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North Star Portfolio

White Whale Partners LLP
PMS Multi Cap & Flexi Cap
Benchmark
Nifty 50 TRI
Inception Date
11 November 2020
Min. Investment
₹50,00,000
SIP Available
Yes
STP Available
Yes

Investment Strategy

Investment Approach

Incredible businesses, Quality management, Concentrated portfolio, recurring revenue businesses which combined with a low churn in the portfolio, sticking to our circle of competence with highest corporate governance standards.

Investment Objective

We focuse on navigating the Indian public markets using a private equity mindset with a simple philosophy of backing outstanding management teams spearheading incredible businesses that have the ability to compound capital over a long period of time.

Performance Returns

Returns as on 2025-12-31

Trailing Returns

Period Strategy Benchmark Outperformance
1 MONTH -3.20% -0.28% -2.92%
3 MONTHS 3.13% 6.33% -3.20%
6 MONTHS 4.43% 2.92% 1.51%
1 YEAR 11.75% 11.88% -0.13%
2 YEAR 9.60% 10.97% -1.37%
3 YEAR 11.30% 14.32% -3.02%
5 YEAR 12.17% 14.68% -2.51%
SINCE INCEPTION 13.20% 16.54% -3.34%

Calendar Year Performance

Year Return
CY 2025 11.75%
CY 2024 7.50%
CY 2023 14.83%
CY 2022 -0.36%
CY 2021 30.23%
CY 2020 6.39%

Financial Year Performance

Year Return
FY 26_YTD 15.68%
FY 25 5.60%
FY 24 23.87%
FY 23 -3.83%
FY 22 18.17%
FY 21 10.49%

Past performance is not indicative of future results. Returns are subject to market risks.

Fund Managers

Hardik Doshi

Fund Manager, PMS

Hardik’s 20-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. He is also a charter holder from the CFA Institute.

Portfolio Details

Portfolio Composition

Large Cap
36.65%
Mid Cap
19.61%
Small Cap
42.30%
Cash & Equivalent
1.42%

Top 5 Holdings

  • Undisclosed N/A
  • Undisclosed N/A
  • Undisclosed N/A
  • Undisclosed N/A
  • Undisclosed N/A

Top 5 Sectors

  • Financial Services 42.59%
  • Healthcare 17.61%
  • Consumer Services 8.61%
  • Consumer Durables 8.40%
  • Fast Moving Consumer Goods 6.34%

Portfolio Characteristics

total number of stocks
N/A
top 5 stocks percent
N/A
top 5 sectors percent
83.55%
average market cap
195456
portfolio age
5 Yrs, 1 Months
sip
Available
stp
Available

Fee Structure

Fixed Fee

AMC: 2%

Variable Fee

AMC: 1.5%

Hurdle: 10%

Profit Sharing: 15%

Exit Load

Year 1: 2%

Year 2: 1%

Year 3: 0%

Disclaimer

* Returns are as on31st December 2025 , * Returns over a 1 year period are annualized * Returns are calculated using the Time Weighted Rate of Return (TWRR) method and as provided by the respective AMCs. *ND (No Data) , * NA(Not Applicable) * Returns of the respective Benchmark Indices used are tabulated above. Benchmark(s) given are as per SEBI circular no. SEBI/HO/IMD/IMD-PoD-2/P/CIR/2022/172 dated December 16, 2022 and the APMI circular no. APMI/2022-23/02 dated 23rd March,2023 and Revised Annexure-1

This profile is provided for general informational purposes only and is based on publicly available information. While reasonable care is taken, the content may not always reflect the latest updates.

Nothing on this page constitutes investment, financial, or legal advice. Investment decisions should be made after consulting a qualified advisor and reviewing official scheme documents.

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Last Updated: January 2026 · Published by Affluense AI (affluense.ai)

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