Tata Ultra Short Term Fund vs WhiteOak Capital Ultra Short Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Tata Ultra Short Term Fund and WhiteOak Capital Ultra Short Term Fund are both Ultra Short funds. In the 3 years to 30-10-2026, Tata Ultra Short Term Fund (Direct) returned 7.4% a year and WhiteOak Capital Ultra Short Term Fund (Direct) returned 6.9% a year. Tata Ultra Short Term Fund charges 0.33% a year and WhiteOak Capital Ultra Short Term Fund 0.27% (Direct plans). Their portfolios overlap 4.7%: they hold 2 of the same securities.
Tata Ultra Short Term Fund
Ultra Short
- 3 year return
- 7.4%
- Expense ratio
- 0.33%
- NAV
- ₹16.27
WhiteOak Capital Ultra Short Term Fund
Ultra Short
- 3 year return
- 6.9%
- Expense ratio
- 0.27%
- NAV
- ₹1,527.59
Which is better, Tata Ultra Short Term or WhiteOak Capital Ultra Short Term? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Tata Ultra Short Term returned more over 5 years: 6.8% a year against 6.4%.
- Tata Ultra Short Term returned more over 3 years: 7.4% a year against 6.9%.
- WhiteOak Capital Ultra Short Term costs less: 0.27% a year against 0.33% (Direct plans).
- WhiteOak Capital Ultra Short Term swung less over 3 years: a standard deviation of 0.4% a year against 0.4%.
- WhiteOak Capital Ultra Short Term fell less in its worst fall since 10-06-2019: −0.2% against −0.7%.
- Tata Ultra Short Term is the larger fund: ₹5,404 Cr against ₹549 Cr.
- Their portfolios overlap 4.7%: 2 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 Ultra Short Term Fund | WhiteOak Capital Ultra Short Term Fund |
|---|---|---|
| Fund house | Tata Mutual Fund | WhiteOak Capital Mutual Fund |
| Category | Ultra Short | Ultra Short |
| AUM | ₹5,404 Cr (30-09-2026) | ₹549 Cr (30-09-2026) |
| NAV | ₹16.27 (Direct) | ₹1,527.59 (Direct) |
| Expense ratio (Direct) | 0.33% | 0.27% |
| Expense ratio (Regular) | 1.11% | 0.82% |
| Riskometer | Moderate | Low to Moderate |
| Benchmark | CRISIL Ultra Short Duration Debt A-I Index | CRISIL Ultra Short Duration Debt A-I Index |
| Launch date | 22-01-2019 | 06-06-2019 |
| Minimum investment | ₹5,000 | For Growth option - Rs.500; For IDCW option - Rs.2000 |
| Lock in | None | None |
| Fund managers | Dhawal Joshi, Amit Somani | Piyush Baranwal |
| Exit load | NIL | Nil |
Tata Ultra Short Term vs WhiteOak Capital Ultra Short Term: 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 Ultra Short Term Fund (Direct) | +0.39% | +1.59% | +3.46% | +6.84% | +7.44% | +6.82% | -- |
| WhiteOak Capital Ultra Short Term Fund (Direct) | +0.29% | +1.43% | +3.16% | +6.20% | +6.92% | +6.36% | -- |
| Ultra Short average | +0.30% | +1.34% | +3.06% | +6.00% | +6.82% | +6.27% | -- |
Category average: the average of the 26 Ultra Short funds, same plan type.
Tata Ultra Short Term vs WhiteOak Capital Ultra Short Term: Year-wise Returns
| Year | TataTata Ultra Short Term | WhiteOak CapitalWhiteOak Capital Ultra Short Term |
|---|---|---|
| 2026to date | +5.71% | +5.18% |
| 2025 | +7.47% | +6.94% |
| 2024 | +7.88% | +7.46% |
| 2023 | +7.40% | +7.06% |
| 2022 | +4.93% | +4.60% |
| 2021 | +3.89% | +4.51% |
Tata Ultra Short Term vs WhiteOak Capital Ultra Short Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 1,064 of them, one for each trading day from 10-06-2022 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 Ultra Short Term Fund (Direct)
WhiteOak Capital Ultra Short Term Fund (Direct)
to
Oct 2022Jul 2020
to
Jul 2023Apr 2021
to
Apr 2024Jan 2022
to
Jan 2025Oct 2022
to
Oct 2025Jun 2023
to
Jun 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tata Ultra Short Term | 0.0 | 22.6 | 77.4 | 0.0 | 0.0 | 0.0 | 0.0 | 6.3% | 6.2% | 4.8% | 7.7% |
| WhiteOak Capital Ultra Short Term | 0.0 | 26.2 | 73.8 | 0.0 | 0.0 | 0.0 | 0.0 | 5.9% | 6.0% | 4.3% | 7.2% |
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 10-06-2019. Past returns do not promise future returns.
