WhiteOak Capital Arbitrage Fund

WhiteOak Capital Mutual FundHybridPortfolio as of 31 August 2026

WhiteOak Capital Arbitrage Fund holds 172 instruments (74.49% equity), led by Vodafone Idea Limited (4.61%), HDFC Bank Limited (3.34%) and Reliance Industries Limited (3.32%), as of its 31 August 2026 SEBI-mandated monthly disclosure.

Holdings

172

Equity Allocation

74.49%

AMC

WhiteOak Capital Mutual Fund

Portfolio Analysis

WhiteOak Capital Arbitrage Fund's top 10 holdings account for 24.32% of its portfolio, more diversified than the Hybrid category average of 27.4%. Financial Services is its largest sector exposure at 24.07% of net assets, spread across 12 sectors in total. Since its 31 July 2026 disclosure, the fund added 23 new positions and exited 19 positions, with UltraTech Cement Limited seeing the largest move (+1.53pp to 1.72%).

Sector Breakdown

Equity holdings grouped by sector, % to NAV. "Other" covers debt, cash and other non-equity instruments, plus any equity holding without a classified sector.

Other

25.51%

Financial Services

24.07%

Consumer Discretionary

8.94%

Materials

8.18%

Telecommunication

7.51%

Information Technology

6.84%

Energy

5.91%

Industrials

4.23%

Healthcare

3.24%

Utilities

2.03%

Consumer Staples

1.61%

Real Estate

0.97%

Services

0.96%

Top 10 Equity Holdings

Vodafone Idea Limited · 4.61%HDFC Bank Limited · 3.34%Reliance Industries Limited · 3.32%Bharti Airtel Limited · 2.76%Axis Bank Limited · 2.62%UltraTech Cement Limited · 1.72%NTPC Limited · 1.61%Maruti Suzuki India Limited · 1.5%Infosys Limited · 1.46%TVS Motor Company Limited · 1.38%

What Changed: July 2026 → August 2026

Equity holdings compared between the fund's two latest monthly disclosures. Weights are % to NAV; weight moves can also reflect price changes, not only buying or selling.

23 new entries19 exits10 increased10 reduced

New Entries

Complete Exits

Dr. Reddy's Laboratories Limited · was 0.46%Hyundai Motor India Limited · was 0.37%Petronet LNG Limited · was 0.26%Kaynes Technology India Limited · was 0.26%Tata Elxsi Limited · was 0.25%LTM Limited · was 0.23%Tata Motors Passenger Vehicles Limited · was 0.18%KEI Industries Limited · was 0.17%Bajaj Holdings & Investment Limited · was 0.14%NBCC (India) Limited · was 0.11%REC Limited · was 0.09%360 ONE WAM LIMITED · was 0.08%FSN E-Commerce Ventures Limited · was 0.08%PI Industries Limited · was 0.07%Dalmia Bharat Limited · was 0.06%Indian Railway Finance Corporation Limited · was 0.05%NHPC Limited · was 0.04%Laurus Labs Limited · was 0.02%Blue Star Limited · was 0%

Biggest Weight Increases

Stock	Weight	Change
UltraTech Cement Limited	0.19% → 1.72%	▲ +1.53
HDFC Bank Limited	2.12% → 3.34%	▲ +1.22
Reliance Industries Limited	2.63% → 3.32%	▲ +0.69
LIC Housing Finance Limited	0.02% → 0.64%	▲ +0.62
Multi Commodity Exchange of India Limited	0.25% → 0.83%	▲ +0.58
APL Apollo Tubes Limited	0.15% → 0.66%	▲ +0.51
Tata Consultancy Services Limited	0.86% → 1.3%	▲ +0.44
Oil & Natural Gas Corporation Limited	0.15% → 0.56%	▲ +0.41
SBI Cards and Payment Services Limited	0.08% → 0.49%	▲ +0.41
Vedanta Limited	0.26% → 0.65%	▲ +0.39

Biggest Weight Reductions

Stock	Weight	Change
Hindalco Industries Limited	2.03% → 1.33%	▼ -0.7
ETERNAL LIMITED	0.75% → 0.09%	▼ -0.66
Power Finance Corporation Limited	0.66% → 0.22%	▼ -0.44
KPIT Technologies Limited	1.62% → 1.23%	▼ -0.39
Adani Enterprises Limited	1.5% → 1.11%	▼ -0.39
Hero MotoCorp Limited	0.47% → 0.11%	▼ -0.36
Hindustan Unilever Limited	0.45% → 0.1%	▼ -0.35
TVS Motor Company Limited	1.73% → 1.38%	▼ -0.35
Grasim Industries Limited	0.58% → 0.25%	▼ -0.33
BSE Limited	0.9% → 0.59%	▼ -0.31

Top Holdings — Weight Trend

% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Mar – Aug 2026).

