WhiteOak Capital Multi Asset Allocation Fund – Detailed Review For Long-Term Investors
If you are looking for a diversified hybrid fund that spreads money across equity, debt and gold, the scheme "whiteoak capital multi asset allocation fund" has emerged as one of the prominent options in the Multi Asset Allocation category. [moneycontrol](https://www.moneycontrol.com/mutual-funds/nav/whiteoak-capital-multi-asset-allocation-fund-regular-plan-growth/MYMA001)
What is "whiteoak capital multi asset allocation fund"?
"whiteoak capital multi asset allocation fund" is an open-ended hybrid scheme from WhiteOak Capital Mutual Fund that invests across multiple asset classes – primarily equity, debt and gold/silver related instruments. The stated objective is to provide long-term capital appreciation along with income by dynamically allocating money to these asset classes based on the fund house’s views. [valueresearchonline](https://www.valueresearchonline.com/funds/43500/whiteoak-capital-multi-asset-allocation-fund-regular-plan/)
As of December 2025, the scheme has built a sizeable asset base of around ₹5,562 crore, indicating strong investor interest in this multi asset strategy. It is available both as Regular and Direct plans, with growth option being the preferred choice for long-term wealth creation. [paytmmoney](https://www.paytmmoney.com/mutual-funds/scheme/whiteoak-capital-multi-asset-allocation-fund-direct-growth/inf03vn01761)
The "whiteoak capital multi asset allocation fund" falls under the SEBI-defined Multi Asset Allocation category and is suitable for investors who want a single fund to handle asset allocation instead of managing separate equity, debt and gold investments on their own. [valueresearchonline](https://www.valueresearchonline.com/funds/43500/whiteoak-capital-multi-asset-allocation-fund-regular-plan/)
Key Scheme Highlights
| Parameter | Details |
|---|---|
| Fund name | WhiteOak Capital Multi Asset Allocation Fund (Direct / Regular – Growth) | [groww](https://groww.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-direct-growth)
| Category | Hybrid – Multi Asset Allocation | [advisorkhoj](https://www.advisorkhoj.com/mutual-funds-research/WhiteOak-Capital-Multi-Asset-Allocation-Fund-Regular-Plan-Growth)
| Fund house | WhiteOak Capital Mutual Fund | [paytmmoney](https://www.paytmmoney.com/mutual-funds/scheme/whiteoak-capital-multi-asset-allocation-fund-direct-growth/inf03vn01761)
| Scheme asset size (Dec 2025) | Approx. ₹5,561.9 crore AUM | [advisorkhoj](https://www.advisorkhoj.com/mutual-funds-research/WhiteOak-Capital-Multi-Asset-Allocation-Fund-Regular-Plan-Growth)
| Latest NAV – Direct Growth | Around ₹16.139 as on 06 Feb 2026 | [paytmmoney](https://www.paytmmoney.com/mutual-funds/scheme/whiteoak-capital-multi-asset-allocation-fund-direct-growth/inf03vn01761)
| Since inception return (Direct) | CAGR about 18.5–18.7% since launch | [dezerv](https://www.dezerv.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-direct-growth-inf03vn01761/)
| 1-year return (Direct) | Approximately 20.0% for last 1 year | [dezerv](https://www.dezerv.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-direct-growth-inf03vn01761/)
| Minimum SIP amount | ₹100 SIP allowed in most platforms | [paytmmoney](https://www.paytmmoney.com/mutual-funds/scheme/whiteoak-capital-multi-asset-allocation-fund-direct-growth/inf03vn01761)
| Exit load | 1% if more than 10% of units are redeemed within 30 days | [paytmmoney](https://www.paytmmoney.com/mutual-funds/scheme/whiteoak-capital-multi-asset-allocation-fund-direct-growth/inf03vn01761)
| Riskometer | Moderately High risk | [paytmmoney](https://www.paytmmoney.com/mutual-funds/scheme/whiteoak-capital-multi-asset-allocation-fund-direct-growth/inf03vn01761)
Note: Exact NAVs and returns of "whiteoak capital multi asset allocation fund" change daily; check the latest data before investing.
How is the money allocated – Equity, Debt and Gold?
