ICICI Prudential Multi Asset Allocation Fund vs WhiteOak Capital Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 29-10-2026
ICICI Prudential Multi Asset Allocation Fund and WhiteOak Capital Multi Asset Allocation Fund are both Multi Asset funds. In the 3 years to 29-10-2026, ICICI Prudential Multi Asset Allocation Fund (Direct) returned 12.9% a year and WhiteOak Capital Multi Asset Allocation Fund (Direct) returned 16.1% a year. ICICI Prudential Multi Asset Allocation Fund charges 0.85% a year and WhiteOak Capital Multi Asset Allocation Fund 0.65% (Direct plans). Their portfolios overlap 21.8%: they hold 55 of the same securities.
ICICI Prudential Multi Asset Allocation Fund
Multi Asset
- 3 year return
- 12.9%
- Expense ratio
- 0.85%
- NAV
- ₹853.87
WhiteOak Capital Multi Asset Allocation Fund
Multi Asset
- 3 year return
- 16.1%
- Expense ratio
- 0.65%
- NAV
- ₹16.30
Which is better, ICICI Prudential 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 3 years: 16.1% a year against 12.9%.
- WhiteOak Capital Multi Asset Allocation returned more over 1 year: 6.0% against −3.7%.
- WhiteOak Capital Multi Asset Allocation costs less: 0.65% a year against 0.85% (Direct plans).
- WhiteOak Capital Multi Asset Allocation swung less over 3 years: a standard deviation of 5.7% a year against 8.3%.
- WhiteOak Capital Multi Asset Allocation fell less in its worst fall since 22-05-2023: −6.1% against −9.5%.
- ICICI Prudential Multi Asset Allocation holds more in large companies: 49.2% of the fund in large caps against 19.9%.
- ICICI Prudential Multi Asset Allocation is the larger fund: ₹84,108 Cr against ₹9,111 Cr.
- Their portfolios overlap 21.8%: 55 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 | ICICI Prudential Multi Asset Allocation Fund | WhiteOak Capital Multi Asset Allocation Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | WhiteOak Capital Mutual Fund |
| Category | Multi Asset | Multi Asset |
| AUM | ₹84,108 Cr (30-09-2026) | ₹9,111 Cr (30-09-2026) |
| NAV | ₹853.87 (Direct) | ₹16.30 (Direct) |
| Expense ratio (Direct) | 0.85% | 0.65% |
| Expense ratio (Regular) | 1.43% | 1.67% |
| Riskometer | Not available | High |
| Benchmark | Nifty 200 TRI (65%) + Nifty Composite Debt Index (25%) + Domestic Price of Gold (6%) + Domestic Price of Silver (1%) + i | 30% BSE 500 TRI + 50% CRISIL Short Term Bond Index + 16% Domestic prices of Gold + 1% Domestic prices of Silver + 3% iCO |
| Launch date | 31-10-2002 | 19-05-2023 |
| Minimum investment | ₹500 | ₹500 |
| Lock in | None | None |
| Fund managers | Sankaran Naren, Manish Banthia, Gaurav Chikane, Sharmila D'silva, Antariksha Banerjee, Akhil Kakkar, Masoomi Jurmarvala | Ramesh Mantri, Piyush Baranwal, Dheeresh Pathak, Ashish Agrawal, Trupti Agrawal |
| Exit load | Exit Load for units in excess of 30% of the investment,1% will be charged for redemption within 365 days. | Nil |
ICICI Prudential 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 |
|---|---|---|---|---|---|---|---|
| ICICI Prudential Multi Asset Allocation Fund (Direct) | −1.72% | −5.05% | −3.78% | −3.66% | +12.92% | +13.95% | +14.80% |
| 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.
