WhiteOak Capital ELSS Tax Saver Fund vs WhiteOak Capital Equity Savings Fund
Direct Plan, Growth option · Data as on 30-10-2026
WhiteOak Capital ELSS Tax Saver Fund is an ELSS fund and WhiteOak Capital Equity Savings Fund is an Equity Savings fund. In the year to 30-10-2026, WhiteOak Capital ELSS Tax Saver Fund (Direct) returned −2.3% and WhiteOak Capital Equity Savings Fund (Direct) returned 4.3%. WhiteOak Capital ELSS Tax Saver Fund charges 0.86% a year and WhiteOak Capital Equity Savings Fund 1.51% (Direct plans). Their portfolios overlap 37.2%: they hold 82 of the same securities.
WhiteOak Capital ELSS Tax Saver Fund
ELSS
- 1 year return
- −2.3%
- Expense ratio
- 0.86%
- NAV
- ₹18.41
WhiteOak Capital Equity Savings Fund
Equity Savings
- 1 year return
- 4.3%
- Expense ratio
- 1.51%
- NAV
- ₹11.71
Which is better, WhiteOak Capital ELSS Tax Saver or WhiteOak Capital Equity Savings? 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 Equity Savings returned more over 1 year: 4.3% against −2.3%.
- WhiteOak Capital ELSS Tax Saver costs less: 0.86% a year against 1.51% (Direct plans).
- WhiteOak Capital Equity Savings fell less in its worst fall since 13-03-2025: −3.8% against −15.9%.
- WhiteOak Capital ELSS Tax Saver is the larger fund: ₹481 Cr against ₹271 Cr.
- Their portfolios overlap 37.2%: 82 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 | WhiteOak Capital ELSS Tax Saver Fund | WhiteOak Capital Equity Savings Fund |
|---|---|---|
| Fund house | WhiteOak Capital Mutual Fund | WhiteOak Capital Mutual Fund |
| Category | ELSS | Equity Savings |
| AUM | ₹481 Cr (30-09-2026) | ₹271 Cr (30-09-2026) |
| NAV | ₹18.41 (Direct) | ₹11.71 (Direct) |
| Expense ratio (Direct) | 0.86% | 1.51% |
| Expense ratio (Regular) | 2.58% | 2.99% |
| Riskometer | Very High | Moderate |
| Benchmark | BSE 500 TRI | Nifty Equity Savings TRI |
| Launch date | 14-10-2022 | 12-03-2025 |
| Minimum investment | ₹500 | ₹500 |
| Lock in | 3 years | None |
| Fund managers | Ramesh Mantri, Piyush Baranwal, Trupti Agrawal, Dheeresh Pathak, Ashish Agrawal | Ramesh Mantri, Piyush Baranwal, Trupti Agrawal, Dheeresh Pathak, Ashish Agrawal, Bhavin Patadia |
| Exit load | Nil | Nil |
WhiteOak Capital ELSS Tax Saver vs WhiteOak Capital Equity Savings: 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 |
|---|---|---|---|---|---|---|---|
| WhiteOak Capital ELSS Tax Saver Fund (Direct) | −0.74% | −3.51% | +3.23% | −2.32% | +15.53% | -- | -- |
| WhiteOak Capital Equity Savings Fund (Direct) | +0.01% | −0.36% | +2.93% | +4.28% | -- | -- | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | -- | -- |
| Equity Savings average | −0.02% | −0.68% | +1.71% | +2.12% | -- | -- | -- |
Category average: the average of the 50 ELSS funds and the 23 Equity Savings funds, same plan type.
WhiteOak Capital ELSS Tax Saver vs WhiteOak Capital Equity Savings: Year-wise Returns
| Year | ELSS Tax SaverWhiteOak Capital ELSS Tax Saver | Equity SavingsWhiteOak Capital Equity Savings |
|---|---|---|
| 2026to date | −1.72% | +2.68% |
| 2025 | +4.95% | -- |
| 2024 | +30.34% | -- |
| 2023 | +34.58% | -- |
WhiteOak Capital ELSS Tax Saver vs WhiteOak Capital Equity Savings: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of WhiteOak Capital ELSS Tax Saver Fund
Rolling returns
Every 1-year holding period, 155 of them, one for each trading day from 13-03-2026 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.
WhiteOak Capital ELSS Tax Saver Fund (Direct)
WhiteOak Capital Equity Savings Fund (Direct)
BSE 500 TRI
to
Mar 2026May 2025
to
May 2026Jun 2025
to
Jun 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 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 | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WhiteOak Capital ELSS Tax Saver | 16.8 | 52.3 | 30.3 | 0.6 | 0.0 | 0.0 | 0.0 | 3.1% | 2.6% | −4.2% | 10.4% | 89% |
| WhiteOak Capital Equity Savings | 0.0 | 7.1 | 78.1 | 14.8 | 0.0 | 0.0 | 0.0 | 8.5% | 8.9% | 3.7% | 12.5% | 100% |
| BSE 500 TRI | 43.2 | 41.3 | 14.8 | 0.6 | 0.0 | 0.0 | 0.0 | 0.7% | 0.5% | −9.2% | 10.4% | -- |
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 BSE 500 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 13-03-2025. Past returns do not promise future returns.
