SBI Multi Asset Allocation Fund vs WhiteOak Capital Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 29-10-2026
SBI Multi Asset Allocation Fund and WhiteOak Capital Multi Asset Allocation Fund are both Multi Asset funds. In the 3 years to 29-10-2026, SBI Multi Asset Allocation Fund (Direct) returned 13.9% a year and WhiteOak Capital Multi Asset Allocation Fund (Direct) returned 16.1% a year. SBI Multi Asset Allocation Fund charges 0.66% a year and WhiteOak Capital Multi Asset Allocation Fund 0.65% (Direct plans). Their portfolios overlap 13.2%: they hold 26 of the same securities.
SBI Multi Asset Allocation Fund
Multi Asset
- 3 year return
- 13.9%
- Expense ratio
- 0.66%
- NAV
- ₹71.85
WhiteOak Capital Multi Asset Allocation Fund
Multi Asset
- 3 year return
- 16.1%
- Expense ratio
- 0.65%
- NAV
- ₹16.30
Which is better, SBI Multi Asset Allocation 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 13.9%.
- WhiteOak Capital Multi Asset Allocation returned more over 1 year: 6.0% against 2.5%.
- WhiteOak Capital Multi Asset Allocation costs less: 0.65% a year against 0.66% (Direct plans).
- WhiteOak Capital Multi Asset Allocation swung less over 3 years: a standard deviation of 5.7% a year against 7.9%.
- WhiteOak Capital Multi Asset Allocation fell less in its worst fall since 22-05-2023: −6.1% against −8.6%.
- SBI Multi Asset Allocation is the larger fund: ₹21,044 Cr against ₹9,111 Cr.
- Their portfolios overlap 13.2%: 26 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 Multi Asset Allocation Fund | WhiteOak Capital Multi Asset Allocation Fund |
|---|---|---|
| Fund house | SBI Mutual Fund | WhiteOak Capital Mutual Fund |
| Category | Multi Asset | Multi Asset |
| AUM | ₹21,044 Cr (30-09-2026) | ₹9,111 Cr (30-09-2026) |
| NAV | ₹71.85 (Direct) | ₹16.30 (Direct) |
| Expense ratio (Direct) | 0.66% | 0.65% |
| Expense ratio (Regular) | 1.39% | 1.67% |
| Riskometer | Very High | High |
| Benchmark | 45% BSE 500 TRI + 40% Crisil Composite Bond Fund Index + 10% Domestic Prices of Gold + 5% Domestic Prices of Silver. | 30% BSE 500 TRI + 50% CRISIL Short Term Bond Index + 16% Domestic prices of Gold + 1% Domestic prices of Silver + 3% iCO |
| Launch date | 21-12-2005 | 19-05-2023 |
| Minimum investment | ₹5,000 | ₹500 |
| Lock in | None | None |
| Fund managers | Mansi Sajeja, Dinesh Balachandran, Vandna Soni | Ramesh Mantri, Piyush Baranwal, Dheeresh Pathak, Ashish Agrawal, Trupti Agrawal |
| Exit load | For units in excess of 10% of the investment, 1% will be charged for redemption within 12 months | Nil |
SBI Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation: Returns Comparison
Returns as on 29-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| SBI Multi Asset Allocation Fund (Direct) | −2.02% | −3.49% | −2.44% | +2.50% | +13.91% | +12.53% | +11.56% |
| WhiteOak Capital Multi Asset Allocation Fund (Direct) | −1.16% | −1.15% | +1.63% | +6.03% | +16.11% | -- | -- |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | +14.20% | -- | -- |
Category average: the average of the 37 Multi Asset funds, same plan type.
SBI Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation: Year-wise Returns
| Year | SBISBI Multi Asset Allocation | WhiteOak CapitalWhiteOak Capital Multi Asset Allocation |
|---|---|---|
| 2026to date | −1.49% | +4.15% |
| 2025 | +19.58% | +18.39% |
| 2024 | +13.87% | +18.99% |
| 2023 | +25.48% | -- |
| 2022 | +6.96% | -- |
| 2021 | +13.96% | -- |
SBI Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 110 of them, one for each trading day from 22-05-2026 to 29-10-2026: 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 Multi Asset Allocation 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SBI Multi Asset Allocation | 0.0 | 0.0 | 0.0 | 26.4 | 73.6 | 0.0 | 0.0 | 16.1% | 16.4% | 13.4% | 18.7% |
| 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.
