White Oak India Pioneers Equity Portfolio is a long-only balanced investment approach of select companies agnostic to benchmark S&P BSE 500, which seeks to generate alpha through bottom-up stock selection, based on intensive fundamental research and a proprietary rigorous analytical framework.


Investment Objective and Strategy

The objective of the strategy is to achieve long term capital appreciation by primarily investing in ‘listed securities’ in India. The investment strategy is long only with a bottom-up stock selection approach. The investment philosophy is, that outsized returns are earned over time by investing in great businesses at attractive values. A great business, in our view, is one that is well managed, scalable, and generates superior returns on incremental capital. Valuation is attractive when the current market price is at a substantial discount to intrinsic value.


Terms at a Glance
Benchmark
S&P BSE 500 TR
Inception
Date
April 9, 2019
Investment
Approach
Bottom-up
Investment
Style
Style Agnostic
Market Cap
All Cap
Estimated
Holdings
40 – 60
Investment
Horizon
Medium to Long Term

Portfolio Performance

Our investment team has a strong performance-first culture with an objective of generating sustained capital appreciation through strong returns over time.

Performance as on: February 28th, 2023

Performance (%)1-9 Feb 2023 2023 YTD 2022 2021 2020 Part 2019 Inception Absolute Inception CAGR
Portfolio -2.5 -5.7 -6.6 34.4 34.9 6.7 70.6 14.7
S&P BSE 500 TRI -2.7 -6.0 4.8 31.6 18.4 3.5 59.0 12.6
Outperformance (bps) +25 +31 -1137 +281 +1651 +320 +1161 +206
Other Indices
S&P BSE 100 LargeCap -3.0 -6.5 5.5 26.9 16.6 5.4 53.7 11.7
S&P BSE 150 MidCap -1.7 -3.7 3.6 48.6 26.3 -0.3 86.7 17.4
S&P BSE 250 SmallCap -2.7 -4.8 -1.0 59.1 27.9 -11.2 70.4 14.7

Market Cap Attribution Since Inception (%)11

Performance is calculated basis time weighted rate of return method net of all fees and expenses; Individual client performance may differ. Past performance is not indicative of future results. Performance shown since April 9, 2019, as client monies were managed from this date. Performance related information provided herein is not verified by SEBI. All returns and % changes are in INR terms unless otherwise stated. Returns for 1 year and less than 1 year are absolute returns, while more than 1 year are CAGR

Sector Exposure

At White Oak Capital, the sectoral weights are an outcome of our bottom-up stock selection process.

GICS Sector Weights

14.3%
11
9.5%
82
Consumer Disc
13.4%
6
11.7%
34
Information Tech
30.9%
12
31.2%
79
Financials
10.9%
9
8.2%
80
Industrials
8.1%
8
9.6%
89
Materials
0.0%
9.0%
11
Energy
0.0%
3.8%
18
Utilities
10.1%
10
4.8%
46
Health Care
5.9%
2
8.8%
34
Consumer
Staples
2.0%
2
2.6%
16
Comm Services
1.2%
2
0.8%
12
Real Estate
Portfolio
S&P BSE 500

The number inside the bars denote the number of companies in each classification

Market cap classification

58.6%
24
78.4%
101
Large Cap
22.8%
18
14.2%
145
Mid Cap
15.5%
20
7.4%
255
Small Cap
Portfolio
S&P BSE 500

Classification as per Securities and Exchange Board of India (SEBI) guidelines for Mutual Funds. Additional information on the classification methodology is available upon request.

Sector-wise Attribution Since Inception (%)

Attribution analysis is an evaluation tool used to explain sources of excess returns from a fund manager’s active investment decisions against a benchmark.

Selection Effect : The selection effect measures the investment manager’s ability to select securities within a given sector relative to a benchmark. A positive selection effect occurs when the portfolio return from a particular sector is greater than the benchmark return from the same sector.

Allocation Effect : The allocation effect measures an investment manager’s ability to effectively allocate their portfolio’s assets to various sectors. The allocation effect determines whether the overweighting or underweighting of sectors relative to a benchmark contributes positively or negatively to the overall portfolio return



  Portfolio Benchmark Attribution
  Avg Wt Tot Return Avg Wt Tot Return Selection Effect Allocation Effect Top Return
Comm Services 2.3 40.8 2.8 36.2 -0.7 -0.6 -1.3
Cons Disc. 13.0 64.8 8.6 57.1 0.8 0.5 1.2
Cons Staples 7.8 40.3 8.8 54.6 -0.5 -1.3 -1.8
Energy 0.0 0.0 9.7 61.5 0.0 -0.6 -0.6
Financials 32.0 62.7 31.4 34.3 9.7 0.0 9.8
Health Care 11.3 123.7 5.4 60.9 7.5 7.1 14.7
Industrials 5.7 81.6 7.0 78.1 -0.5 -0.8 -1.3
Information Tech 16.0 153.5 12.3 100.1 9.6 1.7 11.2
Materials 8.5 104.5 9.6 95.2 -2.1 -0.4 -2.5
Real Estate 0.9 115.2 0.7 51.8 0.7 -0.4 0.4
Utilities 0.0 0.0 3.6 82.5 0.0 -1.2 -1.2
Cash/Fut/Other 2.5 0.0 0.0 0.0 - - -4.7
Total 100.0 82.8 100.0 59.0 24.5 -0.7 23.9

Factset’s Attribution Analysis: Based on GICS Classification and 2 Factor Brinson Attribution. Performance is gross of fees, taxes and expenses. Performance related information provided herein is not verified by SEBI

Excited to know about Investments, want to invest? Kindly share your details with us, WhiteOak Team member will connect with you.

Investments of INR 50 lakh and above are required
Investment of INR 1 crore and above are required

By entering your details, you hereby authorize WhiteOak Capital Management Ltd. to contact you, which will override any NDNC registration made by you.

Registered Office

Cnergy, B2/B3, 6th Floor, Appasaheb Marathe
Marg, Prabhadevi, Mumbai, Maharashtra 400025.

For Directly on-boarding with us for availing Portfolio Management Services, you can write to us at
For New Investments
[email protected]
For Existing Investments
PMS query – [email protected]
AIF query – [email protected]
For Grievances
[email protected]
Contact
Information

Cnergy, B2/B3, 6th Floor, Appasaheb Marathe
Marg, Prabhadevi, Mumbai, Maharashtra 400025.

Phone : +91-22- 62308100

For complaint/grievance
[email protected]
Information
Request