Vodafone Idea Limited

4.61%

HDFC Bank Limited

3.34%

Reliance Industries Limited

3.32%

Bharti Airtel Limited

2.76%

Axis Bank Limited

2.62%

Full Portfolio (172 holdings)

#	Holding	Sector	% to NAV
1	Clearing Corporation of India Ltdother	—	6.06%
2	WhiteOak Capital Liquid Fund- Direct plan-Growth Optionmf	—	5.44%
3	Vodafone Idea Limited	Telecommunication	4.61%
4	HDFC Bank Limited	Financial Services	3.34%
5	Reliance Industries Limited	Energy	3.32%
6	Bharti Airtel Limited	Telecommunication	2.76%
7	WhiteOak Capital Ultra Short Duration Fund- Direct plan-Growth Optionmf	—	2.64%
8	Axis Bank Limited	Financial Services	2.62%
9	UltraTech Cement Limited	Materials	1.72%
10	NTPC Limited	Utilities	1.61%
11	Maruti Suzuki India Limited	Consumer Discretionary	1.5%
12	Infosys Limited	Information Technology	1.46%
13	TVS Motor Company Limited	Consumer Discretionary	1.38%
14	The Federal Bank Limited	Financial Services	1.38%
15	Hindalco Industries Limited	Materials	1.33%
16	Tata Consultancy Services Limited	Information Technology	1.3%
17	KPIT Technologies Limited	Information Technology	1.23%
18	Steel Authority of India Limited	Materials	1.13%
19	Adani Enterprises Limited	Materials	1.11%
20	CANARA BANK CD REDbond	—	1.11%
21	Coforge Limited	Information Technology	1.09%
22	ICICI Bank Limited	Financial Services	1.09%
23	CD - INDIAN BANK LTDbond	—	1.09%
24	Small Industries Development Bank of Indiabond	—	1.08%
25	Punjab National Bank (MD )bond	—	1.08%
26	Kotak Mahindra Bank Limitedbond	—	1.07%
27	Punjab National Bankbond	—	1.07%
28	Muthoot Finance Limited	Financial Services	0.97%
29	Voltas Limited	Consumer Discretionary	0.95%
30	Bharat Forge Limited	Consumer Discretionary	0.91%
31	InterGlobe Aviation Limited	Services	0.89%
32	Coal India Limited	Energy	0.88%
33	182 Days Tbill (MD )tbill	—	0.86%
34	Multi Commodity Exchange of India Limited	Financial Services	0.83%
35	SBI Life Insurance Company Limited	Financial Services	0.81%
36	Alkem Laboratories Limited	Healthcare	0.73%
37	AU Small Finance Bank Limited	Financial Services	0.72%
38	Max Financial Services Limited	Financial Services	0.7%
39	HDFC Life Insurance Company Limited	Financial Services	0.68%
40	Cholamandalam Investment and Finance Company Limited	Financial Services	0.67%
41	Angel One Limited	Financial Services	0.66%
42	APL Apollo Tubes Limited	Industrials	0.66%
43	Vedanta Limited	Materials	0.65%
44	LIC Housing Finance Limited	Financial Services	0.64%
45	Canara Bank	Financial Services	0.63%
46	State Bank of India	Financial Services	0.6%
47	BSE Limited	Financial Services	0.59%
48	Lupin Limited	Healthcare	0.59%
49	Bajaj Finance Limited	Financial Services	0.58%
50	IDFC First Bank Limited	Financial Services	0.58%
51	Oil & Natural Gas Corporation Limited	Energy	0.56%
52	Eicher Motors Limited	Consumer Discretionary	0.56%
53	JINDAL STEEL LIMITED	Materials	0.55%
54	National Aluminium Company Limited	Materials	0.55%
55	Kotak Mahindra Bank Limited	Financial Services	0.53%
56	HCL Technologies Limited	Information Technology	0.53%
57	Ashok Leyland Limited	Industrials	0.51%
58	SBI Cards and Payment Services Limited	Financial Services	0.49%
59	Titan Company Limited	Consumer Discretionary	0.47%
60	Jio Financial Services Limited	Financial Services	0.44%
61	91 Days Treasury Billtbill	—	0.44%
