Groww NIFTY 200 ETF vs WhiteOak Capital Equity Savings Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Groww NIFTY 200 ETF is an ETF fund and WhiteOak Capital Equity Savings Fund is an Equity Savings fund. In the year to 30-10-2026, Groww NIFTY 200 ETF returned −8.2% and WhiteOak Capital Equity Savings Fund (Direct) returned 4.3%. Groww NIFTY 200 ETF charges 0.43% a year and WhiteOak Capital Equity Savings Fund 1.51%. Their portfolios overlap 36.8%: they hold 72 of the same securities.
WhiteOak Capital Equity Savings Fund
Equity Savings
- 1 year return
- 4.3%
- Expense ratio
- 1.51%
- NAV
- ₹11.71
Which is better, Groww NIFTY 200 ETF or WhiteOak Capital Equity Savings? 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 Equity Savings returned more over 1 year: 4.3% against −8.2%.
- Groww NIFTY 200 ETF costs less: 0.43% a year against 1.51%.
- WhiteOak Capital Equity Savings fell less in its worst fall since 13-03-2025: −3.8% against −14.8%.
- Groww NIFTY 200 ETF holds more in large companies: 79.6% of the fund in large caps against 49.5%.
- WhiteOak Capital Equity Savings is the larger fund: ₹271 Cr against ₹16 Cr.
- Their portfolios overlap 36.8%: 72 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 | Groww NIFTY 200 ETF | WhiteOak Capital Equity Savings Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | WhiteOak Capital Mutual Fund |
| Category | ETF | Equity Savings |
| AUM | ₹16 Cr (30-09-2026) | ₹271 Cr (30-09-2026) |
| NAV | ₹10.72 | ₹11.71 (Direct) |
| Expense ratio (Direct) | Not available | 1.51% |
| Expense ratio (Regular) | Not available | 2.99% |
| Riskometer | Very High | Moderate |
| Benchmark | Nifty 200 TRI | Nifty Equity Savings TRI |
| Launch date | 25-02-2025 | 12-03-2025 |
| Minimum investment | ₹500 | ₹500 |
| Lock in | None | None |
| Fund managers | Nikhil Satam, Aakash Chauhan, Shashi Kumar | Ramesh Mantri, Piyush Baranwal, Trupti Agrawal, Dheeresh Pathak, Ashish Agrawal, Bhavin Patadia |
| Exit load | Nil | Nil |
Groww NIFTY 200 ETF vs WhiteOak Capital Equity Savings: 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 |
|---|---|---|---|---|---|---|---|
| Groww NIFTY 200 ETF | +0.13% | −6.00% | −3.35% | −8.21% | -- | -- | -- |
| WhiteOak Capital Equity Savings Fund (Direct) | +0.01% | −0.36% | +2.93% | +4.28% | -- | -- | -- |
| Equity Savings average | −0.02% | −0.68% | +1.71% | +2.12% | -- | -- | -- |
Category average: the average of the 23 Equity Savings funds, same plan type.
Groww NIFTY 200 ETF vs WhiteOak Capital Equity Savings: Year-wise Returns
| Year | Groww NIFTY 200 ETFGroww NIFTY 200 ETF | WhiteOak Capital Equity SavingsWhiteOak Capital Equity Savings |
|---|---|---|
| 2026to date | −8.79% | +2.68% |
Groww NIFTY 200 ETF vs WhiteOak Capital Equity Savings: Rolling Returns
Every holding period of both funds, against Nifty 200 TRI, the benchmark of Groww NIFTY 200 ETF
Rolling returns
Every 1-year holding period, 155 of them, one for each trading day from 13-03-2026 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.
Groww NIFTY 200 ETF
WhiteOak Capital Equity Savings Fund (Direct)
Nifty 200 TRI
to
Mar 2026May 2025
to
May 2026Jun 2025
to
Jun 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 2026Oct 2025
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 | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Groww NIFTY 200 ETF | 49.0 | 40.0 | 10.3 | 0.6 | 0.0 | 0.0 | 0.0 | 0.1% | 0.1% | −9.9% | 10.2% | 0% |
| WhiteOak Capital Equity Savings | 0.0 | 7.1 | 78.1 | 14.8 | 0.0 | 0.0 | 0.0 | 8.5% | 8.9% | 3.7% | 12.5% | 100% |
| Nifty 200 TRI | 44.5 | 42.6 | 12.3 | 0.6 | 0.0 | 0.0 | 0.0 | 0.5% | 0.5% | −9.6% | 10.7% | -- |
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. The benchmark is Nifty 200 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 13-03-2025. Past returns do not promise future returns.
