WhiteOak Capital Digital Bharat Fund

The WhiteOak Capital Digital Bharat Fund has delivered a 1-year SIP XIRR of 6.62%, which is significantly below the category average of 14.1% for the same period. Over the same horizon, the fund's lump-sum CAGR of 1.8% outperformed the NIFTY 50's -2.9%, indicating relative resilience in a declining market. However, the fund's absolute returns remain modest, and its 1-year rolling return mean of 3.84% suggests limited momentum.

The fund exhibits a maximum drawdown of -0.25544% with a recovery period that has not yet occurred, indicating prolonged underwater periods. It has experienced 2 drawdown events exceeding 10%, and the average drawdown is -0.091872%, reflecting moderate downside risk. The Calmar ratio of 0.0458 for 1 year is low, implying that returns are not sufficiently compensating for the drawdown risk taken.

The fund is a sectoral/thematic fund focused on the digital Bharat theme, which inherently leads to high sector concentration in technology and digital-related stocks. While specific top holdings are not provided, thematic funds typically hold a limited number of stocks, increasing concentration risk. The expense ratio of 0.64% is competitive, but the narrow focus limits diversification across sectors.

The fund's 1-year XIRR of 6.62% is less than half the category average of 14.1%, placing it in the lower quartile of its peer group. Calendar year returns show volatility, with a negative return of -2.93% in 2026 and modest gains in 2025 and 2024, indicating inconsistent performance. The fund has underperformed the category across all available time horizons, suggesting a lack of consistency relative to peers.

This fund is suitable for investors with a high risk tolerance and a long-term investment horizon of at least 5-7 years, given the thematic nature and potential for volatility. It is not appropriate for conservative investors or those seeking stable short-term returns, as the fund has shown significant drawdowns and underperformance. Investors should be prepared for periods of negative returns and should consider this as a satellite allocation within a diversified portfolio.

• Outperformed the NIFTY 50 benchmark over 1-year with a positive alpha of 4.18% and a higher CAGR (1.8% vs -2.9%).
• Lower downside capture (89.91%) compared to upside capture (96.3%) over 1 year, indicating some downside protection in falling markets.
• Competitive expense ratio of 0.64% for a direct growth option, which is lower than many peers.

• Significant underperformance versus the category average SIP XIRR (6.62% vs 14.1% for 1 year), indicating poor relative returns.
• Maximum drawdown of -0.25544% with no recovery yet, and 2 drawdown events exceeding 10%, highlighting elevated risk and potential for prolonged losses.