Invesco India Financial Services Fund vs WhiteOak Capital Banking & Financial Services Fund
Direct Plan, Growth option · Data as on 30-10-2026
Invesco India Financial Services Fund is a Sectoral fund and WhiteOak Capital Banking & Financial Services Fund is a Sectoral fund. In the year to 30-10-2026, Invesco India Financial Services Fund (Direct) returned −2.2% and WhiteOak Capital Banking & Financial Services Fund (Direct) returned −6.0%. Invesco India Financial Services Fund charges 0.96% a year and WhiteOak Capital Banking & Financial Services Fund 1.06% (Direct plans). Their portfolios overlap 43.0%: they hold 19 of the same securities.
Invesco India Financial Services Fund
Sectoral
- 1 year return
- −2.2%
- Expense ratio
- 0.96%
- NAV
- ₹166.82
WhiteOak Capital Banking & Financial Services Fund
Sectoral
- 1 year return
- −6.0%
- Expense ratio
- 1.06%
- NAV
- ₹12.53
Which is better, Invesco India Financial Services or WhiteOak Capital Banking & Financial Services? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Invesco India Financial Services returned more over 1 year: −2.2% against −6.0%.
- Invesco India Financial Services costs less: 0.96% a year against 1.06% (Direct plans).
- Invesco India Financial Services fell less in its worst fall since 07-02-2024: −14.9% against −16.2%.
- Invesco India Financial Services is the larger fund: ₹1,789 Cr against ₹626 Cr.
- Their portfolios overlap 43.0%: 19 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 | Invesco India Financial Services Fund | WhiteOak Capital Banking & Financial Services Fund |
|---|---|---|
| Fund house | Invesco Mutual Fund | WhiteOak Capital Mutual Fund |
| Category | Sectoral | Sectoral |
| AUM | ₹1,789 Cr (30-09-2026) | ₹626 Cr (30-09-2026) |
| NAV | ₹166.82 (Direct) | ₹12.53 (Direct) |
| Expense ratio (Direct) | 0.96% | 1.06% |
| Expense ratio (Regular) | 2.18% | 2.73% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Financial Services TRI | Nifty Financial Services TRI |
| Launch date | 14-07-2008 | 06-02-2024 |
| Minimum investment | Not available | ₹500 |
| Lock in | None | None |
| Fund managers | Hiten Jain, Haresh Kapoor | Ramesh Mantri, Piyush Baranwal, Trupti Agrawal, Dheeresh Pathak, Ashish Agrawal |
| Exit load | Exit load for units in excess of 10% of the investment, 1% will be charged for redemption within 1 year. | Nil |
Invesco India Financial Services vs WhiteOak Capital Banking & Financial Services: 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 |
|---|---|---|---|---|---|---|---|
| Invesco India Financial Services Fund (Direct) | −0.67% | −5.87% | −1.64% | −2.22% | +15.03% | +12.58% | +14.83% |
| WhiteOak Capital Banking & Financial Services Fund (Direct) | −2.85% | −7.58% | −2.53% | −6.00% | -- | -- | -- |
| Sectoral average | −1.70% | −4.49% | +2.30% | −0.58% | -- | -- | -- |
Category average: the average of the 20 Sectoral funds, same plan type.
Invesco India Financial Services vs WhiteOak Capital Banking & Financial Services: Year-wise Returns
| Year | Invesco IndiaInvesco India Financial Services | WhiteOak Capital Banking &WhiteOak Capital Banking & Financial Services | Nifty Financial Services TRI |
|---|---|---|---|
| 2026to date | −4.74% | −6.90% | −9.69% |
| 2025 | +16.58% | +16.05% | +18.60% |
| 2024 | +21.45% | -- | +10.52% |
| 2023 | +27.66% | -- | +14.31% |
| 2022 | +14.38% | -- | +10.47% |
| 2021 | +15.62% | -- | +14.55% |
Invesco India Financial Services vs WhiteOak Capital Banking & Financial Services: Rolling Returns
Every holding period of both funds, against Nifty Financial Services TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 424 of them, one for each trading day from 07-02-2025 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.
Invesco India Financial Services Fund (Direct)
WhiteOak Capital Banking & Financial Services Fund (Direct)
Nifty Financial Services TRI
to
Mar 2025Jul 2024
to
Jul 2025Oct 2024
to
Oct 2025Feb 2025
to
Feb 2026May 2025
to
May 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 | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Invesco India Financial Services | 1.7 | 8.0 | 30.9 | 25.0 | 22.2 | 7.3 | 5.0 | 12.5% | 12.0% | −3.9% | 30.1% | 48% |
| WhiteOak Capital Banking & Financial Services | 3.8 | 14.2 | 20.0 | 21.2 | 23.6 | 14.9 | 2.4 | 12.4% | 12.6% | −6.6% | 28.4% | 66% |
| Nifty Financial Services TRI | 20.5 | 14.2 | 5.0 | 18.4 | 23.3 | 17.2 | 1.4 | 10.5% | 13.6% | −10.9% | 26.9% | -- |
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. The benchmark is Nifty Financial Services 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 07-02-2024. Past returns do not promise future returns.
