HybridDynamic Asset Allocation or Balanced AdvantageDirectGrowthHigh

WhiteOak Capital Balanced Advantage Fund

Q: What is the NAV of WhiteOak Capital Balanced Advantage Fund?

As of 05 Oct 2026, the NAV of WhiteOak Capital Balanced Advantage Fund is ₹15.25 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has WhiteOak Capital Balanced Advantage Fund delivered?

WhiteOak Capital Balanced Advantage Fund has returned +1.95% over 1 year, +11.19% per year over 3 years and +12.43% 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 Balanced Advantage Fund?

WhiteOak Capital Balanced Advantage Fund charges an expense ratio of 0.83% 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 Balanced Advantage Fund?

WhiteOak Capital Balanced Advantage Fund's largest holdings are ICICI Bank Limited (7.1%), HDFC Bank Limited (3.3%), Bharti Airtel Limited (2.9%), Embassy Office Parks REIT (2.8%) and Coforge Limited (2.8%). Holdings are disclosed monthly and change over time.

Q: How risky is WhiteOak Capital Balanced Advantage Fund?

WhiteOak Capital Balanced Advantage Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 8.4% and its worst peak-to-trough fall in our sample was -9.6%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.56 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. WhiteOak Capital Balanced Advantage Fund's 0.56 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of WhiteOak Capital Balanced Advantage Fund?

WhiteOak Capital Balanced Advantage Fund is benchmarked against the CRISIL Hybrid 50+50 - Moderate Index. Its alpha and beta on this page are measured against that index.

Q: Who manages WhiteOak Capital Balanced Advantage Fund?

WhiteOak Capital Balanced Advantage Fund is managed by Piyush Baranwal, Ashish Agrawal, Ramesh Mantri, Dheeresh Pathak and Trupti Agarwal at WhiteOak Capital.

Q: How is WhiteOak Capital Balanced Advantage Fund taxed?

WhiteOak Capital Balanced Advantage Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

WhiteOak Capital Mutual Fund · Best Balanced Advantage Mutual Funds

NAV

₹15.25

+0.35% 1D

as of 05 Oct 2026

This is the Direct plan of WhiteOak Capital Balanced Advantage 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.

Compare SIP calculator

Performance

+1.52%absolute

52-week rangePrev NAV ₹15.20

Latest ₹15.25

Low ₹13.9867th percentile of its 52-week rangeHigh ₹15.87

Scorecard

★★★★☆4/5 vs 30 of 36 Dynamic Asset Allocation or Balanced Advantage 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 Dynamic Asset Allocation or Balanced Advantage (same plan and option). 30 of the 36 Dynamic Asset Allocation or Balanced Advantage funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceStrong

3Y CAGR +11.19% · ranks 2 of 30 Dynamic Asset Allocation or Balanced Advantage funds

RiskModerate

Volatility 8.4% vs 8.5% category avg

CostLow

0.8% expense vs 1.1% 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

Ahead of the Dynamic Asset Allocation or Balanced Advantage average on 3M/6M/1Y — 1Y by 1.54pp
3-year return (+11.19%) beats the Dynamic Asset Allocation or Balanced Advantage average (+8.86%)
Stronger risk-adjusted returns — Sharpe 0.56 vs 0.29 Dynamic Asset Allocation or Balanced Advantage average
Low expense ratio (0.83%) vs the Dynamic Asset Allocation or Balanced Advantage average of 1.09%
Consistent — positive in 100% of rolling 3-year windows

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.83%

Category 1.09%▼0.26%

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

22.76

Category 22.78▼0.02

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

0.56

Category 0.29▲0.27

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

None

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

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹500

CRISIL Hybrid 50+50 - Moderate 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.

13 Feb 2023

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

Definitions

Absolute return over the last 1 month (not annualized)

-3.33%

Absolute return over the last 3 months (not annualized)

-0.93%

Absolute return over the last 6 months (not annualized)

+7.63%

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

-0.72%

Annualized returns (≥1Y — CAGR)

Definitions

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

+1.95%

3-year annualized return (CAGR)

+11.19%

5-year annualized return (CAGR)

—

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.

