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-01-2019 to 30-10-2026: 94 instalments, ₹9,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bank of India LiquidBank of India Liquid Fund (Direct) | ₹9,40,000 | ₹12,03,158 | ₹2,63,158 | 6.2% |
| WhiteOak Capital LiquidWhiteOak Capital Liquid Fund (Direct) | ₹9,40,000 | ₹11,93,956 | ₹2,53,956 | 6.0% |
Bank of India LiquidBank of India Liquid Fund (Direct)
WhiteOak Capital LiquidWhiteOak Capital Liquid Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Bank of India Liquid vs WhiteOak Capital Liquid: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bank of India Liquid Fund (Direct) | WhiteOak Capital Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.49% | +6.36% |
| Standard deviation | 0.18% | 0.22% |
| Sharpe ratio | 6.90 | 4.99 |
| Sortino ratio | 18.84 | 13.07 |
| Maximum drawdown | −0.0% (07-07-2026) | −0.0% (22-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Bank of India Liquid Fund (Direct) | WhiteOak Capital Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.92% | +6.80% |
| Standard deviation | 0.14% | 0.20% |
| Sharpe ratio | 6.60 | 3.96 |
| Sortino ratio | 17.84 | 10.51 |
| Maximum drawdown | −0.0% (07-07-2026) | −0.0% (22-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Bank of India Liquid Fund (Direct) | WhiteOak Capital Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.45% | +6.25% |
| Standard deviation | 0.13% | 0.19% |
| Sharpe ratio | 4.94 | 2.34 |
| Sortino ratio | 10.32 | 4.92 |
| Maximum drawdown | −0.0% (05-05-2022) | −0.1% (05-05-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Bank of India Liquid Fund (Direct) | WhiteOak Capital Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.83% | +5.62% |
| Standard deviation | 0.18% | 0.18% |
| Sharpe ratio | 4.29 | 2.28 |
| Sortino ratio | 8.29 | 4.73 |
| Maximum drawdown | −0.2% (24-03-2020) | −0.1% (05-05-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 01-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Bank of India Liquid Fund (Direct)
WhiteOak Capital Liquid Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bank of India Liquid Fund (Direct) | −0.2% | 17-03-2020 | 24-03-2020 | 27-03-2020 | 3 days | 0.0% |
| WhiteOak Capital Liquid Fund (Direct) | −0.1% | 03-05-2022 | 05-05-2022 | 12-05-2022 | 7 days | 0.0% |
From daily values since 17-01-2019, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Bank of India Liquid Fund (Direct)
WhiteOak Capital Liquid Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Bank of India Liquid Fund (Direct)
WhiteOak Capital Liquid Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Bank of India Liquid Fund (Direct)
WhiteOak Capital Liquid Fund (Direct)
Bank of India Liquid vs WhiteOak Capital Liquid: Portfolio Overlap
From each fund's latest monthly portfolio: Bank of India Liquid Fund, September 2026; WhiteOak Capital Liquid Fund, September 2026
Holdings in common
- Overlap
- 17.3%
- Held by both
- 9
- Only in Bank of India Liquid
- 35
- Only in WhiteOak Capital Liquid
- 18
| Security | % of Bank of India Liquid | % of WhiteOak Capital Liquid |
|---|---|---|
| HDFC Bank Limited (19/11/2026) | 3.70% | 3.41% |
| 91 Days Tbill (MD 27/11/2026) | 2.65% | 6.51% |
| Union Bank of India (27/10/2026) | 2.39% | 3.43% |
| 364 Days Tbill (MD 03/12/2026) | 3.44% | 2.05% |
| 91 Days Tbill (MD 10/12/2026) | 2.64% | 2.04% |
| Kotak Mahindra Bank Limited (21/12/2026) | 2.63% | 1.90% |
| Bank of Baroda (05/11/2026) | 1.33% | 3.42% |
| ICICI Securities Limited (15/12/2026) | 1.31% | 3.39% |