Groww NIFTY 200 ETF vs WhiteOak Capital Equity Savings: 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 03-03-2025 to 30-10-2026: 20 instalments, ₹2,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Groww NIFTY 200 ETFGroww NIFTY 200 ETF | ₹2,00,000 | ₹1,93,781 | −₹6,219 | −3.6% |
| WhiteOak Capital Equity SavingsWhiteOak Capital Equity Savings Fund (Direct) | ₹2,00,000 | ₹2,11,300 | ₹11,300 | 6.5% |
Groww NIFTY 200 ETFGroww NIFTY 200 ETF
WhiteOak Capital Equity SavingsWhiteOak Capital Equity Savings 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.
Groww NIFTY 200 ETF vs WhiteOak Capital Equity Savings: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Groww NIFTY 200 ETF | WhiteOak Capital Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.21% | +4.28% |
| Standard deviation | 14.33% | 3.74% |
| Sharpe ratio | -0.94 | -0.26 |
| Sortino ratio | -1.24 | -0.35 |
| Maximum drawdown | −14.8% (31-03-2026) | −3.8% (23-03-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.38% | -- |
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 | Groww NIFTY 200 ETF | WhiteOak Capital Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.51% | +10.18% |
| Standard deviation | 13.84% | 3.78% |
| Sharpe ratio | -0.07 | 1.26 |
| Sortino ratio | -0.09 | 1.87 |
| Maximum drawdown | −14.8% (31-03-2026) | −3.8% (23-03-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.43% | -- |
From daily NAVs, 27-02-2025 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.
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.
Groww NIFTY 200 ETF
WhiteOak Capital Equity Savings Fund (Direct)
Nifty 200 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Groww NIFTY 200 ETF | −14.8% | 02-01-2026 | 31-03-2026 | Not yet | -- | −9.7% |
| WhiteOak Capital Equity Savings Fund (Direct) | −3.8% | 11-02-2026 | 23-03-2026 | 17-06-2026 | 3 months | −1.3% |
| Nifty 200 TRI | −14.8% | 02-01-2026 | 30-03-2026 | Not yet | -- | −9.4% |
From daily values since 13-03-2025, 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.
Groww NIFTY 200 ETF
WhiteOak Capital Equity Savings Fund (Direct)
Nifty 200 TRI
Against Nifty 200 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Groww NIFTY 200 ETF | 98% | 101% | 0.06% |
| WhiteOak Capital Equity Savings Fund (Direct) | 50% | 5% | 11.46% |
From month-end values since 13-03-2025. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Groww NIFTY 200 ETF vs WhiteOak Capital Equity Savings: Portfolio Overlap
From each fund's latest monthly portfolio: Groww NIFTY 200 ETF, September 2026; WhiteOak Capital Equity Savings Fund, September 2026
Holdings in common
- Overlap
- 36.8%
- Held by both
- 72
- Only in Groww NIFTY 200 ETF
- 128
- Only in WhiteOak Capital Equity Savings
- 64
| Security | % of Groww NIFTY 200 ETF | % of WhiteOak Capital Equity Savings |
|---|---|---|
| ICICI Bank Limited | 5.86% | 9.66% |
| HDFC Bank Limited | 6.72% | 5.84% |
| Bharti Airtel Limited | 3.31% | 2.68% |
| Axis Bank Limited | 2.18% | 1.80% |
| Kotak Mahindra Bank Limited | 1.90% | 1.68% |
| State Bank of India | 2.45% | 1.50% |
| Eternal Limited | 1.43% | 1.73% |
| Reliance Industries Limited | 4.91% | 0.99% |
| Hindalco Industries Limited | 0.84% | 1.92% |
| Mahindra & Mahindra Limited | 1.63% | 0.61% |
| Adani Enterprises Limited | 0.61% | 2.09% |
