WhiteOak Capital Arbitrage Fund

WhiteOak Capital Mutual FundHybridPortfolio as of 31 July 2026

WhiteOak Capital Arbitrage Fund holds 175 instruments (70.32% equity), led by Vodafone Idea Limited (4.71%), Bharti Airtel Limited (2.98%) and Reliance Industries Limited (2.63%), as of its 31 July 2026 SEBI-mandated monthly disclosure.

Holdings

175

Equity Allocation

70.32%

AMC

WhiteOak Capital Mutual Fund

Portfolio Analysis

WhiteOak Capital Arbitrage Fund's top 10 holdings account for 22.94% of its portfolio, more diversified than the Hybrid category average of 28.9%. Financial Services is its largest sector exposure at 21.2% of net assets, spread across 12 sectors in total. Since its 30 June 2026 disclosure, the fund added 25 new positions and exited 23 positions, with HDFC Bank Limited seeing the largest move (-2.19pp to 2.12%).

Top 10 Equity Holdings

Vodafone Idea Limited · 4.71%Bharti Airtel Limited · 2.98%Reliance Industries Limited · 2.63%Axis Bank Limited · 2.33%HDFC Bank Limited · 2.12%Hindalco Industries Limited · 2.03%TVS Motor Company Limited · 1.73%KPIT Technologies Limited · 1.62%Adani Enterprises Limited · 1.5%NTPC Limited · 1.29%

What Changed: June 2026 → July 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.

25 new entries23 exits10 increased10 reduced

New Entries

Complete Exits

Maruti Suzuki India Limited · was 1.58%Mankind Pharma Limited · was 0.63%Avenue Supermarts Limited · was 0.6%IndusInd Bank Limited · was 0.54%Nippon Life India Asset Management Limited · was 0.38%Swiggy Limited · was 0.36%Kfin Technologies Limited · was 0.3%Shriram Finance Limited · was 0.29%Bharat Heavy Electricals Limited · was 0.27%Titan Company Limited · was 0.17%MphasiS Limited · was 0.09%Dixon Technologies (India) Limited · was 0.08%Havells India Limited · was 0.08%GAIL (India) Limited · was 0.07%One 97 Communications Limited · was 0.07%Bosch Limited · was 0.06%SHREE CEMENT LIMITED · was 0.05%ICICI Prudential Life Insurance Company Limited · was 0.05%HDFC Asset Management Company Limited · was 0.04%Mazagon Dock Shipbuilders Limited · was 0.02%Aurobindo Pharma Limited · was 0.01%JSW Steel Limited · was 0.01%Jubilant Foodworks Limited · was 0%

Biggest Weight Increases

Stock	Weight	Change
Adani Enterprises Limited	0.31% → 1.5%	▲ +1.19
The Federal Bank Limited	0.56% → 1.29%	▲ +0.73
Bharti Airtel Limited	2.3% → 2.98%	▲ +0.68
State Bank of India	0.13% → 0.8%	▲ +0.67
Coal India Limited	0.22% → 0.7%	▲ +0.48
Voltas Limited	0.83% → 1.24%	▲ +0.41
Persistent Systems Limited	0.07% → 0.45%	▲ +0.38
Fortis Healthcare Limited	0.02% → 0.29%	▲ +0.27
National Aluminium Company Limited	0.43% → 0.7%	▲ +0.27
Axis Bank Limited	2.07% → 2.33%	▲ +0.26

Biggest Weight Reductions

Stock	Weight	Change
HDFC Bank Limited	4.31% → 2.12%	▼ -2.19
Reliance Industries Limited	4.31% → 2.63%	▼ -1.68
InterGlobe Aviation Limited	2.03% → 0.91%	▼ -1.12
NTPC Limited	2.25% → 1.29%	▼ -0.96
Vodafone Idea Limited	5.55% → 4.71%	▼ -0.84
Bajaj Finance Limited	1.23% → 0.48%	▼ -0.75
ICICI Lombard General Insurance Company Limited	0.78% → 0.07%	▼ -0.71
Mahindra & Mahindra Limited	0.84% → 0.14%	▼ -0.7
Computer Age Management Services Limited	0.76% → 0.09%	▼ -0.67
Angel One Limited	1.17% → 0.52%	▼ -0.65

