SBI Midcap Fund vs WhiteOak Capital Mid Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
SBI Midcap Fund and WhiteOak Capital Mid Cap Fund are both Mid Cap funds. In the 3 years to 30-10-2026, SBI Midcap Fund (Direct) returned 8.9% a year and WhiteOak Capital Mid Cap Fund (Direct) returned 20.4% a year. SBI Midcap Fund charges 1.03% a year and WhiteOak Capital Mid Cap Fund 0.93% (Direct plans). Their portfolios overlap 18.0%: they hold 19 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, SBI Midcap 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 8.9%.
- WhiteOak Capital Mid Cap returned more over 1 year: 3.6% against −5.0%.
- WhiteOak Capital Mid Cap costs less: 0.93% a year against 1.03% (Direct plans).
- SBI Midcap swung less over 3 years: a standard deviation of 13.5% a year against 15.8%.
- SBI Midcap fell less in its worst fall since 08-09-2022: −17.9% against −19.3%.
- SBI Midcap is the larger fund: ₹23,282 Cr against ₹7,540 Cr.
- Their portfolios overlap 18.0%: 19 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 | SBI Midcap Fund | WhiteOak Capital Mid Cap Fund |
|---|---|---|
| Fund house | SBI Mutual Fund | WhiteOak Capital Mutual Fund |
| Category | Mid Cap | Mid Cap |
| AUM | ₹23,282 Cr (30-09-2026) | ₹7,540 Cr (30-09-2026) |
| NAV | ₹249.78 (Direct) | ₹21.98 (Direct) |
| Expense ratio (Direct) | 1.03% | 0.93% |
| Expense ratio (Regular) | 1.81% | 2.24% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Midcap 150 TRI | BSE Midcap 150 TRI |
| Launch date | 29-03-2005 | 07-09-2022 |
| Minimum investment | ₹5,000 | ₹500 |
| Lock in | None | None |
| Fund managers | Bhavin Vithlani | Ramesh Mantri, Piyush Baranwal, Trupti Agrawal, Dheeresh Pathak, Ashish Agrawal |
| Exit load | Exit load of 0.25% if redeemed within 30 days and 0.10% if redeemed after 30 days but on or before 90 days. | Nil |
SBI Midcap 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 |
|---|---|---|---|---|---|---|---|
| SBI Midcap Fund (Direct) | −4.57% | −8.85% | −5.14% | −5.01% | +8.94% | +11.17% | +12.82% |
| 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.
SBI Midcap vs WhiteOak Capital Mid Cap: Year-wise Returns
| Year | SBI MidcapSBI Midcap | WhiteOak Capital Mid CapWhiteOak Capital Mid Cap |
|---|---|---|
| 2026to date | −5.94% | +3.98% |
| 2025 | +1.20% | +6.68% |
| 2024 | +21.41% | +35.48% |
| 2023 | +35.67% | +43.99% |
| 2022 | +3.95% | -- |
| 2021 | +53.63% | -- |
SBI Midcap vs WhiteOak Capital Mid Cap: Rolling Returns
Every holding period of both funds, against Nifty Midcap 150 TRI, the benchmark of SBI Midcap Fund
Rolling returns
Every 3-year holding period, 285 of them, one for each trading day from 08-09-2025 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.
SBI Midcap Fund (Direct)
WhiteOak Capital Mid Cap Fund (Direct)
Nifty Midcap 150 TRI
to
Oct 2025Dec 2022
to
Dec 2025Mar 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SBI Midcap | 0.0 | 0.0 | 8.1 | 33.3 | 58.6 | 0.0 | 0.0 | 15.3% | 16.0% | 8.1% | 19.6% | 0% |
| WhiteOak Capital Mid Cap | 0.0 | 0.0 | 0.0 | 0.0 | 1.8 | 30.2 | 68.0 | 25.8% | 26.4% | 19.1% | 29.6% | 100% |
| Nifty Midcap 150 TRI | 0.0 | 0.0 | 0.0 | 9.5 | 17.9 | 70.9 | 1.8 | 21.3% | 22.5% | 12.7% | 26.0% | -- |
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 08-09-2022. Past returns do not promise future returns.