| TVS Motor Company Limited | 0.60% | 1.72% |
| Nestle India Limited | 0.58% | 0.65% |
| Bajaj Finserv Limited | 0.62% | 0.58% |
| The Federal Bank Limited | 0.48% | 1.05% |
| Bharat Electronics Limited | 0.86% | 0.48% |
| SBI Life Insurance Company Limited | 0.47% | 1.60% |
| Titan Company Limited | 1.17% | 0.45% |
| Torrent Pharmaceuticals Limited | 0.43% | 0.47% |
| Cummins India Limited | 0.40% | 1.16% |
| UltraTech Cement Limited | 0.80% | 0.38% |
| Coforge Limited | 0.38% | 2.80% |
| AU Small Finance Bank Limited | 0.36% | 1.31% |
| Maruti Suzuki India Limited | 0.96% | 0.36% |
| HDFC Life Insurance Company Limited | 0.35% | 0.85% |
| Power Finance Corporation Limited | 0.29% | 0.44% |
| Ashok Leyland Limited | 0.27% | 1.45% |
| Cipla Limited | 0.47% | 0.27% |
| Larsen & Toubro Limited | 2.72% | 0.25% |
| Apollo Hospitals Enterprise Limited | 0.51% | 0.23% |
| Vodafone Idea Limited | 0.22% | 4.44% |
| Jio Financial Services Limited | 0.44% | 0.21% |
| PERSISTENT SYSTEMS LTD | 0.35% | 0.21% |
| Tech Mahindra Limited | 0.60% | 0.20% |
| DLF Limited | 0.27% | 0.19% |
| Muthoot Finance Limited | 0.18% | 1.88% |
| MphasiS Limited | 0.18% | 0.28% |
| Tata Consultancy Services Limited | 1.29% | 0.17% |
| Divi's Laboratories Limited | 0.73% | 0.17% |
| Pidilite Industries Limited | 0.28% | 0.17% |
| LTM Limited | 0.23% | 0.17% |
| Steel Authority of India Limited | 0.16% | 0.25% |
| Infosys Limited | 2.17% | 0.16% |
| Biocon Limited | 0.16% | 1.06% |
| Tata Steel Limited | 0.95% | 0.15% |
| Lenskart Solutions Limited | 0.31% | 0.15% |
| Max Financial Services Limited | 0.22% | 0.15% |
| NTPC Limited | 0.95% | 0.14% |
| Oil & Natural Gas Corporation Limited | 0.54% | 0.14% |
| Cholamandalam Invest & Finance Co Ltd | 0.43% | 0.13% |
| ITC Limited | 1.57% | 0.12% |
| Info Edge (India) Limited | 0.29% | 0.12% |
| National Aluminium Company Limited | 0.19% | 0.12% |
| Asian Paints Limited | 0.67% | 0.11% |
| Max Healthcare Institute Limited | 0.43% | 0.11% |
| Mankind Pharma Limited | 0.18% | 0.11% |
| Billionbrains Garage Ventures Ltd. | 0.16% | 0.11% |
| Bharat Heavy Electricals Limited | 0.37% | 0.10% |
| CG Power And Industrial Solutions Ltd | 0.36% | 0.10% |
| PB Fintech Limited | 0.23% | 0.10% |
| Motilal Oswal Financial Services Limited | 0.10% | 0.40% |
| Vedanta Aluminium Metal Limited | 0.43% | 0.09% |
| IndusInd Bank Limited | 0.37% | 0.09% |
| GE Vernova T&D India Limited | 0.32% | 0.09% |
| The Phoenix Mills Limited | 0.22% | 0.09% |
| Fortis Healthcare Limited | 0.25% | 0.08% |
| Bajaj Finance Limited | 1.62% | 0.07% |
| Solar Industries India Limited | 0.29% | 0.07% |
| Oil India Limited | 0.15% | 0.06% |
| 360 ONE WAM LIMITED | 0.17% | 0.05% |
| JSW Steel Limited | 0.75% | 0.04% |
| ICICI Prudential AMC Ltd | 0.11% | 0.02% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 36.8% means 36.8% 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 Groww NIFTY 200 ETF
| Security | % of fund |
|---|---|
| Sun Pharmaceutical Industries Limited | 1.19% |
| Hindustan Unilever Limited | 1.03% |
| Adani Port & Special Economic Zone Ltd | 0.87% |
| Shriram Finance Limited | 0.85% |
| HCL Technologies Limited | 0.80% |
Largest holdings only in WhiteOak Capital Equity Savings Fund
| Security | % of fund |
|---|---|
| 6.28% Government of India (14/07/2032) | 5.15% |
