Nippon India Conservative Hybrid Fund vs WhiteOak Capital Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
Nippon India Conservative Hybrid Fund is a Conservative Hybrid fund and WhiteOak Capital Multi Asset Allocation Fund is a Multi Asset fund. In the 3 years to 30-10-2026, Nippon India Conservative Hybrid Fund (Direct) returned 8.4% a year and WhiteOak Capital Multi Asset Allocation Fund (Direct) returned 16.1% a year. Nippon India Conservative Hybrid Fund charges 1.01% a year and WhiteOak Capital Multi Asset Allocation Fund 0.65% (Direct plans). Their portfolios overlap 13.8%: they hold 34 of the same securities.
Nippon India Conservative Hybrid Fund
Conservative Hybrid
- 3 year return
- 8.4%
- Expense ratio
- 1.01%
- NAV
- ₹68.95
WhiteOak Capital Multi Asset Allocation Fund
Multi Asset
- 3 year return
- 16.1%
- Expense ratio
- 0.65%
- NAV
- ₹16.30
Which is better, Nippon India Conservative Hybrid 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 returned more over 3 years: 16.1% a year against 8.4%.
- WhiteOak Capital Multi Asset Allocation returned more over 1 year: 6.0% against 4.8%.
- WhiteOak Capital Multi Asset Allocation costs less: 0.65% a year against 1.01% (Direct plans).
- Nippon India Conservative Hybrid swung less over 3 years: a standard deviation of 2.0% a year against 5.7%.
- Nippon India Conservative Hybrid fell less in its worst fall since 22-05-2023: −1.8% against −6.1%.
- WhiteOak Capital Multi Asset Allocation holds more in large companies: 19.9% of the fund in large caps against 9.5%.
- WhiteOak Capital Multi Asset Allocation is the larger fund: ₹9,111 Cr against ₹977 Cr.
- Their portfolios overlap 13.8%: 34 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 | Nippon India Conservative Hybrid Fund | WhiteOak Capital Multi Asset Allocation Fund |
|---|---|---|
| Fund house | Nippon India Mutual Fund | WhiteOak Capital Mutual Fund |
| Category | Conservative Hybrid | Multi Asset |
| AUM | ₹977 Cr (30-09-2026) | ₹9,111 Cr (30-09-2026) |
| NAV | ₹68.95 (Direct) | ₹16.30 (Direct) |
| Expense ratio (Direct) | 1.01% | 0.65% |
| Expense ratio (Regular) | 1.80% | 1.67% |
| Riskometer | Not available | High |
| Benchmark | Not available | 30% BSE 500 TRI + 50% CRISIL Short Term Bond Index + 16% Domestic prices of Gold + 1% Domestic prices of Silver + 3% iCO |
| Launch date | Not available | 19-05-2023 |
| Minimum investment | Not available | ₹500 |
| Lock in | Not available | None |
| Fund managers | Not available | Ramesh Mantri, Piyush Baranwal, Dheeresh Pathak, Ashish Agrawal, Trupti Agrawal |
| Exit load | Not available | Nil |
Nippon India Conservative Hybrid 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 |
|---|---|---|---|---|---|---|---|
| Nippon India Conservative Hybrid Fund (Direct) | −0.10% | −0.05% | +2.51% | +4.80% | +8.44% | +8.03% | +5.91% |
| WhiteOak Capital Multi Asset Allocation Fund (Direct) | −1.16% | −1.15% | +1.63% | +6.03% | +16.11% | -- | -- |
| Conservative Hybrid average | −0.46% | −1.48% | +0.87% | +1.02% | +7.61% | +7.13% | +7.52% |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | +14.20% | -- | -- |
Category average: the average of the 18 Conservative Hybrid funds and the 37 Multi Asset funds, same plan type.
Nippon India Conservative Hybrid vs WhiteOak Capital Multi Asset Allocation: Year-wise Returns
| Year | Nippon India Conservative HybridNippon India Conservative Hybrid | WhiteOak Capital Multi Asset AllocationWhiteOak Capital Multi Asset Allocation |
|---|---|---|
| 2026to date | +3.45% | +4.15% |
| 2025 | +10.59% | +18.39% |
| 2024 | +8.50% | +18.99% |
| 2023 | +11.14% | -- |
| 2022 | +5.44% | -- |
| 2021 | +10.74% | -- |
Nippon India Conservative Hybrid vs WhiteOak Capital Multi Asset Allocation: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 108 of them, one for each trading day from 22-05-2026 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.
Nippon India Conservative Hybrid Fund (Direct)
WhiteOak Capital Multi Asset Allocation Fund (Direct)
to
Jun 2026Jul 2023
to
Jul 2026Jul 2023
to
Jul 2026Aug 2023
to
Aug 2026Sept 2023
to
Sept 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nippon India Conservative Hybrid | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 8.8% | 8.8% | 8.3% | 9.1% |
| WhiteOak Capital Multi Asset Allocation | 0.0 | 0.0 | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 16.9% | 16.8% | 15.7% | 17.9% |
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 22-05-2023. Past returns do not promise future returns.
