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Fincash » Kotak Small Cap Fund Vs SBI Magnum Mid Cap Fund

Kotak Small Cap Fund Vs SBI Magnum Mid Cap Fund

Updated on July 16, 2024 , 2618 views

There are a number of differences that exist between Kotak small cap Fund and SBI Magnum Mid Cap Fund. Kotak Small Cap belongs to the small-cap category of Equity Funds and SBI Mag Mid Cap Fund belong to the mid-cap category. In simple terms, mid cap funds are the schemes whose fund money is invested in shares of companies having a Market capitalization between INR 500 – INR 10,000 Crores. These companies have the potential to grow and form part of large-cap companies. Mid-cap funds are a good investment option for long-term tenure and in many instances have earned higher profits compared to Large cap funds. In addition, the shares prices of these companies fluctuate less as compared to small-cap companies. Small caps mainly invest in start-ups. So, let us understand the differences between Kotak Small Cap Fund and SBI Magnum Mid Cap Fund by comparing various parameters such as AUM, NAV, performance, and so on.

Kotak Small Cap Fund (Erstwhile Kotak Midcap Scheme)

Kotak Small Cap Fund (earlier known as Kotak Midcap scheme) is a part of Kotak Mutual Fund and was launched on February 24, 2005. The objective of Kotak Small Cap Fund is to attain Capital appreciation in the long-term from a diversified Portfolio of equity and equity-related securities. Kotak Small Cap Fund is solely managed by Mr Pankaj Tibrewal. Dixon Technologies India Limited, Solar Industries India Limited, JK Cements Limited, and IndusInd Bank Limited are some of the top 10 holdings that form part of Kotak Small Cap Fund as on March 31, 2018. The scheme uses Nifty Midcap 100 Index to construct its portfolio. The risk-appetite of this scheme is moderately high and is suitable for individuals seeking an exposure in equity and equity-related securities of small-cap companies.

SBI Magnum Mid Cap Fund

SBI Magnum Mid Cap Fund’s objective is to invest the fund money in equity and equity-related instruments of mid-cap companies and thereby attain capital growth. Investors looking for capital appreciation by Investing in shares of mid-cap companies can choose to invest in SBI Magnum Mid Cap Fund. The scheme adopts a bottom-up approach to select stocks instead of choosing on the Basis of sector calls. Based on the Asset Allocation of the scheme, SBI Magnum Mid Cap Fund invests around 65-100% of its fund money in shares of Mid-cap companies. The scheme uses Nifty MidSmallcap 400 Index as its benchmark to construct its portfolio. Ms. Sohini Andani is the sole fund manager managing SBI Magnum Mid Cap Fund. Some of the top constituents of SBI Magnum Mid Cap Fund as on March 31, 2018, included Cholamandalam Investment and Finance Company Limited, Godrej Properties Limited, The Ramco Cements Limited, and so on.

Kotak Small Cap Fund Vs SBI Magnum Mid Cap Fund

Kotak Small Cap Fund and SBI Magnum Mid Cap Fund both differ on account of numerous parameters though they belong to the same category. So, let’s understand the differences between them that are classified into four sections, namely, basics section, performance section, yearly performance section, and other details section.

Basics Section

Being the first section, it compares parameters such as current NAV, Fincash Rating, and scheme category. With respect to the NAV, it can be said that there is very less difference between the scheme’s NAVs. The NAV of Kotak Small Cap Fund as on April 26, 2018, was approximately INR 81 while of SBI Magnum Mid Cap Fund was around INR 82. Based on Fincash Rating, it can be said that, both the schemes are rated as 3-Star Schemes. Even, with respect to scheme category, both the schemes are a part of the same category, Equity Mid & Small Cap. The comparison of the basics section is as follows.