Tata Ultra Short Term vs WhiteOak Capital Ultra Short Term: 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 03-06-2019 to 30-10-2026: 89 instalments, ₹8,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Tata Ultra Short TermTata Ultra Short Term Fund (Direct) | ₹8,90,000 | ₹11,46,781 | ₹2,56,781 | 6.7% |
| WhiteOak Capital Ultra Short TermWhiteOak Capital Ultra Short Term Fund (Direct) | ₹8,90,000 | ₹11,28,147 | ₹2,38,147 | 6.3% |
Tata Ultra Short TermTata Ultra Short Term Fund (Direct)
WhiteOak Capital Ultra Short TermWhiteOak Capital Ultra Short Term 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 Ultra Short Term vs WhiteOak Capital Ultra Short Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Tata Ultra Short Term Fund (Direct) | WhiteOak Capital Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.84% | +6.20% |
| Standard deviation | 0.45% | 0.43% |
| Sharpe ratio | 3.55 | 2.19 |
| Sortino ratio | 6.36 | 3.56 |
| Maximum drawdown | −0.1% (08-07-2026) | −0.1% (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 | Tata Ultra Short Term Fund (Direct) | WhiteOak Capital Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.44% | +6.92% |
| Standard deviation | 0.37% | 0.36% |
| Sharpe ratio | 3.83 | 2.47 |
| Sortino ratio | 7.92 | 4.60 |
| Maximum drawdown | −0.1% (08-07-2026) | −0.1% (22-10-2026) |
| 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 | Tata Ultra Short Term Fund (Direct) | WhiteOak Capital Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.82% | +6.36% |
| Standard deviation | 0.36% | 0.34% |
| Sharpe ratio | 2.84 | 1.63 |
| Sortino ratio | 5.38 | 2.91 |
| Maximum drawdown | −0.2% (06-05-2022) | −0.2% (11-05-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 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 Ultra Short Term Fund (Direct) | WhiteOak Capital Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.46% | +5.89% |
| Standard deviation | 0.46% | 0.53% |
| Sharpe ratio | 2.73 | 1.39 |
| Sortino ratio | 5.60 | 4.39 |
| Maximum drawdown | −0.7% (24-03-2020) | −0.2% (11-05-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 23-01-2019 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 Ultra Short Term Fund (Direct)
WhiteOak Capital Ultra Short Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Tata Ultra Short Term Fund (Direct) | −0.7% | 11-03-2020 | 24-03-2020 | 27-03-2020 | 3 days | 0.0% |
| WhiteOak Capital Ultra Short Term Fund (Direct) | −0.2% | 02-05-2022 | 11-05-2022 | 24-05-2022 | 13 days | 0.0% |
From daily values since 10-06-2019, 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 Ultra Short Term Fund (Direct)
WhiteOak Capital Ultra Short Term 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.