| 6.36% Government of India (16/02/2031) | 2.90% |
| Nexus Select Trust - REIT | 2.69% |
| 6.94% Government of India (11/05/2036) | 2.54% |
| 6.68% Government of India (07/07/2040) | 2.09% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww NIFTY 200 ETF | WhiteOak Capital Equity Savings |
|---|---|---|
| Equity | 99.9% | 65.6% |
| Debt | 0.0% | 19.3% |
| Cash and others | 0.1% | 15.1% |
Market cap of stocks
| Market cap | Groww NIFTY 200 ETF | WhiteOak Capital Equity Savings |
|---|---|---|
| Large Cap | 79.6% | 49.5% |
| Mid Cap | 19.9% | 10.3% |
| Small Cap | 0.3% | 4.9% |
| Not on AMFI's list | 0.0% | 0.8% |
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 | Groww NIFTY 200 ETF | WhiteOak Capital Equity Savings |
|---|---|---|
| Banks | 22.2% | 25.1% |
| Telecom - Services | 3.9% | 7.1% |
| IT - Software | 6.4% | 4.1% |
| Finance | 5.9% | 3.9% |
| Petroleum Products | 5.8% | 1.0% |
| Automobiles | 5.5% | 2.7% |
| Pharmaceuticals & Biotechnology | 5.1% | 2.1% |
| Insurance | 1.6% | 2.6% |
The six largest sectors of each fund's stocks, % of the fund.
Groww NIFTY 200 ETF vs WhiteOak Capital Equity Savings: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww NIFTY 200 ETF | WhiteOak Capital Equity Savings Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.51% |
| Base expense ratio (Direct) | 0.35% | 0.75% |
| Total expense ratio (Regular) | Not available | 2.99% |
| Base expense ratio (Regular) | 0.00% | 2.00% |
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 WhiteOak Capital Equity Savings with
Groww NIFTY 200 ETF vs WhiteOak Capital Equity Savings Fund: Frequently Asked Questions
What is the difference between Groww NIFTY 200 ETF and WhiteOak Capital Equity Savings Fund?
Groww NIFTY 200 ETF is an ETF fund, WhiteOak Capital Equity Savings Fund is an Equity Savings fund, run by Groww Mutual Fund and WhiteOak Capital Mutual Fund. Their portfolios overlap 36.8%. Groww NIFTY 200 ETF charges 0.43% a year and WhiteOak Capital Equity Savings Fund 1.51%.
Which has given higher returns, Groww NIFTY 200 ETF or WhiteOak Capital Equity Savings Fund?
Over 1 year: Groww NIFTY 200 ETF −8.21%, WhiteOak Capital Equity Savings Fund +4.28%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Groww NIFTY 200 ETF or WhiteOak Capital Equity Savings Fund?
Groww NIFTY 200 ETF charges less: 0.43% a year against 1.51%. These are the total expense ratios reported to AMFI.
How much do Groww NIFTY 200 ETF and WhiteOak Capital Equity Savings Fund overlap?
36.8%. They hold 72 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, Groww NIFTY 200 ETF or WhiteOak Capital Equity Savings Fund?
On SEBI's riskometer, Groww NIFTY 200 ETF is rated Very High and WhiteOak Capital Equity Savings Fund Moderate. Over 1 years, the standard deviation of daily returns was 14.33% and 3.74% a year.
Can I invest in both Groww NIFTY 200 ETF and WhiteOak Capital Equity Savings Fund?
Yes. 36.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Groww NIFTY 200 ETF and WhiteOak Capital Equity Savings Fund?
Groww NIFTY 200 ETF: Nikhil Satam, Aakash Chauhan, Shashi Kumar. WhiteOak Capital Equity Savings Fund: Ramesh Mantri, Piyush Baranwal, Trupti Agrawal, Dheeresh Pathak, Ashish Agrawal, Bhavin Patadia.
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.