Invesco India Financial Services vs WhiteOak Capital Banking & Financial Services: 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 01-02-2024 to 30-10-2026: 33 instalments, ₹3,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Invesco India Financial ServicesInvesco India Financial Services Fund (Direct) | ₹3,30,000 | ₹3,55,010 | ₹25,010 | 5.3% |
| WhiteOak Capital Banking & Financial ServicesWhiteOak Capital Banking & Financial Services Fund (Direct) | ₹3,30,000 | ₹3,46,236 | ₹16,236 | 3.4% |
Invesco India Financial ServicesInvesco India Financial Services Fund (Direct)
WhiteOak Capital Banking & Financial ServicesWhiteOak Capital Banking & Financial Services 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.
Invesco India Financial Services vs WhiteOak Capital Banking & Financial Services: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Invesco India Financial Services Fund (Direct) | WhiteOak Capital Banking & Financial Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | −2.22% | −6.00% |
| Standard deviation | 17.82% | 17.36% |
| Sharpe ratio | -0.42 | -0.65 |
| Sortino ratio | -0.59 | -0.89 |
| Maximum drawdown | −14.7% (30-03-2026) | −16.2% (30-03-2026) |
| Beta | 0.97 | 0.96 |
| Alpha | +6.17% | +2.31% |
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 | Invesco India Financial Services Fund (Direct) | WhiteOak Capital Banking & Financial Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.95% | +8.54% |
| Standard deviation | 19.99% | 16.05% |
| Sharpe ratio | 0.45 | 0.16 |
| Sortino ratio | 0.62 | 0.22 |
| Maximum drawdown | −42.4% (23-03-2020) | −16.2% (30-03-2026) |
| Beta | 0.91 | 0.94 |
| Alpha | +2.67% | +0.35% |
From daily NAVs, 02-01-2013 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.
Invesco India Financial Services Fund (Direct)
WhiteOak Capital Banking & Financial Services Fund (Direct)
Nifty Financial Services TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Invesco India Financial Services Fund (Direct) | −14.9% | 10-12-2024 | 03-03-2025 | 19-05-2025 | 3 months | −8.6% |
| WhiteOak Capital Banking & Financial Services Fund (Direct) | −16.2% | 18-02-2026 | 30-03-2026 | 06-07-2026 | 3 months | −9.8% |
| Nifty Financial Services TRI | −17.3% | 18-02-2026 | 30-03-2026 | Not yet | -- | −12.4% |
From daily values since 07-02-2024, 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.
Invesco India Financial Services Fund (Direct)
WhiteOak Capital Banking & Financial Services Fund (Direct)
Nifty Financial Services TRI
Against Nifty Financial Services TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Invesco India Financial Services Fund (Direct) | 104% | 94% | 6.43% |
| WhiteOak Capital Banking & Financial Services Fund (Direct) | 98% | 91% | 5.35% |
From month-end values since 07-02-2024. 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.
Invesco India Financial Services vs WhiteOak Capital Banking & Financial Services: Portfolio Overlap
From each fund's latest monthly portfolio: Invesco India Financial Services Fund, September 2026; WhiteOak Capital Banking & Financial Services Fund, September 2026
Holdings in common
- Overlap
- 43.0%
- Held by both
- 19
- Only in Invesco India Financial Services
- 15
- Only in WhiteOak Capital Banking & Financial Services
- 37
| Security | % of Invesco India Financial Services | % of WhiteOak Capital Banking & Financial Services |
|---|---|---|
| ICICI Bank Limited | 12.84% | 12.51% |
| HDFC Bank Limited | 5.98% | 8.47% |
| Axis Bank Limited | 6.95% | 5.07% |
| Kotak Mahindra Bank Ltd | 4.38% | 6.84% |
| Multi Commodity Exchange of India Limited | 4.63% | 2.46% |
| Shriram Finance Limited | 4.02% | 1.98% |
| Cholamandalam Investment and Finance Company Limited | 3.54% | 1.88% |
| Max Financial Services Limited | 1.33% | 1.67% |
| SBI Life Insurance Company Limited | 2.52% | 1.25% |
| IndusInd Bank Limited | 2.02% | 0.97% |
| CARE Ratings Limited | 1.44% | 0.89% |
| The Federal Bank Limited | 2.10% | 0.83% |
| ICICI Lombard General Insurance Company Limited | 1.60% | 0.77% |
| Aadhar Housing Finance Limited | 1.45% | 0.73% |
| Onemi Technology Solutions Limited | 0.68% | 1.33% |
| Tata Capital Limited | 0.84% | 0.66% |
| PB Fintech Limited | 1.34% | 0.33% |
| Computer Age Management Services Limited | 2.35% | 0.25% |
