LIC MF Mid Cap Fund vs WhiteOak Capital Mid Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
LIC MF Mid Cap Fund and WhiteOak Capital Mid Cap Fund are both Mid Cap funds. In the 3 years to 30-10-2026, LIC MF Mid Cap Fund (Direct) returned 13.7% a year and WhiteOak Capital Mid Cap Fund (Direct) returned 20.4% a year. LIC MF Mid Cap Fund charges 1.99% a year and WhiteOak Capital Mid Cap Fund 0.93% (Direct plans). Their portfolios overlap 28.0%: they hold 28 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, LIC MF 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 13.7%.
- WhiteOak Capital Mid Cap returned more over 1 year: 3.6% against −3.9%.
- WhiteOak Capital Mid Cap costs less: 0.93% a year against 1.99% (Direct plans).
- WhiteOak Capital Mid Cap swung less over 3 years: a standard deviation of 15.8% a year against 16.8%.
- WhiteOak Capital Mid Cap fell less in its worst fall since 31-07-2023: −19.3% against −21.5%.
- WhiteOak Capital Mid Cap is the larger fund: ₹7,540 Cr against ₹369 Cr.
- Their portfolios overlap 28.0%: 28 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 | LIC MF Mid Cap Fund | WhiteOak Capital Mid Cap Fund |
|---|---|---|
| Fund house | LIC Mutual Fund | WhiteOak Capital Mutual Fund |
| Category | Mid Cap | Mid Cap |
| AUM | ₹369 Cr (30-09-2026) | ₹7,540 Cr (30-09-2026) |
| NAV | ₹31.92 (Direct) | ₹21.98 (Direct) |
| Expense ratio (Direct) | 1.99% | 0.93% |
| Expense ratio (Regular) | 3.08% | 2.24% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Midcap 150 TRI | BSE Midcap 150 TRI |
| Launch date | 25-01-2017 | 07-09-2022 |
| Minimum investment | ₹5,000 | ₹500 |
| Lock in | None | None |
| Fund managers | Sudhanshu Asthana | Ramesh Mantri, Piyush Baranwal, Trupti Agrawal, Dheeresh Pathak, Ashish Agrawal |
| Exit load | Nil, If units of the Scheme are redeemed or switched out up to 12% of the units (the limit) within 12 months from the date of allotment. 1% of the applicable NAV, If units of the scheme are redeemed or switched out in excess of the limit within 12 months from the date of allotment. Nil, If units of scheme are redeemed or switched out after 12 months from the date of allotment. | Nil |
LIC MF 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 |
|---|---|---|---|---|---|---|---|
| LIC MF Mid Cap Fund (Direct) | −4.94% | −6.90% | −1.22% | −3.88% | +13.70% | -- | -- |
| 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.
LIC MF Mid Cap vs WhiteOak Capital Mid Cap: Year-wise Returns
| Year | LIC MFLIC MF Mid Cap | WhiteOak CapitalWhiteOak Capital Mid Cap |
|---|---|---|
| 2026to date | −2.73% | +3.98% |
| 2025 | −0.15% | +6.68% |
| 2024 | +30.30% | +35.48% |
| 2023 | -- | +43.99% |
LIC MF Mid Cap vs WhiteOak Capital Mid Cap: Rolling Returns
Every holding period of both funds, against Nifty Midcap 150 TRI, the benchmark of LIC MF Mid Cap Fund
Rolling returns
Every 3-year holding period, 61 of them, one for each trading day from 31-07-2026 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.
LIC MF Mid Cap Fund (Direct)
WhiteOak Capital Mid Cap Fund (Direct)
Nifty Midcap 150 TRI
to
Aug 2026Aug 2023
to
Aug 2026Sept 2023
to
Sept 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LIC MF Mid Cap | 0.0 | 0.0 | 0.0 | 27.9 | 72.1 | 0.0 | 0.0 | 16.5% | 16.5% | 12.8% | 19.3% | 75% |
| WhiteOak Capital Mid Cap | 0.0 | 0.0 | 0.0 | 0.0 | 8.2 | 91.8 | 0.0 | 22.2% | 22.1% | 19.1% | 24.6% | 100% |
| Nifty Midcap 150 TRI | 0.0 | 0.0 | 0.0 | 44.3 | 55.7 | 0.0 | 0.0 | 16.0% | 15.4% | 12.7% | 19.5% | -- |
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 31-07-2023. Past returns do not promise future returns.
