Kotak ELSS Tax Saver Fund vs WhiteOak Capital ELSS Tax Saver Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak ELSS Tax Saver Fund and WhiteOak Capital ELSS Tax Saver Fund are both ELSS funds. In the 3 years to 30-10-2026, Kotak ELSS Tax Saver Fund (Direct) returned 10.8% a year and WhiteOak Capital ELSS Tax Saver Fund (Direct) returned 15.5% a year. Kotak ELSS Tax Saver Fund charges 0.85% a year and WhiteOak Capital ELSS Tax Saver Fund 0.86% (Direct plans). Their portfolios overlap 28.4%: they hold 18 of the same securities.
Kotak ELSS Tax Saver Fund
ELSS
- 3 year return
- 10.8%
- Expense ratio
- 0.85%
- NAV
- ₹132.52
WhiteOak Capital ELSS Tax Saver Fund
ELSS
- 3 year return
- 15.5%
- Expense ratio
- 0.86%
- NAV
- ₹18.41
Which is better, Kotak ELSS Tax Saver or WhiteOak Capital ELSS Tax Saver? 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 ELSS Tax Saver returned more over 3 years: 15.5% a year against 10.8%.
- WhiteOak Capital ELSS Tax Saver returned more over 1 year: −2.3% against −4.3%.
- Kotak ELSS Tax Saver costs less: 0.85% a year against 0.86% (Direct plans).
- WhiteOak Capital ELSS Tax Saver swung less over 3 years: a standard deviation of 14.1% a year against 14.3%.
- WhiteOak Capital ELSS Tax Saver fell less in its worst fall since 17-10-2022: −16.4% against −19.6%.
- Kotak ELSS Tax Saver is the larger fund: ₹6,071 Cr against ₹481 Cr.
- Their portfolios overlap 28.4%: 18 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 | Kotak ELSS Tax Saver Fund | WhiteOak Capital ELSS Tax Saver Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | WhiteOak Capital Mutual Fund |
| Category | ELSS | ELSS |
| AUM | ₹6,071 Cr (30-09-2026) | ₹481 Cr (30-09-2026) |
| NAV | ₹132.52 (Direct) | ₹18.41 (Direct) |
| Expense ratio (Direct) | 0.85% | 0.86% |
| Expense ratio (Regular) | 1.96% | 2.58% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | BSE 500 TRI |
| Launch date | 23-11-2005 | 14-10-2022 |
| Minimum investment | ₹500 | ₹500 |
| Lock in | 3 years | 3 years |
| Fund managers | Harsha Upadhyaya | Ramesh Mantri, Piyush Baranwal, Trupti Agrawal, Dheeresh Pathak, Ashish Agrawal |
| Exit load | Nil | Nil |
Kotak ELSS Tax Saver vs WhiteOak Capital ELSS Tax Saver: 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 |
|---|---|---|---|---|---|---|---|
| Kotak ELSS Tax Saver Fund (Direct) | −1.48% | −4.54% | −0.03% | −4.31% | +10.76% | +10.84% | +13.65% |
| WhiteOak Capital ELSS Tax Saver Fund (Direct) | −0.74% | −3.51% | +3.23% | −2.32% | +15.53% | -- | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | -- | -- |
Category average: the average of the 50 ELSS funds, same plan type.
Kotak ELSS Tax Saver vs WhiteOak Capital ELSS Tax Saver: Year-wise Returns
| Year | KotakKotak ELSS Tax Saver | WhiteOak CapitalWhiteOak Capital ELSS Tax Saver |
|---|---|---|
| 2026to date | −4.13% | −1.72% |
| 2025 | +2.92% | +4.95% |
| 2024 | +23.31% | +30.34% |
| 2023 | +25.20% | +34.58% |
| 2022 | +8.37% | -- |
| 2021 | +35.05% | -- |
Kotak ELSS Tax Saver vs WhiteOak Capital ELSS Tax Saver: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Kotak ELSS Tax Saver Fund
Rolling returns
Every 3-year holding period, 253 of them, one for each trading day from 17-10-2025 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.
Kotak ELSS Tax Saver Fund (Direct)
WhiteOak Capital ELSS Tax Saver Fund (Direct)
Nifty 500 TRI
to
Nov 2025Jan 2023
to
Jan 2026Mar 2023
to
Mar 2026May 2023
to
May 2026Jul 2023
to
Jul 2026Sept 2023
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kotak ELSS Tax Saver | 0.0 | 0.0 | 3.6 | 51.0 | 45.5 | 0.0 | 0.0 | 14.4% | 14.4% | 9.3% | 18.3% | 63% |
| WhiteOak Capital ELSS Tax Saver | 0.0 | 0.0 | 0.0 | 4.0 | 45.5 | 50.6 | 0.0 | 19.8% | 20.1% | 14.3% | 23.9% | 100% |
| Nifty 500 TRI | 0.0 | 0.0 | 7.5 | 43.5 | 49.0 | 0.0 | 0.0 | 14.3% | 14.9% | 8.8% | 18.1% | -- |
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 500 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 17-10-2022. Past returns do not promise future returns.
