NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

WhiteOak Capital Banking & Financial Services Fund Growth for NRI [10.24]

Min Investment

500

Fund Size

138.85 Cr

Expense Ratio

2.4%

Exit Load

1%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

10.24

0.15%

NAV as on 01 May 24, 12:00 AM

very high risk

sector financial services

equity

NAV as on 01 May 24, 12:00 AM

very high risk

sector financial services

equity

0.00%p.a.

Last 1Y

0.00%p.a.

Last 3Y

0.00%p.a.

Last 5Y

2.44%p.a.

Since Inception

About WhiteOak Capital Banking & Financial Services Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the WhiteOak Capital Banking & Financial Services Fund Growth scheme from WhiteOak Capital Asset Management Limited. It is a Sector - Financial Services mutual fund scheme that predominantly invests in Sector - Financial Services stocks of companies. Launched on Feb 2024, WhiteOak Capital Banking & Financial Services Fund Growth is Sector - Financial Services fund of its category with 138.85 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Sector - Financial Services funds.

  • WhiteOak Capital Banking & Financial Services Fund Growth delivered 0.0% annual returns during the last year. It has delivered 2.4% average annual returns since the fund was launched.
  • WhiteOak Capital Banking & Financial Services Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in equity

Fund 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. However, there can be no assurance that the investment objective of the Scheme will be realized.

Top 10 Holdings

ICICI Bank Ltd

20.66%

HDFC Bank Ltd

17.02%

Bajaj Finserv Ltd

5.79%

Kotak Mahindra Bank Ltd

5.41%

Cholamandalam Financial Holdings Ltd

4.00%

State Bank of India

3.32%

Axis Bank Ltd

3.15%

Medi Assist Healthcare Services Ltd

2.44%

Shriram Finance Ltd

2.39%

SBI Life Insurance Company Limited

2.29%

Fund Managers

  1. Piyush Baranwal (Feb 2024 - Present)
  2. Ramesh Mantri (Feb 2024 - Present)
  3. Trupti Agrawal (Feb 2024 - Present)
  4. Dheeresh Pathak (Apr 2024 - Present)
  5. Naitik Shah (Apr 2024 - Present)

Key Information

View Scheme Document

WhiteOak Capital Banking & Financial Services Fund Growth SIP Calculator

If invested

5,000

per month

For a period of

Investment of 0 could have been

0(+0.0%)

0 (+0.0%)

This Fund

0 (+0.0%)

Fixed Deposit

NRI Mutual Fund Tax on WhiteOak Capital Banking & Financial Services Fund Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in WhiteOak Capital Banking & Financial Services Fund Growth?

NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:

  • Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
  • PAN Number
  • Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
  • Passport – front and back
  • Passport size photograph
  • signature

If all details are correct, your KYC will be approved within 7 to 8 business days.

  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in WhiteOak Capital Banking & Financial Services Fund Growth
  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
  • City and country of birth
  • NRE/NRO bank account statement/ canceled cheque for the latest 3 months
  • Nominee details

Frequently Asked Questions