WhiteOak Capital Banking & Financial Services Fund

SectoralDirect and Regular plans, Growth option

Data as on 30-10-2026

WhiteOak Capital Banking & Financial Services Fund is a Sectoral fund run by WhiteOak Capital Mutual Fund. On 30-09-2026, it managed ₹626 Cr of investors' money. In the year to 30-10-2026, its Direct plan returned −6.0% and its Regular plan returned −7.6%. Its benchmark, Nifty Financial Services TRI, returned −8.9% over the same year.

NAV (Direct plan): ₹12.53; ▼ 0.80%30-10-2026
NAV (Regular plan): ₹11.96; ▼ 0.80%30-10-2026
Expense ratio: 1.06%Direct2.73%Regular; 1.06%; A year
Riskometer: Very High; Set by the fund house
1 year return: −6.0%Direct−7.6%Regular; −6.0%; Total

WhiteOak Capital Banking & Financial Services Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹12.53 (down 0.80% that day); Regular Plan Growth ₹11.96 (down 0.80% that day).

This fund (Direct plan)

₹12.527

WhiteOak Capital Banking & Financial Services Fund Returns vs Nifty Financial Services TRI

Returns as on 30-10-2026. 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)	−2.85%	−7.58%	−2.53%	−6.00%	--	--	--
This fund (Regular)	−2.98%	−7.97%	−3.35%	−7.57%	--	--	--
Nifty Financial Services TRI	+0.30%	−5.63%	−2.88%	−8.88%	+9.77%	+6.64%	+12.73%
Sectoral average	−1.70%	−4.49%	+2.30%	−0.58%	--	--	--
Best in Sectoral	+7.03%	+2.10%	+17.99%	+19.53%	--	--	--
Worst in Sectoral	−7.36%	−8.92%	−7.57%	−9.47%	--	--	--
Rank in Sectoral	12/20	18/19	13/19	13/17	--	--	--

Category rows compare the Direct plans of 20 Sectoral funds. Rank 1 is the highest return.

WhiteOak Capital Banking & Financial Services Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular	Nifty Financial Services TRI
2026to date	−6.90%	−8.19%	−9.69%
2025	+16.05%	+14.08%	+18.60%

WhiteOak Capital Banking & Financial Services 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 424 periods, one for each trading day from 07-02-2025 to 30-10-2026.

−10%0%10%20%30%

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

WhiteOak Capital Banking & Financial Services Fund (Direct)Nifty Financial Services TRI

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	424	12.6%	−6.6%	28.4%	4%	13.6%	66%
2 years	178	11.4%	3.5%	19.1%	0%	8.1%	90%

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	21	11.2%	−14.0%	25.9%	19%	10.2%	71%

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 benchmark" counts the periods in which the fund did better than Nifty Financial Services TRI over the same days. Past returns do not promise future returns.

WhiteOak Capital Banking & Financial Services Fund Risk

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

Risk and return

Measure	WhiteOak Capital Banking & Financial Services Fund (Direct)This fund	Nifty Financial Services TRI
Return (CAGR)	−6.00%	−8.88%
Standard deviation	17.36%	17.58%
Sharpe ratio	-0.65	-0.80
Sortino ratio	-0.89	-1.11
Maximum drawdown	−16.2% (30-03-2026)	−17.3% (30-03-2026)
Beta	0.96	1.00
Alpha	+2.31%	0.00%

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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	WhiteOak Capital Banking & Financial Services Fund (Direct)This fund	Nifty Financial Services TRI
Return (CAGR)	+8.54%	+8.34%
Standard deviation	16.05%	16.40%
Sharpe ratio	0.16	0.15
Sortino ratio	0.22	0.21
Maximum drawdown	−16.2% (30-03-2026)	−17.3% (30-03-2026)
Beta	0.94	1.00
Alpha	+0.35%	0.00%

From daily NAVs, 07-02-2024 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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

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%

20252026

WhiteOak Capital Banking & Financial Services Fund (Direct)Nifty Financial Services TRI

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
WhiteOak Capital Banking & Financial Services Fund (Direct)	−16.2%	18-02-2026	30-03-2026	06-07-2026	3 months	−9.8%
Nifty Financial Services TRI	−17.3%	18-02-2026	30-03-2026	Not yet	--	−12.4%

From the Direct plan's daily NAV since 07-02-2024, adjusted for unit splits, and Nifty Financial Services TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

