Shriram Liquid Fund vs WhiteOak Capital Liquid Fund
Direct Plan, Growth option · Data as on 30-10-2026
Shriram Liquid Fund and WhiteOak Capital Liquid Fund are both Liquid funds. In the year to 30-10-2026, Shriram Liquid Fund (Direct) returned 6.3% and WhiteOak Capital Liquid Fund (Direct) returned 6.4%. Shriram Liquid Fund charges 0.16% a year and WhiteOak Capital Liquid Fund 0.13% (Direct plans). Their portfolios overlap 15.4%: they hold 6 of the same securities.
WhiteOak Capital Liquid Fund
Liquid
- 1 year return
- 6.4%
- Expense ratio
- 0.13%
- NAV
- ₹1,531.18
Which is better, Shriram Liquid or WhiteOak Capital Liquid? 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 Liquid returned more over 1 year: 6.4% against 6.3%.
- WhiteOak Capital Liquid costs less: 0.13% a year against 0.16% (Direct plans).
- Shriram Liquid fell less in its worst fall since 20-11-2024: −0.0% against −0.0%.
- WhiteOak Capital Liquid is the larger fund: ₹727 Cr against ₹547 Cr.
- Their portfolios overlap 15.4%: 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 | Shriram Liquid Fund | WhiteOak Capital Liquid Fund |
|---|---|---|
| Fund house | Shriram Mutual Fund | WhiteOak Capital Mutual Fund |
| Category | Liquid | Liquid |
| AUM | ₹547 Cr (30-09-2026) | ₹727 Cr (30-09-2026) |
| NAV | ₹1,129.60 (Direct) | ₹1,531.18 (Direct) |
| Expense ratio (Direct) | 0.16% | 0.13% |
| Expense ratio (Regular) | 0.29% | 0.23% |
| Riskometer | Low to Moderate | Low to Moderate |
| Benchmark | NIFTY Liquid Index A-I | CRISIL Liquid Debt A-I Index |
| Launch date | 14-11-2024 | 16-01-2019 |
| Minimum investment | ₹1,000 | For Growth option - Rs.500; For IDCW option - Rs.2000 |
| Lock in | None | None |
| Fund managers | Amit Modani | Piyush Baranwal |
| Exit load | Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days. | Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days. |
Shriram Liquid vs WhiteOak Capital Liquid: 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 |
|---|---|---|---|---|---|---|---|
| Shriram Liquid Fund (Direct) | +0.45% | +1.48% | +3.13% | +6.31% | -- | -- | -- |
| WhiteOak Capital Liquid Fund (Direct) | +0.43% | +1.49% | +3.13% | +6.36% | +6.80% | +6.25% | -- |
| Liquid average | +0.44% | +1.46% | +3.06% | +6.23% | +6.66% | +6.18% | -- |
Category average: the average of the 44 Liquid funds, same plan type.
Shriram Liquid vs WhiteOak Capital Liquid: Year-wise Returns
| Year | ShriramShriram Liquid | WhiteOak CapitalWhiteOak Capital Liquid |
|---|---|---|
| 2026to date | +5.28% | +5.32% |
| 2025 | +6.26% | +6.49% |
| 2024 | -- | +7.36% |
| 2023 | -- | +6.96% |
| 2022 | -- | +4.56% |
| 2021 | -- | +3.01% |
Shriram Liquid vs WhiteOak Capital Liquid: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 340 of them, one for each trading day from 20-11-2025 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.
Shriram Liquid Fund (Direct)
WhiteOak Capital Liquid Fund (Direct)
to
Dec 2025Feb 2025
to
Feb 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 2026Oct 2025
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shriram Liquid | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.2% | 6.2% | 5.9% | 6.4% |
| WhiteOak Capital Liquid | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.3% | 6.3% | 6.1% | 6.6% |
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 20-11-2024. Past returns do not promise future returns.
Shriram Liquid vs WhiteOak Capital Liquid: 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 20-11-2024 to 30-10-2026: 24 instalments, ₹2,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Shriram LiquidShriram Liquid Fund (Direct) | ₹2,40,000 | ₹2,55,765 | ₹15,765 | 6.3% |
| WhiteOak Capital LiquidWhiteOak Capital Liquid Fund (Direct) | ₹2,40,000 | ₹2,56,024 | ₹16,024 | 6.4% |
Shriram LiquidShriram Liquid Fund (Direct)
WhiteOak Capital LiquidWhiteOak Capital Liquid 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.
Shriram Liquid vs WhiteOak Capital Liquid: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Shriram Liquid Fund (Direct) | WhiteOak Capital Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.31% | +6.36% |
| Standard deviation | 0.19% | 0.22% |
| Sharpe ratio | 5.45 | 4.99 |
| Sortino ratio | 16.25 | 13.07 |
| Maximum drawdown | −0.0% (25-09-2026) | −0.0% (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 | Shriram Liquid Fund (Direct) | WhiteOak Capital Liquid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.36% | +5.62% |
| Standard deviation | 0.15% | 0.18% |
| Sharpe ratio | 5.03 | 2.28 |
| Sortino ratio | 14.24 | 4.73 |
| Maximum drawdown | −0.0% (25-09-2026) | −0.1% (05-05-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 21-11-2024 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.