WhiteOak Capital ELSS Tax Saver vs WhiteOak Capital Equity Savings: 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 03-03-2025 to 30-10-2026: 20 instalments, ₹2,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| WhiteOak Capital ELSS Tax SaverWhiteOak Capital ELSS Tax Saver Fund (Direct) | ₹2,00,000 | ₹2,05,114 | ₹5,114 | 2.9% |
| WhiteOak Capital Equity SavingsWhiteOak Capital Equity Savings Fund (Direct) | ₹2,00,000 | ₹2,11,300 | ₹11,300 | 6.5% |
WhiteOak Capital ELSS Tax SaverWhiteOak Capital ELSS Tax Saver Fund (Direct)
WhiteOak Capital Equity SavingsWhiteOak Capital Equity Savings 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.
WhiteOak Capital ELSS Tax Saver vs WhiteOak Capital Equity Savings: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | WhiteOak Capital ELSS Tax Saver Fund (Direct) | WhiteOak Capital Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | −2.32% | +4.28% |
| Standard deviation | 13.78% | 3.74% |
| Sharpe ratio | -0.55 | -0.26 |
| Sortino ratio | -0.74 | -0.35 |
| Maximum drawdown | −15.9% (23-03-2026) | −3.8% (23-03-2026) |
| Beta | 0.94 | -- |
| Alpha | +4.63% | -- |
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 | WhiteOak Capital ELSS Tax Saver Fund (Direct) | WhiteOak Capital Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.16% | +10.18% |
| Standard deviation | 13.02% | 3.78% |
| Sharpe ratio | 0.77 | 1.26 |
| Sortino ratio | 1.04 | 1.87 |
| Maximum drawdown | −16.4% (28-02-2025) | −3.8% (23-03-2026) |
| Beta | 0.95 | -- |
| Alpha | +5.64% | -- |
From daily NAVs, 17-10-2022 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.
WhiteOak Capital ELSS Tax Saver Fund (Direct)
WhiteOak Capital Equity Savings Fund (Direct)
BSE 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| WhiteOak Capital ELSS Tax Saver Fund (Direct) | −15.9% | 20-11-2025 | 23-03-2026 | 31-07-2026 | 4 months | −6.4% |
| WhiteOak Capital Equity Savings Fund (Direct) | −3.8% | 11-02-2026 | 23-03-2026 | 17-06-2026 | 3 months | −1.3% |
| BSE 500 TRI | −14.8% | 02-01-2026 | 30-03-2026 | Not yet | -- | −8.7% |
From daily values since 13-03-2025, 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.
WhiteOak Capital ELSS Tax Saver Fund (Direct)
WhiteOak Capital Equity Savings Fund (Direct)
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| WhiteOak Capital ELSS Tax Saver Fund (Direct) | 109% | 86% | 3.65% |
| WhiteOak Capital Equity Savings Fund (Direct) | 49% | 5% | 11.55% |
From month-end values since 13-03-2025. 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.