62	91 Days Treasury Billstbill	—	0.44%
63	182 Days Treasury Billtbill	—	0.44%
64	364 Days Treasury Billstbill	—	0.44%
65	364 Days Tbill (MD )tbill	—	0.44%
66	Central Depository Services (India) Limited	Financial Services	0.43%
67	Indian Oil Corporation Limited	Energy	0.43%
68	182 Days Treasury Billtbill	—	0.43%
69	182 Days Treasury Billbond	—	0.43%
70	182 Days Tbill (MD )tbill	—	0.43%
71	Indian Bank	Financial Services	0.42%
72	Power Grid Corporation of India Limited	Utilities	0.42%
73	Manappuram Finance Limited	Financial Services	0.41%
74	Sun Pharmaceutical Industries Limited	Healthcare	0.41%
75	Mankind Pharma Limited	Healthcare	0.41%
76	Hindustan Zinc Limited	Materials	0.39%
77	Polycab India Limited	Industrials	0.39%
78	PG Electroplast Limited	Consumer Discretionary	0.38%
79	ICICI Lombard General Insurance Company Limited	Financial Services	0.37%
80	Divi's Laboratories Limited	Healthcare	0.37%
81	PB Fintech Limited	Financial Services	0.36%
82	Oberoi Realty Limited	Real Estate	0.35%
83	Radico Khaitan Limited	Consumer Staples	0.35%
84	Tech Mahindra Limited	Information Technology	0.35%
85	Cochin Shipyard Limited	Industrials	0.35%
86	182 Days Tbill (MD )tbill	—	0.35%
87	Cummins India Limited	Industrials	0.34%
88	Rail Vikas Nigam Limited	Industrials	0.33%
89	Hitachi Energy India Limited	Industrials	0.33%
90	Mahindra & Mahindra Limited	Consumer Discretionary	0.33%
91	MphasiS Limited	Information Technology	0.32%
92	Fortis Healthcare Limited	Healthcare	0.31%
93	Bajaj Finserv Limited	Financial Services	0.31%
94	364 Days Treasury Billstbill	—	0.31%
95	Colgate Palmolive (India) Limited	Consumer Staples	0.29%
96	RBL Bank Limited	Financial Services	0.29%
97	Bharat Petroleum Corporation Limited	Energy	0.29%
98	Info Edge (India) Limited	Consumer Discretionary	0.29%
99	Hindustan Petroleum Corporation Limited	Energy	0.28%
100	Amber Enterprises India Limited	Consumer Discretionary	0.28%
101	UNO Minda Limited	Consumer Discretionary	0.28%
102	Page Industries Limited	Consumer Discretionary	0.28%
103	Motilal Oswal Financial Services Limited	Financial Services	0.27%
104	FORCE MOTORS LTD	Consumer Discretionary	0.26%
105	Grasim Industries Limited	Materials	0.25%
106	NMDC Limited	Materials	0.24%
107	ITC Limited	Consumer Staples	0.24%
108	Persistent Systems Limited	Information Technology	0.23%
109	Mazagon Dock Shipbuilders Limited	Industrials	0.23%
110	Premier Energies Limited	Industrials	0.23%
111	Power Finance Corporation Limited	Financial Services	0.22%
112	DLF Limited	Real Estate	0.22%
113	Larsen & Toubro Limited	Industrials	0.22%
114	Crompton Greaves Consumer Electricals Limited	Consumer Discretionary	0.22%
115	364 Days Tbill (MD )tbill	—	0.22%
116	182 Days Treasury Billstbill	—	0.22%
117	182 Days Tbill (MD )tbill	—	0.22%
118	182 Days Tbill (MD )tbill	—	0.22%
119	364 Days Treasury Billstbill	—	0.22%
120	182 Days Tbill (MD )tbill	—	0.22%
121	The Phoenix Mills Limited	Real Estate	0.21%
122	GE Vernova T&D India Limited	Industrials	0.21%
123	L&T Finance Limited	Financial Services	0.21%
124	Union Bank of India	Financial Services	0.2%
125	SRF Limited	Materials	0.2%
126	Nippon Life India Asset Management Limited	Financial Services	0.2%
127	Prestige Estates Projects Limited	Real Estate	0.19%
128	Kalyan Jewellers India Limited	Consumer Discretionary	0.19%
