JM Mid Cap Fund vs WhiteOak Capital Mid Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
JM Mid Cap Fund and WhiteOak Capital Mid Cap Fund are both Mid Cap funds. In the 3 years to 30-10-2026, JM Mid Cap Fund (Direct) returned 17.3% a year and WhiteOak Capital Mid Cap Fund (Direct) returned 20.4% a year. JM Mid Cap Fund charges 0.96% a year and WhiteOak Capital Mid Cap Fund 0.93% (Direct plans). Their portfolios overlap 22.2%: they hold 29 of the same securities.
WhiteOak Capital Mid Cap Fund
Mid Cap
- 3 year return
- 20.4%
- Expense ratio
- 0.93%
- NAV
- ₹21.98
Which is better, JM Mid Cap or WhiteOak Capital Mid Cap? 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 Mid Cap returned more over 3 years: 20.4% a year against 17.3%.
- WhiteOak Capital Mid Cap returned more over 1 year: 3.6% against −0.1%.
- WhiteOak Capital Mid Cap costs less: 0.93% a year against 0.96% (Direct plans).
- WhiteOak Capital Mid Cap swung less over 3 years: a standard deviation of 15.8% a year against 17.9%.
- WhiteOak Capital Mid Cap fell less in its worst fall since 25-11-2022: −19.3% against −22.5%.
- WhiteOak Capital Mid Cap is the larger fund: ₹7,540 Cr against ₹1,303 Cr.
- Their portfolios overlap 22.2%: 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 | JM Mid Cap Fund | WhiteOak Capital Mid Cap Fund |
|---|---|---|
| Fund house | JM Financial Mutual Fund | WhiteOak Capital Mutual Fund |
| Category | Mid Cap | Mid Cap |
| AUM | ₹1,303 Cr (30-09-2026) | ₹7,540 Cr (30-09-2026) |
| NAV | ₹20.79 (Direct) | ₹21.98 (Direct) |
| Expense ratio (Direct) | 0.96% | 0.93% |
| Expense ratio (Regular) | 2.47% | 2.24% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Midcap 150 TRI | BSE Midcap 150 TRI |
| Launch date | 21-11-2022 | 07-09-2022 |
| Minimum investment | ₹1,000 | ₹500 |
| Lock in | None | None |
| Fund managers | Satish Ramanathan, Asit Bhandarkar, Deepak Gupta, Ruchi Fozdar | Ramesh Mantri, Piyush Baranwal, Trupti Agrawal, Dheeresh Pathak, Ashish Agrawal |
| Exit load | In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed/ switched-out within 180 days from the date of allotment, No Exit Load is payable if Units are redeemed / switched-out after 180 days from the date of allotment, No Entry / Exit Load shall be levied on units allotted on Reinvestment of Income Distribution cum Capital Withdrawal Option, In respect of Systematic Transactions such as SIP,STP, SWP, Exit Load, if any, prevailing on the date of registration / enrolment for SIP/STP/SWP shall be levied for all the opted Installments. | Nil |
JM Mid Cap vs WhiteOak Capital Mid Cap: 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 |
|---|---|---|---|---|---|---|---|
| JM Mid Cap Fund (Direct) | −5.08% | −5.86% | +3.24% | −0.08% | +17.31% | -- | -- |
| WhiteOak Capital Mid Cap Fund (Direct) | −2.15% | −4.73% | +4.05% | +3.63% | +20.42% | -- | -- |
| Mid Cap average | −3.36% | −6.03% | −0.14% | −2.17% | +14.75% | -- | -- |
Category average: the average of the 34 Mid Cap funds, same plan type.