WhiteOak Capital ELSS Tax Saver vs WhiteOak Capital Equity Savings: Portfolio Overlap
From each fund's latest monthly portfolio: WhiteOak Capital ELSS Tax Saver Fund, September 2026; WhiteOak Capital Equity Savings Fund, September 2026
Holdings in common
- Overlap
- 37.2%
- Held by both
- 82
- Only in WhiteOak Capital ELSS Tax Saver
- 59
- Only in WhiteOak Capital Equity Savings
- 54
| Security | % of WhiteOak Capital ELSS Tax Saver | % of WhiteOak Capital Equity Savings |
|---|---|---|
| ICICI Bank Limited | 8.15% | 9.66% |
| HDFC Bank Limited | 3.97% | 5.84% |
| Bharti Airtel Limited | 3.91% | 2.68% |
| Coforge Limited | 1.87% | 2.80% |
| Eternal Limited | 2.82% | 1.73% |
| Kotak Mahindra Bank Limited | 2.56% | 1.68% |
| State Bank of India | 2.47% | 1.50% |
| Axis Bank Limited | 1.35% | 1.80% |
| Hindalco Industries Limited | 1.03% | 1.92% |
| Reliance Industries Limited | 2.33% | 0.99% |
| Muthoot Finance Limited | 0.89% | 1.88% |
| Nestle India Limited | 3.52% | 0.65% |
| Mahindra & Mahindra Limited | 2.41% | 0.61% |
| Bajaj Finserv Limited | 1.04% | 0.58% |
| Bharat Electronics Limited | 1.63% | 0.48% |
| Torrent Pharmaceuticals Limited | 1.78% | 0.47% |
| Titan Company Limited | 1.80% | 0.45% |
| Power Finance Corporation Limited | 0.46% | 0.44% |
| Adani Enterprises Limited | 0.38% | 2.09% |
| Maruti Suzuki India Limited | 1.49% | 0.36% |
| The Federal Bank Limited | 0.33% | 1.05% |
| Cipla Limited | 0.90% | 0.27% |
| Larsen & Toubro Limited | 0.64% | 0.25% |
| Persistent Systems Limited | 1.26% | 0.21% |
| Tech Mahindra Limited | 0.74% | 0.20% |
| PNB Housing Finance Limited | 0.59% | 0.19% |
| National Stock Exchange Of India Ltd | 0.41% | 0.18% |
| Pidilite Industries Limited | 0.44% | 0.17% |
| Tata Consultancy Services Limited | 0.40% | 0.17% |
| Infosys Limited | 0.48% | 0.16% |
| SS Retail Limited | 0.37% | 0.16% |
| Max Financial Services Limited | 0.85% | 0.15% |
| Lenskart Solutions Limited | 0.69% | 0.15% |
| Tata Steel Limited | 0.28% | 0.15% |
| Navin Fluorine International Limited | 0.86% | 0.14% |
| NTPC Limited | 0.32% | 0.14% |
| Oil & Natural Gas Corporation Limited | 0.30% | 0.14% |
| Aadhar Housing Finance Limited | 1.03% | 0.13% |
| India Shelter Finance Corporation Limited | 0.62% | 0.13% |
| Cholamandalam Investment and Finance Company Ltd | 0.33% | 0.13% |
| LTM Limited | 0.13% | 0.17% |
| Five Star Business Finance Limited | 0.56% | 0.12% |
| Info Edge (India) Limited | 0.54% | 0.12% |
| National Aluminium Company Limited | 0.53% | 0.12% |
| Krishna Institute Of Medical Sciences Limited | 0.48% | 0.12% |
| Asian Paints Limited | 0.78% | 0.11% |
| TD Power Systems Limited | 0.73% | 0.11% |
| Indigo Paints Limited | 0.56% | 0.11% |
| Mankind Pharma Limited | 0.32% | 0.11% |
| Billionbrains Garage Ventures Ltd | 0.26% | 0.11% |
| Azad Engineering Ltd | 0.80% | 0.10% |
| Dynamatic Technologies Limited | 0.59% | 0.10% |
| Poly Medicure Limited | 0.58% | 0.10% |
| CARE Ratings Limited | 0.58% | 0.10% |
| PB Fintech Limited | 0.37% | 0.10% |
| Aditya Infotech Limited | 0.34% | 0.10% |
| KRN Heat Exchanger And Refrigeration Limited | 0.93% | 0.09% |
| Ajax Engineering Limited | 0.63% | 0.09% |
| City Union Bank Limited | 0.60% | 0.09% |
| Leela Palaces Hotels & Resorts Limited | 0.48% | 0.09% |
| The Phoenix Mills Limited | 0.41% | 0.09% |
| Vedanta Aluminium Metal Limited | 0.18% | 0.09% |
| TBO Tek Limited | 0.46% | 0.08% |
| Fortis Healthcare Limited | 0.32% | 0.08% |
| Gillette India Limited | 0.27% | 0.08% |
| Solar Industries India Limited | 0.66% | 0.07% |
| Bajaj Finance Limited | 0.56% | 0.07% |
| eClerx Services Limited | 0.42% | 0.07% |
| Eureka Forbes Ltd | 0.37% | 0.07% |
| Computer Age Management Services Limited | 0.37% | 0.07% |
| Oil India Limited | 0.46% | 0.06% |
| Karur Vysya Bank Limited | 0.44% | 0.06% |
| Intellect Design Arena Limited | 0.30% | 0.06% |
| S.J.S. Enterprises Limited | 0.51% | 0.05% |
| Safari Industries (India) Limited | 0.27% | 0.05% |
| 360 One WAM Limited | 0.22% | 0.05% |
| JSW Steel Limited | 0.35% | 0.04% |
| Indiqube Spaces Limited | 0.25% | 0.04% |
| Doms Industries Limited | 0.23% | 0.04% |
| ICICI Prudential Asset Management Company Limited | 0.17% | 0.02% |
| Hy-Tech Engineers Limited | 0.02% | 0.31% |
