WhiteOak Capital Arbitrage Fund

ArbitrageDirect and Regular plans, Growth option

Data as on 29-10-2026

WhiteOak Capital Arbitrage Fund is an Arbitrage fund run by WhiteOak Capital Mutual Fund. On 30-09-2026, it managed ₹2,623 Cr of investors' money. In the year to 29-10-2026, its Direct plan returned 7.1% and its Regular plan returned 6.3%.

NAV (Direct plan): ₹11.60; ▼ 0.09%29-10-2026
NAV (Regular plan): ₹11.42; ▼ 0.09%29-10-2026
Expense ratio: 2.35%Direct3.13%Regular; 2.35%; A year
Riskometer: Low; Set by the fund house
1 year return: 7.1%Direct6.3%Regular; 7.1%; Total

WhiteOak Capital Arbitrage Fund NAV Today

NAV on 29-10-2026: Direct Plan Growth ₹11.60 (down 0.09% that day); Regular Plan Growth ₹11.42 (down 0.09% that day).

This fund (Direct plan)

₹11.602

WhiteOak Capital Arbitrage Fund Returns vs Arbitrage Funds

Returns as on 29-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Trailing returns
Period	1M	3M	6M	1Y	3Y	5Y	10Y
This fund (Direct)	+0.73%	+1.54%	+3.28%	+7.07%	--	--	--
This fund (Regular)	+0.66%	+1.34%	+2.89%	+6.26%	--	--	--
Arbitrage average	+0.56%	+1.52%	+3.20%	+6.62%	--	--	--
Best in Arbitrage	+0.73%	+1.71%	+3.63%	+7.56%	--	--	--
Worst in Arbitrage	+0.45%	+1.28%	+2.60%	+5.24%	--	--	--
Rank in Arbitrage	1/39	12/38	13/38	3/33	--	--	--

Category rows compare the Direct plans of 39 Arbitrage funds. Rank 1 is the highest return. This fund's benchmark is Nifty 50 Arbitrage TRI. Returns of that index are not available to us, so the category average is the comparison.

WhiteOak Capital Arbitrage Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	+5.72%	+5.07%
2025	+7.43%	+6.62%

WhiteOak Capital Arbitrage Fund Rolling Returns

The return of every holding period in the fund's history, not only the one that ends today

Rolling returns

Each point is the yearly return of one 1-year holding period, plotted on the day it ended. There are 280 periods, one for each trading day from 10-09-2025 to 29-10-2026.

0%2%4%6%8%

Oct 2024
to
Oct 2025Dec 2024
to
Dec 2025Mar 2025
to
Mar 2026May 2025
to
May 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 2026

WhiteOak Capital Arbitrage Fund (Direct)Category average, 39 Arbitrage funds

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	280	7.2%	6.6%	7.6%	0%	6.7%	100%
2 years	33	7.3%	7.2%	7.4%	0%	6.8%	100%

Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 39 Arbitrage funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.

WhiteOak Capital Arbitrage Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	WhiteOak Capital Arbitrage Fund (Direct)This fund	Category average
Return (CAGR)	+7.07%	+6.61%
Standard deviation	1.31%	1.35%
Sharpe ratio	1.40	1.01
Sortino ratio	2.17	1.54
Maximum drawdown	−0.42% (06-08-2026)	−0.45% (06-08-2026)

From daily NAVs, 29-10-2025 to 29-10-2026. 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.

Measure	WhiteOak Capital Arbitrage Fund (Direct)This fund	Category average
Return (CAGR)	+7.15%	+6.79%
Standard deviation	1.10%	1.10%
Sharpe ratio	1.32	0.98
Sortino ratio	2.02	1.50
Maximum drawdown	−0.42% (06-08-2026)	−0.45% (06-08-2026)

From daily NAVs, 10-09-2024 to 29-10-2026. 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.

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.

−0.5%−0.4%−0.3%−0.2%−0.1%0%

20252026

WhiteOak Capital Arbitrage Fund (Direct)Category average, 39 Arbitrage funds

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
WhiteOak Capital Arbitrage Fund (Direct)	−0.42%	03-08-2026	06-08-2026	24-08-2026	18 days	−0.13%
Category average	−0.45%	03-08-2026	06-08-2026	24-08-2026	18 days	−0.04%

From the Direct plan's daily NAV since 10-09-2024, adjusted for unit splits, and the average of the 39 Arbitrage funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

WhiteOak Capital Arbitrage Fund vs Other Arbitrage Funds

The five Arbitrage funds with the best three year return, and this fund. Direct plans.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
Invesco India Arbitrage Fund	1/25	30,396	2.20%	+6.88%	+7.46%	--	--	1.32	2.01	Compare
Kotak Arbitrage Fund	2/25	75,275	2.31%	+6.75%	+7.43%	--	--	1.28	1.96	Compare
Tata Arbitrage Fund	2/25	24,539	1.57%	+6.77%	+7.43%	--	--	1.39	2.16	Compare
WhiteOak Capital Arbitrage Fund	3/33	2,623	2.35%	+7.07%	--	--	--	--	--
Aditya Birla Sun Life Arbitrage Fund	4/25	26,933	1.23%	+6.75%	+7.40%	--	--	1.29	2.00	Compare
Edelweiss Arbitrage Fund	5/25	14,250	1.53%	+6.66%	+7.37%	--	--	1.27	1.98	Compare

AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.