JM Mid Cap vs WhiteOak Capital Mid Cap: Year-wise Returns
| Year | JMJM Mid Cap | WhiteOak CapitalWhiteOak Capital Mid Cap |
|---|---|---|
| 2026to date | +3.57% | +3.98% |
| 2025 | −1.16% | +6.68% |
| 2024 | +37.77% | +35.48% |
| 2023 | +47.33% | +43.99% |
JM Mid Cap vs WhiteOak Capital Mid Cap: Rolling Returns
Every holding period of both funds, against Nifty Midcap 150 TRI, the benchmark of JM Mid Cap Fund
Rolling returns
Every 3-year holding period, 229 of them, one for each trading day from 25-11-2025 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.
JM Mid Cap Fund (Direct)
WhiteOak Capital Mid Cap Fund (Direct)
Nifty Midcap 150 TRI
to
Dec 2025Feb 2023
to
Feb 2026Apr 2023
to
Apr 2026Jun 2023
to
Jun 2026Aug 2023
to
Aug 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 | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JM Mid Cap | 0.0 | 0.0 | 0.0 | 0.0 | 16.6 | 48.0 | 35.4 | 23.2% | 24.0% | 15.6% | 27.9% | 100% |
| WhiteOak Capital Mid Cap | 0.0 | 0.0 | 0.0 | 0.0 | 2.2 | 37.1 | 60.7 | 25.5% | 26.0% | 19.1% | 29.6% | 100% |
| Nifty Midcap 150 TRI | 0.0 | 0.0 | 0.0 | 11.8 | 22.3 | 63.8 | 2.2 | 20.8% | 22.0% | 12.7% | 26.0% | -- |
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 Midcap 150 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 25-11-2022. Past returns do not promise future returns.
JM Mid Cap vs WhiteOak Capital Mid Cap: 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 25-11-2022 to 30-10-2026: 48 instalments, ₹4,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| JM Mid CapJM Mid Cap Fund (Direct) | ₹4,80,000 | ₹6,28,057 | ₹1,48,057 | 13.5% |
| WhiteOak Capital Mid CapWhiteOak Capital Mid Cap Fund (Direct) | ₹4,80,000 | ₹6,70,039 | ₹1,90,039 | 16.9% |
JM Mid CapJM Mid Cap Fund (Direct)
WhiteOak Capital Mid CapWhiteOak Capital Mid Cap 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.
JM Mid Cap vs WhiteOak Capital Mid Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | JM Mid Cap Fund (Direct) | WhiteOak Capital Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −0.08% | +3.63% |
| Standard deviation | 18.23% | 15.20% |
| Sharpe ratio | -0.29 | -0.11 |
| Sortino ratio | -0.40 | -0.15 |
| Maximum drawdown | −15.2% (23-03-2026) | −14.0% (23-03-2026) |
| Beta | 1.06 | 0.90 |
| Alpha | +4.83% | +7.82% |
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 | JM Mid Cap Fund (Direct) | WhiteOak Capital Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +17.31% | +20.42% |
| Standard deviation | 17.89% | 15.85% |
| Sharpe ratio | 0.63 | 0.91 |
| Sortino ratio | 0.85 | 1.24 |
| Maximum drawdown | −22.5% (28-02-2025) | −19.3% (07-04-2025) |
| Beta | 1.00 | 0.90 |
| Alpha | +3.48% | +7.68% |
From daily NAVs, 30-10-2023 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 | JM Mid Cap Fund (Direct) | WhiteOak Capital Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +20.35% | +20.72% |
| Standard deviation | 16.62% | 14.65% |
| Sharpe ratio | 0.85 | 0.99 |
| Sortino ratio | 1.15 | 1.36 |
| Maximum drawdown | −22.5% (28-02-2025) | −19.3% (07-04-2025) |
| Beta | 0.99 | 0.89 |
| Alpha | +4.21% | +6.96% |
From daily NAVs, 25-11-2022 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.
JM Mid Cap Fund (Direct)
WhiteOak Capital Mid Cap Fund (Direct)
Nifty Midcap 150 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| JM Mid Cap Fund (Direct) | −22.5% | 24-09-2024 | 28-02-2025 | 15-06-2026 | 16 months | −10.1% |
| WhiteOak Capital Mid Cap Fund (Direct) | −19.3% | 16-12-2024 | 07-04-2025 | 30-06-2025 | 3 months | −8.2% |
| Nifty Midcap 150 TRI | −20.9% | 24-09-2024 | 28-02-2025 | 12-11-2025 | 8 months | −10.5% |
From daily values since 25-11-2022, 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.