SBI Midcap 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 01-09-2022 to 30-10-2026: 50 instalments, ₹5,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| SBI MidcapSBI Midcap Fund (Direct) | ₹5,00,000 | ₹5,65,474 | ₹65,474 | 5.9% |
| WhiteOak Capital Mid CapWhiteOak Capital Mid Cap Fund (Direct) | ₹5,00,000 | ₹7,14,115 | ₹2,14,115 | 17.3% |
SBI MidcapSBI Midcap 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.
SBI Midcap 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 | SBI Midcap Fund (Direct) | WhiteOak Capital Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.01% | +3.63% |
| Standard deviation | 14.45% | 15.20% |
| Sharpe ratio | -0.71 | -0.11 |
| Sortino ratio | -0.93 | -0.15 |
| Maximum drawdown | −13.1% (31-03-2026) | −14.0% (23-03-2026) |
| Beta | 0.84 | 0.90 |
| Alpha | −2.20% | +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 | SBI Midcap Fund (Direct) | WhiteOak Capital Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.94% | +20.42% |
| Standard deviation | 13.45% | 15.85% |
| Sharpe ratio | 0.22 | 0.91 |
| Sortino ratio | 0.29 | 1.24 |
| Maximum drawdown | −17.9% (28-02-2025) | −19.3% (07-04-2025) |
| Beta | 0.74 | 0.90 |
| Alpha | −2.89% | +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 | SBI Midcap Fund (Direct) | WhiteOak Capital Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +17.15% | +20.72% |
| Standard deviation | 14.97% | 14.65% |
| Sharpe ratio | 0.74 | 0.99 |
| Sortino ratio | 0.99 | 1.36 |
| Maximum drawdown | −43.0% (24-03-2020) | −19.3% (07-04-2025) |
| Beta | -- | 0.89 |
| Alpha | -- | +6.96% |
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.
SBI Midcap 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 |
|---|---|---|---|---|---|---|
| SBI Midcap Fund (Direct) | −17.9% | 24-09-2024 | 28-02-2025 | Not yet | -- | −10.6% |
| 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 08-09-2022, 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.
SBI Midcap 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.
SBI Midcap Fund (Direct)
WhiteOak Capital Mid Cap Fund (Direct)
Nifty Midcap 150 TRI
Against Nifty Midcap 150 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| SBI Midcap Fund (Direct) | 77% | 83% | 5.26% |
| WhiteOak Capital Mid Cap Fund (Direct) | 105% | 84% | 4.51% |
From month-end values since 08-09-2022. 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.
SBI Midcap vs WhiteOak Capital Mid Cap: Portfolio Overlap
From each fund's latest monthly portfolio: SBI Midcap Fund, September 2026; WhiteOak Capital Mid Cap Fund, September 2026
Holdings in common
- Overlap
- 18.0%
- Held by both
- 19
- Only in SBI Midcap
- 38
- Only in WhiteOak Capital Mid Cap
- 130
| Security | % of SBI Midcap | % of WhiteOak Capital Mid Cap |
|---|---|---|
| The Federal Bank Ltd. | 2.45% | 2.50% |
| Bharat Heavy Electricals Ltd. | 2.68% | 1.86% |
| The Phoenix Mills Ltd. | 1.66% | 1.95% |
| 360 ONE WAM Ltd. | 1.59% | 1.53% |
| Berger Paints India Ltd. | 2.23% | 1.39% |
| AIA Engineering Ltd. | 1.16% | 1.12% |
| Multi Commodity Exchange of India Ltd. | 3.12% | 1.07% |
| Mahindra & Mahindra Financial Services Ltd. | 1.09% | 1.03% |
| JSW Infrastructure Ltd. | 1.33% | 0.94% |
| FSN E-Commerce Ventures Ltd. | 2.47% | 0.87% |
| Fortis Healthcare Ltd. | 0.84% | 1.58% |
| Page Industries Ltd. | 1.65% | 0.80% |
| One 97 Communications Ltd. | 0.99% | 0.60% |
| Billionbrains Garage Ventures Ltd. | 1.10% | 0.49% |
| Colgate Palmolive (India) Ltd. | 1.36% | 0.47% |
| Supreme Industries Ltd. | 2.96% | 0.39% |
| Anthem Biosciences Ltd. | 1.59% | 0.30% |
| ICICI Lombard General Insurance Company Ltd. | 2.73% | 0.13% |