WhiteOak Capital Arbitrage Fund Expense Ratio and Costs

What each plan charges a year, in force from 01-10-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Arbitrage median	Cost rank (1 = cheapest)
Direct	0.38%	0.19%	0.07%	1.71%	2.35%	1.45%	38/39
Regular	1.04%	0.19%	0.07%	1.83%	3.13%	2.08%	36/38

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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Arbitrage funds' plans of the same type are sorted from the lowest total expense ratio to the highest.

Direct vs Regular: what the gap cost

Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

Over the last	Regular	Direct	Direct earned more by	₹1 lakh became (Regular)	₹1 lakh became (Direct)
1 year	6.26%	7.07%	0.81%	₹1,06,260	₹1,07,070

Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

WhiteOak Capital Arbitrage Fund SIP Calculator

What a one-time or monthly investment in this fund would be worth today, from its own NAV history

Growth of an investment

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 10-09-2024 to 29-10-2026: 26 instalments, ₹2,60,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planWhiteOak Capital Arbitrage Fund (Direct)	₹2,60,000	₹2,80,660	₹20,660	7.0%
Regular planWhiteOak Capital Arbitrage Fund (Regular)	₹2,60,000	₹2,78,270	₹18,270	6.2%
Category averageCategory average, 39 Arbitrage funds	₹2,60,000	₹2,79,522	₹19,522	6.6%

₹0₹1.0 L₹2.0 L₹3.0 L

20252026

Direct planWhiteOak Capital Arbitrage Fund (Direct)Regular planWhiteOak Capital Arbitrage Fund (Regular)Category averageCategory average, 39 Arbitrage fundsAmount invested

From each plan's published NAV (Growth option) and the category average, 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 Arbitrage Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

68.4%Equity

Asset	Fund	Category
Equity	68.4%	71.6%
Cash and others	18.7%	19.5%
Debt	12.9%	9.0%

Market cap of stocks

Market cap	Fund	Category
Large Cap	43.9%	54.0%
Mid Cap	20.1%	14.1%
Small Cap	4.4%	3.5%

Share of the whole fund. Category: the average of the Arbitrage funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.

Credit rating

Bonds and money market papers by credit rating, % of the fund. Category: the average of 39 Arbitrage funds.

Rating	Fund	Category
Sovereign	1.5%	2.9%
AAA and A1+	11.4%	5.8%

WhiteOak Capital Arbitrage Fund Sector Allocation

Sector allocation of the fund's stocks as on 30-09-2026

Largest sectors

Banks15.4%
Telecom - Services5.5%
IT - Software5.5%
Petroleum Products5.0%
Finance4.9%
Pharmaceuticals & Biotechnology3.7%
Automobiles3.6%
Capital Markets3.1%
Insurance2.2%
Consumer Durables2.0%

The ten largest of 40 sectors. The other 30 add up to 17.6%.

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Banks	11.4%	12.7%	15.4%	+4.0%
IT - Software	6.3%	6.7%	5.5%	−0.8%
Telecom - Services	7.8%	7.5%	5.5%	−2.4%
Petroleum Products	3.7%	4.3%	5.0%	+1.3%
Finance	4.4%	5.0%	4.9%	+0.5%

Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.

