WhiteOak Capital Mid Cap Fund
Direct · GrowthAI Summary
WhiteOak Capital Mid Cap Fund has delivered a 1Y SIP XIRR of 21.31%, well ahead of the category average of 16.02%, while its 3Y XIRR of 19.8% is broadly in line with the category average of 19.85%. Against the NIFTY MIDCAP 150, the fund shows consistent outperformance across all measured periods, with a 3Y Fund CAGR of 20.03% versus the benchmark's 12.57% and positive alpha at every horizon. However, calendar year returns show significant dispersion, ranging from 43.51% in 2023 to just 0.79% in 2022.
The fund exhibits a beta of roughly 0.88-0.90 across periods, meaning it moves less than the benchmark in both directions, with downside capture of about 84-85% versus upside capture of about 92-93% — a favorable asymmetry. Maximum drawdown was a modest -0.19% with a 112-day duration and 84-day recovery, and only 3 drawdown events exceeded 10%. Calmar ratios of 1.41 (1Y) and 1.35 (3Y) indicate solid risk-adjusted returns relative to drawdown severity.
Detailed holdings and sector allocation data were not provided for this analysis, so portfolio-level concentration cannot be assessed here. Investors should review the fund's latest factsheet to verify mid-cap exposure limits, top stock weights, and sector diversification before investing. The fund's sub-1 beta suggests a portfolio that is somewhat less aggressive than the mid-cap index, but underlying composition should be confirmed directly.
The fund's 1Y XIRR of 21.31% clearly beats the category average of 16.02%, though its 3Y XIRR of 19.8% is essentially at par with the category's 19.85%. Long-term benchmark outperformance is consistent, with positive alpha across 1Y through 15Y windows, though alpha narrows over longer horizons (from 8.43% at 1Y to 1.22% at 15Y). This suggests strong recent relative performance with a durable but moderating long-term edge.
This fund suits investors with a high risk tolerance seeking mid-cap exposure, ideally with a horizon of 5-7 years or more to ride out mid-cap volatility, as evidenced by calendar year swings from 0.79% to 43.51%. SIP investors benefit from the fund's favorable downside capture profile, which cushions market declines. It should be treated as a satellite allocation within a diversified equity portfolio rather than a core holding.
- Consistent benchmark outperformance with positive alpha across all periods from 1Y to 15Y
- Favorable capture asymmetry: downside capture of ~84-85% versus upside capture of ~92-93%, cushioning losses in weak markets
- 1Y SIP XIRR of 21.31% significantly exceeds the category average of 16.02%, with a low expense ratio of 0.64%
- High calendar year return volatility, with returns ranging from 0.79% in 2022 to 43.51% in 2023, reflecting inherent mid-cap risk
- 3Y XIRR of 19.8% is only marginally at par with the category average of 19.85%, and long-term alpha narrows considerably over 10-15 year windows
Generated on 14-10-2026, 4:08 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹13.30 L | 28.2% | -19.3% | 69.1% |
| 3 Years | ₹36.00 L | ₹46.93 L | 20.1% | 9.2% | 27.4% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY MIDCAP 150 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 28.2% | 21.9% | 16.0% | +6.3% |
| 3 Years | 20.1% | 17.2% | 19.8% | +2.9% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 27.1% | 19.0% | 1.3% | 61.9% | 1.13 | 36.30 | 100% | — | — |
| 3 Years | 25.9% | 26.5% | 19.7% | 29.6% | 8.82 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY MIDCAP 150
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +6.82 | 0.89 | 93.3% | 85.3% | 5.8% | -1.9% |
| 3 Years | +7.80 | 0.90 | 92.8% | 85.1% | 19.7% | 12.5% |
| 5 Years | +5.56 | 0.89 | 91.8% | 84.1% | 17.1% | 12.1% |
| 7 Years | +3.61 | 0.89 | 91.8% | 84.1% | 11.9% | 8.5% |
| 10 Years | +2.23 | 0.89 | 91.8% | 84.1% | 8.2% | 5.9% |
| 12 Years | +1.71 | 0.89 | 91.8% | 84.1% | 6.8% | 4.9% |
| 15 Years | +1.20 | 0.89 | 91.8% | 84.1% | 5.4% | 3.9% |