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    WhiteOak Capital ELSS Tax Saver Fund vs WhiteOak Capital Flexi Cap Fund

    Direct Plan, Growth option · Data as on 30-10-2026

    WhiteOak Capital ELSS Tax Saver Fund is an ELSS fund and WhiteOak Capital Flexi Cap Fund is a Flexi Cap fund. In the 3 years to 30-10-2026, WhiteOak Capital ELSS Tax Saver Fund (Direct) returned 15.5% a year and WhiteOak Capital Flexi Cap Fund (Direct) returned 14.0% a year. WhiteOak Capital ELSS Tax Saver Fund charges 0.86% a year and WhiteOak Capital Flexi Cap Fund 0.82% (Direct plans). Their portfolios overlap 80.5%: they hold 126 of the same securities.

    WhiteOak Capital ELSS Tax Saver Fund

    ELSS

    3 year return
    15.5%
    Expense ratio
    0.86%
    NAV
    ₹18.41
    See WhiteOak Capital ELSS Tax Saver Fund

    WhiteOak Capital Flexi Cap Fund

    Flexi Cap

    3 year return
    14.0%
    Expense ratio
    0.82%
    NAV
    ₹18.25
    See WhiteOak Capital Flexi Cap Fund

    Which is better, WhiteOak Capital ELSS Tax Saver or WhiteOak Capital Flexi 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 ELSS Tax Saver returned more over 3 years: 15.5% a year against 14.0%.
    • WhiteOak Capital ELSS Tax Saver returned more over 1 year: −2.3% against −2.6%.
    • WhiteOak Capital Flexi Cap costs less: 0.82% a year against 0.86% (Direct plans).
    • WhiteOak Capital Flexi Cap swung less over 3 years: a standard deviation of 13.6% a year against 14.1%.
    • WhiteOak Capital Flexi Cap fell less in its worst fall since 17-10-2022: −15.6% against −16.4%.
    • WhiteOak Capital Flexi Cap is the larger fund: ₹9,325 Cr against ₹481 Cr.
    • Their portfolios overlap 80.5%: 126 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

    FactWhiteOak Capital ELSS Tax Saver FundWhiteOak Capital Flexi Cap Fund
    Fund houseWhiteOak Capital Mutual FundWhiteOak Capital Mutual Fund
    CategoryELSSFlexi Cap
    AUM₹481 Cr (30-09-2026)₹9,325 Cr (30-09-2026)
    NAV₹18.41 (Direct)₹18.25 (Direct)
    Expense ratio (Direct)0.86%0.82%
    Expense ratio (Regular)2.58%2.05%
    RiskometerVery HighVery High
    BenchmarkBSE 500 TRIBSE 500 TRI
    Launch date14-10-202202-08-2022
    Minimum investment₹500₹500
    Lock in3 yearsNone
    Fund managersRamesh Mantri, Piyush Baranwal, Trupti Agrawal, Dheeresh Pathak, Ashish AgrawalRamesh Mantri, Piyush Baranwal, Trupti Agrawal, Dheeresh Pathak, Ashish Agrawal
    Exit loadNilNil

    WhiteOak Capital ELSS Tax Saver vs WhiteOak Capital Flexi Cap: Returns Comparison

    Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

    Fund1M3M6M1Y3Y5Y10Y
    WhiteOak Capital ELSS Tax Saver Fund (Direct)−0.74%−3.51%+3.23%−2.32%+15.53%----
    WhiteOak Capital Flexi Cap Fund (Direct)−0.78%−4.33%+2.26%−2.61%+13.99%----
    ELSS average−2.34%−5.61%−1.63%−5.75%+10.92%----
    Flexi Cap average−1.62%−4.17%+1.00%−3.58%+12.37%----

    Category average: the average of the 50 ELSS funds and the 46 Flexi Cap funds, same plan type.

    WhiteOak Capital ELSS Tax Saver vs WhiteOak Capital Flexi Cap: Year-wise Returns

    YearELSS Tax SaverWhiteOak Capital ELSS Tax SaverFlexi CapWhiteOak Capital Flexi CapBSE 500 TRI
    2026to date−1.72%−2.11%−7.81%
    2025+4.95%+6.05%+7.63%
    2024+30.34%+25.47%+15.81%
    2023+34.58%+33.29%+26.55%

    WhiteOak Capital ELSS Tax Saver vs WhiteOak Capital Flexi Cap: Rolling Returns

    Every holding period of both funds, against BSE 500 TRI, the benchmark of both

    Rolling returns

    Every 3-year holding period, 253 of them, one for each trading day from 17-10-2025 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.