WhiteOak Capital Arbitrage Fund Portfolio Holdings

As on 30-09-2026 · 173 holdings · from the fund house's monthly portfolio

Holdings	Sector / Rating	Weight%	1M change
Bandhan Money Market Fund -Direct Plan-Growth		5.73%
WhiteOak Capital Liquid Fund- Direct plan-GR		5.27%
HDFC Bank Limited	Banks	5.17%	+80.5%
Reliance Industries Limited	Petroleum Products	3.93%	+48.4%
Vodafone Idea Limited	Telecom - Services	3.30%	−7.8%
ICICI Bank Limited	Banks	2.32%	+173.0%
WhiteOak Cap Ultra Short Term Fund- Dir Pl-Gr Op		2.28%
Bharti Airtel Limited	Telecom - Services	2.20%	−4.7%
Axis Bank Limited	Banks	1.97%	−7.5%
Kotak Mahindra Bank Limited (21/12/2026)	CRISIL A1+	1.88%
Infosys Limited	IT - Software	1.62%	+48.1%
Hindalco Industries Limited	Non - Ferrous Metals	1.43%	+35.4%
The Federal Bank Limited	Banks	1.38%	+30.3%
TVS Motor Company Limited	Automobiles	1.24%	+10.0%
Coforge Limited	IT - Software	1.14%	+37.5%
Maruti Suzuki India Limited	Automobiles	0.98%	−13.8%
Multi Commodity Exchange of India Limited	Capital Markets	0.96%	+37.4%
Bank of Baroda (08/01/2027) · Certificate of deposit	CARE A1+	0.94%
HDFC Bank Limited (22/01/2027) · Certificate of deposit	CARE A1+	0.93%
Punjab National Bank (10/02/2027) · Certificate of deposit	CARE A1+	0.93%
Kotak Mahindra Bank Limited (09/03/2027)	CRISIL A1+	0.93%
Biocon Limited	Pharmaceuticals & Biotechnology	0.93%	+1366.7%
Canara Bank (02/02/2027) · Certificate of deposit	CRISIL A1+	0.93%
Canara Bank (10/02/2027) · Certificate of deposit	CRISIL A1+	0.93%
Small Industries Dev Bank of India (14/01/2027) · Certificate of deposit	CRISIL A1+	0.93%
Small Industries Dev Bank of India (04/02/2027) · Certificate of deposit	CRISIL A1+	0.93%
Indian Bank (03/02/2027) · Certificate of deposit	CRISIL A1+	0.93%
Indian Bank (21/06/2027) · Certificate of deposit	CRISIL A1+	0.91%
Steel Authority of India Limited	Ferrous Metals	0.90%	0.0%
NTPC Limited	Power	0.89%	−34.5%
Voltas Limited	Consumer Durables	0.86%	+18.2%
Angel One Limited	Capital Markets	0.79%	+45.0%
IndusInd Bank Limited	Banks	0.78%	New
Divi's Laboratories Limited	Pharmaceuticals & Biotechnology	0.76%	+144.3%
Muthoot Finance Limited	Finance	0.76%	−1.1%
Coal India Limited	Consumable Fuels	0.73%	−8.7%
InterGlobe Aviation Limited	Transport Services	0.72%	−0.8%
APL Apollo Tubes Limited	Industrial Products	0.67%	+18.8%
AU Small Finance Bank Limited	Banks	0.67%	+16.0%
SBI Life Insurance Company Limited	Insurance	0.65%	−4.3%
Alkem Laboratories Limited	Pharmaceuticals & Biotechnology	0.64%	+4.4%
State Bank of India	Banks	0.62%	+34.3%
LIC Housing Finance Limited	Finance	0.62%	+13.8%
Lupin Limited	Pharmaceuticals & Biotechnology	0.59%	+25.4%
Page Industries Limited	Textiles & Apparels	0.59%	+143.7%
BSE Limited	Capital Markets	0.58%	+21.3%
182 Days Tbill (MD 18/02/2027) · Treasury bill	Sovereign	0.56%
Bajaj Finance Limited	Finance	0.54%	+19.4%
Tata Consultancy Services Limited	IT - Software	0.54%	−43.3%
HDFC Life Insurance Company Limited	Insurance	0.54%	−3.9%
Bajaj Finserv Limited	Finance	0.52%	+128.7%
Mahindra & Mahindra Limited	Automobiles	0.51%	+100.9%
Canara Bank	Banks	0.51%	0.0%
UltraTech Cement Limited	Cement & Cement Products	0.51%	−63.9%
Tech Mahindra Limited	IT - Software	0.51%	+79.0%
Hindustan Petroleum Corporation Limited	Petroleum Products	0.49%	+110.5%
Cholamandalam Investment and Finance Company Ltd	Finance	0.49%	−2.3%
SBI Cards and Payment Services Limited	Finance	0.48%	+27.4%
Bharat Forge Limited	Auto Components	0.48%	−32.6%
HCL Technologies Limited	IT - Software	0.48%	+13.7%
IDFC First Bank Limited	Banks	0.47%	0.0%
KPIT Technologies Limited	IT - Software	0.46%	−49.1%
Eternal Limited	Retailing	0.46%	+528.0%
Titan Company Limited	Consumer Durables	0.45%	+24.4%
PB Fintech Limited	Financial Technology (Fintech)	0.45%	+153.6%
Jindal Steel Limited	Ferrous Metals	0.45%	0.0%
Eicher Motors Limited	Automobiles	0.44%	+1.3%
Indian Bank	Banks	0.43%	+34.3%
Central Depository Services (India) Limited	Capital Markets	0.42%	+26.0%
Radico Khaitan Limited	Beverages	0.42%	+43.2%
Max Financial Services Limited	Insurance	0.39%	−26.3%
Bajaj Finserv Liquid Fund - Direct Plan - Growth		0.38%
182 Days Tbill (MD 21/01/2027) · Treasury bill	Sovereign	0.37%
Swiggy Limited	Retailing	0.37%	+756.0%
Mphasis Limited	IT - Software	0.37%	+51.9%
Larsen & Toubro Limited	Construction	0.36%	+105.8%
Life Insurance Corporation Of India	Insurance	0.36%	+507.1%
Ashok Leyland Limited	Agricultural, Commercial & Construction Vehicles	0.36%	−6.9%
Sun Pharmaceutical Industries Limited	Pharmaceuticals & Biotechnology	0.35%	+10.6%
Indian Oil Corporation Limited	Petroleum Products	0.35%	−2.8%
Manappuram Finance Limited	Finance	0.34%	+4.4%
NHPC Limited	Power	0.34%	New
Kotak Mahindra Bank Limited	Banks	0.33%	−27.5%
Cummins India Limited	Industrial Products	0.32%	+15.8%
Persistent Systems Limited	IT - Software	0.30%	+59.5%
Oil India Limited	Oil	0.30%	+150.0%