ICICI Prudential Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation: Year-wise Returns
| Year | ICICI PrudentialICICI Prudential Multi Asset Allocation | WhiteOak CapitalWhiteOak Capital Multi Asset Allocation |
|---|---|---|
| 2026to date | −5.73% | +4.15% |
| 2025 | +19.46% | +18.39% |
| 2024 | +17.08% | +18.99% |
| 2023 | +24.98% | -- |
| 2022 | +17.61% | -- |
| 2021 | +35.54% | -- |
ICICI Prudential Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 110 of them, one for each trading day from 22-05-2026 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.
ICICI Prudential Multi Asset Allocation Fund (Direct)
WhiteOak Capital Multi Asset Allocation Fund (Direct)
to
Jun 2026Jul 2023
to
Jul 2026Jul 2023
to
Jul 2026Aug 2023
to
Aug 2026Sept 2023
to
Sept 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ICICI Prudential Multi Asset Allocation | 0.0 | 0.0 | 0.0 | 32.7 | 67.3 | 0.0 | 0.0 | 15.6% | 16.1% | 12.4% | 18.4% |
| WhiteOak Capital Multi Asset Allocation | 0.0 | 0.0 | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 16.9% | 16.8% | 15.7% | 17.9% |
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 22-05-2023. Past returns do not promise future returns.
ICICI Prudential 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 02-05-2023 to 29-10-2026: 42 instalments, ₹4,20,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential Multi Asset AllocationICICI Prudential Multi Asset Allocation Fund (Direct) | ₹4,20,000 | ₹4,81,163 | ₹61,163 | 7.8% |
| WhiteOak Capital Multi Asset AllocationWhiteOak Capital Multi Asset Allocation Fund (Direct) | ₹4,20,000 | ₹5,25,075 | ₹1,05,075 | 12.9% |
ICICI Prudential Multi Asset AllocationICICI Prudential 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.
ICICI Prudential 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 | ICICI Prudential Multi Asset Allocation Fund (Direct) | WhiteOak Capital Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −3.66% | +6.03% |
| Standard deviation | 10.29% | 6.99% |
| Sharpe ratio | -0.86 | 0.11 |
| Sortino ratio | -1.16 | 0.16 |
| Maximum drawdown | −9.5% (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 | ICICI Prudential Multi Asset Allocation Fund (Direct) | WhiteOak Capital Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.92% | +16.11% |
| Standard deviation | 8.29% | 5.74% |
| Sharpe ratio | 0.83 | 1.76 |
| Sortino ratio | 1.16 | 2.50 |
| Maximum drawdown | −9.5% (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 | ICICI Prudential Multi Asset Allocation Fund (Direct) | WhiteOak Capital Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.43% | +15.15% |
| Standard deviation | 11.61% | 5.49% |
| Sharpe ratio | 0.81 | 1.64 |
| Sortino ratio | 1.11 | 2.34 |
| Maximum drawdown | −30.6% (23-03-2020) | −6.1% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 02-01-2013 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.
ICICI Prudential 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 |
|---|---|---|---|---|---|---|
| ICICI Prudential Multi Asset Allocation Fund (Direct) | −9.5% | 11-02-2026 | 23-03-2026 | Not yet | -- | −7.1% |
| 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 22-05-2023, 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.
ICICI Prudential 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.
