Bank of India Multi Asset Allocation Fund vs WhiteOak Capital Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bank of India Multi Asset Allocation Fund and WhiteOak Capital Multi Asset Allocation Fund are both Multi Asset funds. In the year to 30-10-2026, Bank of India Multi Asset Allocation Fund (Direct) returned 3.4% and WhiteOak Capital Multi Asset Allocation Fund (Direct) returned 6.0%. Bank of India Multi Asset Allocation Fund charges 1.03% a year and WhiteOak Capital Multi Asset Allocation Fund 0.65% (Direct plans). Their portfolios overlap 15.1%: they hold 22 of the same securities.
Bank of India Multi Asset Allocation Fund
Multi Asset
- 1 year return
- 3.4%
- Expense ratio
- 1.03%
- NAV
- ₹12.40
WhiteOak Capital Multi Asset Allocation Fund
Multi Asset
- 1 year return
- 6.0%
- Expense ratio
- 0.65%
- NAV
- ₹16.30
Which is better, Bank of India Multi Asset Allocation or WhiteOak Capital Multi Asset Allocation? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- WhiteOak Capital Multi Asset Allocation returned more over 1 year: 6.0% against 3.4%.
- WhiteOak Capital Multi Asset Allocation costs less: 0.65% a year against 1.03% (Direct plans).
- WhiteOak Capital Multi Asset Allocation fell less in its worst fall since 01-03-2024: −6.1% against −9.4%.
- WhiteOak Capital Multi Asset Allocation is the larger fund: ₹9,111 Cr against ₹369 Cr.
- Their portfolios overlap 15.1%: 22 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 Multi Asset Allocation Fund | WhiteOak Capital Multi Asset Allocation Fund |
|---|---|---|
| Fund house | Bank of India Mutual Fund | WhiteOak Capital Mutual Fund |
| Category | Multi Asset | Multi Asset |
| AUM | ₹369 Cr (30-09-2026) | ₹9,111 Cr (30-09-2026) |
| NAV | ₹12.40 (Direct) | ₹16.30 (Direct) |
| Expense ratio (Direct) | 1.03% | 0.65% |
| Expense ratio (Regular) | 2.18% | 1.67% |
| Riskometer | High | High |
| Benchmark | 40% Nifty500 TRI + 40% Nifty Composite Debt Index + 15% Domestic Prices of Gold + 5% Domestic Prices of Silver | 30% BSE 500 TRI + 50% CRISIL Short Term Bond Index + 16% Domestic prices of Gold + 1% Domestic prices of Silver + 3% iCO |
| Launch date | 28-02-2024 | 19-05-2023 |
| Minimum investment | ₹5,000 | ₹500 |
| Lock in | None | None |
| Fund managers | Mithraem Bharucha, amp, Nilesh Jethani | Ramesh Mantri, Piyush Baranwal, Dheeresh Pathak, Ashish Agrawal, Trupti Agrawal |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 3 months. | Nil |
Bank of India Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation: 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 Multi Asset Allocation Fund (Direct) | −3.82% | −3.73% | −2.00% | +3.36% | -- | -- | -- |
| WhiteOak Capital Multi Asset Allocation Fund (Direct) | −1.16% | −1.15% | +1.63% | +6.03% | +16.11% | -- | -- |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | +14.20% | -- | -- |
Category average: the average of the 37 Multi Asset funds, same plan type.
Bank of India Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation: Year-wise Returns
| Year | Bank of IndiaBank of India Multi Asset Allocation | WhiteOak CapitalWhiteOak Capital Multi Asset Allocation |
|---|---|---|
| 2026to date | +1.40% | +4.15% |
| 2025 | +11.42% | +18.39% |
| 2024 | -- | +18.99% |
Bank of India Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 402 of them, one for each trading day from 03-03-2025 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 Multi Asset Allocation Fund (Direct)
WhiteOak Capital Multi Asset Allocation Fund (Direct)
to
Apr 2025Aug 2024
to
Aug 2025Nov 2024
to
Nov 2025Feb 2025
to
Feb 2026Jun 2025
to
Jun 2026Sept 2025
to
Sept 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 Multi Asset Allocation | 0.0 | 11.4 | 40.0 | 33.8 | 12.7 | 2.0 | 0.0 | 10.0% | 9.5% | 2.3% | 23.4% |
| WhiteOak Capital Multi Asset Allocation | 0.0 | 0.0 | 5.0 | 29.2 | 60.6 | 5.2 | 0.0 | 15.8% | 16.4% | 5.2% | 22.7% |
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 01-03-2024. Past returns do not promise future returns.
