DSP Multi Asset Allocation Fund vs WhiteOak Capital Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 29-10-2026
DSP Multi Asset Allocation Fund and WhiteOak Capital Multi Asset Allocation Fund are both Multi Asset funds. In the 3 years to 29-10-2026, DSP Multi Asset Allocation Fund (Direct) returned 17.3% a year and WhiteOak Capital Multi Asset Allocation Fund (Direct) returned 16.1% a year. DSP Multi Asset Allocation Fund charges 0.62% a year and WhiteOak Capital Multi Asset Allocation Fund 0.65% (Direct plans). Their portfolios overlap 19.8%: they hold 29 of the same securities.
DSP Multi Asset Allocation Fund
Multi Asset
- 3 year return
- 17.3%
- Expense ratio
- 0.62%
- NAV
- ₹16.05
WhiteOak Capital Multi Asset Allocation Fund
Multi Asset
- 3 year return
- 16.1%
- Expense ratio
- 0.65%
- NAV
- ₹16.30
Which is better, DSP 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.
- DSP Multi Asset Allocation returned more over 3 years: 17.3% a year against 16.1%.
- WhiteOak Capital Multi Asset Allocation returned more over 1 year: 6.0% against 4.2%.
- DSP Multi Asset Allocation costs less: 0.62% a year against 0.65% (Direct plans).
- WhiteOak Capital Multi Asset Allocation swung less over 3 years: a standard deviation of 5.7% a year against 8.5%.
- WhiteOak Capital Multi Asset Allocation fell less in its worst fall since 29-09-2023: −6.1% against −9.7%.
- DSP Multi Asset Allocation holds 11.9% of the fund in foreign stocks; WhiteOak Capital Multi Asset Allocation 0.4%.
- DSP Multi Asset Allocation is the larger fund: ₹10,820 Cr against ₹9,111 Cr.
- Their portfolios overlap 19.8%: 29 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 | DSP Multi Asset Allocation Fund | WhiteOak Capital Multi Asset Allocation Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | WhiteOak Capital Mutual Fund |
| Category | Multi Asset | Multi Asset |
| AUM | ₹10,820 Cr (30-09-2026) | ₹9,111 Cr (30-09-2026) |
| NAV | ₹16.05 (Direct) | ₹16.30 (Direct) |
| Expense ratio (Direct) | 0.62% | 0.65% |
| Expense ratio (Regular) | 1.58% | 1.67% |
| Riskometer | High | High |
| Benchmark | 40% NIFTY500 TRI + 20% NIFTY Composite Debt Index + 15% Domestic Price of Physical Gold (LBMA) + 5% iCOMDEX Composite In | 30% BSE 500 TRI + 50% CRISIL Short Term Bond Index + 16% Domestic prices of Gold + 1% Domestic prices of Silver + 3% iCO |
| Launch date | 27-09-2023 | 19-05-2023 |
| Minimum investment | ₹100 | ₹500 |
| Lock in | None | None |
| Fund managers | Aparna Karnik, Shantanu Godambe, Ravi Gehani | 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 1 months. | Nil |
DSP Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation: Returns Comparison
Returns as on 29-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| DSP Multi Asset Allocation Fund (Direct) | −1.39% | −3.78% | −2.49% | +4.15% | +17.30% | -- | -- |
| 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.
DSP Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation: Year-wise Returns
| Year | DSPDSP Multi Asset Allocation | WhiteOak CapitalWhiteOak Capital Multi Asset Allocation |
|---|---|---|
| 2026to date | +0.30% | +4.15% |
| 2025 | +24.73% | +18.39% |
| 2024 | +18.12% | +18.99% |
DSP Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 21 of them, one for each trading day from 29-09-2026 to 29-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
DSP Multi Asset Allocation Fund (Direct)
WhiteOak Capital Multi Asset Allocation Fund (Direct)
to
Oct 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DSP Multi Asset Allocation | 0.0 | 0.0 | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 17.3% | 17.3% | 16.7% | 17.9% |
| WhiteOak Capital Multi Asset Allocation | 0.0 | 0.0 | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 16.3% | 16.3% | 15.7% | 16.8% |
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 29-09-2023. Past returns do not promise future returns.
DSP 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 29-09-2023 to 29-10-2026: 38 instalments, ₹3,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| DSP Multi Asset AllocationDSP Multi Asset Allocation Fund (Direct) | ₹3,80,000 | ₹4,60,418 | ₹80,418 | 12.3% |
| WhiteOak Capital Multi Asset AllocationWhiteOak Capital Multi Asset Allocation Fund (Direct) | ₹3,80,000 | ₹4,61,037 | ₹81,037 | 12.3% |
DSP Multi Asset AllocationDSP 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.