Kotak ELSS Tax Saver vs WhiteOak Capital ELSS Tax Saver: 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 03-10-2022 to 30-10-2026: 49 instalments, ₹4,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak ELSS Tax SaverKotak ELSS Tax Saver Fund (Direct) | ₹4,90,000 | ₹5,64,654 | ₹74,654 | 6.9% |
| WhiteOak Capital ELSS Tax SaverWhiteOak Capital ELSS Tax Saver Fund (Direct) | ₹4,90,000 | ₹6,21,529 | ₹1,31,529 | 11.7% |
Kotak ELSS Tax SaverKotak ELSS Tax Saver Fund (Direct)
WhiteOak Capital ELSS Tax SaverWhiteOak Capital ELSS Tax Saver 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.
Kotak ELSS Tax Saver vs WhiteOak Capital ELSS Tax Saver: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak ELSS Tax Saver Fund (Direct) | WhiteOak Capital ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.31% | −2.32% |
| Standard deviation | 14.54% | 13.78% |
| Sharpe ratio | -0.66 | -0.55 |
| Sortino ratio | -0.87 | -0.74 |
| Maximum drawdown | −13.7% (31-03-2026) | −15.9% (23-03-2026) |
| Beta | 0.99 | 0.94 |
| Alpha | +2.93% | +4.63% |
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 | Kotak ELSS Tax Saver Fund (Direct) | WhiteOak Capital ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.76% | +15.53% |
| Standard deviation | 14.34% | 14.09% |
| Sharpe ratio | 0.33 | 0.67 |
| Sortino ratio | 0.44 | 0.92 |
| Maximum drawdown | −19.6% (28-02-2025) | −16.4% (28-02-2025) |
| Beta | 0.98 | 0.96 |
| Alpha | +0.61% | +5.78% |
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 | Kotak ELSS Tax Saver Fund (Direct) | WhiteOak Capital ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.48% | +16.16% |
| Standard deviation | 15.28% | 13.02% |
| Sharpe ratio | 0.55 | 0.77 |
| Sortino ratio | 0.74 | 1.04 |
| Maximum drawdown | −36.4% (23-03-2020) | −16.4% (28-02-2025) |
| Beta | 0.94 | 0.95 |
| Alpha | +2.08% | +5.64% |
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.
Kotak ELSS Tax Saver Fund (Direct)
WhiteOak Capital ELSS Tax Saver Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak ELSS Tax Saver Fund (Direct) | −19.6% | 27-09-2024 | 28-02-2025 | Not yet | -- | −7.7% |
| WhiteOak Capital ELSS Tax Saver Fund (Direct) | −16.4% | 11-12-2024 | 28-02-2025 | 27-06-2025 | 4 months | −6.4% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
From daily values since 17-10-2022, 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.
Kotak ELSS Tax Saver Fund (Direct)
WhiteOak Capital ELSS Tax Saver Fund (Direct)
Nifty 500 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.
Kotak ELSS Tax Saver Fund (Direct)
WhiteOak Capital ELSS Tax Saver Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Kotak ELSS Tax Saver Fund (Direct) | 102% | 96% | 3.95% |
| WhiteOak Capital ELSS Tax Saver Fund (Direct) | 110% | 84% | 4.14% |
From month-end values since 17-10-2022. 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.
Kotak ELSS Tax Saver vs WhiteOak Capital ELSS Tax Saver: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak ELSS Tax Saver Fund, September 2026; WhiteOak Capital ELSS Tax Saver Fund, September 2026
Holdings in common
- Overlap
- 28.4%
- Held by both
- 18
- Only in Kotak ELSS Tax Saver
- 35
- Only in WhiteOak Capital ELSS Tax Saver
- 123
| Security | % of Kotak ELSS Tax Saver | % of WhiteOak Capital ELSS Tax Saver |
|---|---|---|
| ICICI BANK LTD. | 5.01% | 8.15% |
| HDFC BANK LTD. | 7.00% | 3.97% |
| BHARTI AIRTEL LTD. | 3.47% | 3.91% |
| ETERNAL LIMITED | 3.16% | 2.82% |
| STATE BANK OF INDIA. | 4.98% | 2.47% |
| Mahindra & Mahindra Ltd. | 1.70% | 2.41% |
| RELIANCE INDUSTRIES LTD. | 1.60% | 2.33% |
| KOTAK MAHINDRA BANK LTD. | 1.55% | 2.56% |
| AXIS BANK LTD. | 2.02% | 1.35% |
| Tech Mahindra Ltd. | 3.01% | 0.74% |
| LENSKART SOLUTIONS LIMITED | 2.26% | 0.69% |
| Solar Industries India Limited | 1.95% | 0.66% |
| Larsen and Toubro Ltd. | 2.48% | 0.64% |
| BAJAJ FINANCE LTD. | 2.49% | 0.56% |
| NATIONAL STOCK EXCHANGE OF INDIA LIMITED (NSE) | 0.36% | 0.41% |
| NTPC LTD | 2.76% | 0.32% |
| ADITYA INFOTECH LIMITED | 0.27% | 0.34% |