Parameters
BasicsNAV
Net Assets (Cr)
Launch Date
Rating
Category
Sub Cat.
Category Rank
Risk
Expense Ratio
Sharpe Ratio
Information Ratio
Alpha Ratio
Benchmark
Exit Load
Kotak Small Cap Fund
Growth
Fund Details
₹271.203 ↓ -2.33   (-0.85 %)
₹15,283 on 31 May 24
24 Feb 05
Equity
Small Cap
23
Moderately High
1.48
2.15
-0.49
2.18
Not Available
0-1 Years (1%),1 Years and above(NIL)
SBI Magnum Mid Cap Fund
Growth
Fund Details
₹233.476 ↓ -1.37   (-0.58 %)
₹18,399 on 31 May 24
29 Mar 05
Equity
Mid Cap
28
Moderately High
1.88
2.6
-0.48
-0.07
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance Section

Being the second section, it analyses the differences in the Compounded Annual Growth Rate or CAGR returns of both the schemes. These CAGR returns are compared at different time intervals such as 1 Month Return, 6 Month Return, 5 Year Return, and Return since Inception. The comparison of CAGR returns reveals that there is not much significant difference between the performance of both the schemes. However, in many instances, the performance of Kotak Small Cap Fund is better. The table given below summarizes the comparison of the performance section.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
Kotak Small Cap Fund
Growth
Fund Details
3.2%
19.6%
23%
44.8%
22.7%
31.6%
18.5%
SBI Magnum Mid Cap Fund
Growth
Fund Details
-0.2%
13.3%
19.1%
36.8%
23.2%
27.4%
17.7%

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Yearly Performance Section

The comparison of absolute returns generated by both the schemes for a particular year is done in the yearly performance section. The analysis of absolute returns shows that for certain years SBI Magnum Mid Cap Fund leads the race, while in other; Kotak Small Cap Fund leads the race. The summary comparison of the yearly performance section is tabulated as follows.

Parameters
Yearly Performance2023
2022
2021
2020
2019
Kotak Small Cap Fund
Growth
Fund Details
34.8%
-3.1%
70.9%
34.2%
5%
SBI Magnum Mid Cap Fund
Growth
Fund Details
34.5%
3%
52.2%
30.4%
0.1%

Other Details Section

AUM, minimum SIP investment, and minimum lumpsum investment are some of the parameters that form part of the other details section. With respect to the AUM, it can be said that both the schemes differ significantly on account of AUM. As on March 31, 2018, the AUM of Kotak Mutual Fund’s schemes was around INR 819 Crores while of SBI Mutual Fund’s scheme was nearly INR 3,799 Crores. The minimum lumpsum investment for both the schemes is same, that is, INR 5,000. However, the schemes differ on account of minimum SIP investment. The SIP amount for Kotak Small Cap Fund is INR 1,000 and in case of SBI Magnum Mid Cap Fund, is INR 500. The table given below summarizes the comparison of other details section.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
Kotak Small Cap Fund
Growth
Fund Details
₹1,000
₹5,000
Arjun Khanna - 2.09 Yr.
SBI Magnum Mid Cap Fund
Growth
Fund Details
₹500
₹5,000
Bhavin Vithlani - 0.17 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
Kotak Small Cap Fund
Growth
Fund Details
DateValue
30 Jun 19₹10,000
30 Jun 20₹8,955
30 Jun 21₹19,659
30 Jun 22₹20,657
30 Jun 23₹25,804
30 Jun 24₹37,103
Growth of 10,000 investment over the years.
SBI Magnum Mid Cap Fund
Growth
Fund Details
DateValue
30 Jun 19₹10,000
30 Jun 20₹9,046
30 Jun 21₹16,509
30 Jun 22₹17,808
30 Jun 23₹23,210
30 Jun 24₹32,130