Top Holdings — Weight Trend

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

Vodafone Idea Limited

4.71%

Bharti Airtel Limited

2.98%

Reliance Industries Limited

2.63%

Axis Bank Limited

2.33%

HDFC Bank Limited

2.12%

Full Portfolio (175 holdings)

#	Holding	Sector	% to NAV
1	WhiteOak Capital Liquid Fund- Direct plan-Growth Optionmf	—	4.86%
2	Vodafone Idea Limited	Telecommunication	4.71%
3	WhiteOak Capital Ultra Short Duration Fund- Direct plan-Growth Optionmf	—	4.22%
4	Clearing Corporation of India Ltdother	—	3.26%
5	Bharti Airtel Limited	Telecommunication	2.98%
6	Reliance Industries Limited	Energy	2.63%
7	Axis Bank Limited	Financial Services	2.33%
8	HDFC Bank Limited	Financial Services	2.12%
9	Hindalco Industries Limited	Materials	2.03%
10	TVS Motor Company Limited	Consumer Discretionary	1.73%
11	KPIT Technologies Limited	Information Technology	1.62%
12	Adani Enterprises Limited	Materials	1.5%
13	NTPC Limited	Utilities	1.29%
14	The Federal Bank Limited	Financial Services	1.29%
15	Voltas Limited	Consumer Discretionary	1.24%
16	Canara Bankbond	—	1.24%
17	Infosys Limited	Information Technology	1.23%
18	Canara Bank (MD )bond	—	1.22%
19	CD - INDIAN BANK LTDbond	—	1.22%
20	Bank of Barodabond	—	1.22%
21	HDFC Bank Limitedbond	—	1.22%
22	Axis Bank Limitedbond	—	1.22%
23	Small Industries Development Bank of Indiabond	—	1.21%
24	Kotak Mahindra Bank Limitedbond	—	1.2%
25	Punjab National Bankbond	—	1.2%
26	Muthoot Finance Limited	Financial Services	1.15%
27	SBI Life Insurance Company Limited	Financial Services	1.07%
28	Coforge Limited	Information Technology	1.04%
29	Bharat Forge Limited	Consumer Discretionary	1.02%
30	InterGlobe Aviation Limited	Services	0.91%
31	AU Small Finance Bank Limited	Financial Services	0.91%
32	BSE Limited	Financial Services	0.9%
33	Tata Consultancy Services Limited	Information Technology	0.86%
34	ICICI Bank Limited	Financial Services	0.81%
35	Ashok Leyland Limited	Industrials	0.8%
36	State Bank of India	Financial Services	0.8%
37	Kotak Mahindra Bank Limited	Financial Services	0.77%
38	Steel Authority of India Limited	Materials	0.77%
39	ETERNAL LIMITED	Consumer Discretionary	0.75%
40	Lupin Limited	Healthcare	0.73%
41	HDFC Life Insurance Company Limited	Financial Services	0.71%
42	National Aluminium Company Limited	Materials	0.7%
43	Coal India Limited	Energy	0.7%
44	Canara Bank	Financial Services	0.7%
45	Cholamandalam Investment and Finance Company Limited	Financial Services	0.69%
46	Jio Financial Services Limited	Financial Services	0.67%
47	Power Finance Corporation Limited	Financial Services	0.66%
48	Divi's Laboratories Limited	Healthcare	0.65%
49	IDFC First Bank Limited	Financial Services	0.65%
50	Eicher Motors Limited	Consumer Discretionary	0.63%
51	Max Financial Services Limited	Financial Services	0.62%
52	Grasim Industries Limited	Materials	0.58%
53	Angel One Limited	Financial Services	0.52%
54	Alkem Laboratories Limited	Healthcare	0.52%
55	Hindustan Zinc Limited	Materials	0.52%
56	91 Days Treasury Billtbill	—	0.5%
57	91 DAYS T-BILL - 20AUG2026tbill	—	0.5%
58	91 Days Treasury Billtbill	—	0.5%
59	91 Days Treasury Billstbill	—	0.5%
60	182 Days Treasury Billtbill	—	0.49%
61	364 Days Tbill (MD )tbill	—	0.49%