| BILLIONBRAINS GARAGE VENTURES LIMITED (GROWW) | 1.15% | 0.26% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 28.4% means 28.4% 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 Kotak ELSS Tax Saver Fund
| Security | % of fund |
|---|---|
| Divis Laboratories Ltd. | 2.68% |
| Hero MotoCorp Ltd. | 2.59% |
| Dixon Technologies India Ltd | 2.59% |
| SUN PHARMACEUTICAL INDUSTRIES LTD. | 2.39% |
| HINDUSTAN PETROLEUM CORPORATION LTD. | 2.16% |
Largest holdings only in WhiteOak Capital ELSS Tax Saver Fund
| Security | % of fund |
|---|---|
| Nestle India Limited | 3.52% |
| Coforge Limited | 1.87% |
| Titan Company Limited | 1.80% |
| Torrent Pharmaceuticals Limited | 1.78% |
| Bharat Electronics Limited | 1.63% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak ELSS Tax Saver | WhiteOak Capital ELSS Tax Saver |
|---|---|---|
| Equity | 98.5% | 97.4% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.5% | 2.6% |
Market cap of stocks
| Market cap | Kotak ELSS Tax Saver | WhiteOak Capital ELSS Tax Saver |
|---|---|---|
| Large Cap | 60.6% | 52.3% |
| Mid Cap | 21.5% | 11.7% |
| Small Cap | 15.5% | 30.4% |
| Not on AMFI's list | 0.9% | 3.0% |
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 | Kotak ELSS Tax Saver | WhiteOak Capital ELSS Tax Saver |
|---|---|---|
| Banks | 23.0% | 20.3% |
| Finance | 6.4% | 7.6% |
| Pharmaceuticals and Biotechnology | 7.5% | 0.0% |
| Retailing | 6.5% | 5.5% |
| Pharmaceuticals & Biotechnology | 0.0% | 6.4% |
| Construction | 6.1% | 0.6% |
| Automobiles | 6.0% | 3.9% |
| IT - Software | 3.0% | 5.6% |
| Consumer Durables | 3.1% | 5.0% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak ELSS Tax Saver vs WhiteOak Capital ELSS Tax Saver: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak ELSS Tax Saver Fund | WhiteOak Capital ELSS Tax Saver Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.85% | 0.86% |
| Base expense ratio (Direct) | 0.63% | 0.64% |
| Total expense ratio (Regular) | 1.96% | 2.58% |
| Base expense ratio (Regular) | 1.57% | 2.10% |
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 Kotak ELSS Tax Saver with
Kotak ELSS Tax Saver Fund vs WhiteOak Capital ELSS Tax Saver Fund: Frequently Asked Questions
What is the difference between Kotak ELSS Tax Saver Fund and WhiteOak Capital ELSS Tax Saver Fund?
Both are ELSS funds, run by Kotak Mahindra Mutual Fund and WhiteOak Capital Mutual Fund. Their portfolios overlap 28.4%. Kotak ELSS Tax Saver Fund charges 0.85% a year and WhiteOak Capital ELSS Tax Saver Fund 0.86%.
Which has given higher returns, Kotak ELSS Tax Saver Fund or WhiteOak Capital ELSS Tax Saver Fund?
Over 1 year: Kotak ELSS Tax Saver Fund −4.31%, WhiteOak Capital ELSS Tax Saver Fund −2.32%. Over 3 years: Kotak ELSS Tax Saver Fund +10.76% a year, WhiteOak Capital ELSS Tax Saver Fund +15.53% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak ELSS Tax Saver Fund or WhiteOak Capital ELSS Tax Saver Fund?
Kotak ELSS Tax Saver Fund charges less: 0.85% a year against 0.86%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak ELSS Tax Saver Fund and WhiteOak Capital ELSS Tax Saver Fund overlap?
28.4%. They hold 18 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, Kotak ELSS Tax Saver Fund or WhiteOak Capital ELSS Tax Saver Fund?
On SEBI's riskometer, Kotak ELSS Tax Saver Fund is rated Very High and WhiteOak Capital ELSS Tax Saver Fund Very High. Over 3 years, the standard deviation of daily returns was 14.34% and 14.09% a year.
Which is better for SIP, Kotak ELSS Tax Saver Fund or WhiteOak Capital ELSS Tax Saver Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,85,210 in Kotak ELSS Tax Saver Fund (XIRR 2.6% a year) and ₹4,11,468 in WhiteOak Capital ELSS Tax Saver Fund (XIRR 6.9% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Kotak ELSS Tax Saver Fund and WhiteOak Capital ELSS Tax Saver Fund?
Yes. 28.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Kotak ELSS Tax Saver Fund and WhiteOak Capital ELSS Tax Saver Fund?
Kotak ELSS Tax Saver Fund: Harsha Upadhyaya. WhiteOak Capital ELSS Tax Saver 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.