DSP 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 | DSP Multi Asset Allocation Fund (Direct) | WhiteOak Capital Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.15% | +6.03% |
| Standard deviation | 10.58% | 6.99% |
| Sharpe ratio | -0.10 | 0.11 |
| Sortino ratio | -0.14 | 0.16 |
| Maximum drawdown | −9.7% (23-03-2026) | −6.1% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2025 to 29-10-2026. 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 | DSP Multi Asset Allocation Fund (Direct) | WhiteOak Capital Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +17.30% | +16.11% |
| Standard deviation | 8.55% | 5.74% |
| Sharpe ratio | 1.32 | 1.76 |
| Sortino ratio | 1.84 | 2.50 |
| Maximum drawdown | −9.7% (23-03-2026) | −6.1% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 27-10-2023 to 29-10-2026. 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 | DSP Multi Asset Allocation Fund (Direct) | WhiteOak Capital Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.60% | +15.15% |
| Standard deviation | 8.47% | 5.49% |
| Sharpe ratio | 1.25 | 1.64 |
| Sortino ratio | 1.73 | 2.34 |
| Maximum drawdown | −9.7% (23-03-2026) | −6.1% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-09-2023 to 29-10-2026. 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.
DSP 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 |
|---|---|---|---|---|---|---|
| DSP Multi Asset Allocation Fund (Direct) | −9.7% | 29-01-2026 | 23-03-2026 | 21-08-2026 | 5 months | −6.2% |
| 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 29-09-2023, 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.
DSP Multi Asset Allocation Fund (Direct)
WhiteOak Capital Multi Asset Allocation 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.
DSP Multi Asset Allocation Fund (Direct)
WhiteOak Capital Multi Asset Allocation Fund (Direct)
DSP Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Multi Asset Allocation Fund, September 2026; WhiteOak Capital Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 19.8%
- Held by both
- 29
- Only in DSP Multi Asset Allocation
- 56
- Only in WhiteOak Capital Multi Asset Allocation
- 171
| Security | % of DSP Multi Asset Allocation | % of WhiteOak Capital Multi Asset Allocation |
|---|---|---|
| ICICI Bank Limited | 2.79% | 2.89% |
| 6.94% GOI 11052036 | 2.10% | 2.16% |
| DSP Gold ETF | 11.65% | 1.75% |
| Embassy Office Parks REIT | 1.42% | 2.88% |
| Bharti Airtel Limited | 2.02% | 1.41% |
| HDFC Bank Limited | 3.54% | 1.30% |
| Knowledge Realty Trust | 0.93% | 2.18% |
| State Bank of India | 1.33% | 0.83% |
| Reliance Industries Limited | 1.49% | 0.80% |
| Mahindra & Mahindra Limited | 0.87% | 0.79% |
| Brookfield India Real Estate Trust | 0.70% | 1.59% |
| Ultratech Cement Limited | 0.80% | 0.52% |
| Maruti Suzuki India Limited | 0.89% | 0.49% |
| Citius TransNet Investment Trust | 0.48% | 1.64% |
| Axis Bank Limited | 2.98% | 0.48% |
| Small Industries Development Bank Of India | 0.47% | 1.09% |
| National Stock Exchange Of India Limited | 0.50% | 0.41% |
| Raajmarg Infra Investment Trust | 0.37% | 0.91% |
| Infosys Limited | 0.33% | 0.34% |
| Larsen & Toubro Limited | 1.31% | 0.28% |
| Power Grid Corporation of India Limited | 0.90% | 0.20% |
| Oil India Limited | 0.70% | 0.19% |
| Info Edge (India) Limited | 0.65% | 0.17% |
| Sun Pharmaceutical Industries Limited | 0.50% | 0.17% |
| NTPC Limited | 0.96% | 0.16% |
| Asian Paints Limited | 0.32% | 0.16% |
| SBI Life Insurance Co Limited | 0.95% | 0.04% |
| 6.48% GOI 06102035 | 0.23% | 0.04% |
| Indus Infra Trust | 0.30% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 19.8% means 19.8% 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 DSP Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| DSP Nifty 50 Equal Wieght ETF | 5.38% |
| 6.90% GOI 15042065 | 4.08% |
| Hindustan Zinc Limited | 1.01% |
| Samvardhana Motherson International Limited | 1.01% |
| 7.71% GOI 18052066 | 0.86% |
Largest holdings only in WhiteOak Capital Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| Nexus Select Trust - REIT | 3.64% |