WhiteOak Capital Banking & Financial Services Fund vs Other Sectoral Funds

The five Sectoral 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
DSP Healthcare Fund	1/9	3,750	0.76%	+15.40%	+21.77%	+2.89%	0.77	1.25	1.77	Compare
Nippon India Pharma Fund	2/9	9,166	0.99%	+9.05%	+18.56%	−2.50%	0.88	0.97	1.39	Compare
Bandhan Transportation and Logistics Fund	3/9	771	1.07%	−1.82%	+17.11%	+1.71%	0.84	0.69	0.97	Compare
Nippon India Power & Infra Fund	4/9	7,867	1.11%	−2.17%	+16.41%	+2.80%	0.97	0.59	0.78	Compare
Invesco India Financial Services Fund	5/9	1,789	0.96%	−2.22%	+15.03%	+5.53%	0.93	0.55	0.77	Compare
WhiteOak Capital Banking & Financial Services Fund	13/17	626	1.06%	−6.00%	--	--	--	--	--

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 Banking & Financial Services Fund Expense Ratio and Costs

What each plan charges a year, in force from 23-10-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Sectoral median	Cost rank (1 = cheapest)
Direct	0.65%	0.07%	0.01%	0.33%	1.06%	1.07%	8/20
Regular	2.06%	0.07%	0.01%	0.59%	2.73%	2.51%	14/20

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 Sectoral 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	−7.57%	−6.00%	1.57%	₹92,430	₹94,000

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 Banking & Financial Services 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 07-02-2024 to 30-10-2026: 33 instalments, ₹3,30,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planWhiteOak Capital Banking & Financial Services Fund (Direct)	₹3,30,000	₹3,46,236	₹16,236	3.4%
Regular planWhiteOak Capital Banking & Financial Services Fund (Regular)	₹3,30,000	₹3,37,669	₹7,669	1.6%
Nifty Financial Services TRI	₹3,30,000	₹3,35,976	₹5,976	1.3%
Category averageCategory average, 20 Sectoral funds	₹3,30,000	₹3,57,680	₹27,680	5.8%

₹0₹1.0 L₹2.0 L₹3.0 L₹4.0 L

20252026

Direct planWhiteOak Capital Banking & Financial Services Fund (Direct)Regular planWhiteOak Capital Banking & Financial Services Fund (Regular)Nifty Financial Services TRICategory averageCategory average, 20 Sectoral fundsAmount invested

From each plan's published NAV (Growth option), the benchmark's TRI 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 Banking & Financial Services Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

92.4%Equity

Asset	Fund	Category
Equity	92.4%	95.6%
Cash and others	4.1%	3.7%
Debt	3.5%	0.7%

Market cap of stocks

Market cap	Fund	Category
Large Cap	51.7%	44.1%
Mid Cap	12.1%	21.8%
Small Cap	25.0%	26.9%
Not on AMFI's list	3.6%	2.3%

Share of the whole fund. Category: the average of the Sectoral 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.

WhiteOak Capital Banking & Financial Services Fund Sector Allocation

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

Largest sectors

Banks43.6%
Finance33.0%
Capital Markets9.4%
Insurance6.0%
Financial Technology (Fintech)0.3%

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Banks	43.5%	44.0%	43.6%	+0.1%
Finance	35.2%	32.5%	33.0%	−2.2%
Capital Markets	5.5%	8.6%	9.4%	+3.9%
Insurance	6.0%	6.3%	6.0%	0.0%
Financial Technology (Fintech)	0.8%	1.0%	0.3%	−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 Banking & Financial Services Fund Portfolio Holdings

