WhiteOak Capital Banking & Financial Services Fund
The fund maintains aggressive conviction in large-cap private banks, with ICICI and HDFC commanding over 24% combined, positioning the portfolio for sustained credit growth and premiumization in financial services. The manager is selectively diversifying within the broader financial ecosystem—adding life insurance and non-bank lenders while trimming smaller players—signaling confidence in quality franchises and structural tailwinds in consumer finance. High concentration (55.5% in top 10) reflects a best-ideas approach, accepting significant single-stock risk for perceived alpha generation in a secular banking cycle.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹12.7930 | — | — | — | — |
| Regular Growth | ₹12.3040 | -1.72% | +1.29% | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| HDFC Life Insurance Company Limited | 0.72% |
| Aye Finance Limited | 0.65% |
| IndusInd Bank Limited | 0.54% |
| 360 One WAM Limited | 0.25% |
| Onemi Technology Solutions Limited | 1.01% |
| 182 Days Tbill (MD 09/07/2026) | 0.33% |
| 182 Days Tbill (MD 18/06/2026) | 0.07% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI Bank Limited INE090A01021 | 12.40% |
| 2 | HDFC Bank Limited INE040A01034 | 11.81% |
| 3 | Kotak Mahindra Bank Limited INE237A01036 | 6.95% |
| 4 | State Bank of India INE062A01020 | 4.61% |
| 5 | Bajaj Finance Limited INE296A01032 | 3.77% |
| 6 | Axis Bank Limited INE238A01034 | 3.69% |
| 7 | Clearing Corporation of India Ltd | 3.33% |
| 8 | Shriram Finance Limited INE721A01047 | 3.17% |
| 9 | Bajaj Finserv Limited INE918I01026 | 3.09% |
| 10 | PNB Housing Finance Limited INE572E01012 | 2.66% |
| 11 | Multi Commodity Exchange of India Limited INE745G01043 | 2.34% |
| 12 | Ujjivan Small Finance Bank Limited INE551W01018 | 2.30% |
| 13 | Five Star Business Finance Limited INE128S01021 | 2.28% |
| 14 | Aditya Birla Capital Limited INE674K01013 | 2.06% |
| 15 | Repco Home Finance Limited INE612J01015 | 2.06% |
| 16 | City Union Bank Limited INE491A01021 | 2.05% |
| 17 | Max Financial Services Limited INE180A01020 | 2.00% |
| 18 | PB Fintech Limited INE417T01026 | 1.68% |
| 19 | Canara HSBC Life Insurance company Ltd INE01TY01017 | 1.62% |
| 20 | Power Finance Corporation Limited INE134E01011 | 1.59% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does WhiteOak Capital Banking & Financial Services Fund hold?
WhiteOak Capital Banking & Financial Services Fund holds 50 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 39.54% of NAV.
What is the largest holding in WhiteOak Capital Banking & Financial Services Fund?
The largest position in WhiteOak Capital Banking & Financial Services Fund is ICICI Bank Limited, accounting for 12.40% of NAV in the Banks sector.
Is WhiteOak Capital Banking & Financial Services Fund a concentrated or diversified fund?
With a Gini coefficient of 0.498, WhiteOak Capital Banking & Financial Services Fund is moderately concentrated. The HHI concentration index is 49,335 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 39.54% of the portfolio.
What is the market cap allocation of WhiteOak Capital Banking & Financial Services Fund?
Based on SEBI's AMFI classification, WhiteOak Capital Banking & Financial Services Fund's equity portfolio is split as: Large Cap: 50.97%, Mid Cap: 10.66%, Small Cap: 21.47%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does WhiteOak Capital Banking & Financial Services Fund invest in most?
WhiteOak Capital Banking & Financial Services Fund has the highest allocation to Banks (46.90%), Finance (30.87%), Capital Markets (7.27%). The fund is invested across 8 sectors in total.
How actively managed is WhiteOak Capital Banking & Financial Services Fund compared to other Sectoral / Thematic funds?
WhiteOak Capital Banking & Financial Services Fund has an Active Share of 80.91%, classifying it as "Highly Differentiated" among 237 Sectoral / Thematic peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in WhiteOak Capital Banking & Financial Services Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, WhiteOak Capital Banking & Financial Services Fund added 7 new stocks (including HDFC Life Insurance Company Limited) and exited 4 stocks (including RBL Bank Limited). Total holding count increased from 49 to 52 stocks.