Fundalysisby DARKHORSESTOCKS

Scheme

WhiteOak Capital Banking Financial Services Fund

Holds 49 companies worth ₹578 Cr in Sept 2026.

  • Fund house

    WhiteOakThe fund house that runs this scheme.

  • AUM

    ₹626 CrWhiteOak Capital Banking Financial Services Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 6.0% on Aug 2026, ₹665 Cr.

  • Largest holding

    ICICI BankICICI Bank is 12.5% of this scheme's NAV.

  • Fund manager

    Piyush BaranwalRuns its co-manager part since 6 Feb 2024, as the fund house dates it. With Ramesh Mantri (co-manager), Trupti Agrawal (co-manager), Dheeresh Pathak (co-manager), Ashish Agrawal (arbitrage).

Overview(5 Oct 2026)

Fund managers5

  1. Piyush BaranwalCo-manager, debt · Feb 2024 · 17y · CFA PGDM B.E.
  2. Ramesh MantriCo-manager, equity · Feb 2024 · 21y · CA CFA MBA
  3. Trupti AgrawalCo-manager, equity · Feb 2024 · 16y · CA B.Com
  4. Dheeresh PathakCo-manager, equity · Apr 2024 · 17y
  5. Ashish AgrawalArbitrage · Jan 2025 · 18y · PGDM
  1. Bhavin PatadiaJan 2025 – Jan 2025

Key facts

Benchmark
Nifty Financial Services TRI
Risk
Very High
Expense
Regular 2.72% · Direct 1.05%
Exit load
Nil
Started
6 Feb 2024
Minimum
₹500

Source.Its Scheme Summary Document as of 5 Oct 2026 at AMFI.

What changed(22 changes)

Sept 2026

2 changes
  1. Expense ratio
    10 SeptRegular 2.77% → 2.74%Direct 1.08% → 1.07%
  2. Category
    10 SeptThematic Fund → Sectoral Fund

Jul 2026

1 change
  1. Expense ratio
    9 JulRegular 2.44% → 2.77%Direct 0.73% → 1.08%

May 2026

2 changes
  1. Exit load
    11 May1% within 1 month → Nil
  2. Expense ratio
    11 MayRegular 3.59% → 2.44%Direct 1.88% → 0.73%

Source.Its filings at NSE, since Oct 2024.

Fund managers over time(Feb 2024 – now)

  1. Piyush Baranwal
  2. Ramesh Mantri
  3. Trupti Agrawal
  4. Dheeresh Pathak
  5. Ashish Agrawal
  6. Bhavin Patadia
MainCoSlice20252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Oct 2024 – Oct 2026)

Every change to the expense ratio, newest first.
16 changesRegularDirectΔ pt
10 Sept 20262.74%1.07%0.01
9 Jul 20262.77%1.08%0.35
11 May 20262.44%0.73%1.15
12 Apr 20263.59%1.88%1.20
9 Mar 20262.35%0.68%0.01
9 Feb 20262.36%0.67%0.02
11 Jan 20262.35%0.65%0.01
7 Dec 20252.36%0.64%0.01
10 Nov 20252.37%0.65%0.01
10 Oct 20252.38%0.66%0.01
9 Aug 20252.38%0.65%0.03
12 May 20252.38%0.68%0
10 Apr 20252.39%0.68%0.02
10 Feb 20252.38%0.66%0.02
10 Dec 20242.39%0.68%0.01
10 Oct 20242.38%0.67%–
Direct plan, 10 Sept 2026
1.07%
Regular plan 2.74% · Exit load nil
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(5 Oct 2026)

Objective

The primary objective of the Scheme is to provide long-term capital appreciation by investing predominantly in equity and equity related instruments of banks & companies engaged in Financial Services Sector. There is no assurance that the investment objective of the Scheme will be achieved

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
An open ended equity scheme investing in banking & financial services sector.
Benchmark
Nifty Financial Services TRI

Asset allocation it may hold% of NAV

  1. Equity & Equity related Instruments of Banks & companies engaged in financial services sector
    Allowed80–100%Holds92.4%
  2. Equity & Equity related Instruments companies (including REITs) other than above
    Allowed0–20%
  3. Money Market Instruments##, Other Liquid Instruments^, Gold and Silver ETFs and Units of Domestic Mutual Fund Schemes@
    Allowed0–20%
  4. Units issued by InvITs
    Allowed0–10%Holds0.0%

Holds in Sept 2026.92.4% equity · 7.6% debt and cash

How to invest(5 Oct 2026)

Buying

To start
₹500, then re.1
To add
₹500, then re.1
Systematic
SIP - Daily, Weekly, Fortnightly, Monthly, Quarterly; SWP - Monthly, Quarterly, Half-Yearly, Yearly; STP - Daily, Weekly, Monthly, Quarterly
Dates
SIP - Daily - All business days, Weekly - Any day from Monday to Friday (Monday will be the default day), Fortnightly - 1st and 16th day of each month, as applicable (1st and 16th of the month will be the default dates), Monthly - Any date of every month (between 1st & 28th) (10th will be the default date), Quarterly - Any date of every quarter (between 1st & 28th); SWP - Monthly - Any date of every month (between 1st & 28th), Quarterly- Any date of every Quarter (between 1st & 28th), Half-Yearly- Any date of every half-year (between 1st & 28th), Yearly- Any date of every year (between 1st & 28th); STP - Daily - All business days, Weekly - Any day from Monday to Friday (Monday will be the default day), Monthly - Any date of every month (between 1st & 28th) (10th would be the default date), Quarterly - Any date of every quarter (between 1st & 28th)
Minimum
SIP - Daily/Weekly/Fortnightly/Monthly - Rs.100, Quarterly - Rs. 500; SWP - Rs.500; STP - Daily/Weekly- Rs. 500, Monthly-Rs.1000, Quarterly- Rs.1500, then sIP - Re.1; SWP - Re.1; STP - Re.0.01
Instalments
SIP - Daily/Weekly/Fortnightly/Monthly - 6, Quarterly - 4; SWP - 2; STP - Daily/Weekly- 12 (if the instalment amount is less than Rs.1000/-), 6 (if the instalment amount is more than Rs.1000/-), Monthly - 6, Quarterly - 4

Selling and switching

To redeem
Rs.500 and in multiples of Re. 0.01 or account balance whichever is lower or No minimum redemption criterion for Unit based redemption units
Switch minimum
₹500
Switch multiples
Re.1

Scheme details(5 Oct 2026)

What it is

Category
Sectoral Fund
Offer
16 Jan 2024 to 30 Jan 2024
Started
6 Feb 2024
Reopened
7 Feb 2024
Plans
Direct Plan Growth Option · Regular Plan Growth Option
Face value
₹10
Listed
No

How it is run

Swing pricing
No
Side-pocketing
No
Custodian
Deutsche Bank A.G.
Auditor
M/s. Chokshi & Chokshi LLP
Registrar
Computer Age Management Services Limited
SEBI code
WHIT/O/E/THE/23/10/0014