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WhiteOak Capital Liquid Fund

Q: What is the NAV of WhiteOak Capital Liquid Fund?

As of 05 Oct 2026, the NAV of WhiteOak Capital Liquid Fund is ₹1,526.23 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has WhiteOak Capital Liquid Fund delivered?

WhiteOak Capital Liquid Fund has returned +6.41% over 1 year, +6.85% per year over 3 years, +6.22% per year over 5 years and +5.63% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of WhiteOak Capital Liquid Fund?

WhiteOak Capital Liquid Fund charges an expense ratio of 0.13% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of WhiteOak Capital Liquid Fund?

WhiteOak Capital Liquid Fund's largest holdings are 91 Days Tbill (MD 27/11/2026) (6.3%), Canara Bank (05/10/2026) (6.0%), Kotak Securities Limited (24/09/2026) (5.8%), HDFC Bank Limited (21/09/2026) (4.3%) and 7.44% Small Industries Dev Bank of India (04/09/2026) (3.4%). Holdings are disclosed monthly and change over time.

Q: How risky is WhiteOak Capital Liquid Fund?

WhiteOak Capital Liquid Fund is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.2% and its worst peak-to-trough fall in our sample was -0.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of WhiteOak Capital Liquid Fund?

WhiteOak Capital Liquid Fund is benchmarked against the CRISIL Liquid Debt A-I Index. Its alpha and beta on this page are measured against that index.

Q: Who manages WhiteOak Capital Liquid Fund?

WhiteOak Capital Liquid Fund is managed by Piyush Baranwal at WhiteOak Capital.

Q: How is WhiteOak Capital Liquid Fund taxed?

WhiteOak Capital Liquid Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.

WhiteOak Capital Mutual Fund · Best Liquid Mutual Funds

NAV

₹1,526.23

+0.02% 1D

as of 05 Oct 2026

This is the Direct plan of WhiteOak Capital Liquid Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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NAV history

+6.41%absolute

52-week rangePrev NAV ₹1,525.96

Latest ₹1,526.23

Low ₹1,434.25100th percentile of its 52-week rangeHigh ₹1,526.23

Scorecard

★★☆☆☆2/5 vs 36 of 43 Liquid Fund peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Liquid Fund (same plan and option). 36 of the 43 Liquid Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceBelow avg

3Y CAGR +6.85% · ranks 29 of 36 Liquid Funds

RiskHigh

Volatility 0.2% vs 0.2% category avg

CostLow

0.1% expense vs 0.1% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Low expense ratio (0.13%) vs the Liquid Fund average of 0.15%
Consistent — positive in 100% of rolling 3-year windows

Concerns

More volatile than its Liquid Fund peers (0.2% vs 0.2%)

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.13%

Category 0.15%▼0.02%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

—

Category —

Excess return per unit of total volatility (rf = 6.5%)

—

Category —

Scheme Info

Definitions

Plan

Direct · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Exit Load

—

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹500

Smallest one-time (lumpsum) investment the scheme accepts

₹500

CRISIL Liquid Debt A-I Index

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

17 Jan 2019

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

+0.47%

Absolute return over the last 3 months (not annualized)

+1.56%

Absolute return over the last 6 months (not annualized)

+3.24%

Absolute return since 1 Jan of this year (not annualized)

+4.98%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+6.41%

3-year annualized return (CAGR)

+6.85%

5-year annualized return (CAGR)

+6.22%

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+5.63%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

0.22%

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

-0.05%

Benchmark ratios

Not shown for Liquid Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Fund vs category average (Liquid Fund)

Period	Fund	Category avg.	Diff
1M abs	+0.47%	+0.45%	+0.02%
3M abs	+1.56%	+1.53%	+0.03%
6M abs	+3.24%	+3.23%	+0.01%
1Y CAGR	+6.41%	+6.40%	+0.01%
3Y CAGR	+6.85%	+6.88%	-0.03%
5Y CAGR	+6.22%	+6.33%	-0.11%

Category average across peers in Liquid Fund (up to 43 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 43 peers in Liquid Fund

1Y return

+6.41%

Beats 27.5% · rank #30

3Y return

+6.85%

Beats 20% · rank #29

5Y return

+6.22%

Beats 18.2% · rank #28

Sharpe

—

Sortino

—

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹7.06L

Absolute

+17.71%

XIRR

+6.67%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into WhiteOak Capital Liquid Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund
2026part	+4.98%
2025	+6.49%
2024	+7.36%
2023	+6.98%
2022	+4.54%
2021	+3.01%
2020	+3.69%
2019part	+6.42%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.

History points

2,173

Expense ratio

0.13%

AUM

₹602.90Cr

Portfolio turnover

302%

YTM (from holdings)

6.14%

Average maturity

55 days

Exit load

1 7 8 8 10 11 13 13 14 14 15 16 16 16 16 18 20 20 20 25 26 26 34 37 37 47 47 49 49 49 50 52 52 53 E SCHEME Description WhiteOak Capital Liquid Fund Liquid Fund An open ended liquid scheme. A relatively Low Interest Rate Risk and Moderate Credit Risk. WHIT/O/D/LIF/18/11/0001 The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and high liquid

Taxation

Taxed as debt

This is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.