    0%5%10%15%20%25%
    Nov 2022
    to
    Nov 2025    Jan 2023
    to
    Jan 2026    Mar 2023
    to
    Mar 2026    May 2023
    to
    May 2026    Jul 2023
    to
    Jul 2026    Sept 2023
    to
    Sept 2026
    WhiteOak Capital ELSS Tax Saver Fund (Direct)WhiteOak Capital Flexi Cap Fund (Direct)BSE 500 TRI

    How the periods spread

    FundBelow 0%0-5%5-10%10-15%15-20%20-25%Above 25%MeanMedianLowestHighestBeat benchmark
    WhiteOak Capital ELSS Tax Saver0.00.00.04.045.550.60.019.8%20.1%14.3%23.9%100%
    WhiteOak Capital Flexi Cap0.00.00.012.649.837.50.018.4%19.0%12.8%22.5%100%
    BSE 500 TRI0.00.09.546.643.90.00.014.0%14.6%8.4%17.8%--

    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 17-10-2022. Past returns do not promise future returns.

    WhiteOak Capital ELSS Tax Saver vs WhiteOak Capital Flexi 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

    Step up each year
    PeriodFor

    ₹10,000 on the first trading day of every month, from 17-10-2022 to 30-10-2026: 49 instalments, ₹4,90,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    WhiteOak Capital ELSS Tax SaverWhiteOak Capital ELSS Tax Saver Fund (Direct) ₹4,90,000 ₹6,21,529 ₹1,31,529 11.7%
    WhiteOak Capital Flexi CapWhiteOak Capital Flexi Cap Fund (Direct) ₹4,90,000 ₹6,08,985 ₹1,18,985 10.7%
    ₹0₹2.0 L₹4.0 L₹6.0 L₹8.0 L
    2023202420252026
    WhiteOak Capital ELSS Tax SaverWhiteOak Capital ELSS Tax Saver Fund (Direct)WhiteOak Capital Flexi CapWhiteOak Capital Flexi 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.

    WhiteOak Capital ELSS Tax Saver vs WhiteOak Capital Flexi Cap: Risk and Drawdowns

    How much each fund swings, and the worst fall over the same days

    Risk and return

    MeasureWhiteOak Capital ELSS Tax Saver Fund (Direct)WhiteOak Capital Flexi Cap Fund (Direct)
    Return (CAGR)+15.53%+13.99%
    Standard deviation14.09%13.65%
    Sharpe ratio0.670.58
    Sortino ratio0.920.79
    Maximum drawdown−16.4% (28-02-2025)−15.6% (28-02-2025)
    Beta0.960.94
    Alpha+5.78%+4.34%

    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.

    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.

    −20%−15%−10%−5%0%
    2023202420252026
    WhiteOak Capital ELSS Tax Saver Fund (Direct)WhiteOak Capital Flexi Cap Fund (Direct)BSE 500 TRI
    FundWorst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    WhiteOak Capital ELSS Tax Saver Fund (Direct)−16.4%11-12-202428-02-202527-06-20254 months−6.4%
    WhiteOak Capital Flexi Cap Fund (Direct)−15.6%16-12-202428-02-202526-06-20254 months−6.5%
    BSE 500 TRI−18.7%26-09-202428-02-2025Not yet--−9.4%

    From daily values since 17-10-2022, 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 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.

    0%5%10%15%
    2026
    WhiteOak Capital ELSS Tax Saver Fund (Direct)WhiteOak Capital Flexi Cap Fund (Direct)BSE 500 TRI

    Against BSE 500 TRI

    FundUp captureDown captureTracking error
    WhiteOak Capital ELSS Tax Saver Fund (Direct)108%80%4.22%
    WhiteOak Capital Flexi Cap Fund (Direct)104%80%3.78%

    From month-end values since 17-10-2022. 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 Flexi Cap: Portfolio Overlap

    From each fund's latest monthly portfolio: WhiteOak Capital ELSS Tax Saver Fund, September 2026; WhiteOak Capital Flexi Cap Fund, September 2026

    Holdings in common

    Overlap
    80.5%
    Held by both
    126
    Only in WhiteOak Capital ELSS Tax Saver
    15
    Only in WhiteOak Capital Flexi Cap
    41
    Security% of WhiteOak Capital ELSS Tax Saver% of WhiteOak Capital Flexi Cap
    ICICI Bank Limited8.15%8.47%
    Bharti Airtel Limited3.91%4.63%
    HDFC Bank Limited3.97%3.81%
    Nestle India Limited3.52%3.67%
    State Bank of India2.47%2.62%
    Mahindra & Mahindra Limited2.41%2.55%
    Kotak Mahindra Bank Limited2.56%2.19%
    Reliance Industries Limited2.33%2.08%
    Eternal Limited2.82%1.88%
    Titan Company Limited1.80%1.68%

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 80.5% means 80.5% 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 Limited1.24%
    Vasa Denticity Limited0.50%
    Tube Investments of India Limited0.47%
    Lumax Auto Technologies Limited0.41%
    Abbott India Limited0.38%

