WhiteOak Capital Banking & Financial Services Fund Direct Growth
Equity
Direct
Sector - Financial Services
NAV as on 04-10-2024
₹ 11.49
1D
Inception Returns
14.9%
/yr
About the Fund
WhiteOak Capital Banking & Financial Services Fund Direct Growth is an equity fund. This fund was started on 6 February, 2024. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- WhiteOak Capital Banking & Financial Services Fund Direct Growth has ₹240 Cr worth of assets under management (AUM) as on Aug 2024 and is less than category average.
- The fund has an expense ratio 0.7.
Returns
WhiteOak Capital Banking & Financial Services Fund Direct Growth has given a CAGR return of 14.90% since inception.
Holdings
WhiteOak Capital Banking & Financial Services Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Health, Industrial. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, ICICI Securities Ltd, Bajaj Finserv Ltd, State Bank of India
Taxation
As it is a sector - financial services mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of WhiteOak Capital Banking & Financial Services Fund Direct Growth
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. However, there can be no assurance that the investment objective of the Scheme will be realized.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 100.00. WhiteOak Capital Banking & Financial Services Fund Direct Growth has no lock in period.
Historical NAV & Returns
Fund Overview
| Expense ratio | 0.66% |
Benchmark | S&P BSE BANKEX INR |
| AUM | ₹240 Cr |
| Inception Date | 6 February, 2024 |
| Min Lumpsum/SIP | ₹500/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 54.04% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (04-Oct-24)
Fund Distribution
as on (31-Aug-24)
- This fund’s returns stands at 1.46% whereas the fund’s underlying benchmark Nifty 500 returns stands at 0.97% as on Aug'24
- This fund outperformed Nifty 500 by 0.49% in Aug'24
- AUM of the fund stands at 195.3 Cr as of Aug'24
- AUM has remained same between Aug'24 and Jul'24
Top 3 Sectors in August were Financial Services, Tech & Government
Top Growth Drivers | 1M Return |
|---|---|
 Cholamandalam Financial Holdings Ltd | 18.9% |
 HDFC Bank Ltd | 2.5% |
 ICICI Bank Ltd | 1.6% |
WhiteOak Capital Banking & Financial Services Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹0 Cr
Expense Ratio 0.66%
Frequently Asked Questions
WhiteOak Capital Banking & Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.31% | 0.31% |
6 Month Returns | 13.54% | 13.54% |
1 Year Returns | 0% | 0% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
WhiteOak Capital Banking & Financial Services Fund Direct Growth | - | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
WhiteOak Capital Banking & Financial Services Fund Direct Growth | - | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
WhiteOak Capital Banking & Financial Services Fund Direct Growth | - | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
WhiteOak Capital Banking & Financial Services Fund Direct Growth | - | - | - |