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White Oak India Equity AIF

AUM (619 cr) | Inc Date (13-Feb-2018)

Scheme Rating

IME Scheme Rating

3 of 5 stars

IME Strategy Rating

0 of 5 stars

The White Oak India Equity AIF focuses on investing in a diversified portfolio of high-quality Indian companies with strong growth potential. The fund seeks to generate attractive long-term returns for investors by actively managing its investments and capitalizing on opportunities in the Indian equity market.

AMC Rating

5 of 5 stars

AMC: WhiteOak PMS (click link for detailed AMC review)

Founded by a credible CIO with strong investment credentials and a solid research team, White Oak offers a reliable PMS option for long-term capital deployment.

PMS Scheme Ratings are driven by IME’s Proprietary Scheme Rating Methodology, which takes into account our ratings of the Scheme’s investment strategy, its maturity, the investment team, and our separate rating on the AMC that runs this particular scheme. Our views on each of these individual criteria are available via the IME RMS – which you can view by reaching out to one of our relationship managers (using either the live chat or book appointment feature on this site).

Investment Philosophy

  • Great Business: well managed, scalable long-term opportunity, strong returns on incremental capital, strong execution & governance track record
  • Attractive Valuations: aim to identify businesses where the estimated intrinsic value is significantly different from market prices
  • Focus on stocks: as compared to focusing on the macro
  • Avoid businesses with red flags: poor corporate governance, weak incremental ROCEs, potential obsolescence risk

White Oak’s Investment Culture is driven by

  • Team of local experts with global experience: strong culture of performance aligned with client portfolio
  • Time Tested Processes: driven by disciplined fundamental research & a proprietary OpcoFinco analytical framework that has been honed over 2 decades
  • Bottom up Stock Selection based philosophy: Buy great businesses at Attractive values | Invest in businesses, don’t bet on macro
  • Balanced Portfolio Construction: Aim to drive performance through stock-selection & not top-down bets on macro factors

INVESTMENT PROCESS

  • Avoid misgovernance: White Oak aims to avoid misgoverned companies by recognizing various forms of misgovernance such as companies cheating existing promoters, cheating investors, unethical or illegal business administration processes, misaligned interests or objectives and poor accounting
  • Universe Screening: Beginning with a large investible universe (~750 companies with a  >$150 mn mkt cap), WhiteOak narrows down the universe to what it defines as great businesses (~150), from which it invests in between 30-50 companies which it believes to be attractively valued 
  • Time tested analytical framework: driven by idea generation, analysis, decision & sizing and an ongoing evaluation

PORTFOLIO CONSTRUCTION AND RISK MANAGEMENT

  • Balanced Portfolio Approach: White Oak follows a balanced Portfolio that aims to avoid market timing or sector rotation and aims for alpha generation through stock selection.
  • Typical exposure limits: Single Stock: 10% at market value | Single promoter group: 25% | Single industry 30%
  • Proposed Market Cap weights: 40-60% Large Cap and 60-40% Mid and Smallcap

Trailing Performance

1yr 3yr 5yr Since Inception
White Oak India Equity AIF 14.7 10.3 17.7 18.7
S&P BSE 500 8.4 12.7 16.8 16.8
Alpha over Broad Mkt BM 6.3 -2.4 0.9 1.9
S&P BSE 500 8.4 12.7 16.8
Alpha over Category BM 6.3 -2.4 0.9

Performance as of: 31-Jan-25 | Inception Date: 13-Feb-18

Fund Managers

Fee Structure

Fee Structure Fee
Fixed Fee Structure 2
Variable Fee Structures
Exit Fees

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