Tata Multicap Fund vs WhiteOak Capital Multi Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Tata Multicap Fund and WhiteOak Capital Multi Cap Fund are both Multi Cap funds. In the 3 years to 30-10-2026, Tata Multicap Fund (Direct) returned 9.4% a year and WhiteOak Capital Multi Cap Fund (Direct) returned 17.5% a year. Tata Multicap Fund charges 0.82% a year and WhiteOak Capital Multi Cap Fund 0.89% (Direct plans). Their portfolios overlap 20.7%: they hold 31 of the same securities.
WhiteOak Capital Multi Cap Fund
Multi Cap
- 3 year return
- 17.5%
- Expense ratio
- 0.89%
- NAV
- ₹16.08
Which is better, Tata Multicap or WhiteOak Capital Multi 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 Multi Cap returned more over 3 years: 17.5% a year against 9.4%.
- WhiteOak Capital Multi Cap returned more over 1 year: −0.5% against −0.8%.
- Tata Multicap costs less: 0.82% a year against 0.89% (Direct plans).
- WhiteOak Capital Multi Cap swung less over 3 years: a standard deviation of 14.4% a year against 15.2%.
- WhiteOak Capital Multi Cap fell less in its worst fall since 25-09-2023: −16.9% against −22.4%.
- WhiteOak Capital Multi Cap is the larger fund: ₹4,308 Cr against ₹3,409 Cr.
- Their portfolios overlap 20.7%: 31 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 | Tata Multicap Fund | WhiteOak Capital Multi Cap Fund |
|---|---|---|
| Fund house | Tata Mutual Fund | WhiteOak Capital Mutual Fund |
| Category | Multi Cap | Multi Cap |
| AUM | ₹3,409 Cr (30-09-2026) | ₹4,308 Cr (30-09-2026) |
| NAV | ₹15.25 (Direct) | ₹16.08 (Direct) |
| Expense ratio (Direct) | 0.82% | 0.89% |
| Expense ratio (Regular) | 2.18% | 2.21% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 500 Multicap 50:25:25 Total Return Index | NIFTY 500 Multicap 50:25:25 Total Return Index |
| Launch date | 02-02-2023 | 22-09-2023 |
| Minimum investment | ₹5,000 | ₹500 |
| Lock in | None | None |
| Fund managers | Meeta Shetty, Murthy Nagarajan, Hasmukh Vishariya | Ramesh Mantri, Piyush Baranwal, Trupti Agrawal, Dheeresh Pathak, Ashish Agrawal |
| Exit load | Exit load of 0.50%, if redeemed within 30 days. | Nil |
Tata Multicap vs WhiteOak Capital Multi 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 |
|---|---|---|---|---|---|---|---|
| Tata Multicap Fund (Direct) | −1.68% | −6.58% | −0.16% | −0.78% | +9.40% | -- | -- |
| WhiteOak Capital Multi Cap Fund (Direct) | −1.42% | −4.28% | +3.31% | −0.45% | +17.52% | -- | -- |
| Multi Cap average | −2.65% | −3.95% | +1.99% | −1.14% | +13.54% | -- | -- |
Category average: the average of the 33 Multi Cap funds, same plan type.
Tata Multicap vs WhiteOak Capital Multi Cap: Year-wise Returns
| Year | Tata MulticapTata Multicap | WhiteOak Capital Multi CapWhiteOak Capital Multi Cap | Nifty500 Multicap 50:25:25 TRI |
|---|---|---|---|
| 2026to date | −1.66% | +0.42% | −5.56% |
| 2025 | +4.65% | +7.19% | +5.29% |
| 2024 | +14.27% | +30.77% | +19.34% |
Tata Multicap vs WhiteOak Capital Multi Cap: Rolling Returns
Every holding period of both funds, against Nifty500 Multicap 50:25:25 TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 22 of them, one for each trading day from 25-09-2026 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.
Tata Multicap Fund (Direct)
WhiteOak Capital Multi Cap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
to
Sept 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 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 | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tata Multicap | 0.0 | 0.0 | 95.5 | 4.5 | 0.0 | 0.0 | 0.0 | 9.1% | 9.1% | 8.4% | 10.3% | 0% |
| WhiteOak Capital Multi Cap | 0.0 | 0.0 | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 17.3% | 17.5% | 16.4% | 18.3% | 100% |
| Nifty500 Multicap 50:25:25 TRI | 0.0 | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 10.9% | 11.0% | 10.1% | 12.0% | -- |
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 Nifty500 Multicap 50:25:25 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 25-09-2023. Past returns do not promise future returns.
Tata Multicap vs WhiteOak Capital Multi 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 01-09-2023 to 30-10-2026: 38 instalments, ₹3,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Tata MulticapTata Multicap Fund (Direct) | ₹3,80,000 | ₹4,05,896 | ₹25,896 | 4.1% |
| WhiteOak Capital Multi CapWhiteOak Capital Multi Cap Fund (Direct) | ₹3,80,000 | ₹4,40,528 | ₹60,528 | 9.3% |
Tata MulticapTata Multicap Fund (Direct)
WhiteOak Capital Multi CapWhiteOak Capital Multi 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.