Hindustan Zinc Limited	Non - Ferrous Metals	0.29%	−7.5%
National Aluminium Company Limited	Non - Ferrous Metals	0.28%	−33.7%
PG Electroplast Limited	Consumer Durables	0.28%	+2.6%
Grasim Industries Limited	Cement & Cement Products	0.27%	+35.8%
Oil & Natural Gas Corporation Limited	Oil	0.27%	−42.6%
Info Edge (India) Limited	Retailing	0.27%	+19.1%
Torrent Pharmaceuticals Limited	Pharmaceuticals & Biotechnology	0.27%	+144.9%
Vedanta Limited	Diversified Metals	0.26%	−49.2%
Power Finance Corporation Limited	Finance	0.24%	+29.3%
Marico Limited	Agricultural Food & other Products	0.24%	+2133.3%
Shriram Finance Limited	Finance	0.24%	+887.5%
ICICI Lombard General Insurance Company Limited	Insurance	0.24%	−27.3%
Bharat Dynamics Limited	Aerospace & Defense	0.23%	New
Amber Enterprises India Limited	Consumer Durables	0.23%	+8.5%
Bank of Maharashtra	Banks	0.23%	+62.5%
Jio Financial Services Limited	Finance	0.23%	−32.2%
Astral Limited	Industrial Products	0.22%	+87.0%
Fortis Healthcare Limited	Healthcare Services	0.22%	−5.9%
Ather Energy Limited	Automobiles	0.22%	New
RBL Bank Limited	Banks	0.22%	−16.7%
Varun Beverages Limited	Beverages	0.21%	+36.5%
L&T Finance Limited	Finance	0.21%	+46.9%
One 97 Communications Limited	Financial Technology (Fintech)	0.21%	New
Polycab India Limited	Industrial Products	0.20%	−28.4%
364 Days Tbill (MD 02/10/2026) · Treasury bill	Sovereign	0.19%
182 Days Tbill (MD 04/02/2027) · Treasury bill	Sovereign	0.19%
Bharat Petroleum Corporation Limited	Petroleum Products	0.19%	−18.8%
HDFC Bank Limited (14/12/2026) · Certificate of deposit	CARE A1+	0.19%
ITC Limited	Diversified FMCG	0.19%	−10.7%
Avenue Supermarts Limited	Retailing	0.19%	New
The Phoenix Mills Limited	Realty	0.19%	+1.4%
Nestle India Limited	Food Products	0.19%	+192.3%
Bandhan Liquid Fund -Direct Plan-Growth		0.19%
Sona BLW Precision Forgings Limited	Auto Components	0.18%	+17.9%
KEI Industries Limited	Industrial Products	0.18%	New
GE Vernova T&D India Limited	Electrical Equipment	0.17%	0.0%
Union Bank of India	Banks	0.17%	+9.1%
Premier Energies Limited	Electrical Equipment	0.16%	−4.0%
Sagility Limited	IT - Services	0.16%	+10.8%
Crompton Greaves Consumer Electricals Limited	Consumer Durables	0.16%	0.0%
NMDC Limited	Minerals & Mining	0.16%	−12.0%
SRF Limited	Chemicals & Petrochemicals	0.16%	−6.7%
Kaynes Technology India Limited	Industrial Manufacturing	0.16%	New
HDFC Asset Management Company Limited	Capital Markets	0.15%	+30.2%
Cipla Limited	Pharmaceuticals & Biotechnology	0.13%	+6000.0%
Container Corporation of India Limited	Transport Services	0.13%	+152.0%
PNB Housing Finance Limited	Finance	0.13%	New
Motilal Oswal Financial Services Limited	Capital Markets	0.12%	−45.3%
182 Days Tbill (MD 12/11/2026) · Treasury bill	Sovereign	0.11%
Max Healthcare Institute Limited	Healthcare Services	0.11%	+47.5%
Hindustan Unilever Limited	Diversified FMCG	0.11%	+35.1%
Inox Wind Limited	Electrical Equipment	0.11%	0.0%
ABB India Limited	Electrical Equipment	0.11%	New
Supreme Industries Limited	Industrial Products	0.11%	+585.7%
Godfrey Phillips India Limited	Cigarettes & Tobacco Products	0.11%	+7.8%
Lodha Developers Limited	Realty	0.11%	New
Computer Age Management Services Limited	Capital Markets	0.10%	−25.4%
Wipro Limited	IT - Software	0.09%	+5000.0%
364 Days Tbill (MD 12/11/2026) · Treasury bill	Sovereign	0.08%
REC Limited	Finance	0.08%	New
Hero MotoCorp Limited	Automobiles	0.08%	−10.3%
Tata Consumer Products Limited	Agricultural Food & other Products	0.08%	−31.1%
Adani Enterprises Limited	Metals & Minerals Trading	0.08%	−92.2%
Trent Limited	Retailing	0.08%	+23.3%
Bajaj Auto Limited	Automobiles	0.08%	New
Tube Investments of India Limited	Auto Components	0.08%	+10.0%
Bosch Limited	Auto Components	0.06%	+180.0%
Bank of Baroda	Banks	0.05%	−33.3%
Mazagon Dock Shipbuilders Limited	Industrial Manufacturing	0.05%	−71.7%
Colgate Palmolive (India) Limited	Personal Products	0.05%	−80.0%
91 Days Tbill (MD 03/12/2026) · Treasury bill	Sovereign	0.04%
Hitachi Energy India Limited	Electrical Equipment	0.04%	−83.0%
Kalyan Jewellers India Limited	Consumer Durables	0.04%	−75.0%
Solar Industries India Limited	Chemicals & Petrochemicals	0.04%	New
Tata Motors Passenger Vehicles Limited	Automobiles	0.03%	New
Rail Vikas Nigam Limited	Construction	0.03%	−88.0%
Power Grid Corporation of India Limited	Power	0.03%	−91.0%
Bank of India	Banks	0.02%	+33.3%
Ujjivan Small Finance Bank Limited	Banks	0.02%	New
Oberoi Realty Limited	Realty	0.01%	−97.5%
JSW Energy Limited	Power	0.01%	New
Indus Towers Limited	Telecom - Services	0.01%	−91.5%
Siemens Energy India Limited	Electrical Equipment	0.01%	New
Nippon Life India Asset Management Limited	Capital Markets	0.01%	−93.4%
Apollo Hospitals Enterprise Limited	Healthcare Services	0.01%	+100.0%
Hyundai Motor India Ltd	Automobiles	0.00%	New
Force Motors Limited	Automobiles	0.00%	−99.3%