62	364 Days Tbill (MD )tbill	—	0.49%
63	182 Days Tbill (MD )tbill	—	0.49%
64	182 Days Tbill (MD )bond	—	0.49%
65	Bajaj Finance Limited	Financial Services	0.48%
66	Indian Oil Corporation Limited	Energy	0.48%
67	Larsen & Toubro Limited	Industrials	0.47%
68	Hero MotoCorp Limited	Consumer Discretionary	0.47%
69	Dr. Reddy's Laboratories Limited	Healthcare	0.46%
70	Persistent Systems Limited	Information Technology	0.45%
71	Hindustan Unilever Limited	Consumer Staples	0.45%
72	RBL Bank Limited	Financial Services	0.44%
73	Polycab India Limited	Industrials	0.42%
74	Cummins India Limited	Industrials	0.41%
75	NMDC Limited	Materials	0.41%
76	Indian Bank	Financial Services	0.39%
77	PG Electroplast Limited	Consumer Discretionary	0.37%
78	Hyundai Motor India Limited	Consumer Discretionary	0.37%
79	Radico Khaitan Limited	Consumer Staples	0.36%
80	FORCE MOTORS LTD	Consumer Discretionary	0.35%
81	PB Fintech Limited	Financial Services	0.35%
82	HCL Technologies Limited	Information Technology	0.35%
83	Motilal Oswal Financial Services Limited	Financial Services	0.34%
84	Page Industries Limited	Consumer Discretionary	0.34%
85	Colgate Palmolive (India) Limited	Consumer Staples	0.33%
86	Hitachi Energy India Limited	Industrials	0.33%
87	Bharat Petroleum Corporation Limited	Energy	0.33%
88	JINDAL STEEL LIMITED	Materials	0.32%
89	Rail Vikas Nigam Limited	Industrials	0.32%
90	Central Depository Services (India) Limited	Financial Services	0.32%
91	Oberoi Realty Limited	Real Estate	0.31%
92	Info Edge (India) Limited	Consumer Discretionary	0.3%
93	ITC Limited	Consumer Staples	0.3%
94	Fortis Healthcare Limited	Healthcare	0.29%
95	Hindustan Petroleum Corporation Limited	Energy	0.28%
96	Crompton Greaves Consumer Electricals Limited	Consumer Discretionary	0.27%
97	Container Corporation of India Limited	Services	0.27%
98	Premier Energies Limited	Industrials	0.27%
99	Vedanta Limited	Materials	0.26%
100	Kaynes Technology India Limited	Industrials	0.26%
101	Power Grid Corporation of India Limited	Utilities	0.26%
102	Petronet LNG Limited	Utilities	0.26%
103	Amber Enterprises India Limited	Consumer Discretionary	0.26%
104	Tata Elxsi Limited	Information Technology	0.25%
105	Multi Commodity Exchange of India Limited	Financial Services	0.25%
106	Axis Bank Limitedbond	—	0.25%
107	91 Days Treasury Billstbill	—	0.25%
108	182 Days Tbill (MD )tbill	—	0.25%
109	364 Days Treasury Billstbill	—	0.25%
110	182 Days Tbill (MD )tbill	—	0.25%
111	182 Days Treasury Billstbill	—	0.25%
112	182 Days Treasury Billstbill	—	0.25%
113	364 Days Tbill (MD )tbill	—	0.25%
114	182 Days Tbill (MD )tbill	—	0.25%
115	182 Days Tbill (MD )tbill	—	0.25%
116	364 Days Treasury Billstbill	—	0.25%
117	364 Days Tbill (MD )tbill	—	0.25%
118	DLF Limited	Real Estate	0.24%
119	SRF Limited	Materials	0.23%
120	GE Vernova T&D India Limited	Industrials	0.23%
121	Sun Pharmaceutical Industries Limited	Healthcare	0.23%
122	Bajaj Finserv Limited	Financial Services	0.23%
123	LTM Limited	Information Technology	0.23%
124	Oil India Limited	Energy	0.23%
125	Union Bank of India	Financial Services	0.21%
126	Cochin Shipyard Limited	Industrials	0.2%
127	Varun Beverages Limited	Consumer Staples	0.19%
128	Godfrey Phillips India Limited	Consumer Staples	0.19%