Bank of India Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation: 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 01-03-2024 to 30-10-2026: 32 instalments, ₹3,20,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bank of India Multi Asset AllocationBank of India Multi Asset Allocation Fund (Direct) | ₹3,20,000 | ₹3,44,847 | ₹24,847 | 5.6% |
| WhiteOak Capital Multi Asset AllocationWhiteOak Capital Multi Asset Allocation Fund (Direct) | ₹3,20,000 | ₹3,69,835 | ₹49,835 | 10.9% |
Bank of India Multi Asset AllocationBank of India Multi Asset Allocation Fund (Direct)
WhiteOak Capital Multi Asset AllocationWhiteOak Capital Multi Asset Allocation 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 Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bank of India Multi Asset Allocation Fund (Direct) | WhiteOak Capital Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +3.36% | +6.03% |
| Standard deviation | 9.58% | 6.99% |
| Sharpe ratio | -0.20 | 0.11 |
| Sortino ratio | -0.26 | 0.16 |
| Maximum drawdown | −8.2% (23-10-2026) | −6.1% (23-03-2026) |
| 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 Multi Asset Allocation Fund (Direct) | WhiteOak Capital Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.35% | +15.15% |
| Standard deviation | 8.97% | 5.49% |
| Sharpe ratio | 0.27 | 1.64 |
| Sortino ratio | 0.36 | 2.34 |
| Maximum drawdown | −9.4% (28-02-2025) | −6.1% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 01-03-2024 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 Multi Asset Allocation Fund (Direct)
WhiteOak Capital Multi Asset Allocation Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bank of India Multi Asset Allocation Fund (Direct) | −9.4% | 11-12-2024 | 28-02-2025 | 26-05-2025 | 3 months | −7.4% |
| WhiteOak Capital Multi Asset Allocation Fund (Direct) | −6.1% | 02-03-2026 | 23-03-2026 | 16-06-2026 | 3 months | −3.8% |
From daily values since 01-03-2024, 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 Multi Asset Allocation Fund (Direct)
WhiteOak Capital Multi Asset Allocation Fund (Direct)
Bank of India Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: Bank of India Multi Asset Allocation Fund, September 2026; WhiteOak Capital Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 15.1%
- Held by both
- 22
- Only in Bank of India Multi Asset Allocation
- 42
- Only in WhiteOak Capital Multi Asset Allocation
- 178
| Security | % of Bank of India Multi Asset Allocation | % of WhiteOak Capital Multi Asset Allocation |
|---|---|---|
| ICICI Prudential Gold ETF | 5.83% | 2.82% |
| ICICI Bank Limited | 2.25% | 2.89% |
| DSP Gold ETF | 6.00% | 1.75% |
| HDFC Bank Limited | 2.21% | 1.30% |
| 6.94% Government of India (11/05/2036) | 0.89% | 2.16% |
| State Bank of India | 3.12% | 0.83% |
| Mahindra & Mahindra Limited | 0.74% | 0.79% |
| Coforge Limited | 0.68% | 0.80% |
| Bharti Airtel Limited | 0.57% | 1.41% |
| Reliance Industries Limited | 0.56% | 0.80% |
| Titan Company Limited | 1.32% | 0.54% |
| UltraTech Cement Limited | 1.14% | 0.52% |
| Bharat Electronics Limited | 0.53% | 0.48% |
| Tech Mahindra Limited | 1.36% | 0.27% |
| Power Grid Corporation of India Limited | 0.51% | 0.20% |
| Vedanta Aluminium Metal Limited | 1.33% | 0.18% |
| Hindustan Copper Limited | 0.93% | 0.17% |
| KRN Heat Exchanger And Refrigeration Limited | 1.12% | 0.13% |
| Computer Age Management Services Limited | 0.85% | 0.07% |
| Mankind Pharma Limited | 0.99% | 0.06% |
| ICICI Prudential Asset Management Company Limited | 1.09% | 0.05% |
| 6.48% Government of India (06/10/2035) | 3.16% | 0.04% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 15.1% means 15.1% 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 Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| 7.44% Indian Railway Finance Corporation Limited (28/02/2034) | 6.64% |
| 8.1167% Bajaj Finance Limited (10/05/2027) | 4.88% |
| Nippon India ETF Gold Bees | 3.38% |
| ICICI Prudential Silver ETF | 2.97% |
