JM Multi Asset Allocation Fund vs WhiteOak Capital Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
JM Multi Asset Allocation Fund and WhiteOak Capital Multi Asset Allocation Fund are both Multi Asset funds. JM Multi Asset Allocation Fund charges 1.05% a year and WhiteOak Capital Multi Asset Allocation Fund 0.65% (Direct plans). Their portfolios overlap 9.6%: they hold 15 of the same securities.
JM Multi Asset Allocation Fund
Multi Asset
- Expense ratio
- 1.05%
- NAV
- ₹9.75
WhiteOak Capital Multi Asset Allocation Fund
Multi Asset
- Expense ratio
- 0.65%
- NAV
- ₹16.30
Which is better, JM 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 costs less: 0.65% a year against 1.05% (Direct plans).
- WhiteOak Capital Multi Asset Allocation fell less in its worst fall since 20-07-2026: −4.6% against −8.8%.
- WhiteOak Capital Multi Asset Allocation is the larger fund: ₹9,111 Cr against ₹167 Cr.
- Their portfolios overlap 9.6%: 15 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 Multi Asset Allocation Fund | WhiteOak Capital Multi Asset Allocation Fund |
|---|---|---|
| Fund house | JM Financial Mutual Fund | WhiteOak Capital Mutual Fund |
| Category | Multi Asset | Multi Asset |
| AUM | ₹167 Cr (30-09-2026) | ₹9,111 Cr (30-09-2026) |
| NAV | ₹9.75 (Direct) | ₹16.30 (Direct) |
| Expense ratio (Direct) | 1.05% | 0.65% |
| Expense ratio (Regular) | 2.73% | 1.67% |
| Riskometer | Very High | High |
| Benchmark | 55% Nifty 500 + 30% CRISIL Short term bond Index + 10% Domestic Price of Gold + 5% Domestic Price of silver | 30% BSE 500 TRI + 50% CRISIL Short Term Bond Index + 16% Domestic prices of Gold + 1% Domestic prices of Silver + 3% iCO |
| Launch date | 15-07-2026 | 19-05-2023 |
| Minimum investment | ₹5,000 | ₹500 |
| Lock in | None | None |
| Fund managers | Asit Bhandarkar, Deepak Gupta, Killol Pandya, Satish Ramanathan | Ramesh Mantri, Piyush Baranwal, Dheeresh Pathak, Ashish Agrawal, Trupti 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 60 days from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 60 days from the date of allotment. | Nil |
JM Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation: 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 Multi Asset Allocation Fund (Direct) | −3.19% | −3.00% | -- | -- | -- | -- | -- |
| 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.
JM Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation: Year-wise Returns
| Year | JMJM Multi Asset Allocation | WhiteOak CapitalWhiteOak Capital Multi Asset Allocation |
|---|---|---|
| 2026to date | -- | +4.15% |
| 2025 | -- | +18.39% |
| 2024 | -- | +18.99% |
JM Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation: Rolling Returns
Every holding period of both funds
JM 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 | JM Multi Asset Allocation Fund (Direct) | WhiteOak Capital Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.20% | +15.15% |
| Standard deviation | 10.24% | 5.49% |
| Sharpe ratio | -1.31 | 1.64 |
| Sortino ratio | -1.63 | 2.34 |
| Maximum drawdown | −8.8% (23-10-2026) | −6.1% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 20-07-2026 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 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 |
|---|---|---|---|---|---|---|
| JM Multi Asset Allocation Fund (Direct) | −8.8% | 26-08-2026 | 23-10-2026 | Not yet | -- | −7.3% |
| WhiteOak Capital Multi Asset Allocation Fund (Direct) | −4.6% | 25-08-2026 | 23-10-2026 | Not yet | -- | −3.8% |
From daily values since 20-07-2026, the first day every fund has.
