LIC MF Ultra Short Term Fund vs WhiteOak Capital Ultra Short Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
LIC MF Ultra Short Term Fund and WhiteOak Capital Ultra Short Term Fund are both Ultra Short funds. In the 3 years to 30-10-2026, LIC MF Ultra Short Term Fund (Direct) returned 7.2% a year and WhiteOak Capital Ultra Short Term Fund (Direct) returned 6.9% a year. LIC MF Ultra Short Term Fund charges 0.25% a year and WhiteOak Capital Ultra Short Term Fund 0.27% (Direct plans). Their portfolios overlap 15.0%: they hold 6 of the same securities.
LIC MF Ultra Short Term Fund
Ultra Short
- 3 year return
- 7.2%
- Expense ratio
- 0.25%
- NAV
- ₹1,469.99
WhiteOak Capital Ultra Short Term Fund
Ultra Short
- 3 year return
- 6.9%
- Expense ratio
- 0.27%
- NAV
- ₹1,527.59
Which is better, LIC MF Ultra Short Term or WhiteOak Capital Ultra Short Term? 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 Ultra Short Term returned more over 5 years: 6.4% a year against 6.4%.
- LIC MF Ultra Short Term returned more over 3 years: 7.2% a year against 6.9%.
- LIC MF Ultra Short Term costs less: 0.25% a year against 0.27% (Direct plans).
- LIC MF Ultra Short Term swung less over 3 years: a standard deviation of 0.4% a year against 0.4%.
- WhiteOak Capital Ultra Short Term fell less in its worst fall since 28-11-2019: −0.2% against −1.3%.
- LIC MF Ultra Short Term is the larger fund: ₹1,420 Cr against ₹549 Cr.
- Their portfolios overlap 15.0%: 6 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 Ultra Short Term Fund | WhiteOak Capital Ultra Short Term Fund |
|---|---|---|
| Fund house | LIC Mutual Fund | WhiteOak Capital Mutual Fund |
| Category | Ultra Short | Ultra Short |
| AUM | ₹1,420 Cr (30-09-2026) | ₹549 Cr (30-09-2026) |
| NAV | ₹1,469.99 (Direct) | ₹1,527.59 (Direct) |
| Expense ratio (Direct) | 0.25% | 0.27% |
| Expense ratio (Regular) | 1.38% | 0.82% |
| Riskometer | Low to Moderate | Low to Moderate |
| Benchmark | CRISIL Ultra Short Duration Debt A-I Index | CRISIL Ultra Short Duration Debt A-I Index |
| Launch date | 27-11-2019 | 06-06-2019 |
| Minimum investment | ₹5,000 | For Growth option - Rs.500; For IDCW option - Rs.2000 |
| Lock in | None | None |
| Fund managers | Rahul Singh, Pratik Harish Shroff | Piyush Baranwal |
| Exit load | Nil | Nil |
LIC MF Ultra Short Term vs WhiteOak Capital Ultra Short Term: 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 Ultra Short Term Fund (Direct) | +0.35% | +1.54% | +3.40% | +6.58% | +7.18% | +6.36% | -- |
| WhiteOak Capital Ultra Short Term Fund (Direct) | +0.29% | +1.43% | +3.16% | +6.20% | +6.92% | +6.36% | -- |
| Ultra Short average | +0.30% | +1.34% | +3.06% | +6.00% | +6.82% | +6.27% | -- |
Category average: the average of the 26 Ultra Short funds, same plan type.
LIC MF Ultra Short Term vs WhiteOak Capital Ultra Short Term: Year-wise Returns
| Year | LIC MFLIC MF Ultra Short Term | WhiteOak CapitalWhiteOak Capital Ultra Short Term |
|---|---|---|
| 2026to date | +5.55% | +5.18% |
| 2025 | +7.15% | +6.94% |
| 2024 | +7.68% | +7.46% |
| 2023 | +6.37% | +7.06% |
| 2022 | +4.43% | +4.60% |
| 2021 | +3.36% | +4.51% |
LIC MF Ultra Short Term vs WhiteOak Capital Ultra Short Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 950 of them, one for each trading day from 28-11-2022 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 Ultra Short Term Fund (Direct)
WhiteOak Capital Ultra Short Term Fund (Direct)
to
Mar 2023Nov 2020
to
Nov 2023Jul 2021
to
Jul 2024Mar 2022
to
Mar 2025Nov 2022
to
Nov 2025Jul 2023
to
Jul 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LIC MF Ultra Short Term | 0.0 | 32.5 | 67.5 | 0.0 | 0.0 | 0.0 | 0.0 | 5.8% | 6.0% | 4.1% | 7.3% |
| WhiteOak Capital Ultra Short Term | 0.0 | 17.5 | 82.5 | 0.0 | 0.0 | 0.0 | 0.0 | 6.1% | 6.2% | 4.3% | 7.2% |
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. Every fund is measured over the days all of them have, from 28-11-2019. Past returns do not promise future returns.