By design, "whiteoak capital multi asset allocation fund" spreads its corpus across equity, debt and other instruments such as gold-related securities. This helps the fund aim for a balance between growth and stability, something many investors prefer in volatile markets. [moneycontrol](https://www.moneycontrol.com/mutual-funds/nav/whiteoak-capital-multi-asset-allocation-fund-regular-plan-growth/MYMA001)
Overall Asset Allocation
| Asset class | Approx. amount | Portfolio share |
|---|---|---|
| Equity | ≈ ₹1,812 crore | [dezerv](https://www.dezerv.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-direct-growth-inf03vn01761/)About 32.6% of the portfolio | [dezerv](https://www.dezerv.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-direct-growth-inf03vn01761/)
| Debt instruments | ≈ ₹1,814 crore | [dezerv](https://www.dezerv.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-direct-growth-inf03vn01761/)About 32.6% of the portfolio | [dezerv](https://www.dezerv.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-direct-growth-inf03vn01761/)
| Others (cash, gold-related, derivatives etc.) | ≈ ₹1,936 crore | [dezerv](https://www.dezerv.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-direct-growth-inf03vn01761/)About 34.8% of the portfolio | [dezerv](https://www.dezerv.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-direct-growth-inf03vn01761/)
The key takeaway is that "whiteoak capital multi asset allocation fund" is not an aggressive 70–80% equity hybrid; rather, it keeps a balanced allocation between equity and debt, with a meaningful exposure to cash/others which can include gold and tactical positions. [dezerv](https://www.dezerv.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-direct-growth-inf03vn01761/)
What kind of companies does the fund invest in?
Within the equity portion, the "whiteoak capital multi asset allocation fund" follows a diversified multi-cap and multi-sector approach. It invests across large, mid and small-cap companies and spreads money over a wide range of sectors like financial services, industrials, consumer cyclical and technology. [mysiponline](https://www.mysiponline.com/mutual-fund/whiteoak-capital-multi-asset-allocation-fund/portfolio-details/mso6314)
Market-cap allocation of equity
| Market-cap segment | Approx. allocation in equity |
|---|---|
| Large Cap | About 27.1% of the equity allocation, focusing on established leaders | [mysiponline](https://www.mysiponline.com/mutual-fund/whiteoak-capital-multi-asset-allocation-fund/portfolio-details/mso6314)
| Mid Cap | Roughly 3.4% in mid-sized growth companies | [mysiponline](https://www.mysiponline.com/mutual-fund/whiteoak-capital-multi-asset-allocation-fund/portfolio-details/mso6314)
| Small Cap | About 4.1% in smaller businesses with higher growth potential and higher risk | [mysiponline](https://www.mysiponline.com/mutual-fund/whiteoak-capital-multi-asset-allocation-fund/portfolio-details/mso6314)
| Others / cash / derivatives | Balance including negative allocation due to hedging positions | [mysiponline](https://www.mysiponline.com/mutual-fund/whiteoak-capital-multi-asset-allocation-fund/portfolio-details/mso6314)
This mix shows that the "whiteoak capital multi asset allocation fund" leans more towards large caps for stability while still taking selective exposure to mid and small caps for additional growth. [mysiponline](https://www.mysiponline.com/mutual-fund/whiteoak-capital-multi-asset-allocation-fund/portfolio-details/mso6314)
Sector allocation – where is the equity invested?
Sector-wise, the equity book of "whiteoak capital multi asset allocation fund" is spread across core parts of the Indian economy with a tilt towards financial services and cyclical sectors. [dezerv](https://www.dezerv.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-regular-growth-inf03vn01779/)
| Sector | Approx. holding value | Share in portfolio |
|---|---|---|
| Financial Services | ≈ ₹702 crore | [dezerv](https://www.dezerv.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-regular-growth-inf03vn01779/)About 12.6% | [dezerv](https://www.dezerv.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-regular-growth-inf03vn01779/)
| Industrials | ≈ ₹267 crore | [dezerv](https://www.dezerv.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-regular-growth-inf03vn01779/)About 4.8% | [dezerv](https://www.dezerv.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-regular-growth-inf03vn01779/)
| Consumer Cyclical | ≈ ₹230 crore | [dezerv](https://www.dezerv.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-regular-growth-inf03vn01779/)About 4.1% | [dezerv](https://www.dezerv.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-regular-growth-inf03vn01779/)
| Basic Materials | ≈ ₹222 crore | [dezerv](https://www.dezerv.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-regular-growth-inf03vn01779/)About 4.0% | [dezerv](https://www.dezerv.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-regular-growth-inf03vn01779/)
| Technology | ≈ ₹175 crore | [dezerv](https://www.dezerv.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-regular-growth-inf03vn01779/)Around 3.1% | [dezerv](https://www.dezerv.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-regular-growth-inf03vn01779/)
| Communication Services | ≈ ₹165 crore | [dezerv](https://www.dezerv.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-regular-growth-inf03vn01779/)Around 3.0% | [dezerv](https://www.dezerv.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-regular-growth-inf03vn01779/)
