PMS · Equity · Multi Cap
White Whale - North Star Portfolio
Fund size₹66 Cr
Alpha (3Y)1.96%
3Y return11.50%
Fund age5 yrs 9 mo
Fund Manager
Hardik Doshi
Hardik Doshi
Fund Manager, PMS, White Whale Partners
Hardik Doshi is spearheading the portfolio His 21 year career includes 6 years of equity research at Lehman Brothers in New York and 13 years of investing experience in India as head of the investment research team at First Voyager, advisor to the TVF Fund, a large India focused FII fund Over the last five years of his involvement, the fund delivered high teens absolute returns significantly outperforming the MSCI India by high single digits annually Hardik brings an institutional mindset, a keen assessment framework into quality of
Managing AUM₹71 Cr
Growth of₹Cr
White Whale North Star
Returns: How it has done
Scheme / BenchmarkYTD1Y2Y3Y5YSince inception
White Whale North Star4.05%4.88%7.55%11.50%8.05%12.28%
NIFTY 50 TRI−7.00%−0.35%−1.19%9.00%8.32%13.09%
Excess over benchmark11.05%5.23%8.74%2.50%−0.27%−0.81%
Returns up to one year are absolute; two years and above are annualised (CAGR). YTD is calendar-year-to-date. As on 31 Aug 2026.
Risk : What you take on to earn the return
Volatility
16.19%
Benchmark approx 13.22%
A standard deviation reflecting historical swings.
Sensitivity
0.98
Beta vs benchmark 1.00 · 2% less reactive
How strongly the scheme moves with the index.
Risk-reward
0.38
Sharpe
Excess return gained per unit of volatility.
Capture ratio
101 / 88
Upside / Downside Capture
Share of market gains captured versus losses absorbed.
How far below its previous high it fell
Over the trailing 3Y window the scheme fell −22.63% from its 17 Nov 2025 peak to a 31 Mar 2026 trough, and recovered on 21 Aug 2026 after 143 days.
Max drawdowns
−22.63%
Recovery period
143 days
Scheme Drawdown Trajectory
Drawdown analysisPeakTroughDepthFell overRecoveredRecovery took
Scheme17 Nov 202531 Mar 2026−22.63%134 days21 Aug 2026143 days
Benchmark30 Aug 202428 Feb 2025−15.27%182 days––
Scheme
Peak17 Nov 2025
Trough31 Mar 2026
Depth−22.63%
Fell over134 days
Recovered21 Aug 2026
Recovery took143 days
Benchmark
Peak30 Aug 2024
Trough28 Feb 2025
Depth−15.27%
Fell over182 days
Recovered–
Recovery took–
The benchmark's peak, trough and recovery are read off its month-end curve; the scheme's row is measured on daily NAV. · Risk and drawdown use a trailing 3Y window · As on 31 Aug 2026
Portfolio Details : Where the money actually sits
Stocks
16
P/E ratio
40.26
P/B ratio
4.90
Dividend yield
0.78%
Avg market cap
₹1.95 L Cr
Median market cap
₹1.23 L Cr
Asset class
Equity
Market cap
Large cap46.42%
Mid cap9.08%
Small cap39.92%
Cash & others4.58%
As on 31 Aug 2026
Fees
A fixed plan is cheaper when returns are strong. A performance plan costs less in lean years and shares the upside only when the fund beats a hurdle. Both cost the same at a 13.33% gross return.
FixedPlan A · Simple
Fixed Management Fee2.00% / yr
Performance FeeNone
Hurdle RateNot applicable
HybridPlan B · Shared upside
Fixed Management Fee1.50% / yr
Performance Fee15% of profit
Hurdle RateAbove 10%
Exit load 2.00% within 1 year, 1.00% within 2 years, nil after 3 years. Lock-in: Nil.
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