| Sterlite Technologies Limited | 2.88% |
Largest holdings only in WhiteOak Capital Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| Nexus Select Trust - REIT | 3.64% |
| Embassy Office Parks REIT | 2.88% |
| Cube Highways Trust-InvIT Fund | 2.53% |
| Knowledge Realty Trust | 2.18% |
| Citius Transnet Investment Trust | 1.64% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bank of India Multi Asset Allocation | WhiteOak Capital Multi Asset Allocation |
|---|---|---|
| Equity | 56.0% | 28.2% |
| Debt | 20.8% | 31.0% |
| Cash and others | 23.2% | 40.8% |
Market cap of stocks
| Market cap | Bank of India Multi Asset Allocation | WhiteOak Capital Multi Asset Allocation |
|---|---|---|
| Large Cap | 28.6% | 19.9% |
| Mid Cap | 4.8% | 3.1% |
| Small Cap | 22.6% | 3.5% |
| Foreign stocks | 0.0% | 0.4% |
| Not on AMFI's list | 0.0% | 1.4% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Bank of India Multi Asset Allocation | WhiteOak Capital Multi Asset Allocation |
|---|---|---|
| Banks | 11.1% | 6.2% |
| Capital Markets | 5.6% | 1.0% |
| Finance | 4.0% | 1.7% |
| Telecom - Equipment & Accessories | 3.8% | 0.0% |
| Electrical Equipment | 3.1% | 0.6% |
| Consumer Durables | 2.4% | 1.0% |
| IT - Software | 2.0% | 2.0% |
| Pharmaceuticals & Biotechnology | 1.0% | 1.9% |
| Telecom - Services | 0.6% | 1.4% |
| Food Products | 0.0% | 1.4% |
The six largest sectors of each fund's stocks, % of the fund.
Bank of India Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bank of India Multi Asset Allocation Fund | WhiteOak Capital Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.03% | 0.65% |
| Base expense ratio (Direct) | 0.70% | 0.38% |
| Total expense ratio (Regular) | 2.18% | 1.67% |
| Base expense ratio (Regular) | 1.67% | 1.25% |
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 Multi Asset Allocation with
Compare WhiteOak Capital Multi Asset Allocation with
Bank of India Multi Asset Allocation Fund vs WhiteOak Capital Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between Bank of India Multi Asset Allocation Fund and WhiteOak Capital Multi Asset Allocation Fund?
Both are Multi Asset funds, run by Bank of India Mutual Fund and WhiteOak Capital Mutual Fund. Their portfolios overlap 15.1%. Bank of India Multi Asset Allocation Fund charges 1.03% a year and WhiteOak Capital Multi Asset Allocation Fund 0.65%.
Which has given higher returns, Bank of India Multi Asset Allocation Fund or WhiteOak Capital Multi Asset Allocation Fund?
Over 1 year: Bank of India Multi Asset Allocation Fund +3.36%, WhiteOak Capital Multi Asset Allocation Fund +6.03%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bank of India Multi Asset Allocation Fund or WhiteOak Capital Multi Asset Allocation Fund?
WhiteOak Capital Multi Asset Allocation Fund charges less: 0.65% a year against 1.03%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bank of India Multi Asset Allocation Fund and WhiteOak Capital Multi Asset Allocation Fund overlap?
15.1%. They hold 22 of the same securities, the largest shared ones being GOLDIETF, ICICIBANK, GOLDADD. From each fund's latest monthly portfolio.
Which is riskier, Bank of India Multi Asset Allocation Fund or WhiteOak Capital Multi Asset Allocation Fund?
On SEBI's riskometer, Bank of India Multi Asset Allocation Fund is rated High and WhiteOak Capital Multi Asset Allocation Fund High. Over 1 years, the standard deviation of daily returns was 9.58% and 6.99% a year.
Can I invest in both Bank of India Multi Asset Allocation Fund and WhiteOak Capital Multi Asset Allocation Fund?
Yes. 15.1% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Bank of India Multi Asset Allocation Fund and WhiteOak Capital Multi Asset Allocation Fund?
Bank of India Multi Asset Allocation Fund: Mithraem Bharucha, amp, Nilesh Jethani. WhiteOak Capital Multi Asset Allocation Fund: Ramesh Mantri, Piyush Baranwal, Dheeresh Pathak, Ashish Agrawal, Trupti Agrawal.
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.