JM Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: JM Multi Asset Allocation Fund, September 2026; WhiteOak Capital Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 9.6%
- Held by both
- 15
- Only in JM Multi Asset Allocation
- 38
- Only in WhiteOak Capital Multi Asset Allocation
- 185
| Security | % of JM Multi Asset Allocation | % of WhiteOak Capital Multi Asset Allocation |
|---|---|---|
| 6.94% GOI 11-May-2036 | 2.94% | 2.16% |
| DSP Mutual Fund - DSP Gold ETF | 4.35% | 1.75% |
| HDFC Bank Limited | 1.91% | 1.30% |
| Brookfield India Real Estate Trust | 0.88% | 1.59% |
| Eternal Limited | 1.63% | 0.85% |
| Embassy Office Parks REIT | 0.73% | 2.88% |
| Titan Company Limited | 1.47% | 0.54% |
| 182 Days Treasury Bill 05-Nov-2026 | 1.79% | 0.36% |
| Bajaj Finance Limited | 1.84% | 0.31% |
| Larsen & Toubro Limited | 1.89% | 0.28% |
| Billionbrains Garage Ventures Ltd. | 1.14% | 0.15% |
| 6.36% GOI 16-Feb-2031 | 2.93% | 0.11% |
| Navin Fluorine International Limited | 1.07% | 0.08% |
| Manipal Health Enterprises Limited | 1.80% | 0.07% |
| Horizon Industrial Parks Limited | 1.05% | 0.06% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 9.6% means 9.6% 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 Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| Tata Gold Exchange Traded Fund | 6.84% |
| 8.75% Piramal Finance Ltd 29-OCT-2027 | 2.99% |
| 7.23% Power Finance Corporation Limited 05-JAN-2027 | 2.99% |
| Bank of Baroda 11-DEC-2026 | 2.96% |
| Axis Bank Limited 16-DEC-2026 | 2.95% |
Largest holdings only in WhiteOak Capital Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| Nexus Select Trust - REIT | 3.64% |
| ICICI Bank Limited | 2.89% |
| ICICI Prudential Gold ETF | 2.82% |
| Cube Highways Trust-InvIT Fund | 2.53% |
| Knowledge Realty Trust | 2.18% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | JM Multi Asset Allocation | WhiteOak Capital Multi Asset Allocation |
|---|---|---|
| Equity | 49.3% | 28.2% |
| Debt | 29.0% | 31.0% |
| Cash and others | 21.7% | 40.8% |
Market cap of stocks
| Market cap | JM Multi Asset Allocation | WhiteOak Capital Multi Asset Allocation |
|---|---|---|
| Large Cap | 17.0% | 19.9% |
| Mid Cap | 10.5% | 3.1% |
| Small Cap | 16.1% | 3.5% |
| Foreign stocks | 0.0% | 0.4% |
| Not on AMFI's list | 5.8% | 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 | JM Multi Asset Allocation | WhiteOak Capital Multi Asset Allocation |
|---|---|---|
| Banks | 6.1% | 6.2% |
| Electrical Equipment | 3.8% | 0.6% |
| Auto Components | 3.7% | 0.1% |
| Finance | 3.3% | 1.7% |
| Capital Markets | 3.2% | 1.0% |
| Consumer Durables | 3.1% | 1.0% |
| IT - Software | 0.0% | 2.0% |
| Pharmaceuticals & Biotechnology | 1.3% | 1.9% |
| Telecom - Services | 0.0% | 1.4% |
| Food Products | 0.0% | 1.4% |
The six largest sectors of each fund's stocks, % of the fund.
JM Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | JM Multi Asset Allocation Fund | WhiteOak Capital Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.05% | 0.65% |
| Base expense ratio (Direct) | 0.40% | 0.38% |
| Total expense ratio (Regular) | 2.73% | 1.67% |
| Base expense ratio (Regular) | 1.82% | 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 JM Multi Asset Allocation with
Compare WhiteOak Capital Multi Asset Allocation with
JM Multi Asset Allocation Fund vs WhiteOak Capital Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between JM Multi Asset Allocation Fund and WhiteOak Capital Multi Asset Allocation Fund?
Both are Multi Asset funds, run by JM Financial Mutual Fund and WhiteOak Capital Mutual Fund. Their portfolios overlap 9.6%. JM Multi Asset Allocation Fund charges 1.05% a year and WhiteOak Capital Multi Asset Allocation Fund 0.65%.
Which has the lower expense ratio, JM Multi Asset Allocation Fund or WhiteOak Capital Multi Asset Allocation Fund?
WhiteOak Capital Multi Asset Allocation Fund charges less: 0.65% a year against 1.05%. These are the Direct plans' total expense ratios reported to AMFI.
How much do JM Multi Asset Allocation Fund and WhiteOak Capital Multi Asset Allocation Fund overlap?
9.6%. They hold 15 of the same securities, the largest shared ones being 6.94% GOI 11-May-2036, GOLDADD, HDFCBANK. From each fund's latest monthly portfolio.
Which is riskier, JM Multi Asset Allocation Fund or WhiteOak Capital Multi Asset Allocation Fund?
On SEBI's riskometer, JM Multi Asset Allocation Fund is rated Very High and WhiteOak Capital Multi Asset Allocation Fund High. Over their common history, the standard deviation of daily returns was 10.24% and 5.49% a year.
Can I invest in both JM Multi Asset Allocation Fund and WhiteOak Capital Multi Asset Allocation Fund?
Yes. 9.6% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages JM Multi Asset Allocation Fund and WhiteOak Capital Multi Asset Allocation Fund?
JM Multi Asset Allocation Fund: Asit Bhandarkar, Deepak Gupta, Killol Pandya, Satish Ramanathan. 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.