As on 30-09-2026 · 57 holdings · from the fund house's monthly portfolio

Holdings	Sector / Rating	Weight%	1M change
ICICI Bank Limited	Banks	12.51%	0.0%
HDFC Bank Limited	Banks	8.47%	0.0%
Kotak Mahindra Bank Limited	Banks	6.84%	0.0%
Axis Bank Limited	Banks	5.07%	0.0%
State Bank of India	Banks	3.68%	0.0%
Bajaj Finance Limited	Finance	3.16%	0.0%
Bajaj Finserv Limited	Finance	2.89%	0.0%
Five Star Business Finance Limited	Finance	2.77%	0.0%
PNB Housing Finance Limited	Finance	2.69%	0.0%
IIFL Finance Limited	Finance	2.55%	0.0%
Multi Commodity Exchange of India Limited	Capital Markets	2.46%	0.0%
Ujjivan Small Finance Bank Limited	Banks	2.18%	0.0%
Shriram Finance Limited	Finance	1.98%	+14.3%
Cholamandalam Investment and Finance Company Ltd	Finance	1.88%	+8.6%
Max Financial Services Limited	Insurance	1.67%	−12.5%
Canara HSBC Life Insurance company Ltd	Insurance	1.61%	0.0%
National Stock Exchange Of India Ltd	Capital Markets	1.58%	New
Cholamandalam Financial Holdings Limited	Finance	1.53%	+19.1%
Aditya Birla Capital Limited	Finance	1.48%	−14.4%
Aye Finance Limited	Finance	1.40%	0.0%
Mahindra & Mahindra Financial Services Limited	Finance	1.40%	+21.1%
City Union Bank Limited	Banks	1.38%	−26.6%
Onemi Technology Solutions Limited	Finance	1.33%	−30.8%
SBI Life Insurance Company Limited	Insurance	1.25%	0.0%
Repco Home Finance Limited	Finance	1.22%	0.0%
Asset Reconstruction Company India Limited	Finance	1.08%	New
Motilal Oswal Financial Services Limited	Capital Markets	0.98%	0.0%
Bajaj Holdings & Investment Limited	Finance	0.97%	−20.5%
IndusInd Bank Limited	Banks	0.97%	0.0%
91 Days Tbill (MD 29/10/2026) · Treasury bill	Sovereign	0.97%
91 Days Tbill (MD 08/10/2026) · Treasury bill	Sovereign	0.96%
The South Indian Bank Limited	Banks	0.94%	+34.7%
SBI Funds Management Limited	Capital Markets	0.93%	0.0%
Aavas Financiers Limited	Finance	0.91%	0.0%
Fusion Finance Limited	Finance	0.91%	0.0%
Billionbrains Garage Ventures Ltd	Capital Markets	0.90%	0.0%
CARE Ratings Limited	Capital Markets	0.89%	0.0%
National Securities Depository Limited	Capital Markets	0.87%	0.0%
The Federal Bank Limited	Banks	0.83%	−22.4%
Manappuram Finance Limited	Finance	0.81%	0.0%
ICICI Lombard General Insurance Company Limited	Insurance	0.77%	0.0%
HDFC Life Insurance Company Limited	Insurance	0.74%	0.0%
Aadhar Housing Finance Limited	Finance	0.73%	0.0%
Bank of India	Banks	0.72%	0.0%
Power Finance Corporation Limited	Finance	0.68%	0.0%
Tata Capital Limited	Finance	0.66%	0.0%
182 Days Tbill (MD 12/11/2026) · Treasury bill	Sovereign	0.60%
360 One WAM Limited	Capital Markets	0.47%	0.0%
91 Days Tbill (MD 22/10/2026) · Treasury bill	Sovereign	0.46%
PB Fintech Limited	Financial Technology (Fintech)	0.33%	+73.1%
Computer Age Management Services Limited	Capital Markets	0.25%	0.0%
91 Days Tbill (MD 05/11/2026) · Treasury bill	Sovereign	0.17%
364 Days Tbill (MD 12/11/2026) · Treasury bill	Sovereign	0.15%
182 Days Tbill (MD 05/11/2026) · Treasury bill	Sovereign	0.14%
91 Days Tbill (MD 03/12/2026) · Treasury bill	Sovereign	0.10%
BSE Limited	Capital Markets	0.06%	−77.4%
Edelweiss Financial Services Limited	Finance	0.00%	0.0%

WhiteOak Capital Banking & Financial Services Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

Max Financial Services Limited	Reduced	−12.5%	1.67%
Shriram Finance Limited	Added	+14.3%	1.98%
Cholamandalam Investment and Finance Company Ltd	Added	+8.6%	1.88%
City Union Bank Limited	Reduced	−26.6%	1.38%
Aditya Birla Capital Limited	Reduced	−14.4%	1.48%
National Stock Exchange Of India Ltd	New	New	1.58%
Cholamandalam Financial Holdings Limited	Added	+19.1%	1.53%
Onemi Technology Solutions Limited	Reduced	−30.8%	1.33%
Mahindra & Mahindra Financial Services Limited	Added	+21.1%	1.40%
Bajaj Holdings & Investment Limited	Reduced	−20.5%	0.97%
The Federal Bank Limited	Reduced	−22.4%	0.83%
Asset Reconstruction Company India Limited	New	New	1.08%
The South Indian Bank Limited	Added	+34.7%	0.94%
One 97 Communications Limited	Sold out	−100%	was 0.66%
Prudent Corporate Advisory Services Limited	Sold out	−100%	was 0.62%
CSB Bank Limited	Sold out	−100%	was 0.34%
PB Fintech Limited	Added	+73.1%	0.33%
BSE Limited	Reduced	−77.4%	0.06%

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 Banking & Financial Services Fund bought and sold