JM Mid Cap Fund (Direct)
WhiteOak Capital Mid Cap Fund (Direct)
Nifty Midcap 150 TRI
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.
JM Mid Cap Fund (Direct)
WhiteOak Capital Mid Cap Fund (Direct)
Nifty Midcap 150 TRI
Against Nifty Midcap 150 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| JM Mid Cap Fund (Direct) | 107% | 91% | 6.15% |
| WhiteOak Capital Mid Cap Fund (Direct) | 105% | 84% | 4.53% |
From month-end values since 25-11-2022. 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.
JM Mid Cap vs WhiteOak Capital Mid Cap: Portfolio Overlap
From each fund's latest monthly portfolio: JM Mid Cap Fund, September 2026; WhiteOak Capital Mid Cap Fund, September 2026
Holdings in common
- Overlap
- 22.2%
- Held by both
- 29
- Only in JM Mid Cap
- 43
- Only in WhiteOak Capital Mid Cap
- 120
| Security | % of JM Mid Cap | % of WhiteOak Capital Mid Cap |
|---|---|---|
| Motilal Oswal Financial Services Limited | 2.28% | 2.05% |
| Lenskart Solutions Limited | 2.21% | 1.66% |
| 360 ONE WAM LIMITED | 1.58% | 1.53% |
| Bharat Heavy Electricals Limited | 1.50% | 1.86% |
| Marico Limited | 2.74% | 1.45% |
| Sona BLW Precision Forgings Limited | 2.39% | 1.30% |
| Multi Commodity Exchange of India Ltd. | 2.28% | 1.07% |
| TUBE INVESTMENTS OF INDIA LTD | 2.20% | 0.89% |
| FSN E-Commerce Ventures Limited | 0.98% | 0.87% |
| Alkem Laboratories Limited | 0.99% | 0.84% |
| Mahindra & Mahindra Financial Serv Ltd. | 0.82% | 1.03% |
| PB Fintech Limited | 0.74% | 1.18% |
| National Aluminium Company Limited | 0.73% | 1.12% |
| Hitachi Energy India Limited | 1.05% | 0.72% |
| One 97 Communications Limited | 3.60% | 0.60% |
| Mankind Pharma Limited | 2.89% | 0.58% |
| Navin Fluorine International Limited | 0.58% | 0.76% |
| JSW Infrastructure Limited | 0.49% | 0.94% |
| Billionbrains Garage Ventures Ltd. | 1.41% | 0.49% |
| Hindustan Petroleum Corporation Limited | 0.42% | 0.53% |
| Acutaas Chemicals Limited | 2.28% | 0.42% |
| Hero MotoCorp Limited | 1.01% | 0.41% |
| Coromandel International Limited | 0.38% | 0.62% |
| Aditya Infotech Limited | 0.91% | 0.38% |
| Endurance Technologies Limited | 1.71% | 0.32% |
| CarTrade Tech Limited | 1.22% | 0.31% |
| AVALON TECHNOLOGIES LIMITED | 3.08% | 0.29% |
| Horizon Industrial Parks Limited | 0.53% | 0.20% |
| AU Small Finance Bank Limited | 1.43% | 0.15% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 22.2% means 22.2% 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 JM Mid Cap Fund
| Security | % of fund |
|---|---|
| Godfrey Phillips India Limited | 2.86% |
| IDFC First Bank Limited | 2.84% |
| Bank of Maharashtra | 2.81% |
| Glenmark Pharmaceuticals Limited | 2.66% |
| Ashok Leyland Limited | 2.27% |
Largest holdings only in WhiteOak Capital Mid Cap Fund
| Security | % of fund |
|---|---|
| Bharti Hexacom Limited | 2.78% |
| Coforge Limited | 2.73% |
| The Federal Bank Limited | 2.50% |
| Max Financial Services Limited | 2.48% |
| Laurus Labs Limited | 2.20% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | JM Mid Cap | WhiteOak Capital Mid Cap |