WhiteOak Capital Arbitrage Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

HDFC Bank Limited	Added	+80.5%	5.17%
Vodafone Idea Limited	Reduced	−7.8%	3.30%
Reliance Industries Limited	Added	+48.4%	3.93%
Bharti Airtel Limited	Reduced	−4.7%	2.20%
Axis Bank Limited	Reduced	−7.5%	1.97%
ICICI Bank Limited	Added	+173.0%	2.32%
UltraTech Cement Limited	Reduced	−63.9%	0.51%
Infosys Limited	Added	+48.1%	1.62%
NTPC Limited	Reduced	−34.5%	0.89%
Maruti Suzuki India Limited	Reduced	−13.8%	0.98%
Hindalco Industries Limited	Added	+35.4%	1.43%
The Federal Bank Limited	Added	+30.3%	1.38%
TVS Motor Company Limited	Added	+10.0%	1.24%
Tata Consultancy Services Limited	Reduced	−43.3%	0.54%
KPIT Technologies Limited	Reduced	−49.1%	0.46%
Coforge Limited	Added	+37.5%	1.14%
Adani Enterprises Limited	Reduced	−92.2%	0.08%
Muthoot Finance Limited	Reduced	−1.1%	0.76%
Multi Commodity Exchange of India Limited	Added	+37.4%	0.96%
Voltas Limited	Added	+18.2%	0.86%
Biocon Limited	Added	+1366.7%	0.93%
Bharat Forge Limited	Reduced	−32.6%	0.48%
InterGlobe Aviation Limited	Reduced	−0.8%	0.72%
Coal India Limited	Reduced	−8.7%	0.73%
SBI Life Insurance Company Limited	Reduced	−4.3%	0.65%
Angel One Limited	Added	+45.0%	0.79%
IndusInd Bank Limited	New	New	0.78%
Divi's Laboratories Limited	Added	+144.3%	0.76%
Alkem Laboratories Limited	Added	+4.4%	0.64%
AU Small Finance Bank Limited	Added	+16.0%	0.67%
Max Financial Services Limited	Reduced	−26.3%	0.39%
HDFC Life Insurance Company Limited	Reduced	−3.9%	0.54%
Cholamandalam Investment and Finance Company Ltd	Reduced	−2.3%	0.49%
APL Apollo Tubes Limited	Added	+18.8%	0.67%
Vedanta Limited	Reduced	−49.2%	0.26%
LIC Housing Finance Limited	Added	+13.8%	0.62%
State Bank of India	Added	+34.3%	0.62%
BSE Limited	Added	+21.3%	0.58%
Lupin Limited	Added	+25.4%	0.59%
Page Industries Limited	Added	+143.7%	0.59%
Bajaj Finance Limited	Added	+19.4%	0.54%
Eicher Motors Limited	Added	+1.3%	0.44%
Oil & Natural Gas Corporation Limited	Reduced	−42.6%	0.27%
National Aluminium Company Limited	Reduced	−33.7%	0.28%
Kotak Mahindra Bank Limited	Reduced	−27.5%	0.33%
HCL Technologies Limited	Added	+13.7%	0.48%
Bajaj Finserv Limited	Added	+128.7%	0.52%
Mahindra & Mahindra Limited	Added	+100.9%	0.51%
Ashok Leyland Limited	Reduced	−6.9%	0.36%
Tech Mahindra Limited	Added	+79.0%	0.51%
SBI Cards and Payment Services Limited	Added	+27.4%	0.48%
Hindustan Petroleum Corporation Limited	Added	+110.5%	0.49%
Titan Company Limited	Added	+24.4%	0.45%
Eternal Limited	Added	+528.0%	0.46%
PB Fintech Limited	Added	+153.6%	0.45%
Jio Financial Services Limited	Reduced	−32.2%	0.23%
Indian Oil Corporation Limited	Reduced	−2.8%	0.35%
Indian Bank	Added	+34.3%	0.43%
Central Depository Services (India) Limited	Added	+26.0%	0.42%
Power Grid Corporation of India Limited	Reduced	−91.0%	0.03%
Radico Khaitan Limited	Added	+43.2%	0.42%
Sun Pharmaceutical Industries Limited	Added	+10.6%	0.35%
Manappuram Finance Limited	Added	+4.4%	0.34%
Mankind Pharma Limited	Sold out	−100%	was 0.41%
Hindustan Zinc Limited	Reduced	−7.5%	0.29%
Polycab India Limited	Reduced	−28.4%	0.20%
PG Electroplast Limited	Added	+2.6%	0.28%
Swiggy Limited	Added	+756.0%	0.37%
Mphasis Limited	Added	+51.9%	0.37%
ICICI Lombard General Insurance Company Limited	Reduced	−27.3%	0.24%
Larsen & Toubro Limited	Added	+105.8%	0.36%
Life Insurance Corporation Of India	Added	+507.1%	0.36%
Oberoi Realty Limited	Reduced	−97.5%	0.01%
Cochin Shipyard Limited	Sold out	−100%	was 0.35%
Cummins India Limited	Added	+15.8%	0.32%
NHPC Limited	New	New	0.34%