| Healthcare | ≈ ₹134 crore | [dezerv](https://www.dezerv.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-regular-growth-inf03vn01779/)About 2.4% | [dezerv](https://www.dezerv.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-regular-growth-inf03vn01779/)
| Energy | ≈ ₹106 crore | [dezerv](https://www.dezerv.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-regular-growth-inf03vn01779/)About 1.9% | [dezerv](https://www.dezerv.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-regular-growth-inf03vn01779/)
| Consumer Defensive | ≈ ₹55 crore | [dezerv](https://www.dezerv.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-regular-growth-inf03vn01779/)About 1.0% | [dezerv](https://www.dezerv.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-regular-growth-inf03vn01779/)
In addition to these, the equity basket of "whiteoak capital multi asset allocation fund" also has exposure, directly or indirectly, to government securities and banking through its debt holdings and hybrid structure. Top fixed income exposures often include G-Secs and high-quality financial sector and public sector issuers for stability. [tickertape](https://www.tickertape.in/mutualfunds/woc-multi-asset-allocation-fund-M_WOMT)
Performance of "whiteoak capital multi asset allocation fund" in recent years
For any investor, the core question is how consistently the "whiteoak capital multi asset allocation fund" has delivered returns over different timeframes. Recent numbers show healthy performance compared to the category. [groww](https://groww.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-direct-growth)
Short- to medium-term returns
| Period | Fund return – Direct Growth | Category average (Hybrid Multi Asset Allocation) |
|---|---|---|
| 3 months | Approx. 4.5–5.2% | [groww](https://groww.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-direct-growth)N/A / similar range (varies by source) | [groww](https://groww.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-direct-growth)
| 6 months | About 10–10.5% | [groww](https://groww.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-direct-growth)N/A | [groww](https://groww.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-direct-growth)
| 1 year | Roughly 19.9–20.0% | [groww](https://groww.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-direct-growth)Category average around 15.1% in some snapshots | [groww](https://groww.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-direct-growth)
Over the last one year, "whiteoak capital multi asset allocation fund" has outperformed the category average by several percentage points, highlighting its ability to handle market volatility while capturing upside. This is particularly notable given its balanced asset allocation and not excessively high equity exposure. [groww](https://groww.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-direct-growth)
Since inception performance
| Metric | Fund |
|---|---|
| Since inception CAGR (Direct Growth) | About 18.5–18.7% per annum | [dezerv](https://www.dezerv.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-direct-growth-inf03vn01761/)
| Total return since launch | Approx. 60–61% cumulative return since inception | [paytmmoney](https://www.paytmmoney.com/mutual-funds/scheme/whiteoak-capital-multi-asset-allocation-fund-direct-growth/inf03vn01761)
Given that "whiteoak capital multi asset allocation fund" operates as a hybrid with significant allocation to debt and others, delivering an annualised return in the high-teens since inception is quite attractive. For investors seeking smoother ride than pure equity funds, this performance profile is encouraging. [valueresearchonline](https://www.valueresearchonline.com/funds/43500/whiteoak-capital-multi-asset-allocation-fund-regular-plan/)
Risk–return profile and suitability
The riskometer of "whiteoak capital multi asset allocation fund" is labelled as Moderately High, which is typical for multi asset funds with a meaningful equity component. However, diversification across asset classes, sectors and market caps helps cushion drawdowns compared to a 100% equity scheme. [moneycontrol](https://www.moneycontrol.com/mutual-funds/nav/whiteoak-capital-multi-asset-allocation-fund-regular-plan-growth/MYMA001)
Who can consider this fund?
- Investors who want a single diversified scheme instead of separate equity, debt and gold funds. [valueresearchonline](https://www.valueresearchonline.com/funds/43500/whiteoak-capital-multi-asset-allocation-fund-regular-plan/)
- First-time equity investors who prefer a smoother experience through a balanced multi asset approach. [moneycontrol](https://www.moneycontrol.com/mutual-funds/nav/whiteoak-capital-multi-asset-allocation-fund-regular-plan-growth/MYMA001)
- Medium- to long-term investors with at least 3–5 year horizon willing to handle moderate short-term volatility. [valueresearchonline](https://www.valueresearchonline.com/funds/43500/whiteoak-capital-multi-asset-allocation-fund-regular-plan/)
- SIP investors looking to start small (as low as ₹100) and gradually build wealth via "whiteoak capital multi asset allocation fund". [paytmmoney](https://www.paytmmoney.com/mutual-funds/scheme/whiteoak-capital-multi-asset-allocation-fund-direct-growth/inf03vn01761)
On the flip side, very conservative investors who cannot tolerate any NAV fluctuations may find this fund relatively risky, while very aggressive investors seeking pure equity-like high risk–high return may prefer dedicated equity schemes. [paytmmoney](https://www.paytmmoney.com/mutual-funds/scheme/whiteoak-capital-multi-asset-allocation-fund-direct-growth/inf03vn01761)
How promising is "whiteoak capital multi asset allocation fund" for the coming years?
