WhiteOak Capital Mutual Fund

About WhiteOak Capital Mutual Fund

WhiteOak Capital Mutual Fund is run by WhiteOak Capital Asset Management, founded around Prashant Khemka, formerly CIO of Goldman Sachs Asset Management's India Equity and Global Emerging Markets Equity businesses. The fund house was formerly known as YES Mutual Fund before WhiteOak's acquisition.

Ownership and Heritage

In August 2020, YES Bank executed a definitive agreement to sell 100% of YES Asset Management (India) Ltd and YES Trustee Ltd to GPL Finance and Investments, a subsidiary of the WhiteOak Capital group. SEBI approved the acquisition in September 2021, and White Oak Capital Group completed the acquisition in November 2021, after which the fund house's name changed from YES Mutual Fund to WhiteOak Capital Mutual Fund, effective January 12, 2022.

Fund Range and Approach

Since the rebrand, WhiteOak Capital has built out its scheme range across equity, debt, and hybrid categories, with its maiden new fund offering (NFO) after the rebrand collecting a notable ₹550 crore, reflecting strong initial investor interest under its new ownership and leadership.

Who Should Consider WhiteOak Capital Mutual Fund

Investors interested in a fund house led by a manager with a substantial prior track record at a major global investment bank's asset management arm, now several years into its India-focused mutual fund business under new ownership, may consider WhiteOak Capital's scheme range.

A Note on the YES Mutual Fund History

Because the fund house changed its name and full ownership in January 2022, any scheme history from the YES Mutual Fund era predates WhiteOak's ownership and investment team. Check the current fund manager's tenure specifically for any scheme you're evaluating, since the change in ownership also generally brought a change in investment approach.

Checking a Scheme's Risk-o-Meter

Every Indian mutual fund scheme is required to display a standardised risk-o-meter (ranging from "Low" to "Very High") on its factsheet, reflecting SEBI's categorisation rules for that specific fund type. Checking this alongside the scheme's exact category label - not just its name - is a quick way to confirm a fund actually matches the risk level you're comfortable with before investing, regardless of which AMC runs it.

Checking Total Expense Ratio Trends

SEBI requires every AMC to publish each scheme's total expense ratio (TER) regularly, and TERs can change over time as a scheme's assets under management grow (regulations generally allow a lower TER ceiling for larger schemes). It's worth checking a scheme's current TER directly on the AMC's factsheet rather than relying on a figure that may be a few months old, since even a small change compounds meaningfully over a long holding period.

Reading the Scheme Documents

Before investing in any specific scheme, it's worth reading its scheme information document (SID) and key information memorandum (KIM), both freely available on the AMC's own website - these spell out the exact investment mandate, risk factors, benchmark, and exit load in far more detail than any summary page, including this one, can provide.

Costs: Direct vs Regular Plans

WhiteOak Capital schemes are available as Direct Plans or Regular Plans. Use the Expense Ratio Impact Calculator on this site to estimate the long-term rupee difference between the two.

Investing With WhiteOak Capital Mutual Fund

Every scheme tracked on this site shows live NAV, computed CAGR and absolute returns, and expense ratio, sourced from AMFI India and MFAPI - see the scheme list below, or open any individual scheme's page to project a SIP or lumpsum investment using its own historical performance and current NAV.