Nippon India Conservative Hybrid vs WhiteOak Capital Multi Asset Allocation: 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 02-05-2023 to 30-10-2026: 42 instalments, ₹4,20,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Nippon India Conservative HybridNippon India Conservative Hybrid Fund (Direct) | ₹4,20,000 | ₹4,78,768 | ₹58,768 | 7.5% |
| WhiteOak Capital Multi Asset AllocationWhiteOak Capital Multi Asset Allocation Fund (Direct) | ₹4,20,000 | ₹5,25,075 | ₹1,05,075 | 12.9% |
Nippon India Conservative HybridNippon India Conservative Hybrid Fund (Direct)
WhiteOak Capital Multi Asset AllocationWhiteOak Capital Multi Asset Allocation 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.
Nippon India Conservative Hybrid 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 | Nippon India Conservative Hybrid Fund (Direct) | WhiteOak Capital Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.80% | +6.03% |
| Standard deviation | 2.24% | 6.99% |
| Sharpe ratio | -0.20 | 0.11 |
| Sortino ratio | -0.27 | 0.16 |
| Maximum drawdown | −1.8% (23-03-2026) | −6.1% (23-03-2026) |
| 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 | Nippon India Conservative Hybrid Fund (Direct) | WhiteOak Capital Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.44% | +16.11% |
| Standard deviation | 1.95% | 5.74% |
| Sharpe ratio | 1.24 | 1.76 |
| Sortino ratio | 1.80 | 2.50 |
| Maximum drawdown | −1.8% (23-03-2026) | −6.1% (23-03-2026) |
| 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 | Nippon India Conservative Hybrid Fund (Direct) | WhiteOak Capital Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.49% | +15.15% |
| Standard deviation | 4.33% | 5.49% |
| Sharpe ratio | 0.33 | 1.64 |
| Sortino ratio | 0.39 | 2.34 |
| Maximum drawdown | −18.9% (23-03-2020) | −6.1% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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.
Nippon India Conservative Hybrid 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 |
|---|---|---|---|---|---|---|
| Nippon India Conservative Hybrid Fund (Direct) | −1.8% | 26-02-2026 | 23-03-2026 | 17-04-2026 | 25 days | −0.7% |
| WhiteOak Capital Multi Asset Allocation Fund (Direct) | −6.1% | 02-03-2026 | 23-03-2026 | 16-06-2026 | 3 months | −3.8% |
From daily values since 22-05-2023, 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.
Nippon India Conservative Hybrid Fund (Direct)
WhiteOak Capital Multi Asset Allocation 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.
Nippon India Conservative Hybrid Fund (Direct)
WhiteOak Capital Multi Asset Allocation Fund (Direct)
Nippon India Conservative Hybrid vs WhiteOak Capital Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: Nippon India Conservative Hybrid Fund, September 2026; WhiteOak Capital Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 13.8%
- Held by both
- 34
- Only in Nippon India Conservative Hybrid
- 50
- Only in WhiteOak Capital Multi Asset Allocation
- 166
| Security | % of Nippon India Conservative Hybrid | % of WhiteOak Capital Multi Asset Allocation |
|---|---|---|
| Brookfield India Real Estate Trust | 1.52% | 1.59% |
| Cube Highways Trust-InvIT Fund | 1.27% | 2.53% |
| Nexus Select Trust - REIT | 1.20% | 3.64% |
| Knowledge Realty Trust | 1.16% | 2.18% |
| HDFC Bank Limited | 0.85% | 1.30% |
| Reliance Industries Limited | 0.76% | 0.80% |
| ICICI Bank Limited | 0.75% | 2.89% |
| 6.54% Government of India | 1.00% | 0.70% |
| Raajmarg Infra Investment Trust | 0.68% | 0.91% |
| State Bank of India | 0.41% | 0.83% |
| Infosys Limited | 0.34% | 0.34% |
| Mahindra & Mahindra Limited | 0.32% | 0.79% |
| Axis Bank Limited | 0.32% | 0.48% |
| Maruti Suzuki India Limited | 0.30% | 0.49% |
| Bharti Airtel Limited | 0.29% | 1.41% |
| Bajaj Finance Limited | 0.29% | 0.31% |
| Larsen & Toubro Limited | 0.39% | 0.28% |
| Kotak Mahindra Bank Limited | 0.26% | 0.69% |
| Tata Consultancy Services Limited | 0.25% | 0.29% |
| Titan Company Limited | 0.21% | 0.54% |
| Sun Pharmaceutical Industries Limited | 0.22% | 0.17% |
| Tata Steel Limited | 0.17% | 0.18% |
| NTPC Limited | 0.17% | 0.16% |
| Hindalco Industries Limited | 0.15% | 0.29% |
| UltraTech Cement Limited | 0.14% | 0.52% |
| Divi's Laboratories Limited | 0.13% | 0.37% |
| Power Grid Corporation of India Limited | 0.13% | 0.20% |
| Asian Paints Limited | 0.12% | 0.16% |
| Bajaj Finserv Limited | 0.12% | 0.26% |