Hitachi Energy India Limited	Reduced	−83.0%	0.04%
Rail Vikas Nigam Limited	Reduced	−88.0%	0.03%
Fortis Healthcare Limited	Reduced	−5.9%	0.22%
Persistent Systems Limited	Added	+59.5%	0.30%
Oil India Limited	Added	+150.0%	0.30%
Bharat Petroleum Corporation Limited	Reduced	−18.8%	0.19%
Colgate Palmolive (India) Limited	Reduced	−80.0%	0.05%
Info Edge (India) Limited	Added	+19.1%	0.27%
RBL Bank Limited	Reduced	−16.7%	0.22%
Amber Enterprises India Limited	Added	+8.5%	0.23%
UNO Minda Limited	Sold out	−100%	was 0.28%
Grasim Industries Limited	Added	+35.8%	0.27%
Motilal Oswal Financial Services Limited	Reduced	−45.3%	0.12%
Torrent Pharmaceuticals Limited	Added	+144.9%	0.27%
Force Motors Limited	Reduced	−99.3%	0.00%
Power Finance Corporation Limited	Added	+29.3%	0.24%
ITC Limited	Reduced	−10.7%	0.19%
Marico Limited	Added	+2133.3%	0.24%
NMDC Limited	Reduced	−12.0%	0.16%
Shriram Finance Limited	Added	+887.5%	0.24%
Premier Energies Limited	Reduced	−4.0%	0.16%
Bharat Dynamics Limited	New	New	0.23%
Mazagon Dock Shipbuilders Limited	Reduced	−71.7%	0.05%
Bank of Maharashtra	Added	+62.5%	0.23%
Astral Limited	Added	+87.0%	0.22%
Ather Energy Limited	New	New	0.22%
DLF Limited	Sold out	−100%	was 0.22%
Varun Beverages Limited	Added	+36.5%	0.21%
The Phoenix Mills Limited	Added	+1.4%	0.19%
L&T Finance Limited	Added	+46.9%	0.21%
One 97 Communications Limited	New	New	0.21%
Nippon Life India Asset Management Limited	Reduced	−93.4%	0.01%
SRF Limited	Reduced	−6.7%	0.16%
Union Bank of India	Added	+9.1%	0.17%
Sagility Limited	Added	+10.8%	0.16%
Avenue Supermarts Limited	New	New	0.19%
Nestle India Limited	Added	+192.3%	0.19%
Kalyan Jewellers India Limited	Reduced	−75.0%	0.04%
Prestige Estates Projects Limited	Sold out	−100%	was 0.19%
Sona BLW Precision Forgings Limited	Added	+17.9%	0.18%
Computer Age Management Services Limited	Reduced	−25.4%	0.10%
KEI Industries Limited	New	New	0.18%
Kaynes Technology India Limited	New	New	0.16%
HDFC Asset Management Company Limited	Added	+30.2%	0.15%
Tata Consumer Products Limited	Reduced	−31.1%	0.08%
Indus Towers Limited	Reduced	−91.5%	0.01%
Oracle Financial Services Software Limited	Sold out	−100%	was 0.14%
Cipla Limited	Added	+6000.0%	0.13%
Container Corporation of India Limited	Added	+152.0%	0.13%
Godfrey Phillips India Limited	Added	+7.8%	0.11%
PNB Housing Finance Limited	New	New	0.13%
KFin Technologies Limited	Sold out	−100%	was 0.13%
Bharat Electronics Limited	Sold out	−100%	was 0.13%
Max Healthcare Institute Limited	Added	+47.5%	0.11%
Hindustan Unilever Limited	Added	+35.1%	0.11%
ABB India Limited	New	New	0.11%
Hero MotoCorp Limited	Reduced	−10.3%	0.08%
Supreme Industries Limited	Added	+585.7%	0.11%
Lodha Developers Limited	New	New	0.11%
Tube Investments of India Limited	Added	+10.0%	0.08%
Aurobindo Pharma Limited	Sold out	−100%	was 0.10%
Wipro Limited	Added	+5000.0%	0.09%
Trent Limited	Added	+23.3%	0.08%
REC Limited	New	New	0.08%
Bank of Baroda	Reduced	−33.3%	0.05%
Bajaj Auto Limited	New	New	0.08%
Dabur India Limited	Sold out	−100%	was 0.08%
Bosch Limited	Added	+180.0%	0.06%
Shree Cement Limited	Sold out	−100%	was 0.06%
Solar Industries India Limited	New	New	0.04%
Tata Motors Passenger Vehicles Limited	New	New	0.03%
Bank of India	Added	+33.3%	0.02%
Ujjivan Small Finance Bank Limited	New	New	0.02%
JSW Energy Limited	New	New	0.01%
Siemens Energy India Limited	New	New	0.01%
Apollo Hospitals Enterprise Limited	Added	+100.0%	0.01%
Vishal Mega Mart Limited	Sold out	−100%	was 0.01%
Hyundai Motor India Ltd	New	New	0.00%