Tata Multicap vs WhiteOak Capital Multi Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Tata Multicap Fund (Direct) | WhiteOak Capital Multi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −0.78% | −0.45% |
| Standard deviation | 14.71% | 13.86% |
| Sharpe ratio | -0.41 | -0.41 |
| Sortino ratio | -0.56 | -0.56 |
| Maximum drawdown | −13.1% (31-03-2026) | −15.0% (23-03-2026) |
| Beta | 0.96 | 0.91 |
| Alpha | +4.84% | +4.59% |
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 | Tata Multicap Fund (Direct) | WhiteOak Capital Multi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.40% | +17.52% |
| Standard deviation | 15.18% | 14.37% |
| Sharpe ratio | 0.22 | 0.80 |
| Sortino ratio | 0.30 | 1.09 |
| Maximum drawdown | −22.4% (28-02-2025) | −16.9% (28-02-2025) |
| Beta | 0.98 | 0.93 |
| Alpha | −1.78% | +6.61% |
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 | Tata Multicap Fund (Direct) | WhiteOak Capital Multi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.46% | +16.50% |
| Standard deviation | 14.14% | 14.33% |
| Sharpe ratio | 0.37 | 0.73 |
| Sortino ratio | 0.50 | 0.99 |
| Maximum drawdown | −22.4% (28-02-2025) | −16.9% (28-02-2025) |
| Beta | 0.97 | 0.93 |
| Alpha | −2.32% | +6.65% |
From daily NAVs, 09-02-2023 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.
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.
Tata Multicap Fund (Direct)
WhiteOak Capital Multi Cap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Tata Multicap Fund (Direct) | −22.4% | 27-09-2024 | 28-02-2025 | 17-06-2026 | 16 months | −8.3% |
| WhiteOak Capital Multi Cap Fund (Direct) | −16.9% | 11-12-2024 | 28-02-2025 | 27-06-2025 | 4 months | −6.8% |
| Nifty500 Multicap 50:25:25 TRI | −19.8% | 26-09-2024 | 03-03-2025 | 03-08-2026 | 17 months | −8.0% |
From daily values since 25-09-2023, 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.
Tata Multicap Fund (Direct)
WhiteOak Capital Multi Cap Fund (Direct)
Nifty500 Multicap 50:25:25 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.
Tata Multicap Fund (Direct)
WhiteOak Capital Multi Cap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
Against Nifty500 Multicap 50:25:25 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Tata Multicap Fund (Direct) | 90% | 93% | 3.56% |
| WhiteOak Capital Multi Cap Fund (Direct) | 110% | 83% | 3.80% |
From month-end values since 25-09-2023. 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.
Tata Multicap vs WhiteOak Capital Multi Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Tata Multicap Fund, September 2026; WhiteOak Capital Multi Cap Fund, September 2026
Holdings in common
- Overlap
- 20.7%
- Held by both
- 31
- Only in Tata Multicap
- 47
- Only in WhiteOak Capital Multi Cap
- 177
| Security | % of Tata Multicap | % of WhiteOak Capital Multi Cap |
|---|---|---|
| HDFC BANK LTD | 7.22% | 2.10% |
| ICICI BANK LTD | 2.00% | 5.07% |
| BHARTI AIRTEL LTD | 1.80% | 2.69% |
| MAHINDRA & MAHINDRA LTD | 1.69% | 1.49% |
| RELIANCE INDUSTRIES LTD | 2.44% | 1.19% |
| FEDERAL BANK LTD | 1.21% | 1.19% |
| KOTAK MAHINDRA BANK LTD | 1.83% | 1.13% |
| COFORGE LTD | 1.27% | 0.99% |
| STATE BANK OF INDIA | 0.96% | 1.63% |
| MARUTI SUZUKI INDIA LTD | 1.76% | 0.75% |
| AXIS BANK LTD | 2.16% | 0.65% |
| DR. LAL PATH LABS LTD | 1.98% | 0.58% |
| AIA ENGINEERING LTD | 0.70% | 0.58% |
| KEI INDUSTRIES LTD | 0.62% | 0.57% |
| PNB HOUSING FINANCE LTD | 0.91% | 0.49% |
| PERSISTENT SYSTEMS LTD | 0.48% | 1.00% |
| AADHAR HOUSING FINANCE LTD | 0.44% | 1.16% |
| TBO TEK LTD | 1.09% | 0.42% |
| VISHAL MEGA MART LTD | 1.75% | 0.41% |
| VIJAYA DIAGNOSTIC CENTRE LTD | 0.87% | 0.41% |
| FIRSTSOURCE SOLUTIONS LTD | 1.29% | 0.31% |
| CUMMINS INDIA LTD | 0.91% | 0.25% |
| GODREJ PROPERTIES LTD | 0.53% | 0.25% |
| ABBOTT INDIA LTD | 0.83% | 0.24% |
| INFOSYS LTD | 1.18% | 0.20% |
| VEDANTA ALUMINIUM METAL LTD | 0.82% | 0.20% |
| NMDC LTD | 0.68% | 0.20% |
| NTPC LTD | 2.20% | 0.16% |