129	SAGILITY LIMITED	Information Technology	0.19%
130	Computer Age Management Services Limited	Financial Services	0.18%
131	Sona BLW Precision Forgings Limited	Consumer Discretionary	0.17%
132	Bank of Maharashtra	Financial Services	0.17%
133	Varun Beverages Limited	Consumer Staples	0.17%
134	Astral Limited	Industrials	0.15%
135	TATA CONSUMER PRODUCTS LIMITED	Consumer Staples	0.15%
136	HDFC Asset Management Company Limited	Financial Services	0.15%
137	Oil India Limited	Energy	0.15%
138	364 Days Treasury Billstbill	—	0.15%
139	Oracle Financial Services Software Limited	Information Technology	0.14%
140	Indus Towers Limited	Telecommunication	0.14%
141	Torrent Pharmaceuticals Limited	Healthcare	0.14%
142	Inox Wind Limited	Industrials	0.13%
143	Kfin Technologies Limited	Financial Services	0.13%
144	Godfrey Phillips India Limited	Consumer Staples	0.13%
145	Bharat Electronics Limited	Industrials	0.13%
146	Hero MotoCorp Limited	Consumer Discretionary	0.11%
147	Aurobindo Pharma Limited	Healthcare	0.1%
148	Tube Investments of India Limited	Consumer Discretionary	0.1%
149	Max Healthcare Institute Limited	Healthcare	0.1%
150	Hindustan Unilever Limited	Consumer Staples	0.1%
151	ETERNAL LIMITED	Consumer Discretionary	0.09%
152	Nestle India Limited	Consumer Staples	0.09%
153	Trent Limited	Consumer Discretionary	0.09%
154	Bank of Baroda	Financial Services	0.08%
155	Biocon Limited	Healthcare	0.08%
156	Dabur India Limited	Consumer Staples	0.08%
157	91 Days Treasury Billstbill	—	0.08%
158	Life Insurance Corporation Of India	Financial Services	0.07%
159	Container Corporation of India Limited	Services	0.07%
160	Swiggy Limited	Consumer Discretionary	0.06%
161	SHREE CEMENT LIMITED	Materials	0.06%
162	Shriram Finance Limited	Financial Services	0.03%
163	Bosch Limited	Consumer Discretionary	0.03%
164	Bank of India	Financial Services	0.02%
165	Supreme Industries Limited	Industrials	0.02%
166	91 Days Treasury Billtbill	—	0.02%
167	Marico Limited	Consumer Staples	0.01%
168	Vishal Mega Mart Limited	Consumer Discretionary	0.01%
169	Apollo Hospitals Enterprise Limited	Healthcare	0%
170	Cipla Limited	Healthcare	0%
171	Wipro Limited	Information Technology	0%
172	Net Receivables / (Payables)other	—	-1.71%

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Frequently Asked Questions

Yes. As of its 31 August 2026 disclosure, Vodafone Idea Limited is 4.61% of WhiteOak Capital Arbitrage Fund's net assets — its number 1 holding.

Yes. As of its 31 August 2026 disclosure, HDFC Bank Limited is 3.34% of WhiteOak Capital Arbitrage Fund's net assets — its number 2 holding.

Yes. As of its 31 August 2026 disclosure, Reliance Industries Limited is 3.32% of WhiteOak Capital Arbitrage Fund's net assets — its number 3 holding.

Yes. As of its 31 August 2026 disclosure, Bharti Airtel Limited is 2.76% of WhiteOak Capital Arbitrage Fund's net assets — its number 4 holding.

Yes. As of its 31 August 2026 disclosure, Axis Bank Limited is 2.62% of WhiteOak Capital Arbitrage Fund's net assets — its number 5 holding.

New to reading these? See How to Read a Mutual Fund's Monthly Portfolio Disclosure, or check terms like % to NAV in the glossary.

Source: WhiteOak Capital Mutual Fund's SEBI-mandated monthly portfolio disclosure, dated 31 August 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.