COMPARE
SBI Multicap Fund- Direct Plan- Growth option vs WhiteOak Capital Multi Cap Fund Direct Plan Growth
SBI Multicap Fund- and WhiteOak Capital Multi Cap Fund are both in the Multi Cap Fund category, from SBI Funds Management Limited and WhiteOak Capital Asset Management Limited respectively. SBI Multicap Fund- has posted a higher 3-year rolling CAGR. WhiteOak Capital Multi Cap Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
WhiteOak Capital Multi Cap Fund has the lower direct-plan expense ratio, by 0.20 percentage points.
| SBI Multicap Fund- Direct Plan- Growth option | WhiteOak Capital Multi Cap Fund Direct Plan Growth | |
|---|---|---|
| Category | Multi Cap Fund | Multi Cap Fund |
| AMC | SBI Funds Management Limited | WhiteOak Capital Asset Management Limited |
| Benchmark | Nifty500 Multicap 50:25:25 TRI | Nifty500 Multicap 50:25:25 TRI |
| NAV | ₹16.8166 (2026-10-28) | ₹16.064 (2026-10-28) |
| AUM | ₹22,306.805 Cr | ₹4,302.28 Cr |
| Expense Ratio (Direct) | 1.09% | 0.89% |
| Inception | 2022-02-14 | 2023-08-31 |
Returns
SBI Multicap Fund- leads on 3-year rolling CAGR (17.4% vs WhiteOak Capital Multi Cap Fund's 17.3%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
WhiteOak Capital Multi Cap Fund has been the more volatile of the two by standard deviation.
| SBI Multicap Fund- Direct Plan- Growth option | WhiteOak Capital Multi Cap Fund Direct Plan Growth | |
|---|---|---|
| 3Y Sharpe Ratio | 0.17 | 0.58 |
| 3Y Alpha | 0.317% | 6.1645% |
| 3Y Std Deviation | 12.9279% | 14.4381% |
| 3Y Calmar Ratio | 0.61 | 0.91 |
Portfolio Analytics
SBI Multicap Fund- carries the higher portfolio YTM.
| SBI Multicap Fund- Direct Plan- Growth option | WhiteOak Capital Multi Cap Fund Direct Plan Growth | |
|---|---|---|
| P/E Ratio | 32.8838 | 27.4394 |
| P/B Ratio | 6.656 | - |
| Dividend Yield | 0.5825% | 0.7966% |
| Active Share | 78.07% | 62.79% |
| Portfolio Turnover | - | 171% |
| YTM | 5.3459% | 5.3068% |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
WhiteOak Capital Multi Cap Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, SBI Multicap Fund- or WhiteOak Capital Multi Cap Fund?
SBI Multicap Fund-'s 3-year rolling CAGR of 17.4% is higher than WhiteOak Capital Multi Cap Fund's 17.3%. SBI Multicap Fund- sits in the 32nd percentile of its category on this metric, versus the 27th percentile for WhiteOak Capital Multi Cap Fund - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, SBI Multicap Fund- or WhiteOak Capital Multi Cap Fund?
WhiteOak Capital Multi Cap Fund's direct-plan expense ratio is 0.20 percentage points lower than SBI Multicap Fund-'s. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Which fund carries more risk, SBI Multicap Fund- or WhiteOak Capital Multi Cap Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), WhiteOak Capital Multi Cap Fund has been more volatile than SBI Multicap Fund- over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (0.17 for SBI Multicap Fund- vs 0.58 for WhiteOak Capital Multi Cap Fund) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, SBI Multicap Fund- or WhiteOak Capital Multi Cap Fund?
SBI Multicap Fund- has ₹22,307 Cr in assets under management, versus ₹4,302 Cr for WhiteOak Capital Multi Cap Fund. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which has a higher yield to maturity (YTM), SBI Multicap Fund- or WhiteOak Capital Multi Cap Fund?
SBI Multicap Fund-'s portfolio YTM (5.3459%) is higher than WhiteOak Capital Multi Cap Fund's. YTM is the weighted-average return a debt fund's current bond holdings would earn if held to maturity, assuming no defaults and coupons reinvested at the same rate - a useful forward-looking yield estimate for debt funds the way rolling CAGR is for equity funds, though it's an estimate based on today's portfolio, not a guaranteed return, and can move as bonds are bought/sold or as interest rates change.
Which fund has a longer track record, SBI Multicap Fund- or WhiteOak Capital Multi Cap Fund?
SBI Multicap Fund- launched on 2022-02-14, making it older than WhiteOak Capital Multi Cap Fund (launched 2023-08-31). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.