SBI Multi Asset Allocation 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 29-10-2026: 42 instalments, ₹4,20,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| SBI Multi Asset AllocationSBI Multi Asset Allocation Fund (Direct) | ₹4,20,000 | ₹5,00,360 | ₹80,360 | 10.0% |
| WhiteOak Capital Multi Asset AllocationWhiteOak Capital Multi Asset Allocation Fund (Direct) | ₹4,20,000 | ₹5,25,075 | ₹1,05,075 | 12.9% |
SBI Multi Asset AllocationSBI Multi Asset Allocation 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.
SBI Multi Asset Allocation 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 | SBI Multi Asset Allocation Fund (Direct) | WhiteOak Capital Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +2.50% | +6.03% |
| Standard deviation | 9.13% | 6.99% |
| Sharpe ratio | -0.30 | 0.11 |
| Sortino ratio | -0.40 | 0.16 |
| Maximum drawdown | −8.6% (23-03-2026) | −6.1% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2025 to 29-10-2026. 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 Multi Asset Allocation Fund (Direct) | WhiteOak Capital Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.91% | +16.11% |
| Standard deviation | 7.94% | 5.74% |
| Sharpe ratio | 0.99 | 1.76 |
| Sortino ratio | 1.37 | 2.50 |
| Maximum drawdown | −8.6% (23-03-2026) | −6.1% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 27-10-2023 to 29-10-2026. 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 Multi Asset Allocation Fund (Direct) | WhiteOak Capital Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.91% | +15.15% |
| Standard deviation | 6.46% | 5.49% |
| Sharpe ratio | 0.91 | 1.64 |
| Sortino ratio | 1.25 | 2.34 |
| Maximum drawdown | −17.6% (23-03-2020) | −6.1% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 19-03-2013 to 29-10-2026. 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 Multi Asset Allocation 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 |
|---|---|---|---|---|---|---|
| SBI Multi Asset Allocation Fund (Direct) | −8.6% | 29-01-2026 | 23-03-2026 | Not yet | -- | −5.2% |
| 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.
SBI Multi Asset Allocation 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.
SBI Multi Asset Allocation Fund (Direct)
WhiteOak Capital Multi Asset Allocation Fund (Direct)
SBI Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: SBI Multi Asset Allocation Fund, September 2026; WhiteOak Capital Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 13.2%
- Held by both
- 26
- Only in SBI Multi Asset Allocation
- 102
- Only in WhiteOak Capital Multi Asset Allocation
- 174
| Security | % of SBI Multi Asset Allocation | % of WhiteOak Capital Multi Asset Allocation |
|---|---|---|
| Embassy Office Parks Reit | 1.97% | 2.88% |
| Brookfield India Real Estate Trust | 2.42% | 1.59% |
| ICICI Bank Ltd. | 1.46% | 2.89% |
| HDFC Bank Ltd. | 1.77% | 1.30% |
| Knowledge Realty Trust | 0.99% | 2.18% |
| Reliance Industries Ltd. | 0.97% | 0.80% |
| Small Industries Development Bank of India | 0.94% | 0.76% |
| Kotak Mahindra Bank Ltd. | 1.33% | 0.69% |
| Axis Bank Ltd. | 1.05% | 0.48% |
| National Bank for Agriculture and Rural Development | 0.47% | 0.55% |
| State Bank of India | 0.43% | 0.83% |
| Muthoot Finance Ltd. | 0.71% | 0.27% |
| Bajaj Finserv Ltd. | 0.92% | 0.26% |
| Godrej Industries Ltd. | 0.47% | 0.24% |
| Oil India Ltd. | 0.53% | 0.19% |
| Vedanta Aluminium Metal Ltd. | 0.39% | 0.18% |
| Biocon Ltd. | 1.39% | 0.17% |
| Tata Steel Ltd. | 0.17% | 0.18% |
| HDB Financial Services Ltd. | 0.83% | 0.16% |
| Infosys Ltd. | 0.16% | 0.34% |
| Bharti Airtel Ltd. | 0.13% | 1.41% |
| Oil & Natural Gas Corporation Ltd. | 1.23% | 0.12% |
| 6.94% CGL 2036 | 0.12% | 2.16% |
| Vishal Mega Mart Ltd. | 0.24% | 0.08% |
| Shiprocket Ltd. | 0.04% | 0.12% |
| Moneyview Ltd. | 0.02% | 0.04% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 13.2% means 13.2% 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 Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| SBI Gold ETF | 6.42% |
| SBI Silver ETF | 3.57% |
| Cholamandalam Investment & Finance Co. Ltd.Perpetual | 2.21% |