LIC MF Ultra Short Term vs WhiteOak Capital Ultra Short Term: 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 28-11-2019 to 30-10-2026: 84 instalments, ₹8,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| LIC MF Ultra Short TermLIC MF Ultra Short Term Fund (Direct) | ₹8,40,000 | ₹10,52,314 | ₹2,12,314 | 6.4% |
| WhiteOak Capital Ultra Short TermWhiteOak Capital Ultra Short Term Fund (Direct) | ₹8,40,000 | ₹10,52,655 | ₹2,12,655 | 6.4% |
LIC MF Ultra Short TermLIC MF Ultra Short Term Fund (Direct)
WhiteOak Capital Ultra Short TermWhiteOak Capital Ultra Short Term 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 Ultra Short Term vs WhiteOak Capital Ultra Short Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | LIC MF Ultra Short Term Fund (Direct) | WhiteOak Capital Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.58% | +6.20% |
| Standard deviation | 0.42% | 0.43% |
| Sharpe ratio | 3.20 | 2.19 |
| Sortino ratio | 5.71 | 3.56 |
| Maximum drawdown | −0.1% (22-10-2026) | −0.1% (22-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 Ultra Short Term Fund (Direct) | WhiteOak Capital Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.18% | +6.92% |
| Standard deviation | 0.36% | 0.36% |
| Sharpe ratio | 3.24 | 2.47 |
| Sortino ratio | 6.56 | 4.60 |
| Maximum drawdown | −0.1% (22-10-2026) | −0.1% (22-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 Ultra Short Term Fund (Direct) | WhiteOak Capital Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.36% | +6.36% |
| Standard deviation | 0.34% | 0.34% |
| Sharpe ratio | 1.64 | 1.63 |
| Sortino ratio | 2.96 | 2.91 |
| Maximum drawdown | −0.1% (11-05-2022) | −0.2% (11-05-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 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 Ultra Short Term Fund (Direct) | WhiteOak Capital Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.71% | +5.89% |
| Standard deviation | 0.52% | 0.53% |
| Sharpe ratio | 1.12 | 1.39 |
| Sortino ratio | 2.06 | 4.39 |
| Maximum drawdown | −1.3% (24-03-2020) | −0.2% (11-05-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 28-11-2019 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 Ultra Short Term Fund (Direct)
WhiteOak Capital Ultra Short Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| LIC MF Ultra Short Term Fund (Direct) | −1.3% | 09-03-2020 | 24-03-2020 | 03-04-2020 | 10 days | 0.0% |
| WhiteOak Capital Ultra Short Term Fund (Direct) | −0.2% | 02-05-2022 | 11-05-2022 | 24-05-2022 | 13 days | 0.0% |
From daily values since 28-11-2019, 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 Ultra Short Term Fund (Direct)
WhiteOak Capital Ultra Short Term Fund (Direct)
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 Ultra Short Term Fund (Direct)
WhiteOak Capital Ultra Short Term Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
LIC MF Ultra Short Term Fund (Direct)
WhiteOak Capital Ultra Short Term Fund (Direct)
LIC MF Ultra Short Term vs WhiteOak Capital Ultra Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: LIC MF Ultra Short Term Fund, September 2026; WhiteOak Capital Ultra Short Term Fund, September 2026
Holdings in common
- Overlap
- 15.0%
- Held by both
- 6
- Only in LIC MF Ultra Short Term
- 38
- Only in WhiteOak Capital Ultra Short Term
- 16
| Security | % of LIC MF Ultra Short Term | % of WhiteOak Capital Ultra Short Term |
|---|---|---|
| ICICI Bank Ltd. | 6.87% | 4.44% |
| 7.14% Bajaj Housing Finance Ltd. | 3.67% | 4.54% |
| REC Ltd. | 3.41% | 4.41% |
| Punjab National Bank | 1.72% | 4.09% |
| Indian Bank | 1.67% | 4.33% |
| SBI CDMDF--A2 | 0.09% | 0.29% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 15.0% means 15.0% 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 Ultra Short Term Fund
| Security | % of fund |
|---|---|
| HDFC Bank Ltd. | 7.22% |
| Canara Bank | 5.16% |
| 7.8% National Bk for Agriculture & Rural Dev. | 3.68% |