Detailed portfolio Comparison

Asset Allocation
Kotak Small Cap Fund
Growth
Fund Details
Asset ClassValue
Cash4.12%
Equity95.88%
Equity Sector Allocation
SectorValue
Industrials39.96%
Consumer Cyclical20.72%
Basic Materials14.6%
Health Care8.49%
Consumer Defensive2.84%
Financial Services2.52%
Technology2.41%
Communication Services2.23%
Real Estate1.61%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Cyient Ltd (Industrials)
Equity, Since 31 Dec 19 | CYIENT
4%₹551 Cr3,174,852
↑ 161,289
Carborundum Universal Ltd (Industrials)
Equity, Since 30 Jun 18 | CARBORUNIV
4%₹538 Cr3,373,532
↓ -109,697
Techno Electric & Engineering Co Ltd (Industrials)
Equity, Since 31 Dec 18 | TECHNOE
3%₹527 Cr3,718,309
Blue Star Ltd (Industrials)
Equity, Since 31 May 18 | BLUESTARCO
3%₹513 Cr3,251,576
↓ -13,262
Ratnamani Metals & Tubes Ltd (Basic Materials)
Equity, Since 31 Jan 18 | RATNAMANI
3%₹452 Cr1,328,764
Century Plyboards (India) Ltd (Basic Materials)
Equity, Since 31 Oct 18 | 532548
3%₹413 Cr6,353,571
BEML Ltd (Industrials)
Equity, Since 30 Jun 18 | 500048
2%₹321 Cr729,789
Blue Dart Express Ltd (Industrials)
Equity, Since 31 Oct 19 | BLUEDART
2%₹320 Cr444,525
Alembic Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Jan 22 | APLLTD
2%₹318 Cr3,441,355
Exide Industries Ltd (Consumer Cyclical)
Equity, Since 30 Sep 22 | 500086
2%₹315 Cr6,441,912
↓ -840,068
Asset Allocation
SBI Magnum Mid Cap Fund
Growth
Fund Details
Asset ClassValue
Cash5.13%
Equity94.87%
Equity Sector Allocation
SectorValue
Consumer Cyclical27.62%
Industrials18.44%
Financial Services16.95%
Basic Materials8.84%
Health Care7.73%
Real Estate4.85%
Utility4.22%
Consumer Defensive2.53%
Technology1.89%
Communication Services1.81%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Torrent Power Ltd (Utilities)
Equity, Since 30 Jun 19 | 532779
4%₹776 Cr5,169,750
Schaeffler India Ltd (Consumer Cyclical)
Equity, Since 28 Feb 14 | SCHAEFFLER
4%₹689 Cr1,623,740
Thermax Ltd (Industrials)
Equity, Since 31 Dec 13 | THERMAX
4%₹649 Cr1,200,000
↓ -311,202
Sundaram Finance Ltd (Financial Services)
Equity, Since 30 Sep 22 | SUNDARMFIN
3%₹639 Cr1,490,000
Carborundum Universal Ltd (Industrials)
Equity, Since 30 Apr 11 | CARBORUNIV
3%₹621 Cr3,900,000
↑ 580,000
CRISIL Ltd (Financial Services)
Equity, Since 30 Apr 21 | CRISIL
3%₹573 Cr1,395,281
Voltas Ltd (Industrials)
Equity, Since 30 Apr 24 | VOLTAS
3%₹544 Cr4,000,000
↑ 1,011,400
K.P.R. Mill Ltd (Consumer Cyclical)
Equity, Since 31 Oct 22 | KPRMILL
3%₹462 Cr6,000,000
↑ 739,989
Coromandel International Ltd (Basic Materials)
Equity, Since 31 Jan 18 | 506395
2%₹458 Cr3,500,000
Max Healthcare Institute Ltd Ordinary Shares (Healthcare)
Equity, Since 30 Sep 21 | MAXHEALTH
2%₹413 Cr5,500,000

Therefore, in a nutshell, it can be said that both the schemes differ on account of numerous parameters. As a consequence, individuals should be very careful while choosing any of the schemes for investment. They should understand the modalities of the scheme completely and check whether the scheme matches their investment parameters or not. This will help individuals to attain their objectives on time and in a hassle-free manner.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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