ICICI Prudential Multi Asset Allocation Fund (Direct)
WhiteOak Capital Multi Asset Allocation Fund (Direct)
ICICI Prudential Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Multi Asset Allocation Fund, September 2026; WhiteOak Capital Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 21.8%
- Held by both
- 55
- Only in ICICI Prudential Multi Asset Allocation
- 171
- Only in WhiteOak Capital Multi Asset Allocation
- 145
| Security | % of ICICI Prudential Multi Asset Allocation | % of WhiteOak Capital Multi Asset Allocation |
|---|---|---|
| ICICI Bank Ltd. | 3.57% | 2.89% |
| ICICI Prudential Gold ETF | 10.07% | 2.82% |
| Government Securities | 2.11% | 2.16% |
| Bharti Airtel Ltd. | 1.55% | 1.41% |
| HDFC Bank Ltd. | 6.07% | 1.30% |
| State Bank Of India | 0.98% | 0.83% |
| Reliance Industries Ltd. | 3.17% | 0.80% |
| Mahindra & Mahindra Ltd. | 0.70% | 0.79% |
| Kotak Mahindra Bank Ltd. | 1.30% | 0.69% |
| EMBASSY OFFICE PARKS REIT | 0.53% | 2.88% |
| Maruti Suzuki India Ltd. | 1.37% | 0.49% |
| Axis Bank Ltd. | 2.34% | 0.48% |
| 182 Days Treasury Bills | 0.42% | 0.36% |
| Infosys Ltd. | 1.14% | 0.34% |
| Bharat Electronics Ltd. | 0.31% | 0.48% |
| Tata Consultancy Services Ltd. | 0.67% | 0.29% |
| Hindalco Industries Ltd. | 0.36% | 0.29% |
| Larsen & Toubro Ltd. | 0.82% | 0.28% |
| Nestle India Ltd. | 0.27% | 1.18% |
| Tech Mahindra Ltd. | 0.43% | 0.27% |
| 91 Days Treasury Bills | 0.27% | 0.55% |
| Brookfield India Real Estate Trust REIT | 0.26% | 1.59% |
| 91 Days Treasury Bills | 0.26% | 0.46% |
| Bajaj Finserv Ltd. | 2.55% | 0.26% |
| Small Industries Development Bank Of India. | 0.20% | 0.76% |
| Ultratech Cement Ltd. | 0.20% | 0.52% |
| Tata Steel Ltd. | 0.70% | 0.18% |
| Vedanta Aluminium Metal Ltd. | 0.45% | 0.18% |
| Cipla Ltd. | 0.18% | 0.23% |
| Muthoot Finance Ltd. | 0.18% | 0.27% |
| Sun Pharmaceutical Industries Ltd. | 1.01% | 0.17% |
| Info Edge (India) Ltd. | 0.65% | 0.17% |
| Biocon Ltd. | 0.38% | 0.17% |
| NTPC Ltd. | 1.41% | 0.16% |
| Asian Paints Ltd. | 0.56% | 0.16% |
| Pidilite Industries Ltd. | 0.20% | 0.16% |
| Titan Company Ltd. | 0.13% | 0.54% |
| Oil & Natural Gas Corporation Ltd. | 0.65% | 0.12% |
| Rural Electrification Corporation Ltd. | 0.12% | 0.53% |
| Nexus Select Trust | 0.10% | 3.64% |
| Oil India Ltd. | 0.09% | 0.19% |
| Cube Highways Trust | 0.08% | 2.53% |
| Vertis Infrastructure Trust | 0.07% | 0.36% |
| AIA Engineering Ltd. | 0.37% | 0.07% |
| Manipal Health Enterprises Ltd. | 0.29% | 0.07% |
| National Stock Exchange of India Ltd. | 0.06% | 0.41% |
| Godrej Industries Ltd. | 0.06% | 0.16% |
| Small Industries Development Bank Of India. | 0.06% | 1.09% |
| Cholamandalam Investment And Finance Company Ltd. | 0.05% | 0.15% |
| Rainbow Childrens Medicare Ltd | 0.21% | 0.05% |
| SBI Life Insurance Company Ltd. | 0.53% | 0.04% |
| Bajaj Finance Ltd. | 0.02% | 0.31% |
| SBI Funds Management Ltd. | 0.02% | 0.06% |
| Raajmarg Infra Investment Trust | 0.02% | 0.91% |
| JSW Steel Ltd. | 0.02% | 0.05% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 21.8% means 21.8% 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 ICICI Prudential Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| Life Insurance Corporation of India | 3.76% |
| Interglobe Aviation Ltd. | 1.89% |
| ITC Ltd. | 1.62% |
| Hindustan Unilever Ltd. | 1.51% |
| SBI Cards & Payment Services Ltd. | 1.44% |
Largest holdings only in WhiteOak Capital Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| Knowledge Realty Trust | 2.18% |
