June 6, 2024
mayank
WhiteOak Capital Ultra Short Duration Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 1,304.3517
Weekly NAV IDCW: Rs 1,002.1289
NAV IDCW Monthly: Rs 1,005.9157
Fortnightly NAV IDCW: Rs 1,001.7411
Suitable For Which Investors?
“Ultra-short Duration debt funds predominantly invest in bonds maturing in three to six months. They aim to earn slightly better returns over liquid funds but with a marginally higher degree of volatility.
They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don’t need for the next six months up to 1-1.5 years. Investors who want to avoid the complexity of wading through the very finely classified categories of debt funds can simply give these funds a miss and stick to liquid funds for this investing need. But those, who want slightly better returns and can withstand a little more volatility, can consider ultra-short duration funds.
The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital. Remember, they are geared to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit, but are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to generate reasonable income with low volatility through investment in a portfolio comprising of debt & money market instruments.
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).
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | WhiteOak Capital Mutual Fund |
| Launch Date | 06-Jun-19 |
| Return Since Launch | 5.45% |
| Benchmark | CRISIL Ultra Short Duration Debt A-I Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 292 Cr |
| (As on 31-May-2024) | |
| Expense | 0.41% |
| (As on 30-Apr-2024) | |
| Risk Grade | Average |
| Return Grade | Below Average |
Trailing Returns (%) of WhiteOak Capital Ultra Short Duration Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| WhiteOak Capital Ultra Short Duration Dir | 3.21 | 0.01 | 0.63 | 1.87 | 3.70 | 7.19 | 5.78 | — | — | — |
| CCIL T Bill Liquidity Weight | 1.92 | 0.02 | 0.41 | 1.10 | 2.32 | 4.50 | 3.38 | — | — | — |
| Debt: Ultra Short Duration | 3.28 | 0.02 | 0.63 | 1.91 | 3.78 | 7.36 | 5.92 | — | — | — |
| Rank within category | 20 | 22 | 17 | 20 | 21 | 20 | 17 | — | — | — |
| Number of funds in category | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 18 | 11 | 11 |
Peer Comparison of WhiteOak Capital Ultra Short Duration 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 | |
| WhiteOak Capital Ultra Short Duration Dir | 3 star | 7.19 | 5.78 | — | 0.41 | 292 | 5.45 | — | 5Y |
| ICICI Pru Ultra Short Term Dir | 5 star | 7.56 | 6.13 | 6.53 | 0.39 | 12,586 | 8.05 | — | 11Y 5M |
| Nippon India Ultra Short Duration Dir | 5 star | 7.68 | 7.61 | 6.12 | 0.38 | 5,654 | 7.16 | — | 11Y 5M |
| UTI Ultra Short Duration Dir | 5 star | 7.47 | 6.83 | 6.25 | 0.43 | 2,349 | 7.43 | — | 11Y 5M |
| Sundaram Ultra Short Duration Dir | 4 star | 7.46 | 5.92 | 5.77 | 0.24 | 2,079 | 6.79 | — | 11Y 5M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 20 | 58 |
| Macaulay Duration (yrs) | 0.39 | 0.44 |
| Average Maturity (yrs) | 0.40 | 0.46 |
| Yield to Maturity (%) | 7.40 | 7.51 |
| Avg Credit Rating | AAA | — |
How to Invest in WhiteOak Capital Ultra Short Duration Fund?
Chanakya’s Mutual Fund Guidance For WhiteOak Capital Ultra Short Duration Fund
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