| 8.0409% Tata Capital Housing Finance Ltd. | 3.68% |
| 91 DAYS TBILL RED 03-12-2026 | 3.49% |
Largest holdings only in WhiteOak Capital Ultra Short Term Fund
| Security | % of fund |
|---|---|
| National Bank For Agriculture and Rural Development (17/02/2027) | 8.87% |
| Bank of Baroda (08/03/2027) | 8.49% |
| 8.9% Muthoot Finance Limited (17/06/2027) | 4.56% |
| 7.9% LIC Housing Finance Limited (23/06/2027) | 4.55% |
| Small Industries Dev Bank of India (04/02/2027) | 4.45% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | LIC MF Ultra Short Term | WhiteOak Capital Ultra Short Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 98.5% | 94.2% |
| Cash and others | 1.5% | 5.8% |
LIC MF Ultra Short Term vs WhiteOak Capital Ultra Short Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | LIC MF Ultra Short Term Fund | WhiteOak Capital Ultra Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.25% | 0.27% |
| Base expense ratio (Direct) | 0.21% | 0.22% |
| Total expense ratio (Regular) | 1.38% | 0.82% |
| Base expense ratio (Regular) | 1.19% | 0.69% |
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 Ultra Short Term with
Compare WhiteOak Capital Ultra Short Term with
- WhiteOak Capital Ultra Short Term vs Tata Ultra Short Term
- WhiteOak Capital Ultra Short Term vs Aditya Birla Sun Life Ultra Short Term
- WhiteOak Capital Ultra Short Term vs Axis Ultra Short Term fund
- WhiteOak Capital Ultra Short Term vs Mirae Asset Ultra Short-Term
- WhiteOak Capital Ultra Short Term vs ICICI Prudential Ultra Short Term
LIC MF Ultra Short Term Fund vs WhiteOak Capital Ultra Short Term Fund: Frequently Asked Questions
What is the difference between LIC MF Ultra Short Term Fund and WhiteOak Capital Ultra Short Term Fund?
Both are Ultra Short funds, run by LIC Mutual Fund and WhiteOak Capital Mutual Fund. Their portfolios overlap 15.0%. LIC MF Ultra Short Term Fund charges 0.25% a year and WhiteOak Capital Ultra Short Term Fund 0.27%.
Which has given higher returns, LIC MF Ultra Short Term Fund or WhiteOak Capital Ultra Short Term Fund?
Over 1 year: LIC MF Ultra Short Term Fund +6.58%, WhiteOak Capital Ultra Short Term Fund +6.20%. Over 3 years: LIC MF Ultra Short Term Fund +7.18% a year, WhiteOak Capital Ultra Short Term Fund +6.92% a year. Over 5 years: LIC MF Ultra Short Term Fund +6.36% a year, WhiteOak Capital Ultra Short Term Fund +6.36% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, LIC MF Ultra Short Term Fund or WhiteOak Capital Ultra Short Term Fund?
LIC MF Ultra Short Term Fund charges less: 0.25% a year against 0.27%. These are the Direct plans' total expense ratios reported to AMFI.
How much do LIC MF Ultra Short Term Fund and WhiteOak Capital Ultra Short Term Fund overlap?
15.0%. They hold 6 of the same securities, the largest shared ones being ICICI Bank Ltd., 7.14% Bajaj Housing Finance Ltd., REC Ltd.. From each fund's latest monthly portfolio.
Which is riskier, LIC MF Ultra Short Term Fund or WhiteOak Capital Ultra Short Term Fund?
On SEBI's riskometer, LIC MF Ultra Short Term Fund is rated Low to Moderate and WhiteOak Capital Ultra Short Term Fund Low to Moderate. Over 3 years, the standard deviation of daily returns was 0.36% and 0.36% a year.
Which is better for SIP, LIC MF Ultra Short Term Fund or WhiteOak Capital Ultra Short Term Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,26,851 in LIC MF Ultra Short Term Fund (XIRR 6.8% a year) and ₹7,24,469 in WhiteOak Capital Ultra Short Term Fund (XIRR 6.7% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both LIC MF Ultra Short Term Fund and WhiteOak Capital Ultra Short Term Fund?
Yes. 15.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages LIC MF Ultra Short Term Fund and WhiteOak Capital Ultra Short Term Fund?
LIC MF Ultra Short Term Fund: Rahul Singh, Pratik Harish Shroff. WhiteOak Capital Ultra Short Term Fund: Piyush Baranwal.
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.