| Corporate Debt Market Development Fund | 0.30% | 0.25% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 17.3% means 17.3% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Bank of India Liquid Fund
| Security | % of fund |
|---|---|
| National Bank For Agriculture and Rural Development (10/11/2026) | 7.95% |
| Small Industries Dev Bank of India (10/11/2026) | 5.30% |
| Axis Bank Limited (16/12/2026) | 5.27% |
| 364 Days Tbill (MD 26/11/2026) | 3.97% |
| 91 Days Tbill (MD 19/11/2026) | 3.97% |
Largest holdings only in WhiteOak Capital Liquid Fund
| Security | % of fund |
|---|---|
| Export Import Bank of India (14/12/2026) | 10.19% |
| Power Finance Corporation Limited (09/12/2026) | 6.80% |
| 91 Days Tbill (MD 29/10/2026) | 3.43% |
| Titan Company Limited (19/10/2026) | 3.43% |
| Aditya Birla Money Limited (29/10/2026) | 3.42% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bank of India Liquid | WhiteOak Capital Liquid |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 118.0% | 95.7% |
| Cash and others | -18.0% | 4.3% |
Bank of India Liquid vs WhiteOak Capital Liquid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bank of India Liquid Fund | WhiteOak Capital Liquid Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.09% | 0.13% |
| Base expense ratio (Direct) | 0.07% | 0.11% |
| Total expense ratio (Regular) | 0.15% | 0.23% |
| Base expense ratio (Regular) | 0.12% | 0.20% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Bank of India Liquid with
Bank of India Liquid Fund vs WhiteOak Capital Liquid Fund: Frequently Asked Questions
What is the difference between Bank of India Liquid Fund and WhiteOak Capital Liquid Fund?
Both are Liquid funds, run by Bank of India Mutual Fund and WhiteOak Capital Mutual Fund. Their portfolios overlap 17.3%. Bank of India Liquid Fund charges 0.09% a year and WhiteOak Capital Liquid Fund 0.13%.
Which has given higher returns, Bank of India Liquid Fund or WhiteOak Capital Liquid Fund?
Over 1 year: Bank of India Liquid Fund +6.49%, WhiteOak Capital Liquid Fund +6.36%. Over 3 years: Bank of India Liquid Fund +6.92% a year, WhiteOak Capital Liquid Fund +6.80% a year. Over 5 years: Bank of India Liquid Fund +6.45% a year, WhiteOak Capital Liquid Fund +6.25% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bank of India Liquid Fund or WhiteOak Capital Liquid Fund?
Bank of India Liquid Fund charges less: 0.09% a year against 0.13%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bank of India Liquid Fund and WhiteOak Capital Liquid Fund overlap?
17.3%. They hold 9 of the same securities, the largest shared ones being HDFC Bank Limited (19/11/2026), 91 Days Tbill (MD 27/11/2026), Union Bank of India (27/10/2026). From each fund's latest monthly portfolio.
Which is riskier, Bank of India Liquid Fund or WhiteOak Capital Liquid Fund?
On SEBI's riskometer, Bank of India Liquid Fund is rated Low to Moderate and WhiteOak Capital Liquid Fund Low to Moderate. Over 3 years, the standard deviation of daily returns was 0.14% and 0.20% a year.
Which is better for SIP, Bank of India Liquid Fund or WhiteOak Capital Liquid Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,25,222 in Bank of India Liquid Fund (XIRR 6.7% a year) and ₹7,22,546 in WhiteOak Capital Liquid Fund (XIRR 6.6% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Bank of India Liquid Fund and WhiteOak Capital Liquid Fund?
Yes. 17.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Bank of India Liquid Fund and WhiteOak Capital Liquid Fund?
Bank of India Liquid Fund: Mithraem Bharucha. WhiteOak Capital Liquid Fund: Piyush Baranwal.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.