WhiteOak Capital Banking & Financial Services Fund Portfolio Overlap

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

Fund	Overlap	Holdings in common
Bandhan Financial Services FundSectoral · Bandhan	59.5%	29	Compare
Tata Banking & Financial Services FundThematic · Tata	59.5%	24	Compare
HDFC Banking & Financial Services FundThematic · HDFC	59.0%	25	Compare
ITI Banking and Financial Services FundThematic · ITI	56.0%	22	Compare
Baroda BNP Paribas Banking and Financial Services FundThematic · Baroda BNP Paribas	55.4%	24	Compare
MahindraManulife Banking & Financial Services FundSectoral · Mahindra Manulife	54.3%	20	Compare
UTI - Banking and Financial Services FundThematic · UTI	54.1%	23	Compare
DSP Banking & Financial Services FundSectoral · DSP	53.9%	25	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 Banking & Financial Services Fund Overview

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

Expense ratio (Direct): 1.06%
Expense ratio (Regular): 2.73%
Category: Sectoral
Risk: Very High
Benchmark: Nifty Financial Services TRI
Launch date: 06-02-2024
Minimum investment: ₹500
Minimum additional investment: ₹500
AUM: ₹625.60 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 152321
ISIN (Direct): INF03VN01860
Scheme code (Regular): 152322
ISIN (Regular): INF03VN01852
NAV history: From 07-02-2024, 2.7 years

Exit load: Nil

Tax on WhiteOak Capital Banking & Financial Services Fund returns

WhiteOak Capital Banking & Financial Services Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
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	₹12.527	30-10-2026
regular	Growth	₹11.955	30-10-2026

About WhiteOak Capital Banking & Financial Services Fund

WhiteOak Capital Banking & Financial Services Fund is a mutual fund from WhiteOak Capital Mutual Fund. Its category is Sectoral. It was launched on 06-02-2024. Its benchmark is Nifty Financial Services TRI. At the end of September 2026 it held 57 securities.

Fund Manager

Ramesh Mantri
Fund manager of WhiteOak Capital Banking & Financial Services Fund, since 06-02-2024
Piyush Baranwal
Fund manager of WhiteOak Capital Banking & Financial Services Fund, since 06-02-2024
Trupti Agrawal
Fund manager of WhiteOak Capital Banking & Financial Services Fund, since 06-02-2024
Dheeresh Pathak
Fund manager of WhiteOak Capital Banking & Financial Services Fund, since 01-04-2024
Ashish Agrawal
Fund manager of WhiteOak Capital Banking & Financial Services Fund, since 06-01-2025

See all funds of WhiteOak Capital Mutual Fund

AUM change

September 2026: ₹625.60 Cr; −5.99% from August 2026
August 2026: ₹665.45 Cr; +1.97% from July 2026
July 2026: ₹652.60 Cr; +3.03% from June 2026

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

Compare WhiteOak Capital Banking & Financial Services Fund with Other Funds

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

Compare with any other fund

Frequently Asked Questions for WhiteOak Capital Banking & Financial Services Fund

What is the current NAV of WhiteOak Capital Banking & Financial Services Fund?

The Direct plan NAV is ₹12.527. The Regular plan NAV is ₹11.955, as on 30-10-2026.

What are the returns of WhiteOak Capital Banking & Financial Services Fund?

The Direct plan returned −6.00% in 1 year. The Regular plan returned −7.57% in 1 year. These figures are as on 30-10-2026.

What is the expense ratio of WhiteOak Capital Banking & Financial Services Fund?

The Direct plan charges 1.06% a year. The Regular plan charges 2.73% a year. This is the figure the fund house reported to AMFI, in force from 23-10-2026.

What is the AUM of WhiteOak Capital Banking & Financial Services Fund?

WhiteOak Capital Banking & Financial Services Fund managed ₹625.60 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of WhiteOak Capital Banking & Financial Services Fund?

At the end of September 2026 the largest holdings were ICICIBANK (12.51%), HDFCBANK (8.47%), KOTAKBANK (6.84%), AXISBANK (5.07%), SBIN (3.68%). The fund held 57 securities in all.

What did WhiteOak Capital Banking & Financial Services Fund buy and sell in September 2026?

It bought 2 new stocks: Asset Reconstruction Company India Limited, National Stock Exchange Of India Ltd. It sold out of 3: Prudent Corporate Advisory Services Limited, CSB Bank Limited, One 97 Communications Limited. It added shares in 6. It reduced 7.

How do I invest in WhiteOak Capital Banking & Financial Services 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 Banking & Financial Services Fund?

Ramesh Mantri (since 06-02-2024), Piyush Baranwal (since 06-02-2024), Trupti Agrawal (since 06-02-2024), Dheeresh Pathak (since 01-04-2024), Ashish Agrawal (since 06-01-2025).

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.