Tata Ultra Short Term Fund (Direct)
WhiteOak Capital Ultra Short Term Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Tata Ultra Short Term Fund (Direct)
WhiteOak Capital Ultra Short Term Fund (Direct)
Tata Ultra Short Term vs WhiteOak Capital Ultra Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: Tata Ultra Short Term Fund, September 2026; WhiteOak Capital Ultra Short Term Fund, September 2026
Holdings in common
- Overlap
- 4.7%
- Held by both
- 2
- Only in Tata Ultra Short Term
- 45
- Only in WhiteOak Capital Ultra Short Term
- 20
| Security | % of Tata Ultra Short Term | % of WhiteOak Capital Ultra Short Term |
|---|---|---|
| ** - CANARA BANK - CD - 04/03/2027 | 4.95% | 4.42% |
| SBIMF AIF - CAT I (CDMDF)27/10/2038 | 0.28% | 0.29% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 4.7% means 4.7% 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 Ultra Short Term Fund
| Security | % of fund |
|---|---|
| ** - HDFC BANK LTD - CD - 15/01/2027 | 9.98% |
| ** TREASURY BILL 91 DAYS (05/11/2026) | 5.06% |
| ** 07.80 % NABARD - 15/03/2027 | 4.63% |
| ** - YES BANK LTD - CD - 05/03/2027 | 4.49% |
| ** - UJJIVAN SMALL FINANCE BANK LTD - CD - 18/03/2027 | 4.02% |
Largest holdings only in WhiteOak Capital Ultra Short Term Fund
| Security | % of fund |
|---|---|
| National Bank For Agriculture and Rural Development (17/02/2027) | 8.87% |
| Bank of Baroda (08/03/2027) | 8.49% |
| 8.9% Muthoot Finance Limited (17/06/2027) | 4.56% |
| 7.9% LIC Housing Finance Limited (23/06/2027) | 4.55% |
| 7.14% Bajaj Housing Finance Limited (26/02/2027) | 4.54% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Tata Ultra Short Term | WhiteOak Capital Ultra Short Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 96.5% | 94.2% |
| Cash and others | 3.5% | 5.8% |
Tata Ultra Short Term vs WhiteOak Capital Ultra Short Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Tata Ultra Short Term Fund | WhiteOak Capital Ultra Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.33% | 0.27% |
| Base expense ratio (Direct) | 0.26% | 0.22% |
| Total expense ratio (Regular) | 1.11% | 0.82% |
| Base expense ratio (Regular) | 1.00% | 0.69% |
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 Ultra Short Term with
Compare WhiteOak Capital Ultra Short Term with
Tata Ultra Short Term Fund vs WhiteOak Capital Ultra Short Term Fund: Frequently Asked Questions
What is the difference between Tata Ultra Short Term Fund and WhiteOak Capital Ultra Short Term Fund?
Both are Ultra Short funds, run by Tata Mutual Fund and WhiteOak Capital Mutual Fund. Their portfolios overlap 4.7%. Tata Ultra Short Term Fund charges 0.33% a year and WhiteOak Capital Ultra Short Term Fund 0.27%.
Which has given higher returns, Tata Ultra Short Term Fund or WhiteOak Capital Ultra Short Term Fund?
Over 1 year: Tata Ultra Short Term Fund +6.84%, WhiteOak Capital Ultra Short Term Fund +6.20%. Over 3 years: Tata Ultra Short Term Fund +7.44% a year, WhiteOak Capital Ultra Short Term Fund +6.92% a year. Over 5 years: Tata Ultra Short Term Fund +6.82% a year, WhiteOak Capital Ultra Short Term Fund +6.36% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Tata Ultra Short Term Fund or WhiteOak Capital Ultra Short Term Fund?
WhiteOak Capital Ultra Short Term Fund charges less: 0.27% a year against 0.33%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Tata Ultra Short Term Fund and WhiteOak Capital Ultra Short Term Fund overlap?
4.7%. They hold 2 of the same securities, the largest shared ones being ** - CANARA BANK - CD - 04/03/2027, SBIMF AIF - CAT I (CDMDF)27/10/2038. From each fund's latest monthly portfolio.
Which is riskier, Tata Ultra Short Term Fund or WhiteOak Capital Ultra Short Term Fund?
On SEBI's riskometer, Tata Ultra Short Term Fund is rated Moderate and WhiteOak Capital Ultra Short Term Fund Low to Moderate. Over 3 years, the standard deviation of daily returns was 0.37% and 0.36% a year.
Which is better for SIP, Tata Ultra Short Term Fund or WhiteOak Capital Ultra Short Term Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,33,732 in Tata Ultra Short Term Fund (XIRR 7.2% a year) and ₹7,24,469 in WhiteOak Capital Ultra Short Term Fund (XIRR 6.7% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Tata Ultra Short Term Fund and WhiteOak Capital Ultra Short Term Fund?
Yes. 4.7% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages Tata Ultra Short Term Fund and WhiteOak Capital Ultra Short Term Fund?
Tata Ultra Short Term Fund: Dhawal Joshi, Amit Somani. WhiteOak Capital Ultra Short Term 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.