129	UltraTech Cement Limited	Materials	0.19%
130	TATA CONSUMER PRODUCTS LIMITED	Consumer Staples	0.18%
131	Tata Motors Passenger Vehicles Limited	Consumer Discretionary	0.18%
132	Inox Wind Limited	Industrials	0.17%
133	KEI Industries Limited	Industrials	0.17%
134	Torrent Pharmaceuticals Limited	Healthcare	0.16%
135	Apollo Hospitals Enterprise Limited	Healthcare	0.16%
136	Indus Towers Limited	Telecommunication	0.16%
137	364 Days Treasury Billstbill	—	0.16%
138	UNO Minda Limited	Consumer Discretionary	0.15%
139	APL Apollo Tubes Limited	Industrials	0.15%
140	Wipro Limited	Information Technology	0.15%
141	Oil & Natural Gas Corporation Limited	Energy	0.15%
142	Bajaj Holdings & Investment Limited	Financial Services	0.14%
143	Mahindra & Mahindra Limited	Consumer Discretionary	0.14%
144	Manappuram Finance Limited	Financial Services	0.13%
145	Tube Investments of India Limited	Consumer Discretionary	0.11%
146	NBCC (India) Limited	Industrials	0.11%
147	Dabur India Limited	Consumer Staples	0.1%
148	Vishal Mega Mart Limited	Consumer Discretionary	0.1%
149	Bharat Electronics Limited	Industrials	0.1%
150	Oracle Financial Services Software Limited	Information Technology	0.1%
151	The Phoenix Mills Limited	Real Estate	0.09%
152	Computer Age Management Services Limited	Financial Services	0.09%
153	Cipla Limited	Healthcare	0.09%
154	REC Limited	Financial Services	0.09%
155	Prestige Estates Projects Limited	Real Estate	0.09%
156	FSN E-Commerce Ventures Limited	Consumer Discretionary	0.08%
157	SBI Cards and Payment Services Limited	Financial Services	0.08%
158	360 ONE WAM LIMITED	Financial Services	0.08%
159	91 Days Treasury Billstbill	—	0.08%
160	PI Industries Limited	Materials	0.07%
161	Trent Limited	Consumer Discretionary	0.07%
162	ICICI Lombard General Insurance Company Limited	Financial Services	0.07%
163	Dalmia Bharat Limited	Materials	0.06%
164	L&T Finance Limited	Financial Services	0.05%
165	Indian Railway Finance Corporation Limited	Financial Services	0.05%
166	NHPC Limited	Utilities	0.04%
167	Bank of India	Financial Services	0.02%
168	Nestle India Limited	Consumer Staples	0.02%
169	LIC Housing Finance Limited	Financial Services	0.02%
170	Laurus Labs Limited	Healthcare	0.02%
171	Supreme Industries Limited	Industrials	0.02%
172	91 Days Treasury Billtbill	—	0.02%
173	Tech Mahindra Limited	Information Technology	0%
174	Blue Star Limited	Consumer Discretionary	0%
175	Net Receivables / (Payables)other	—	-1.32%

Frequently Asked Questions

Yes. As of its 31 July 2026 disclosure, Vodafone Idea Limited is 4.71% of WhiteOak Capital Arbitrage Fund's net assets — its number 1 holding.

Yes. As of its 31 July 2026 disclosure, Bharti Airtel Limited is 2.98% of WhiteOak Capital Arbitrage Fund's net assets — its number 2 holding.

Yes. As of its 31 July 2026 disclosure, Reliance Industries Limited is 2.63% of WhiteOak Capital Arbitrage Fund's net assets — its number 3 holding.

Yes. As of its 31 July 2026 disclosure, Axis Bank Limited is 2.33% of WhiteOak Capital Arbitrage Fund's net assets — its number 4 holding.

Yes. As of its 31 July 2026 disclosure, HDFC Bank Limited is 2.12% 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 July 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.