| Nestle India Limited | 0.10% | 1.18% |
| Oil & Natural Gas Corporation Limited | 0.10% | 0.12% |
| Cipla Limited | 0.08% | 0.23% |
| JSW Steel Limited | 0.14% | 0.05% |
| SBI Life Insurance Company Limited | 0.26% | 0.04% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 13.8% means 13.8% 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 Nippon India Conservative Hybrid Fund
| Security | % of fund |
|---|---|
| 7.03% State Government Securities | 5.07% |
| 10.5% Triumph Composites Limited | 4.06% |
| 8.45% Adani Airport Holdings Limited | 4.05% |
| 9.75% Delhi International Airport Limited | 3.75% |
| 5% GMR Airports Limited | 3.48% |
Largest holdings only in WhiteOak Capital Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| Embassy Office Parks REIT | 2.88% |
| ICICI Prudential Gold ETF | 2.82% |
| 6.94% Government of India (11/05/2036) | 2.16% |
| DSP Gold ETF | 1.75% |
| Citius Transnet Investment Trust | 1.64% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Nippon India Conservative Hybrid | WhiteOak Capital Multi Asset Allocation |
|---|---|---|
| Equity | 10.6% | 28.2% |
| Debt | 68.5% | 31.0% |
| Cash and others | 20.9% | 40.8% |
Market cap of stocks
| Market cap | Nippon India Conservative Hybrid | WhiteOak Capital Multi Asset Allocation |
|---|---|---|
| Large Cap | 9.5% | 19.9% |
| Mid Cap | 1.1% | 3.1% |
| Small Cap | 0.0% | 3.5% |
| Foreign stocks | 0.0% | 0.4% |
| Not on AMFI's list | 0.0% | 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 | Nippon India Conservative Hybrid | WhiteOak Capital Multi Asset Allocation |
|---|---|---|
| Banks | 3.4% | 6.2% |
| IT - Software | 0.8% | 2.0% |
| Pharmaceuticals & Biotechnology | 0.5% | 1.9% |
| Finance | 0.4% | 1.7% |
| Telecom - Services | 0.3% | 1.4% |
| Food Products | 0.2% | 1.4% |
| Automobiles | 1.0% | 1.3% |
| Petroleum Products | 0.8% | 0.8% |
| Power | 0.5% | 0.7% |
The six largest sectors of each fund's stocks, % of the fund.
Nippon India Conservative Hybrid vs WhiteOak Capital Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Nippon India Conservative Hybrid Fund | WhiteOak Capital Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.01% | 0.65% |
| Base expense ratio (Direct) | 0.85% | 0.38% |
| Total expense ratio (Regular) | 1.80% | 1.67% |
| Base expense ratio (Regular) | 1.53% | 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 Nippon India Conservative Hybrid with
Compare WhiteOak Capital Multi Asset Allocation with
Nippon India Conservative Hybrid Fund vs WhiteOak Capital Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between Nippon India Conservative Hybrid Fund and WhiteOak Capital Multi Asset Allocation Fund?
Nippon India Conservative Hybrid Fund is a Conservative Hybrid fund, WhiteOak Capital Multi Asset Allocation Fund is a Multi Asset fund, run by Nippon India Mutual Fund and WhiteOak Capital Mutual Fund. Their portfolios overlap 13.8%. Nippon India Conservative Hybrid Fund charges 1.01% a year and WhiteOak Capital Multi Asset Allocation Fund 0.65%.
Which has given higher returns, Nippon India Conservative Hybrid Fund or WhiteOak Capital Multi Asset Allocation Fund?
Over 1 year: Nippon India Conservative Hybrid Fund +4.80%, WhiteOak Capital Multi Asset Allocation Fund +6.03%. Over 3 years: Nippon India Conservative Hybrid Fund +8.44% a year, WhiteOak Capital Multi Asset Allocation Fund +16.11% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Nippon India Conservative Hybrid Fund or WhiteOak Capital Multi Asset Allocation Fund?
WhiteOak Capital Multi Asset Allocation Fund charges less: 0.65% a year against 1.01%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Nippon India Conservative Hybrid Fund and WhiteOak Capital Multi Asset Allocation Fund overlap?
13.8%. They hold 34 of the same securities, the largest shared ones being BIRET-RR, CUBEINVIT, NXST. From each fund's latest monthly portfolio.
Which is better for SIP, Nippon India Conservative Hybrid Fund or WhiteOak Capital Multi Asset Allocation Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,13,649 in Nippon India Conservative Hybrid Fund (XIRR 7.2% a year) and ₹4,45,439 in WhiteOak Capital Multi Asset Allocation Fund (XIRR 12.1% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Nippon India Conservative Hybrid Fund and WhiteOak Capital Multi Asset Allocation Fund?
Yes. 13.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.