| DSP Gold ETF | 1.75% |
| Citius Transnet Investment Trust | 1.64% |
| 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 | ICICI Prudential Multi Asset Allocation | WhiteOak Capital Multi Asset Allocation |
|---|---|---|
| Equity | 67.3% | 28.2% |
| Debt | 15.0% | 31.0% |
| Cash and others | 17.7% | 40.8% |
Market cap of stocks
| Market cap | ICICI Prudential Multi Asset Allocation | WhiteOak Capital Multi Asset Allocation |
|---|---|---|
| Large Cap | 49.2% | 19.9% |
| Mid Cap | 12.1% | 3.1% |
| Small Cap | 5.4% | 3.5% |
| Foreign stocks | 0.2% | 0.4% |
| Not on AMFI's list | 0.4% | 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 | ICICI Prudential Multi Asset Allocation | WhiteOak Capital Multi Asset Allocation |
|---|---|---|
| Banks | 15.5% | 6.2% |
| Insurance | 6.5% | 0.2% |
| Finance | 4.5% | 1.7% |
| Automobiles | 4.1% | 1.3% |
| Petroleum Products | 3.4% | 0.8% |
| Retailing | 3.3% | 1.3% |
| Pharmaceuticals & Biotechnology | 2.8% | 1.9% |
| IT - Software | 0.0% | 2.0% |
| Telecom - Services | 1.6% | 1.4% |
| Food Products | 0.8% | 1.4% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Multi Asset Allocation Fund | WhiteOak Capital Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.85% | 0.65% |
| Base expense ratio (Direct) | 0.57% | 0.38% |
| Total expense ratio (Regular) | 1.43% | 1.67% |
| Base expense ratio (Regular) | 1.07% | 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 ICICI Prudential Multi Asset Allocation with
Compare WhiteOak Capital Multi Asset Allocation with
ICICI Prudential Multi Asset Allocation Fund vs WhiteOak Capital Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Multi Asset Allocation Fund and WhiteOak Capital Multi Asset Allocation Fund?
Both are Multi Asset funds, run by ICICI Prudential Mutual Fund and WhiteOak Capital Mutual Fund. Their portfolios overlap 21.8%. ICICI Prudential Multi Asset Allocation Fund charges 0.85% a year and WhiteOak Capital Multi Asset Allocation Fund 0.65%.
Which has given higher returns, ICICI Prudential Multi Asset Allocation Fund or WhiteOak Capital Multi Asset Allocation Fund?
Over 1 year: ICICI Prudential Multi Asset Allocation Fund −3.66%, WhiteOak Capital Multi Asset Allocation Fund +6.03%. Over 3 years: ICICI Prudential Multi Asset Allocation Fund +12.92% 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, ICICI Prudential Multi Asset Allocation Fund or WhiteOak Capital Multi Asset Allocation Fund?
WhiteOak Capital Multi Asset Allocation Fund charges less: 0.65% a year against 0.85%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Multi Asset Allocation Fund and WhiteOak Capital Multi Asset Allocation Fund overlap?
21.8%. They hold 55 of the same securities, the largest shared ones being ICICIBANK, GOLDIETF, Government Securities. From each fund's latest monthly portfolio.
Which is better for SIP, ICICI Prudential 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 ₹4,05,051 in ICICI Prudential Multi Asset Allocation Fund (XIRR 5.8% 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 ICICI Prudential Multi Asset Allocation Fund and WhiteOak Capital Multi Asset Allocation Fund?
Yes. 21.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages ICICI Prudential Multi Asset Allocation Fund and WhiteOak Capital Multi Asset Allocation Fund?
ICICI Prudential Multi Asset Allocation Fund: Sankaran Naren, Manish Banthia, Gaurav Chikane, Sharmila D'silva, Antariksha Banerjee, Akhil Kakkar, Masoomi Jurmarvala. 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.