| AIA Engineering Limited | 0.29% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 37.2% means 37.2% 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 WhiteOak Capital ELSS Tax Saver Fund
| Security | % of fund |
|---|---|
| Yasho Industries Limited | 1.24% |
| Yash Highvoltage Limited | 0.83% |
| Neuland Laboratories Limited | 0.71% |
| Ajanta Pharma Limited | 0.68% |
| Acutaas Chemicals Limited | 0.64% |
Largest holdings only in WhiteOak Capital Equity Savings Fund
| Security | % of fund |
|---|---|
| 6.28% Government of India (14/07/2032) | 5.15% |
| Vodafone Idea Limited | 4.44% |
| 6.36% Government of India (16/02/2031) | 2.90% |
| Nexus Select Trust - REIT | 2.69% |
| 6.94% Government of India (11/05/2036) | 2.54% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | WhiteOak Capital ELSS Tax Saver | WhiteOak Capital Equity Savings |
|---|---|---|
| Equity | 97.4% | 65.6% |
| Debt | 0.0% | 19.3% |
| Cash and others | 2.6% | 15.1% |
Market cap of stocks
| Market cap | WhiteOak Capital ELSS Tax Saver | WhiteOak Capital Equity Savings |
|---|---|---|
| Large Cap | 52.3% | 49.5% |
| Mid Cap | 11.7% | 10.3% |
| Small Cap | 30.4% | 4.9% |
| Not on AMFI's list | 3.0% | 0.8% |
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 | WhiteOak Capital ELSS Tax Saver | WhiteOak Capital Equity Savings |
|---|---|---|
| Banks | 20.3% | 25.1% |
| Finance | 7.6% | 3.9% |
| Telecom - Services | 3.9% | 7.1% |
| Pharmaceuticals & Biotechnology | 6.4% | 2.1% |
| IT - Software | 5.6% | 4.1% |
| Retailing | 5.5% | 2.2% |
| Consumer Durables | 5.0% | 0.8% |
| Automobiles | 3.9% | 2.7% |
| Insurance | 1.0% | 2.6% |
The six largest sectors of each fund's stocks, % of the fund.
WhiteOak Capital ELSS Tax Saver vs WhiteOak Capital Equity Savings: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | WhiteOak Capital ELSS Tax Saver Fund | WhiteOak Capital Equity Savings Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.86% | 1.51% |
| Base expense ratio (Direct) | 0.64% | 0.75% |
| Total expense ratio (Regular) | 2.58% | 2.99% |
| Base expense ratio (Regular) | 2.10% | 2.00% |
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 WhiteOak Capital ELSS Tax Saver with
Compare WhiteOak Capital Equity Savings with
WhiteOak Capital ELSS Tax Saver Fund vs WhiteOak Capital Equity Savings Fund: Frequently Asked Questions
What is the difference between WhiteOak Capital ELSS Tax Saver Fund and WhiteOak Capital Equity Savings Fund?
WhiteOak Capital ELSS Tax Saver Fund is an ELSS fund, WhiteOak Capital Equity Savings Fund is an Equity Savings fund, run by WhiteOak Capital Mutual Fund. Their portfolios overlap 37.2%. WhiteOak Capital ELSS Tax Saver Fund charges 0.86% a year and WhiteOak Capital Equity Savings Fund 1.51%.
Which has given higher returns, WhiteOak Capital ELSS Tax Saver Fund or WhiteOak Capital Equity Savings Fund?
Over 1 year: WhiteOak Capital ELSS Tax Saver Fund −2.32%, WhiteOak Capital Equity Savings Fund +4.28%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, WhiteOak Capital ELSS Tax Saver Fund or WhiteOak Capital Equity Savings Fund?
WhiteOak Capital ELSS Tax Saver Fund charges less: 0.86% a year against 1.51%. These are the Direct plans' total expense ratios reported to AMFI.
How much do WhiteOak Capital ELSS Tax Saver Fund and WhiteOak Capital Equity Savings Fund overlap?
37.2%. They hold 82 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, WhiteOak Capital ELSS Tax Saver Fund or WhiteOak Capital Equity Savings Fund?
On SEBI's riskometer, WhiteOak Capital ELSS Tax Saver Fund is rated Very High and WhiteOak Capital Equity Savings Fund Moderate. Over 1 years, the standard deviation of daily returns was 13.78% and 3.74% a year.
Can I invest in both WhiteOak Capital ELSS Tax Saver Fund and WhiteOak Capital Equity Savings Fund?
Yes. 37.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages WhiteOak Capital ELSS Tax Saver Fund and WhiteOak Capital Equity Savings Fund?
WhiteOak Capital ELSS Tax Saver Fund: Ramesh Mantri, Piyush Baranwal, Trupti Agrawal, Dheeresh Pathak, Ashish Agrawal. WhiteOak Capital Equity Savings Fund: Ramesh Mantri, Piyush Baranwal, Trupti Agrawal, Dheeresh Pathak, Ashish Agrawal, Bhavin Patadia.
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.