|---|---|---|
| Equity | 98.4% | 85.0% |
| Debt | 0.0% | 4.2% |
| Cash and others | 1.6% | 10.8% |
Market cap of stocks
| Market cap | JM Mid Cap | WhiteOak Capital Mid Cap |
|---|---|---|
| Large Cap | 4.9% | 4.7% |
| Mid Cap | 67.6% | 58.7% |
| Small Cap | 24.4% | 19.6% |
| Not on AMFI's list | 1.5% | 2.0% |
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 | JM Mid Cap | WhiteOak Capital Mid Cap |
|---|---|---|
| Pharmaceuticals & Biotechnology | 12.4% | 9.9% |
| Auto Components | 10.1% | 2.9% |
| Electrical Equipment | 9.1% | 5.0% |
| Capital Markets | 8.7% | 6.0% |
| Banks | 7.9% | 6.3% |
| Retailing | 5.0% | 7.4% |
| Finance | 4.2% | 6.6% |
The six largest sectors of each fund's stocks, % of the fund.
JM Mid Cap vs WhiteOak Capital Mid Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | JM Mid Cap Fund | WhiteOak Capital Mid Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.96% | 0.93% |
| Base expense ratio (Direct) | 0.57% | 0.43% |
| Total expense ratio (Regular) | 2.47% | 2.24% |
| Base expense ratio (Regular) | 1.87% | 1.54% |
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 JM Mid Cap with
JM Mid Cap Fund vs WhiteOak Capital Mid Cap Fund: Frequently Asked Questions
What is the difference between JM Mid Cap Fund and WhiteOak Capital Mid Cap Fund?
Both are Mid Cap funds, run by JM Financial Mutual Fund and WhiteOak Capital Mutual Fund. Their portfolios overlap 22.2%. JM Mid Cap Fund charges 0.96% a year and WhiteOak Capital Mid Cap Fund 0.93%.
Which has given higher returns, JM Mid Cap Fund or WhiteOak Capital Mid Cap Fund?
Over 1 year: JM Mid Cap Fund −0.08%, WhiteOak Capital Mid Cap Fund +3.63%. Over 3 years: JM Mid Cap Fund +17.31% a year, WhiteOak Capital Mid Cap Fund +20.42% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, JM Mid Cap Fund or WhiteOak Capital Mid Cap Fund?
WhiteOak Capital Mid Cap Fund charges less: 0.93% a year against 0.96%. These are the Direct plans' total expense ratios reported to AMFI.
How much do JM Mid Cap Fund and WhiteOak Capital Mid Cap Fund overlap?
22.2%. They hold 29 of the same securities, the largest shared ones being MOTILALOFS, LENSKART, 360ONE. From each fund's latest monthly portfolio.
Which is riskier, JM Mid Cap Fund or WhiteOak Capital Mid Cap Fund?
On SEBI's riskometer, JM Mid Cap Fund is rated Very High and WhiteOak Capital Mid Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 17.89% and 15.85% a year.
Which is better for SIP, JM Mid Cap Fund or WhiteOak Capital Mid Cap Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,13,587 in JM Mid Cap Fund (XIRR 7.2% a year) and ₹4,43,418 in WhiteOak Capital Mid Cap Fund (XIRR 11.8% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both JM Mid Cap Fund and WhiteOak Capital Mid Cap Fund?
Yes. 22.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages JM Mid Cap Fund and WhiteOak Capital Mid Cap Fund?
JM Mid Cap Fund: Satish Ramanathan, Asit Bhandarkar, Deepak Gupta, Ruchi Fozdar. WhiteOak Capital Mid Cap 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.