A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.

What WhiteOak Capital Arbitrage Fund bought and sold

WhiteOak Capital Arbitrage Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
Groww NIFTY 200 ETFETF · Groww	47.6%	130	Compare
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index FundIndex · Zerodha	47.5%	132	Compare
Zerodha Nifty LargeMidcap 250 Index FundIndex · Zerodha	47.5%	132	Compare
Mirae Asset Nifty LargeMidcap 250 Index FundIndex · Mirae Asset	47.5%	132	Compare
Edelweiss Nifty LargeMidcap 250 ETFETF · Edelweiss	47.5%	132	Compare
Edelweiss NIFTY Large Midcap 250 Index FundIndex · Edelweiss	47.4%	132	Compare
ICICI Prudential Nifty LargeMidcap 250 Index FundIndex · ICICI Prudential	47.3%	132	Compare
HDFC Nifty LargeMidcap 250 Index FundIndex · HDFC	47.2%	132	Compare

Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

WhiteOak Capital Arbitrage Fund Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 2.35%
Expense ratio (Regular): 3.13%
Category: Arbitrage
Risk: Low
Benchmark: Nifty 50 Arbitrage TRI
Launch date: 09-09-2024
Minimum investment: ₹500
Minimum additional investment: ₹500
AUM: ₹2,623.34 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 152849
ISIN (Direct): INF03VN01910
Scheme code (Regular): 152850
ISIN (Regular): INF03VN01928
NAV history: From 10-09-2024, 2.1 years

Exit load: Exit Load for units in excess of 10% of the investment,0.25% will be charged for redemption within 7 days.