LIC MF 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 31-07-2023 to 30-10-2026: 40 instalments, ₹4,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| LIC MF Mid CapLIC MF Mid Cap Fund (Direct) | ₹4,00,000 | ₹4,36,288 | ₹36,288 | 5.2% |
| WhiteOak Capital Mid CapWhiteOak Capital Mid Cap Fund (Direct) | ₹4,00,000 | ₹4,97,560 | ₹97,560 | 13.2% |
LIC MF Mid CapLIC MF 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.
LIC MF 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 | LIC MF Mid Cap Fund (Direct) | WhiteOak Capital Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −3.88% | +3.63% |
| Standard deviation | 16.80% | 15.20% |
| Sharpe ratio | -0.54 | -0.11 |
| Sortino ratio | -0.74 | -0.15 |
| Maximum drawdown | −15.4% (31-03-2026) | −14.0% (23-03-2026) |
| Beta | 0.98 | 0.90 |
| Alpha | +0.33% | +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 | LIC MF Mid Cap Fund (Direct) | WhiteOak Capital Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.70% | +20.42% |
| Standard deviation | 16.76% | 15.85% |
| Sharpe ratio | 0.46 | 0.91 |
| Sortino ratio | 0.62 | 1.24 |
| Maximum drawdown | −21.5% (07-04-2025) | −19.3% (07-04-2025) |
| Beta | 0.95 | 0.90 |
| Alpha | +0.29% | +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 | LIC MF Mid Cap Fund (Direct) | WhiteOak Capital Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.52% | +20.72% |
| Standard deviation | 16.38% | 14.65% |
| Sharpe ratio | 0.45 | 0.99 |
| Sortino ratio | 0.61 | 1.36 |
| Maximum drawdown | −21.5% (07-04-2025) | −19.3% (07-04-2025) |
| Beta | 0.94 | 0.89 |
| Alpha | +0.27% | +6.96% |
From daily NAVs, 31-07-2023 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.
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.
LIC MF 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 |
|---|---|---|---|---|---|---|
| LIC MF Mid Cap Fund (Direct) | −21.5% | 24-09-2024 | 07-04-2025 | 03-08-2026 | 16 months | −11.1% |
| 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 31-07-2023, 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.
LIC MF 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.
LIC MF 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 |
|---|---|---|---|
| LIC MF Mid Cap Fund (Direct) | 100% | 101% | 4.61% |
| WhiteOak Capital Mid Cap Fund (Direct) | 105% | 82% | 4.84% |
From month-end values since 31-07-2023. 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.
LIC MF Mid Cap vs WhiteOak Capital Mid Cap: Portfolio Overlap
From each fund's latest monthly portfolio: LIC MF Mid Cap Fund, September 2026; WhiteOak Capital Mid Cap Fund, September 2026
Holdings in common
- Overlap
- 28.0%
- Held by both
- 28
- Only in LIC MF Mid Cap
- 11
- Only in WhiteOak Capital Mid Cap
- 121
| Security | % of LIC MF Mid Cap | % of WhiteOak Capital Mid Cap |
|---|---|---|
| Coforge Ltd. | 2.80% | 2.73% |
| The Federal Bank Ltd. | 2.12% | 2.50% |
| Motilal Oswal Financial Services Ltd. | 2.95% | 2.05% |
| Info Edge (India) Ltd. | 2.92% | 1.87% |
| Lenskart Solutions Ltd. | 2.57% | 1.66% |
| Fortis Healthcare Ltd. | 2.03% | 1.58% |
| 360 One Wam Ltd. | 1.46% | 1.53% |
| IndusInd Bank Ltd. | 2.25% | 1.20% |
| PB Fintech Ltd. | 1.80% | 1.18% |
| National Aluminium Company Ltd. | 1.44% | 1.12% |
| Multi Commodity Exchange Of India Ltd. | 2.74% | 1.07% |
| Mahindra & Mahindra Financial Serv Ltd. | 1.92% | 1.03% |
| Persistent Systems Ltd. | 2.78% | 1.01% |
| Jindal Stainless Ltd. | 2.04% | 0.95% |
| JSW Infrastructure Ltd. | 2.53% | 0.94% |
| FSN E-Commerce Ventures Ltd. | 2.99% | 0.87% |
| GE Vernova T&D India Limited | 2.03% | 0.73% |
| Azad Engineering Ltd. | 2.81% | 0.67% |
| INDO-MIM Ltd. | 3.89% | 0.65% |
| One 97 Communications Ltd. | 2.86% | 0.60% |
| Godrej Properties Ltd. | 2.18% | 0.55% |
| Aditya Birla Capital Ltd. | 2.79% | 0.42% |
| Neuland Laboratories Ltd. | 2.99% | 0.41% |
