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: August 31, 2021

Cumulative Performance 3 Month 6 Month 1 Year 2 Year CAGR Inception CAGR
WO India Pioneers 13.3% 27.1% 66.0% 38.8% 30.1%
S&P BSE 500 TR 10.5% 20.4% 57.4% 29.1% 20.5%
Outperformance (bps) +279 +664 +864 +975 +953

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.

Sector Exposure

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

12.4%
10
7.7%
73
Consumer Disc
22.0%
7
14.2%
30
Information Tech
32.4%
11
30.6%
82
Financials
4.5%
5
7.0%
83
Industrials
9.1%
4
11.1%
92
Materials
0.0%
8.7%
12
Energy
0.0%
3.4%
19
Utilities
8.9%
8
5.9%
50
Health Care
7.0%
4
8.1%
32
Consumer
Staples
1.2%
2
2.6%
17
Comm Services
0.6%
1
0.7%
11
Real Estate
Portfolio
S&P BSE 500

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

Market cap classification
56.3%
22
79.0%
99
Large Cap
30.0%
17
14.4%
141
Mid Cap
11.9%
13
6.6%
261
Small Cap
Portfolio
S&P BSE 500
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 refers to the impact of the selection of specific stocks within a segment on the portfolio’s overall return. A positive selection effect occurs when the portfolio return from a particular segment is greater than the benchmark return from the same segment.

Allocation Effect : The allocation effect refers to the returns generated by allocating portfolio weights to specific segments, sectors, or industries. Positive/Negative allocation occurs when the portfolio is overweighted in a segment that outperforms/underperforms the overall benchmark and underweighted in a segment that underperforms/outperforms the overall benchmark.



  Portfolio Benchmark Attribution
  Avg Wt Tot Return Avg Wt Tot Return Selection Effect Allocation Effect Top Return
Comm Services 2.6 103.6 2.7 40.6 0.9 -0.3 0.7
Cons Disc. 11.9 67.8 8.6 33.5 4.2 -0.5 3.7
Cons Staples 8.7 48.5 9.4 37.0 2.6 -0.5 2.1
Energy 0.0 0.0 9.9 50.7 0.0 -1.9 -1.9
Financials 32.8 61.0 32.4 32.0 10.4 0.5 10.9
Health Care 12.5 181.7 5.5 95.6 8.2 9.0 17.2
Industrials 5.1 96.1 6.7 51.0 1.8 0.6 2.3
Information Tech 16.0 177.3 12.0 125.7 5.3 2.1 7.4
Materials 6.6 151.1 9.2 105.8 2.0 0.4 2.4
Real Estate 0.9 33.8 0.6 45.9 0.3 -0.1 0.1
Utilities 0.0 0.0 3.0 82.5 0.0 -0.3 -0.3
Cash/Fut/Other 2.9 0.0 0.0 0.0 - - -4.7
Total 100.0 96.5 100.0 56.5 35.7 4.3 40.0

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

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