Shriram Liquid Fund (Direct)
WhiteOak Capital Liquid Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Shriram Liquid Fund (Direct) | −0.0% | 24-09-2026 | 25-09-2026 | 26-09-2026 | 1 days | 0.0% |
| WhiteOak Capital Liquid Fund (Direct) | −0.0% | 20-10-2026 | 22-10-2026 | 25-10-2026 | 3 days | 0.0% |
From daily values since 20-11-2024, 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.
Shriram Liquid Fund (Direct)
WhiteOak Capital Liquid Fund (Direct)
Shriram Liquid vs WhiteOak Capital Liquid: Portfolio Overlap
From each fund's latest monthly portfolio: Shriram Liquid Fund, September 2026; WhiteOak Capital Liquid Fund, September 2026
Holdings in common
- Overlap
- 15.4%
- Held by both
- 6
- Only in Shriram Liquid
- 16
- Only in WhiteOak Capital Liquid
- 21
| Security | % of Shriram Liquid | % of WhiteOak Capital Liquid |
|---|---|---|
| 91 DAYS TBILL RED 27-11-2026 | 4.53% | 6.51% |
| BANK OF BARODA CD RED 11-11-26 | 4.54% | 3.42% |
| AXIS BANK LTD CD RED 26-11-2026 | 4.53% | 3.41% |
| 91 DAYS TBILL RED 10-12-2026 | 4.52% | 2.04% |
| KOTAK MAHINDRA BANK CD RED 21-12-2026 | 4.51% | 1.90% |
| SBI CDMDF--A2 | 0.08% | 0.25% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 15.4% means 15.4% 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 Shriram Liquid Fund
| Security | % of fund |
|---|---|
| EXIM BANK CP RED 04-11-2026 | 9.09% |
| 91 DAYS TBILL RED 22-10-2026 | 4.74% |
| HDFC BANK CD RED 06-11-2026 | 4.54% |
| BAJAJ FINANCE LTD CP 18-11-26 | 4.53% |
| NABARD CP RED 27-11-2026 | 4.53% |
Largest holdings only in WhiteOak Capital Liquid Fund
| Security | % of fund |
|---|---|
| Export Import Bank of India (14/12/2026) | 10.19% |
| Power Finance Corporation Limited (09/12/2026) | 6.80% |
| Union Bank of India (27/10/2026) | 3.43% |
| 91 Days Tbill (MD 29/10/2026) | 3.43% |
| Titan Company Limited (19/10/2026) | 3.43% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Shriram Liquid | WhiteOak Capital Liquid |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 96.2% | 95.7% |
| Cash and others | 3.8% | 4.3% |
Shriram Liquid vs WhiteOak Capital Liquid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Shriram Liquid Fund | WhiteOak Capital Liquid Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.16% | 0.13% |
| Base expense ratio (Direct) | 0.13% | 0.11% |
| Total expense ratio (Regular) | 0.29% | 0.23% |
| Base expense ratio (Regular) | 0.24% | 0.20% |
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 Shriram Liquid with
Shriram Liquid Fund vs WhiteOak Capital Liquid Fund: Frequently Asked Questions
What is the difference between Shriram Liquid Fund and WhiteOak Capital Liquid Fund?
Both are Liquid funds, run by Shriram Mutual Fund and WhiteOak Capital Mutual Fund. Their portfolios overlap 15.4%. Shriram Liquid Fund charges 0.16% a year and WhiteOak Capital Liquid Fund 0.13%.
Which has given higher returns, Shriram Liquid Fund or WhiteOak Capital Liquid Fund?
Over 1 year: Shriram Liquid Fund +6.31%, WhiteOak Capital Liquid Fund +6.36%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Shriram Liquid Fund or WhiteOak Capital Liquid Fund?
WhiteOak Capital Liquid Fund charges less: 0.13% a year against 0.16%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Shriram Liquid Fund and WhiteOak Capital Liquid Fund overlap?
15.4%. They hold 6 of the same securities, the largest shared ones being 91 DAYS TBILL RED 27-11-2026, BANK OF BARODA CD RED 11-11-26, AXIS BANK LTD CD RED 26-11-2026. From each fund's latest monthly portfolio.
Which is riskier, Shriram Liquid Fund or WhiteOak Capital Liquid Fund?
On SEBI's riskometer, Shriram Liquid Fund is rated Low to Moderate and WhiteOak Capital Liquid Fund Low to Moderate. Over 1 years, the standard deviation of daily returns was 0.19% and 0.22% a year.
Can I invest in both Shriram Liquid Fund and WhiteOak Capital Liquid Fund?
Yes. 15.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Shriram Liquid Fund and WhiteOak Capital Liquid Fund?
Shriram Liquid Fund: Amit Modani. WhiteOak Capital Liquid 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.