| UJJIVAN SMALL FINANCE BANK LTD | 0.50% | 0.14% |
| MASTEK LTD | 0.42% | 0.12% |
| ATHER ENERGY LTD | 0.93% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 20.7% means 20.7% 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 Tata Multicap Fund
| Security | % of fund |
|---|---|
| ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD | 3.69% |
| PEARL GLOBAL INDUSTRIES LTD | 2.18% |
| DIXON TECHNOLOGIES (INDIA) LTD | 1.76% |
| METROPOLIS HEALTHCARE LTD | 1.74% |
| SPR AUTO TECHNOLOGIES LTD | 1.67% |
Largest holdings only in WhiteOak Capital Multi Cap Fund
| Security | % of fund |
|---|---|
| Nestle India Limited | 2.51% |
| Eternal Limited | 1.69% |
| Nexus Select Trust - REIT | 1.67% |
| Bharti Hexacom Limited | 1.17% |
| Max Financial Services Limited | 1.16% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Tata Multicap | WhiteOak Capital Multi Cap |
|---|---|---|
| Equity | 94.1% | 88.1% |
| Debt | 0.0% | 3.7% |
| Cash and others | 5.9% | 8.3% |
Market cap of stocks
| Market cap | Tata Multicap | WhiteOak Capital Multi Cap |
|---|---|---|
| Large Cap | 39.5% | 31.6% |
| Mid Cap | 26.6% | 24.0% |
| Small Cap | 27.1% | 29.6% |
| Not on AMFI's list | 0.8% | 2.9% |
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 | Tata Multicap | WhiteOak Capital Multi Cap |
|---|---|---|
| Banks | 19.6% | 14.3% |
| Healthcare Services | 8.6% | 3.9% |
| Pharmaceuticals & Biotechnology | 2.3% | 7.7% |
| Finance | 5.0% | 7.3% |
| Auto Components | 6.6% | 2.1% |
| Retailing | 2.5% | 5.1% |
| Industrial Products | 5.1% | 3.2% |
| Automobiles | 4.4% | 2.4% |
| Telecom - Services | 3.2% | 3.9% |
The six largest sectors of each fund's stocks, % of the fund.
Tata Multicap vs WhiteOak Capital Multi Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Tata Multicap Fund | WhiteOak Capital Multi Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.82% | 0.89% |
| Base expense ratio (Direct) | 0.48% | 0.50% |
| Total expense ratio (Regular) | 2.18% | 2.21% |
| Base expense ratio (Regular) | 1.65% | 1.62% |
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 Tata Multicap with
Tata Multicap Fund vs WhiteOak Capital Multi Cap Fund: Frequently Asked Questions
What is the difference between Tata Multicap Fund and WhiteOak Capital Multi Cap Fund?
Both are Multi Cap funds, run by Tata Mutual Fund and WhiteOak Capital Mutual Fund. Their portfolios overlap 20.7%. Tata Multicap Fund charges 0.82% a year and WhiteOak Capital Multi Cap Fund 0.89%.
Which has given higher returns, Tata Multicap Fund or WhiteOak Capital Multi Cap Fund?
Over 1 year: Tata Multicap Fund −0.78%, WhiteOak Capital Multi Cap Fund −0.45%. Over 3 years: Tata Multicap Fund +9.40% a year, WhiteOak Capital Multi Cap Fund +17.52% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Tata Multicap Fund or WhiteOak Capital Multi Cap Fund?
Tata Multicap Fund charges less: 0.82% a year against 0.89%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Tata Multicap Fund and WhiteOak Capital Multi Cap Fund overlap?
20.7%. They hold 31 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, Tata Multicap Fund or WhiteOak Capital Multi Cap Fund?
On SEBI's riskometer, Tata Multicap Fund is rated Very High and WhiteOak Capital Multi Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 15.18% and 14.37% a year.
Which is better for SIP, Tata Multicap Fund or WhiteOak Capital Multi Cap Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,92,964 in Tata Multicap Fund (XIRR 3.9% a year) and ₹4,24,483 in WhiteOak Capital Multi Cap Fund (XIRR 8.9% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Tata Multicap Fund and WhiteOak Capital Multi Cap Fund?
Yes. 20.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Tata Multicap Fund and WhiteOak Capital Multi Cap Fund?
Tata Multicap Fund: Meeta Shetty, Murthy Nagarajan, Hasmukh Vishariya. WhiteOak Capital Multi 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.