| GAIL (India) Ltd. | 1.89% |
| Bandhan Bank Ltd. | 1.74% |
Largest holdings only in WhiteOak Capital Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| Nexus Select Trust - REIT | 3.64% |
| ICICI Prudential Gold ETF | 2.82% |
| Cube Highways Trust-InvIT Fund | 2.53% |
| 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 | SBI Multi Asset Allocation | WhiteOak Capital Multi Asset Allocation |
|---|---|---|
| Equity | 44.9% | 28.2% |
| Debt | 32.2% | 31.0% |
| Cash and others | 22.9% | 40.8% |
Market cap of stocks
| Market cap | SBI Multi Asset Allocation | WhiteOak Capital Multi Asset Allocation |
|---|---|---|
| Large Cap | 19.4% | 19.9% |
| Mid Cap | 9.0% | 3.1% |
| Small Cap | 15.4% | 3.5% |
| Foreign stocks | 0.0% | 0.4% |
| Not on AMFI's list | 1.1% | 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 | SBI Multi Asset Allocation | WhiteOak Capital Multi Asset Allocation |
|---|---|---|
| Banks | 9.4% | 6.2% |
| Pharmaceuticals & Biotechnology | 3.3% | 1.9% |
| Auto Components | 2.7% | 0.1% |
| Transport Services | 2.4% | 0.1% |
| Finance | 2.4% | 1.7% |
| IT - Software | 0.8% | 2.0% |
| Power | 2.0% | 0.7% |
| Telecom - Services | 1.6% | 1.4% |
| Food Products | 0.0% | 1.4% |
The six largest sectors of each fund's stocks, % of the fund.
SBI Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | SBI Multi Asset Allocation Fund | WhiteOak Capital Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.66% | 0.65% |
| Base expense ratio (Direct) | 0.48% | 0.38% |
| Total expense ratio (Regular) | 1.39% | 1.67% |
| Base expense ratio (Regular) | 1.10% | 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 SBI Multi Asset Allocation with
Compare WhiteOak Capital Multi Asset Allocation with
SBI Multi Asset Allocation Fund vs WhiteOak Capital Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between SBI Multi Asset Allocation Fund and WhiteOak Capital Multi Asset Allocation Fund?
Both are Multi Asset funds, run by SBI Mutual Fund and WhiteOak Capital Mutual Fund. Their portfolios overlap 13.2%. SBI Multi Asset Allocation Fund charges 0.66% a year and WhiteOak Capital Multi Asset Allocation Fund 0.65%.
Which has given higher returns, SBI Multi Asset Allocation Fund or WhiteOak Capital Multi Asset Allocation Fund?
Over 1 year: SBI Multi Asset Allocation Fund +2.50%, WhiteOak Capital Multi Asset Allocation Fund +6.03%. Over 3 years: SBI Multi Asset Allocation Fund +13.91% a year, WhiteOak Capital Multi Asset Allocation Fund +16.11% a year. As on 29-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, SBI Multi Asset Allocation Fund or WhiteOak Capital Multi Asset Allocation Fund?
WhiteOak Capital Multi Asset Allocation Fund charges less: 0.65% a year against 0.66%. These are the Direct plans' total expense ratios reported to AMFI.
How much do SBI Multi Asset Allocation Fund and WhiteOak Capital Multi Asset Allocation Fund overlap?
13.2%. They hold 26 of the same securities, the largest shared ones being EMBASSY-RR, BIRET-RR, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, SBI Multi Asset Allocation Fund or WhiteOak Capital Multi Asset Allocation Fund?
On SEBI's riskometer, SBI Multi Asset Allocation Fund is rated Very High and WhiteOak Capital Multi Asset Allocation Fund High. Over 3 years, the standard deviation of daily returns was 7.94% and 5.74% a year.
Which is better for SIP, SBI Multi Asset Allocation Fund or WhiteOak Capital Multi Asset Allocation Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 29-10-2026 grew to ₹4,22,668 in SBI Multi Asset Allocation Fund (XIRR 8.6% 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 SBI Multi Asset Allocation Fund and WhiteOak Capital Multi Asset Allocation Fund?
Yes. 13.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages SBI Multi Asset Allocation Fund and WhiteOak Capital Multi Asset Allocation Fund?
SBI Multi Asset Allocation Fund: Mansi Sajeja, Dinesh Balachandran, Vandna Soni. WhiteOak Capital Multi Asset Allocation Fund: Ramesh Mantri, Piyush Baranwal, Dheeresh Pathak, Ashish Agrawal, Trupti 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.