    Largest holdings only in WhiteOak Capital Flexi Cap Fund

    Security% of fund
    Nexus Select Trust - REIT1.45%
    National Highways Infra Trust0.90%
    91 Days Tbill (MD 29/10/2026)0.72%
    Divi's Laboratories Limited0.59%
    Vertis Infrastructure Trust0.55%

    Asset and sector split

    Share of each fund, from its latest monthly portfolio

    Asset allocation

    AssetWhiteOak Capital ELSS Tax SaverWhiteOak Capital Flexi Cap
    Equity97.4%89.5%
    Debt0.0%3.3%
    Cash and others2.6%7.1%

    Market cap of stocks

    Market capWhiteOak Capital ELSS Tax SaverWhiteOak Capital Flexi Cap
    Large Cap52.3%52.1%
    Mid Cap11.7%8.1%
    Small Cap30.4%27.0%
    Not on AMFI's list3.0%2.4%

    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

    SectorWhiteOak Capital ELSS Tax SaverWhiteOak Capital Flexi Cap
    Banks20.3%19.9%
    Finance7.6%7.4%
    Pharmaceuticals & Biotechnology6.4%5.5%
    IT - Software5.6%3.7%
    Retailing5.5%4.1%
    Consumer Durables5.0%3.6%
    Telecom - Services3.9%4.6%
    Food Products4.1%4.3%

    The six largest sectors of each fund's stocks, % of the fund.

    WhiteOak Capital ELSS Tax Saver vs WhiteOak Capital Flexi Cap: Expense Ratio

    What each plan charges a year, from AMFI's expense ratio file

    ChargeWhiteOak Capital ELSS Tax Saver FundWhiteOak Capital Flexi Cap Fund
    Total expense ratio (Direct)0.86%0.82%
    Base expense ratio (Direct)0.64%0.47%
    Total expense ratio (Regular)2.58%2.05%
    Base expense ratio (Regular)2.10%1.51%

    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

    WhiteOak Capital ELSS Tax Saver Fund vs WhiteOak Capital Flexi Cap Fund: Frequently Asked Questions

    What is the difference between WhiteOak Capital ELSS Tax Saver Fund and WhiteOak Capital Flexi Cap Fund?

    WhiteOak Capital ELSS Tax Saver Fund is an ELSS fund, WhiteOak Capital Flexi Cap Fund is a Flexi Cap fund, run by WhiteOak Capital Mutual Fund. Their portfolios overlap 80.5%. WhiteOak Capital ELSS Tax Saver Fund charges 0.86% a year and WhiteOak Capital Flexi Cap Fund 0.82%.

    Which has given higher returns, WhiteOak Capital ELSS Tax Saver Fund or WhiteOak Capital Flexi Cap Fund?

    Over 1 year: WhiteOak Capital ELSS Tax Saver Fund −2.32%, WhiteOak Capital Flexi Cap Fund −2.61%. Over 3 years: WhiteOak Capital ELSS Tax Saver Fund +15.53% a year, WhiteOak Capital Flexi Cap Fund +13.99% a year. 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 Flexi Cap Fund?

    WhiteOak Capital Flexi Cap Fund charges less: 0.82% a year against 0.86%. These are the Direct plans' total expense ratios reported to AMFI.

    How much do WhiteOak Capital ELSS Tax Saver Fund and WhiteOak Capital Flexi Cap Fund overlap?

    80.5%. They hold 126 of the same securities, the largest shared ones being ICICIBANK, BHARTIARTL, HDFCBANK. From each fund's latest monthly portfolio.

    Which is riskier, WhiteOak Capital ELSS Tax Saver Fund or WhiteOak Capital Flexi Cap Fund?

    On SEBI's riskometer, WhiteOak Capital ELSS Tax Saver Fund is rated Very High and WhiteOak Capital Flexi Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 14.09% and 13.65% a year.

    Which is better for SIP, WhiteOak Capital ELSS Tax Saver Fund or WhiteOak Capital Flexi Cap Fund?

    Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,11,468 in WhiteOak Capital ELSS Tax Saver Fund (XIRR 6.9% a year) and ₹4,06,843 in WhiteOak Capital Flexi Cap Fund (XIRR 6.1% a year). Both received 37 instalments. Past returns do not promise future returns.

    Can I invest in both WhiteOak Capital ELSS Tax Saver Fund and WhiteOak Capital Flexi Cap Fund?

    Yes. 80.5% of each fund's money sits in the same holdings, so a large part of the two investments would move together.

    Who manages WhiteOak Capital ELSS Tax Saver Fund and WhiteOak Capital Flexi Cap Fund?

    WhiteOak Capital ELSS Tax Saver Fund: Ramesh Mantri, Piyush Baranwal, Trupti Agrawal, Dheeresh Pathak, Ashish Agrawal. WhiteOak Capital Flexi 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.

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