| ICICI Prudential Life Insurance Company Ltd. | 1.91% | 0.05% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 18.0% means 18.0% 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 SBI Midcap Fund
| Security | % of fund |
|---|---|
| Torrent Power Ltd. | 3.48% |
| CRISIL Ltd. | 2.87% |
| SRF Ltd. | 2.87% |
| Sundaram Finance Ltd. | 2.61% |
| Biocon Ltd. | 2.48% |
Largest holdings only in WhiteOak Capital Mid Cap Fund
| Security | % of fund |
|---|---|
| Bharti Hexacom Limited | 2.78% |
| Coforge Limited | 2.73% |
| Max Financial Services Limited | 2.48% |
| Laurus Labs Limited | 2.20% |
| Motilal Oswal Financial Services Limited | 2.05% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | SBI Midcap | WhiteOak Capital Mid Cap |
|---|---|---|
| Equity | 97.0% | 85.0% |
| Debt | 0.8% | 4.2% |
| Cash and others | 2.2% | 10.8% |
Market cap of stocks
| Market cap | SBI Midcap | WhiteOak Capital Mid Cap |
|---|---|---|
| Large Cap | 12.4% | 4.7% |
| Mid Cap | 67.1% | 58.7% |
| Small Cap | 17.6% | 19.6% |
| Not on AMFI's list | 0.0% | 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 | SBI Midcap | WhiteOak Capital Mid Cap |
|---|---|---|
| Pharmaceuticals & Biotechnology | 9.5% | 9.9% |
| Finance | 8.4% | 6.6% |
| Industrial Products | 7.8% | 4.5% |
| Auto Components | 7.5% | 2.9% |
| Retailing | 6.8% | 7.4% |
| Banks | 2.5% | 6.3% |
| Power | 6.2% | 0.9% |
| Capital Markets | 5.8% | 6.0% |
| Electrical Equipment | 5.9% | 5.0% |
The six largest sectors of each fund's stocks, % of the fund.
SBI Midcap vs WhiteOak Capital Mid Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | SBI Midcap Fund | WhiteOak Capital Mid Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.03% | 0.93% |
| Base expense ratio (Direct) | 0.73% | 0.43% |
| Total expense ratio (Regular) | 1.81% | 2.24% |
| Base expense ratio (Regular) | 1.40% | 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 SBI Midcap with
SBI Midcap Fund vs WhiteOak Capital Mid Cap Fund: Frequently Asked Questions
What is the difference between SBI Midcap Fund and WhiteOak Capital Mid Cap Fund?
Both are Mid Cap funds, run by SBI Mutual Fund and WhiteOak Capital Mutual Fund. Their portfolios overlap 18.0%. SBI Midcap Fund charges 1.03% a year and WhiteOak Capital Mid Cap Fund 0.93%.
Which has given higher returns, SBI Midcap Fund or WhiteOak Capital Mid Cap Fund?
Over 1 year: SBI Midcap Fund −5.01%, WhiteOak Capital Mid Cap Fund +3.63%. Over 3 years: SBI Midcap Fund +8.94% 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, SBI Midcap Fund or WhiteOak Capital Mid Cap Fund?
WhiteOak Capital Mid Cap Fund charges less: 0.93% a year against 1.03%. These are the Direct plans' total expense ratios reported to AMFI.
How much do SBI Midcap Fund and WhiteOak Capital Mid Cap Fund overlap?
18.0%. They hold 19 of the same securities, the largest shared ones being FEDERALBNK, BHEL, PHOENIXLTD. From each fund's latest monthly portfolio.
Which is riskier, SBI Midcap Fund or WhiteOak Capital Mid Cap Fund?
On SEBI's riskometer, SBI Midcap Fund is rated Very High and WhiteOak Capital Mid Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 13.45% and 15.85% a year.
Which is better for SIP, SBI Midcap 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 ₹3,72,789 in SBI Midcap Fund (XIRR 0.5% 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 SBI Midcap Fund and WhiteOak Capital Mid Cap Fund?
Yes. 18.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages SBI Midcap Fund and WhiteOak Capital Mid Cap Fund?
SBI Midcap Fund: Bhavin Vithlani. 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.