| ICICI Prudential Gold ETF | 2.82% |
| Cube Highways Trust-InvIT Fund | 2.53% |
| National Highways Infra Trust | 1.51% |
| 6.65% Indian Railway Finance Corporation Limited (20/05/2030) | 1.46% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Multi Asset Allocation | WhiteOak Capital Multi Asset Allocation |
|---|---|---|
| Equity | 49.5% | 28.2% |
| Debt | 13.7% | 31.0% |
| Cash and others | 36.8% | 40.8% |
Market cap of stocks
| Market cap | DSP Multi Asset Allocation | WhiteOak Capital Multi Asset Allocation |
|---|---|---|
| Large Cap | 28.7% | 19.9% |
| Mid Cap | 4.4% | 3.1% |
| Small Cap | 4.1% | 3.5% |
| Foreign stocks | 11.9% | 0.4% |
| Not on AMFI's list | 0.5% | 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 | DSP Multi Asset Allocation | WhiteOak Capital Multi Asset Allocation |
|---|---|---|
| Banks | 10.8% | 6.2% |
| Foreign Security | 2.8% | 0.0% |
| Petroleum Products | 2.8% | 0.8% |
| Consumer Durables | 2.5% | 1.0% |
| Automobiles | 2.4% | 1.3% |
| IT - Hardware | 2.4% | 0.0% |
| Telecom - Services | 2.2% | 1.4% |
| IT - Software | 0.9% | 2.0% |
| Pharmaceuticals & Biotechnology | 0.9% | 1.9% |
| Finance | 0.0% | 1.7% |
| Food Products | 0.0% | 1.4% |
The six largest sectors of each fund's stocks, % of the fund.
DSP Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Multi Asset Allocation Fund | WhiteOak Capital Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.62% | 0.65% |
| Base expense ratio (Direct) | 0.37% | 0.38% |
| Total expense ratio (Regular) | 1.58% | 1.67% |
| Base expense ratio (Regular) | 1.18% | 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 DSP Multi Asset Allocation with
DSP Multi Asset Allocation Fund vs WhiteOak Capital Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between DSP Multi Asset Allocation Fund and WhiteOak Capital Multi Asset Allocation Fund?
Both are Multi Asset funds, run by DSP Mutual Fund and WhiteOak Capital Mutual Fund. Their portfolios overlap 19.8%. DSP Multi Asset Allocation Fund charges 0.62% a year and WhiteOak Capital Multi Asset Allocation Fund 0.65%.
Which has given higher returns, DSP Multi Asset Allocation Fund or WhiteOak Capital Multi Asset Allocation Fund?
Over 1 year: DSP Multi Asset Allocation Fund +4.15%, WhiteOak Capital Multi Asset Allocation Fund +6.03%. Over 3 years: DSP Multi Asset Allocation Fund +17.30% a year, WhiteOak Capital Multi Asset Allocation Fund +16.11% a year. As on 29-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, DSP Multi Asset Allocation Fund or WhiteOak Capital Multi Asset Allocation Fund?
DSP Multi Asset Allocation Fund charges less: 0.62% a year against 0.65%. These are the Direct plans' total expense ratios reported to AMFI.
How much do DSP Multi Asset Allocation Fund and WhiteOak Capital Multi Asset Allocation Fund overlap?
19.8%. They hold 29 of the same securities, the largest shared ones being ICICIBANK, 6.94% GOI 11052036, GOLDADD. From each fund's latest monthly portfolio.
Which is riskier, DSP Multi Asset Allocation Fund or WhiteOak Capital Multi Asset Allocation Fund?
On SEBI's riskometer, DSP Multi Asset Allocation Fund is rated High and WhiteOak Capital Multi Asset Allocation Fund High. Over 3 years, the standard deviation of daily returns was 8.55% and 5.74% a year.
Which is better for SIP, DSP Multi Asset Allocation Fund or WhiteOak Capital Multi Asset Allocation Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 29-10-2026 grew to ₹4,44,364 in DSP Multi Asset Allocation Fund (XIRR 12.0% a year) and ₹4,45,439 in WhiteOak Capital Multi Asset Allocation Fund (XIRR 12.1% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both DSP Multi Asset Allocation Fund and WhiteOak Capital Multi Asset Allocation Fund?
Yes. 19.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages DSP Multi Asset Allocation Fund and WhiteOak Capital Multi Asset Allocation Fund?
DSP Multi Asset Allocation Fund: Aparna Karnik, Shantanu Godambe, Ravi Gehani. 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.