Any holding period

30%

Short- and long-term alike

Your income-tax slab — no LTCG or indexation benefit

Your income-tax slab

Pick your slab to see the rate that applies to you.

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Liquid Fund

Compare all


WhiteOak Capital Liquid FundThis fund WhiteOak Capital · Direct · Growth	★★☆☆☆	+6.41%	+6.85%	+6.22%	—	0.13%	₹602.90Cr
Aditya Birla Sun Life Liquid Fund Aditya Birla Sun Life · Direct · Growth	★★★★☆	+6.57%	+7.00%	+6.45%	—	0.21%	₹60,608Cr
Edelweiss Liquid Fund Edelweiss · Direct · Growth	★★★★☆	+6.54%	+7.00%	+6.42%	—	0.10%	₹13,834Cr
Axis Liquid Fund Axis · Direct · Growth	★★★★★	+6.58%	+7.00%	+6.43%	—	0.13%	₹55,968Cr
Sundaram Liquid Fund Sundaram · Direct · Growth	★★★★★	+6.57%	+6.99%	—	—	0.14%	₹7,410Cr
Franklin India Liquid Fund - Direct Plan - Super Franklin Templeton · Direct · Institutional · Growth	★★★★★	+6.53%	+6.98%	+6.40%	—	0.14%	₹4,069Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt94.50%
Cash & Equivalents5.50%

Cash & cash-like: 16.39% — the 5.50% above plus treasury bills, certificates of deposit, commercial paper and TREPS, which the allocation files under Debt but the market counts as cash-equivalent.

which companies this fund invests in

As on 31 Aug 2026 · AMC disclosure

Canara Bank (05/10/2026)

6.02%

Kotak Securities Limited (24/09/2026)

5.83%

HDFC Bank Limited (21/09/2026)

4.29%

National Bank For Agriculture and Rural Development (10/09/2026)

3.36%

ICICI Securities Limited (15/09/2026)

3.36%

Union Bank of India (23/09/2026)

3.35%

Small Industries Dev Bank of India (28/09/2026)

3.35%

Titan Company Limited (19/10/2026)

3.34%

Union Bank of India (27/10/2026)

3.33%

Indian Bank (30/10/2026)

3.33%

Fund size over time

Quarterly average AUM · AMFI

₹602.90Cr

April - June 2026

since January - March 2026

−₹8.78Cr

est. net flow, last quarter

At or near its largest, ₹602.90Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

WhiteOak Capital Mutual Fund is run by WhiteOak Capital Asset Management, founded by Prashant Khemka, previously chief investment officer of Goldman Sachs' India equity business. The house entered mutual funds by acquiring YES Mutual Fund in 2021 and now runs a broad equity and hybrid range.

Launched

02 Jul 2018

Total AUM

₹44,845Cr+19.9% QoQ

Avg AUM · July - September 2026

Website

mf.whiteoakamc.com

Fund Managers

PBPiyush BaranwalStart date not disclosed

Role

Senior Fund Manager

Education

Bachelor of Engineering, PGDBM, clearedall 3 levels of CFA

Experience

Over 18 years' experience in Portfolio Management and trading in Fixed Income securities. WhiteOak Capital Asset Management Limited (November 01, 2021 - till date) 2. YES Asset Management (India) Limited (October 22, 2018 – October 31, 2021) 3. BOI AXA Investment Managers (July 2014 - October 19, 2018)

Funds managed (21)

All schemes Piyush Baranwal runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

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Fund managers

Piyush Baranwal

WhiteOak Capital in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Liquid funds

Liquid funds invest in very short-term debt (maturing within 91 days). They're used to park money for days or weeks — low risk and easy to redeem, but low return too.

Frequently asked questions

What is the NAV of WhiteOak Capital Liquid Fund?

As of 05 Oct 2026, the NAV of WhiteOak Capital Liquid Fund is ₹1,526.23 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has WhiteOak Capital Liquid Fund delivered?

WhiteOak Capital Liquid Fund has returned +6.41% over 1 year, +6.85% per year over 3 years, +6.22% per year over 5 years and +5.63% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of WhiteOak Capital Liquid Fund?

WhiteOak Capital Liquid Fund charges an expense ratio of 0.13% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of WhiteOak Capital Liquid Fund?

WhiteOak Capital Liquid Fund's largest holdings are 91 Days Tbill (MD 27/11/2026) (6.3%), Canara Bank (05/10/2026) (6.0%), Kotak Securities Limited (24/09/2026) (5.8%), HDFC Bank Limited (21/09/2026) (4.3%) and 7.44% Small Industries Dev Bank of India (04/09/2026) (3.4%). Holdings are disclosed monthly and change over time.

How risky is WhiteOak Capital Liquid Fund?

WhiteOak Capital Liquid Fund is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.2% and its worst peak-to-trough fall in our sample was -0.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of WhiteOak Capital Liquid Fund?

WhiteOak Capital Liquid Fund is benchmarked against the CRISIL Liquid Debt A-I Index. Its alpha and beta on this page are measured against that index.

Who manages WhiteOak Capital Liquid Fund?

WhiteOak Capital Liquid Fund is managed by Piyush Baranwal at WhiteOak Capital.

How is WhiteOak Capital Liquid Fund taxed?

WhiteOak Capital Liquid Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.