WhiteOak Capital Multi Cap Fund
Direct · GrowthAI Summary
WhiteOak Capital Multi Cap Fund has delivered strong alpha versus the NIFTY 50 across all measured periods, with a 3Y Fund CAGR of 17.66% against the benchmark's 4.9%, generating alpha of 12.69% over 3Y. On the SIP side, its 1Y XIRR of 11.64% slightly beats the category average of 11.47%, though the 3Y XIRR of 12.25% trails the category average of 15.0%. Calendar year returns show meaningful dispersion, from 30.59% in 2024 to 6.29% in 2025.
The fund exhibits a beta of roughly 0.93-0.95 versus the NIFTY 50, indicating slightly lower market sensitivity, and its downside capture of 82.96% (3Y) versus upside capture of 98.94% shows a favorable asymmetry that supports risk-adjusted returns. The Calmar Ratio improved from 0.88 (1Y) to 1.04 (3Y), reflecting better return per unit of drawdown over longer windows. Only 2 drawdown events exceeding 10% were recorded, with the maximum drawdown recovering in 119 days.
Detailed holdings and sector allocation data were not provided for this fund, so concentration and diversification cannot be assessed from the available information. As a multi cap fund, it is mandated by SEBI to hold at least 25% each in large, mid, and small cap stocks, which structurally enforces diversification across market capitalizations. Investors should review the latest factsheet for specific top holdings and sector weights before investing.
The fund's 1Y SIP XIRR of 11.64% marginally outperforms the category average of 11.47%, but its 3Y XIRR of 12.25% lags the category average of 15.0% by about 2.75 percentage points. Its consistent alpha over the NIFTY 50 across 1Y through 15Y windows demonstrates durable benchmark-relative performance. However, benchmark outperformance has not yet translated into category leadership on SIP returns over the 3Y horizon.
This fund suits investors seeking diversified multi cap exposure with a benchmark-beating track record and moderate downside capture, and who can tolerate interim drawdowns of over 10%. A minimum investment horizon of 5-7 years is appropriate to allow the multi cap strategy and small/mid cap allocations to play out. It is best positioned as a core equity holding for investors with moderate-to-high risk tolerance rather than for short-term goals.
- Consistent alpha versus NIFTY 50 across all periods from 1Y to 15Y, including 12.69% alpha over 3Y
- Favorable capture asymmetry with downside capture of 82.96% versus upside capture of 98.94% over 3Y
- Low expense ratio of 0.74% for an actively managed multi cap fund in the Direct plan
- 3Y SIP XIRR of 12.25% trails the category average of 15.0% by a notable margin
- Calendar year returns show high dispersion, from 30.59% in 2024 down to 1.42% in 2026 year-to-date, indicating uneven recent performance
Generated on 13-10-2026, 3:10 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 | ₹12.75 L | 14.8% | -19.4% | 55.8% |
| 3 Years | ₹36.00 L | ₹43.74 L | 13.0% | 8.7% | 15.6% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 14.8% | 14.3% | 11.4% | +0.5% |
| 3 Years | 13.0% | 11.0% | 14.9% | +1.9% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 14.8% | 11.2% | 1.4% | 50.8% | 0.71 | 8.17 | 100% | — | — |
| 3 Years | 17.4% | 17.4% | 16.8% | 18.3% | 27.82 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +10.75 | 0.90 | 92.4% | 77.9% | 1.1% | -11.4% |
| 3 Years | +11.45 | 0.94 | 97.5% | 82.7% | 16.8% | 5.3% |
| 5 Years | +6.85 | 0.94 | 97.7% | 82.4% | 10.1% | 3.1% |
| 7 Years | +4.70 | 0.94 | 97.7% | 82.4% | 7.1% | 2.2% |
| 10 Years | +3.13 | 0.94 | 97.7% | 82.4% | 4.9% | 1.5% |
| 12 Years | +2.54 | 0.94 | 97.7% | 82.4% | 4.1% | 1.3% |
| 15 Years | +1.93 | 0.94 | 97.7% | 82.4% | 3.3% | 1.0% |