March 28, 2026
RA Jainee
WhiteOak Capital Mid Cap Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 19.19 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 19.19 |
| Min. Investment (Rs.) | 500 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 6 |
| Benchmark | BSE 150 MidCap TRI |
| AUM Rs. | 4,695 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.59% |
| 1 Year Return (%) | 15.19 |
| 3 Year Return (%) | 26.02 |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | 20.21% |
⚖️ Sahifund Review – WhiteOak Capital Mid Cap Fund ✔
PLUS: Stability, track record, cost efficiency
WhiteOak Capital Mid Cap Fund has emerged as a strong performer in the mid-cap category, delivering an impressive 15.19% 1-year return and 26.02% 3-year CAGR, comfortably beating both its benchmark and category average. Despite being a relatively younger fund, it has already shown healthy return consistency and strong benchmark outperformance, which makes it stand out. The expense ratio of just 0.59% is a major positive for an actively managed mid-cap fund, helping investors retain more of their returns. The portfolio is widely diversified across 118 stocks, reducing single-stock blow-up risk in a volatile category. With a minimum SIP of Rs. 100, it is highly suitable for long-term wealth creation through disciplined investing. Backed by the growing credibility of WhiteOak Capital Mutual Fund, the scheme is relevant for investors seeking pure mid-cap growth exposure with manageable concentration risk.
MINUS: Large AUM, large-cap bias, momentum lag
The main concern is the fund’s very high turnover ratio of 238%, which signals aggressive portfolio churn and can increase execution risk. The fund is still relatively young (around 3.5 years old), so its ability to sustain outperformance across multiple market cycles is yet to be fully tested. While diversified, the very broad 118-stock portfolio may dilute conviction, especially compared to sharper mid-cap peers with tighter portfolios. The fund also has over 20% small-cap exposure, which can increase volatility during market corrections. Although recent returns are strong, investors should remember that mid-cap funds can witness steep drawdowns and sentiment swings, especially after a strong rally phase. So while the fund looks promising, it still carries the natural volatility and valuation risk of the mid-cap segment.
Sahifund View (Decisive Line):
A high-quality and low-cost mid-cap SIP candidate, but because of high churn and limited long-cycle history, it is best suited for patient investors with a 7+ year horizon.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
Mid-cap funds are suitable for investors:
1. Seeking exposure in mid-cap stocks for high returns
2. Aiming for long-term wealth creation
3. With a 7+ year investment horizon
4. Who can withstand interim sharp declines in investment value
Note:
• Invest only through SIP
Fund’s Investment Strategy:
The Scheme is to seek to generate capital appreciation by actively investing in and managing a diversified portfolio primarily composed of mid-cap stocks.
Fund Manager:
1) Piyush Baranwal
Education: Mr.Piyush Baranwal is a B. Tech. in Electronics and communication from Manipal Institute of Technology,Manipal.He completed PGDBM in Finance from S.P.Jain Institute of Management and Reserch and CFA.
Experience: Prior to joining WhiteOak Capital Mutual Fund he has worked with BOI AXA, Morgan Stanley Investment Management (Jan, 2011-June, 2014) and Principal Pnb AMC as a Dealer- Fixed Income (May, 2008-Jan, 2011).
2) Ramesh Mantri
Education: Mr. Mantri is an MBA, CFA and CA
Experience: Prior to joining WhiteOak Capital Mutual Fund, he has worked with WhiteOak Capital Management, Ashoka Capital Advisers, Smith Management, and CRISIL.
3) Dheeresh Pathak
Education: Mr. Pathak has done B.E in Electronics Engineering and a PGDBM from MDI Gurgaon
Experience: Prior to joining WhiteOak Capital Mutual Fund, he has worked with Goldman Sachs
4) Trupti Agrawal
Education: Ms. Agrawal has done B.Com and CA.
Experience: Prior to joining WhiteOak Capital Mutual Fund, she has worked with L&T Infrastructure Finance Co. Ltd. and Ernst & Young.
5) Ashish Agrawal
Education: PGDBM in Finance from Institute of Management Technology, Ghaziabad and Bachelor of Commerce from University of Lucknow
Experience: Prior to joining Whiteoak Capital AMC, he was working with Motilal Owal Asset Management Co. Ltd from 2016 till date. Citigroup Global Markets Ltd from 2010 to 2016
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 30 days |
Basic Details of WhiteOak Capital Mid Cap Fund
| Fund House | WhiteOak Capital Mutual Fund |
| Launch Date | 07-Sep-22 |
| Return Since Launch | 20.21% |
| Benchmark | BSE 150 MidCap TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets (Rs.) | 4,695 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.59% |
| (As on 28-Feb-2026) | |
| Risk Grade | Below Average |
| Return Grade | High |
| Turnover | 238.00% |
Trailing Returns (%) of WhiteOak Capital Mid Cap Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| WhiteOak Capital Mid Cap Fund Dir | -9.53 | -0.37 | -7.36 | -8.95 | -7.31 | 15.19 | 26.02 | — | — | — |
| BSE 150 MidCap TRI | -9.88 | -0.42 | -8.35 | -8.61 | -9.05 | 10.06 | 20.98 | — | — | — |
| Equity: Mid Cap | -9.05 | -0.26 | -7.96 | -8.06 | -8.45 | 11.35 | 20.80 | — | — | — |
| Rank within category | 42 | 43 | 12 | 45 | 15 | 7 | 2 | — | — | — |
| Number of funds in category | 57 | 58 | 58 | 57 | 54 | 49 | 40 | 27 | 22 | 19 |
Peer Comparison of WhiteOak Capital Mid Cap Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| WhiteOak Capital Mid Cap Fund Dir | 5 star | 15.19 | 26.02 | — | 0.59 | 4,695 | 20.21 | 1.00 (30) | 3Y 6M | 238.00 |
| HDFC Mid Cap Dir | 5 star | 14.93 | 24.17 | 20.82 | 0.76 | 94,257 | 19.85 | 1.00 (365) | 13Y 2M | 8.72 |
| Kotak Midcap Dir | 4 star | 14.51 | 20.56 | 18.19 | 0.38 | 61,694 | 19.42 | 1.00 (365) | 13Y 2M | 23.50 |
| Nippon India Growth Mid Cap Dir | 4 star | 16.52 | 25.34 | 20.92 | 0.72 | 43,983 | 17.74 | 1.00 (30) | 13Y 2M | 3.00 |
| Edelweiss Mid Cap Dir | 5 star | 15.21 | 25.58 | 20.66 | 0.46 | 14,355 | 20.81 | 1.00 (90) | 13Y 2M | 41.00 |
Portfolio Analysis of WhiteOak Capital Mid Cap Fund
| No. of Stocks | 118 |
| Top 10 Stocks | 28.30% |
| Top 5 Stocks | 16.56% |
| Top 3 Sectors | 53.93% |
| Portfolio P/B Ratio | 4.16 |
| Portfolio P/E Ratio | 29.18 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 50,313 | 64,455 |
| Giant (%) | — | — |
| Large (%) | 6.55 | 11.59 |
| Mid (%) | 72.76 | 78.08 |
| Small (%) | 20.69 | 11.26 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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