| BSE Limited | 3.85% | 0.06% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 43.0% means 43.0% 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 Invesco India Financial Services Fund
| Security | % of fund |
|---|---|
| Karur Vysya Bank Limited | 5.13% |
| ICICI Prudential Asset Management Company Limited | 4.21% |
| Nuvama Wealth Management Ltd | 3.45% |
| Indian Bank | 2.95% |
| Gaja Alternative Asset Management Ltd | 2.17% |
Largest holdings only in WhiteOak Capital Banking & Financial Services Fund
| Security | % of fund |
|---|---|
| State Bank of India | 3.68% |
| Bajaj Finance Limited | 3.16% |
| Bajaj Finserv Limited | 2.89% |
| Five Star Business Finance Limited | 2.77% |
| PNB Housing Finance Limited | 2.69% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Invesco India Financial Services | WhiteOak Capital Banking & Financial Services |
|---|---|---|
| Equity | 95.7% | 92.4% |
| Debt | 0.0% | 3.5% |
| Cash and others | 4.3% | 4.1% |
Market cap of stocks
| Market cap | Invesco India Financial Services | WhiteOak Capital Banking & Financial Services |
|---|---|---|
| Large Cap | 53.8% | 51.7% |
| Mid Cap | 15.6% | 12.1% |
| Small Cap | 24.2% | 25.0% |
| Not on AMFI's list | 2.2% | 3.6% |
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 | Invesco India Financial Services | WhiteOak Capital Banking & Financial Services |
|---|---|---|
| Banks | 45.3% | 43.6% |
| Finance | 17.0% | 33.0% |
| Capital Markets | 26.1% | 9.4% |
| Insurance | 5.5% | 6.0% |
| Financial Technology (Fintech) | 1.9% | 0.3% |
The six largest sectors of each fund's stocks, % of the fund.
Invesco India Financial Services vs WhiteOak Capital Banking & Financial Services: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Invesco India Financial Services Fund | WhiteOak Capital Banking & Financial Services Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.96% | 1.06% |
| Base expense ratio (Direct) | 0.71% | 0.65% |
| Total expense ratio (Regular) | 2.18% | 2.73% |
| Base expense ratio (Regular) | 1.78% | 2.06% |
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 Invesco India Financial Services with
Compare WhiteOak Capital Banking & Financial Services with
Invesco India Financial Services Fund vs WhiteOak Capital Banking & Financial Services Fund: Frequently Asked Questions
What is the difference between Invesco India Financial Services Fund and WhiteOak Capital Banking & Financial Services Fund?
Invesco India Financial Services Fund is a Sectoral fund, WhiteOak Capital Banking & Financial Services Fund is a Sectoral fund, run by Invesco Mutual Fund and WhiteOak Capital Mutual Fund. Their portfolios overlap 43.0%. Invesco India Financial Services Fund charges 0.96% a year and WhiteOak Capital Banking & Financial Services Fund 1.06%.
Which has given higher returns, Invesco India Financial Services Fund or WhiteOak Capital Banking & Financial Services Fund?
Over 1 year: Invesco India Financial Services Fund −2.22%, WhiteOak Capital Banking & Financial Services Fund −6.00%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Invesco India Financial Services Fund or WhiteOak Capital Banking & Financial Services Fund?
Invesco India Financial Services Fund charges less: 0.96% a year against 1.06%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Invesco India Financial Services Fund and WhiteOak Capital Banking & Financial Services Fund overlap?
43.0%. They hold 19 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, AXISBANK. From each fund's latest monthly portfolio.
Which is riskier, Invesco India Financial Services Fund or WhiteOak Capital Banking & Financial Services Fund?
On SEBI's riskometer, Invesco India Financial Services Fund is rated Very High and WhiteOak Capital Banking & Financial Services Fund Very High. Over 1 years, the standard deviation of daily returns was 17.82% and 17.36% a year.
Can I invest in both Invesco India Financial Services Fund and WhiteOak Capital Banking & Financial Services Fund?
Yes. 43.0% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Invesco India Financial Services Fund and WhiteOak Capital Banking & Financial Services Fund?
Invesco India Financial Services Fund: Hiten Jain, Haresh Kapoor. WhiteOak Capital Banking & Financial Services Fund: Ramesh Mantri, Piyush Baranwal, Trupti Agrawal, Dheeresh Pathak, Ashish 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.