Tax on WhiteOak Capital Arbitrage Fund returns

WhiteOak Capital Arbitrage Fund is taxed as an equity fund: 65% or more of it is in Indian stocks, counting its hedged positions.
Units sold within 1 year: the gain is taxed at 20%.
Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.

Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

All plans and options

Plan	Option	NAV	As on
direct	Growth	₹11.602	29-10-2026
regular	Growth	₹11.418	29-10-2026

About WhiteOak Capital Arbitrage Fund

WhiteOak Capital Arbitrage Fund is a mutual fund from WhiteOak Capital Mutual Fund. Its category is Arbitrage. It was launched on 09-09-2024. Its benchmark is Nifty 50 Arbitrage TRI. At the end of September 2026 it held 173 securities.

Fund Manager

Ramesh Mantri
Fund manager of WhiteOak Capital Arbitrage Fund, since 09-09-2024
Piyush Baranwal
Fund manager of WhiteOak Capital Arbitrage Fund, since 09-09-2024
Ashish Agrawal
Fund manager of WhiteOak Capital Arbitrage Fund, since 09-09-2024
Bhavin Patadia
Fund manager of WhiteOak Capital Arbitrage Fund, since 06-11-2024

See all funds of WhiteOak Capital Mutual Fund

AUM change

September 2026: ₹2,623.34 Cr; +16.35% from August 2026
August 2026: ₹2,254.61 Cr; +12.96% from July 2026
July 2026: ₹1,996.02 Cr; +25.07% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare WhiteOak Capital Arbitrage Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

WhiteOak Capital Arbitrage vs Invesco India ArbitrageArbitrage
WhiteOak Capital Arbitrage vs Kotak ArbitrageArbitrage
WhiteOak Capital Arbitrage vs Tata ArbitrageArbitrage
WhiteOak Capital Arbitrage vs Aditya Birla Sun Life ArbitrageArbitrage
WhiteOak Capital Arbitrage vs Edelweiss ArbitrageArbitrage
WhiteOak Capital Arbitrage vs Groww NIFTY 200 ETF47.6% overlap
WhiteOak Capital Arbitrage vs Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index47.5% overlap
WhiteOak Capital Arbitrage vs Zerodha Nifty LargeMidcap 250 Index47.5% overlap

Compare with any other fund

Frequently Asked Questions for WhiteOak Capital Arbitrage Fund

What is the current NAV of WhiteOak Capital Arbitrage Fund?

The Direct plan NAV is ₹11.602. The Regular plan NAV is ₹11.418, as on 29-10-2026.

What are the returns of WhiteOak Capital Arbitrage Fund?

The Direct plan returned +7.07% in 1 year. The Regular plan returned +6.26% in 1 year. These figures are as on 29-10-2026.

What is the expense ratio of WhiteOak Capital Arbitrage Fund?

The Direct plan charges 2.35% a year. The Regular plan charges 3.13% a year. This is the figure the fund house reported to AMFI, in force from 01-10-2026.

What is the AUM of WhiteOak Capital Arbitrage Fund?

WhiteOak Capital Arbitrage Fund managed ₹2,623.34 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of WhiteOak Capital Arbitrage Fund?

At the end of September 2026 the largest holdings were Bandhan Money Market Fund -Direct Plan-Growth (5.73%), WhiteOak Capital Liquid Fund- Direct plan-GR (5.27%), HDFCBANK (5.17%), RELIANCE (3.93%), IDEA (3.30%). The fund held 173 securities in all.

What did WhiteOak Capital Arbitrage Fund buy and sell in September 2026?

It bought 19 new stocks: REC Limited, IndusInd Bank Limited, Ather Energy Limited, Hyundai Motor India Ltd, ABB India Limited. It sold out of 12: Dabur India Limited, Vishal Mega Mart Limited, Shree Cement Limited, KFin Technologies Limited, Bharat Electronics Limited. It added shares in 74. It reduced 49.

How do I invest in WhiteOak Capital Arbitrage Fund?

Through WhiteOak Capital Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹500. You can invest once or through a monthly SIP.

Who is the fund manager of WhiteOak Capital Arbitrage Fund?

Ramesh Mantri (since 09-09-2024), Piyush Baranwal (since 09-09-2024), Ashish Agrawal (since 09-09-2024), Bhavin Patadia (since 06-11-2024).

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.

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.