| Oracle Financial Services Software Ltd. | 1.85% | 0.34% |
| Endurance Technologies Ltd. | 2.08% | 0.32% |
| Anthem Biosciences Ltd. | 1.75% | 0.30% |
| AU Small Finance Bank Ltd. | 3.98% | 0.15% |
| Nippon Life India Asset Management Ltd. | 2.39% | 0.02% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 28.0% means 28.0% 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 LIC MF Mid Cap Fund
| Security | % of fund |
|---|---|
| Aurobindo Pharma Ltd. | 3.72% |
| UNO Minda Ltd. | 2.97% |
| Aster DM Quality Care Ltd. | 2.84% |
| Solar Industries India Ltd. | 2.67% |
| Schneider Electric Infrastructure Ltd. | 2.18% |
Largest holdings only in WhiteOak Capital Mid Cap Fund
| Security | % of fund |
|---|---|
| Bharti Hexacom Limited | 2.78% |
| Max Financial Services Limited | 2.48% |
| Laurus Labs Limited | 2.20% |
| Vishal Mega Mart Limited | 1.96% |
| The Phoenix Mills Limited | 1.95% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | LIC MF Mid Cap | WhiteOak Capital Mid Cap |
|---|---|---|
| Equity | 94.5% | 85.0% |
| Debt | 0.0% | 4.2% |
| Cash and others | 5.5% | 10.8% |
Market cap of stocks
| Market cap | LIC MF Mid Cap | WhiteOak Capital Mid Cap |
|---|---|---|
| Large Cap | 2.7% | 4.7% |
| Mid Cap | 78.2% | 58.7% |
| Small Cap | 9.7% | 19.6% |
| Not on AMFI's list | 3.9% | 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 | LIC MF Mid Cap | WhiteOak Capital Mid Cap |
|---|---|---|
| Pharmaceuticals & Biotechnology | 8.5% | 9.9% |
| Capital Markets | 9.5% | 6.0% |
| Retailing | 8.5% | 7.4% |
| Banks | 8.3% | 6.3% |
| IT - Software | 7.4% | 4.3% |
| Electrical Equipment | 7.0% | 5.0% |
| Finance | 4.7% | 6.6% |
The six largest sectors of each fund's stocks, % of the fund.
LIC MF Mid Cap vs WhiteOak Capital Mid Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | LIC MF Mid Cap Fund | WhiteOak Capital Mid Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.99% | 0.93% |
| Base expense ratio (Direct) | 1.15% | 0.43% |
| Total expense ratio (Regular) | 3.08% | 2.24% |
| Base expense ratio (Regular) | 2.10% | 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 LIC MF Mid Cap with
LIC MF Mid Cap Fund vs WhiteOak Capital Mid Cap Fund: Frequently Asked Questions
What is the difference between LIC MF Mid Cap Fund and WhiteOak Capital Mid Cap Fund?
Both are Mid Cap funds, run by LIC Mutual Fund and WhiteOak Capital Mutual Fund. Their portfolios overlap 28.0%. LIC MF Mid Cap Fund charges 1.99% a year and WhiteOak Capital Mid Cap Fund 0.93%.
Which has given higher returns, LIC MF Mid Cap Fund or WhiteOak Capital Mid Cap Fund?
Over 1 year: LIC MF Mid Cap Fund −3.88%, WhiteOak Capital Mid Cap Fund +3.63%. Over 3 years: LIC MF Mid Cap Fund +13.70% 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, LIC MF Mid Cap Fund or WhiteOak Capital Mid Cap Fund?
WhiteOak Capital Mid Cap Fund charges less: 0.93% a year against 1.99%. These are the Direct plans' total expense ratios reported to AMFI.
How much do LIC MF Mid Cap Fund and WhiteOak Capital Mid Cap Fund overlap?
28.0%. They hold 28 of the same securities, the largest shared ones being COFORGE, FEDERALBNK, MOTILALOFS. From each fund's latest monthly portfolio.
Which is riskier, LIC MF Mid Cap Fund or WhiteOak Capital Mid Cap Fund?
On SEBI's riskometer, LIC MF 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 16.76% and 15.85% a year.
Which is better for SIP, LIC MF 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 ₹3,91,511 in LIC MF Mid Cap Fund (XIRR 3.6% 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 LIC MF Mid Cap Fund and WhiteOak Capital Mid Cap Fund?
Yes. 28.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages LIC MF Mid Cap Fund and WhiteOak Capital Mid Cap Fund?
LIC MF Mid Cap Fund: Sudhanshu Asthana. 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.