+12.43%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

8.40%

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

0.56

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

0.77

Largest peak-to-trough decline over full history

-9.58%

Benchmark ratios (vs Nifty 50 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 50 TRI

4.37%

Sensitivity to Nifty 50 TRI moves; 1 = moves with the index

0.63

How much of the fund's movement Nifty 50 TRI explains

90.7%

Excess return per unit of beta (market risk)

7.52

Active return over the benchmark per unit of tracking error

0.84

Annualized std dev of fund-minus-benchmark returns

5.99%

Fund's share of benchmark gains in up months (100 = matches index)

81.5%

Fund's share of benchmark losses in down months (lower is better)

45.1%

Computed vs the Nifty 50 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Dynamic Asset Allocation or Balanced Advantage)

Period	Fund	Category avg.	Diff
1M abs	-3.33%	-2.96%	-0.37%
3M abs	-0.93%	-2.19%	+1.26%
6M abs	+7.63%	+4.95%	+2.68%
1Y CAGR	+1.95%	+0.41%	+1.54%
3Y CAGR	+11.19%	+8.86%	+2.33%
5Y CAGR	—	+8.39%	—

Category average across peers in Dynamic Asset Allocation or Balanced Advantage (up to 36 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 36 peers in Dynamic Asset Allocation or Balanced Advantage

1Y return

+1.95%

Beats 71.4% · rank #11

3Y return

+11.19%

Beats 96.6% · rank #2

5Y return

—

Sharpe

0.56

Beats 96.6% · rank #2

Sortino

0.77

Beats 93.1% · rank #3

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

₹3.60L

Current value

₹3.93L

Absolute

+9.24%

XIRR

+6.14%

Value vs. invested

ValueInvested

36 monthly installments of ₹10,000 into WhiteOak Capital Balanced Advantage 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	Nifty 50 TRI	Diff
2026part	-0.72%	-12.85%	+12.13%
2025	+8.62%	+11.97%	-3.35%
2024	+18.70%	+10.16%	+8.54%
2023part	+19.69%	—	—

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; those years show no benchmark comparison.

History points

894

Expense ratio

0.83%

AUM

₹2,152Cr

Portfolio turnover

258%

Exit load

Nil

P/E ratio

22.8

P/B ratio

4.9

Avg market cap

₹4,19,657Cr

P/E & P/B are portfolio-weighted harmonic means across 92 of 113 equity holdings (62% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

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 · Dynamic Asset Allocation or Balanced Advantage

Compare all


WhiteOak Capital Balanced Advantage FundThis fund WhiteOak Capital · Direct · Growth	★★★★☆	+1.95%	+11.19%	—	22.76	0.83%	₹2,152Cr
quant Dynamic Asset Allocation Fund quant · Direct · Growth	★★★☆☆	-1.95%	+13.04%	—	29.50	1.54%	₹902.64Cr
Aditya Birla Sun Life Balanced Advantage Fund Aditya Birla Sun Life · Direct · Growth	★★★★☆	+4.49%	+11.09%	+9.58%	22.83	0.89%	₹9,211Cr
Baroda BNP Paribas Balanced Advantage Fund Baroda BNP Paribas · Direct · Growth	★★★☆☆	+2.93%	+11.07%	+10.14%	24.79	0.92%	₹4,798Cr
Axis Balanced Advantage Fund Axis · Direct · Growth	★★★★☆	+0.55%	+10.83%	+9.02%	21.11	1.07%	₹3,759Cr
Mahindra Manulife Balanced Advantage Fund Mahindra Manulife · Direct · Growth	★★★★☆	+1.68%	+10.49%	—	24.15	0.83%	₹886.08Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap69.5%
Mid cap13.0%
Small cap17.5%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity66.62%
Debt17.75%
Cash & Equivalents9.15%
Real Estate / REITs6.48%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
WhiteOak Capital Balanced Hybrid Fund WhiteOak Capital · Balanced Hybrid Fund	86.5% of 52% equity	★★★☆☆	0.71%	—
WhiteOak Capital Multi Asset Allocation Fund WhiteOak Capital · Multi Asset Allocation	86.2% of 29% equity	★★★★☆	0.65%	+16.52%
WhiteOak Capital Aggressive Hybrid Fund WhiteOak Capital · Aggressive Hybrid Fund	79.1% of 69% equity	—	1.20%	—
WhiteOak Capital Flexi Cap Fund WhiteOak Capital · Flexi Cap Fund	75.8%	★★★★★	0.82%	+13.66%
WhiteOak Capital ELSS Tax Saver Fund WhiteOak Capital · ELSS	74.0%	★★★★★	0.86%	+15.17%
WhiteOak Capital Large Cap Fund WhiteOak Capital · Large Cap Fund	69.2%	★★★★★	0.92%	+12.19%
WhiteOak Capital ESG Best-In-Class Strategy Fund WhiteOak Capital · Sectoral/ Thematic	58.1%	★★☆☆☆	0.98%	—
WhiteOak Capital Large & Mid Cap Fund WhiteOak Capital · Large & Mid Cap Fund	56.5%	★★★★☆	0.89%	—