The future potential of "whiteoak capital multi asset allocation fund" depends on a few structural factors – the fund house’s investment process, diversification benefits and how well India’s equity and debt markets perform over the next market cycle. So far, the scheme has demonstrated strong AUM growth, competitive performance and disciplined asset allocation, all of which are positive indicators. [moneycontrol](https://www.moneycontrol.com/mutual-funds/nav/whiteoak-capital-multi-asset-allocation-fund-regular-plan-growth/MYMA001)
Positives for long-term investors
- Track record: Since-inception returns close to ~18–19% CAGR suggest the strategy has worked well so far for "whiteoak capital multi asset allocation fund". [dezerv](https://www.dezerv.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-direct-growth-inf03vn01761/)
- Balanced allocation: Roughly one-third each in equity and debt, with a flexible bucket for cash/others/gold, can help navigate different market phases. [dezerv](https://www.dezerv.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-direct-growth-inf03vn01761/)
- Diversification: Exposure across multiple sectors like financials, industrials, consumer, technology and healthcare reduces concentration risk. [dezerv](https://www.dezerv.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-regular-growth-inf03vn01779/)
- Scale and liquidity: AUM of over ₹5,500 crore gives comfort about liquidity and acceptance in the marketplace. [advisorkhoj](https://www.advisorkhoj.com/mutual-funds-research/WhiteOak-Capital-Multi-Asset-Allocation-Fund-Regular-Plan-Growth)
Points to keep in mind
- Returns of "whiteoak capital multi asset allocation fund" will still be affected by equity market corrections in the short term even though downside may be lower than pure equity funds. [valueresearchonline](https://www.valueresearchonline.com/funds/43500/whiteoak-capital-multi-asset-allocation-fund-regular-plan/)
- Debt and gold allocations can also face periods of low returns, so investors must keep realistic expectations over 1–2 years. [valueresearchonline](https://www.valueresearchonline.com/funds/43500/whiteoak-capital-multi-asset-allocation-fund-regular-plan/)
- As always, past performance is not a guarantee of future results; regular review of the fund’s performance versus peers is essential. [groww](https://groww.in/mutual-funds/whiteoak-capital-multi-asset-allocation-fund-direct-growth)
For investors with a 5-year plus horizon, the combination of equity growth potential and fixed income stability makes "whiteoak capital multi asset allocation fund" a promising core holding within the hybrid space, provided it fits their risk profile and asset allocation plan. [moneycontrol](https://www.moneycontrol.com/mutual-funds/nav/whiteoak-capital-multi-asset-allocation-fund-regular-plan-growth/MYMA001)
Practical tips before investing
- Align your overall asset allocation; do not over-allocate to multi asset funds if you already hold separate equity and debt funds. [valueresearchonline](https://www.valueresearchonline.com/funds/43500/whiteoak-capital-multi-asset-allocation-fund-regular-plan/)
- Prefer SIPs in "whiteoak capital multi asset allocation fund" to average out market volatility, though lumpsum can be considered for long-term goals with staggered deployment. [paytmmoney](https://www.paytmmoney.com/mutual-funds/scheme/whiteoak-capital-multi-asset-allocation-fund-direct-growth/inf03vn01761)
- Monitor returns versus Multi Asset Allocation category peers every 6–12 months and check if the fund continues to stay in the top bracket over time. [moneycontrol](https://www.moneycontrol.com/mutual-funds/nav/whiteoak-capital-multi-asset-allocation-fund-regular-plan-growth/MYMA001)
- Consult your financial advisor or planner to ensure the scheme aligns with your goal horizon, tax situation and overall portfolio construction. [valueresearchonline](https://www.valueresearchonline.com/funds/43500/whiteoak-capital-multi-asset-allocation-fund-regular-plan/)
To summarise, the "whiteoak capital multi asset allocation fund" offers a well-diversified, professionally managed mix of equity, debt and gold-linked investments, making it an attractive option for investors seeking relatively smoother long-term wealth creation compared to pure equity funds. [moneycontrol](https://www.moneycontrol.com/mutual-funds/nav/whiteoak-capital-multi-asset-allocation-fund-regular-plan-growth/MYMA001)