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

3 holdings — 0.67% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

PB Fintech LimitedShort-term · Stage I0.39%
Shilpa Medicare LimitedLong-term · Stage I0.25%
Milky Mist Dairy Food LimitedLong-term · Stage IV0.03%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-9.6%20 Nov 2025 → 30 Mar 2026
Fell over 4 months, back to the old high on 06 Jul 2026 — 3 months under water after the low.
-7.8%16 Dec 2024 → 28 Feb 2025
Fell over 2 months, back to the old high on 23 Apr 2025 — 2 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹2,152Cr

April - June 2026

+1%

since January - March 2026

+₹73.16Cr

est. net flow, last quarter

At or near its largest, ₹2,152Cr 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 →

AAAshish AgrawalManaging since 06 Jan 2025

Education

PGDM (Finance)

Experience

Over 18 years’ of experience in Financial market: 1. WhiteOak Capital Asset Management Limited (August 2022 - till date) 2. Motilal Oswal Asset Management Company Limited (September 2016 – July 2022) 3. Citi Group Global Markets India Pvt Ltd (October 2010 - September 2016) in the last

Funds managed (19)

All schemes Ashish Agrawal runs →

RMRamesh MantriStart date not disclosed

Role

CIO - Equities

Education

MBA, CFA

Experience

Over 20 years' experience in Financial market: 1. WhiteOak Capital Asset Management Limited (December 21, 2021 - till date) 2. White Oak Capital Management (June 2017 – December 20, 2021) 3. Ashoka Capital Advisers (February 2013 - May 2017)

Funds managed (19)

All schemes Ramesh Mantri runs →

DPDheeresh PathakManaging since 01 Apr 2024

Education

PGDBM, BE Fund (Electronics & Communication Engineering)

Experience

Over 16 years’ of experience in Financial Market: 1. WhiteOak Capital Asset Management Limited (June, 2022 - till date) 2. Goldman Sachs (April 2007 - June 2021)

Funds managed (18)

All schemes Dheeresh Pathak runs →

TATrupti AgarwalStart date not disclosed

Role

Fund Manager for Overseas Investments

Education

B.Com, CA Fund

Experience

Over 16 years of experience.: 1. WhiteOak Capital Asset Management Limited (December 21, 2021 - till date) 2. WhiteOak Capital (July 2017 – December 20, 2021) 3. Khoob Saree (December 2015 - March 2017)

Funds managed (18)

All schemes Trupti Agarwal 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.

Explore from here

Fund managers

Piyush Baranwal Ashish Agrawal Ramesh Mantri Dheeresh Pathak Trupti Agarwal

Top holdings

ICICI Bank Limited HDFC Bank Limited Bharti Airtel Limited Coforge Limited Nestle India Limited Mahindra & Mahindra Limited Eternal Limited State Bank of India Kotak Mahindra Bank Limited Reliance Industries Limited Titan Company Limited Torrent Pharmaceuticals Limited

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.

Run SIP calculator Add to compare

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 Balanced Advantage funds

Balanced advantage (dynamic asset allocation) funds move between equity and debt based on market valuations, adding more stocks when they look cheap and trimming when they look dear. The goal is a smoother ride.

Frequently asked questions

What is the NAV of WhiteOak Capital Balanced Advantage Fund?

As of 05 Oct 2026, the NAV of WhiteOak Capital Balanced Advantage Fund is ₹15.25 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has WhiteOak Capital Balanced Advantage Fund delivered?

WhiteOak Capital Balanced Advantage Fund has returned +1.95% over 1 year, +11.19% per year over 3 years and +12.43% 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 Balanced Advantage Fund?

WhiteOak Capital Balanced Advantage Fund charges an expense ratio of 0.83% 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 Balanced Advantage Fund?

WhiteOak Capital Balanced Advantage Fund's largest holdings are ICICI Bank Limited (7.1%), HDFC Bank Limited (3.3%), Bharti Airtel Limited (2.9%), Embassy Office Parks REIT (2.8%) and Coforge Limited (2.8%). Holdings are disclosed monthly and change over time.

How risky is WhiteOak Capital Balanced Advantage Fund?

WhiteOak Capital Balanced Advantage Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 8.4% and its worst peak-to-trough fall in our sample was -9.6%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 0.56 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. WhiteOak Capital Balanced Advantage Fund's 0.56 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of WhiteOak Capital Balanced Advantage Fund?

WhiteOak Capital Balanced Advantage Fund is benchmarked against the CRISIL Hybrid 50+50 - Moderate Index. Its alpha and beta on this page are measured against that index.

Who manages WhiteOak Capital Balanced Advantage Fund?

WhiteOak Capital Balanced Advantage Fund is managed by Piyush Baranwal, Ashish Agrawal, Ramesh Mantri, Dheeresh Pathak and Trupti Agarwal at WhiteOak Capital.

How is WhiteOak Capital Balanced Advantage Fund taxed?

WhiteOak Capital Balanced Advantage Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.