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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 June 23, 2022 , 1405 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
₹145.656 ↑ 1.35   (0.93 %)
₹7,192 on 31 May 22
24 Feb 05
Equity
Small Cap
23
Moderately High
1.89
0.83
1.39
6.87
Not Available
0-1 Years (1%),1 Years and above(NIL)
SBI Magnum Mid Cap Fund
Growth
Fund Details
₹126.917 ↑ 1.92   (1.54 %)
₹6,891 on 31 May 22
29 Mar 05
Equity
Mid Cap
28
Moderately High
2.1
1.18
0.51
8.44
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
-3.8%
-9.1%
-10.8%
5%
27.6%
15%
16.7%
SBI Magnum Mid Cap Fund
Growth
Fund Details
-3.2%
-5.3%
-7.8%
7.1%
21.1%
10.6%
15.9%

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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 Performance2021
2020
2019
2018
2017
Kotak Small Cap Fund
Growth
Fund Details
70.9%
34.2%
5%
-17.3%
44%
SBI Magnum Mid Cap Fund
Growth
Fund Details
52.2%
30.4%
0.1%
-18%
33.5%

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
Pankaj Tibrewal - 12.37 Yr.
SBI Magnum Mid Cap Fund
Growth
Fund Details
₹500
₹5,000
Sohini Andani - 11.93 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
Kotak Small Cap Fund
Growth
Fund Details
DateValue
31 May 17₹10,000
31 May 18₹10,839
31 May 19₹10,011
31 May 20₹7,847
31 May 21₹18,478
31 May 22₹21,258
Growth of 10,000 investment over the years.
SBI Magnum Mid Cap Fund
Growth
Fund Details
DateValue
31 May 17₹10,000
31 May 18₹10,113
31 May 19₹9,732
31 May 20₹7,753
31 May 21₹15,045
31 May 22₹17,759

Detailed portfolio Comparison

Asset Allocation
Kotak Small Cap Fund
Growth
Fund Details
Asset ClassValue
Cash4.59%
Equity95.41%
Equity Sector Allocation
SectorValue
Industrials30.73%
Consumer Cyclical30.47%
Basic Materials18.61%
Financial Services4.61%
Technology4.05%
Health Care3.37%
Real Estate1.36%
Consumer Defensive1.26%
Energy0.54%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Century Plyboards (India) Ltd (Consumer Cyclical)
Equity, Since 31 Oct 18 | CENTURYPLY
5%₹383 Cr6,029,612
↑ 121,778
Sheela Foam Ltd (Consumer Cyclical)
Equity, Since 30 Jun 18 | SFL
5%₹339 Cr963,274
↓ -1,849
Carborundum Universal Ltd (Industrials)
Equity, Since 30 Jun 18 | CARBORUNIV
4%₹287 Cr3,748,104
↑ 204,977
Amber Enterprises India Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 31 Jan 18 | AMBER
3%₹251 Cr676,952
↑ 24,008
Galaxy Surfactants Ltd (Basic Materials)
Equity, Since 31 Jan 18 | GALAXYSURF
3%₹234 Cr802,595
↑ 10,000
Blue Star Ltd (Industrials)
Equity, Since 31 May 18 | BLUESTARCO
3%₹225 Cr1,978,982
Ratnamani Metals & Tubes Ltd (Basic Materials)
Equity, Since 31 Jan 18 | RATNAMANI
3%₹213 Cr904,561
Persistent Systems Ltd (Technology)
Equity, Since 31 Jul 13 | PERSISTENT
3%₹205 Cr474,169
Supreme Industries Ltd (Industrials)
Equity, Since 31 May 14 | SUPREMEIND
3%₹193 Cr990,770
Cyient Ltd (Industrials)
Equity, Since 31 Dec 19 | CYIENT
3%₹185 Cr2,090,218
Asset Allocation
SBI Magnum Mid Cap Fund
Growth
Fund Details
Asset ClassValue
Cash3.76%
Equity96.24%
Equity Sector Allocation
SectorValue
Consumer Cyclical36.76%
Financial Services15.03%
Basic Materials13.91%
Industrials10.17%
Health Care7.31%
Real Estate4.57%
Utility3.81%
Consumer Defensive3.49%
Technology0.57%
Communication Services0.42%
Energy0.18%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Sheela Foam Ltd (Consumer Cyclical)
Equity, Since 30 Nov 16 | SFL
6%₹457 Cr1,300,000
Page Industries Ltd (Consumer Cyclical)
Equity, Since 29 Feb 20 | PAGEIND
6%₹410 Cr90,000
Tube Investments of India Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 31 Dec 20 | TIINDIA
5%₹345 Cr1,846,672
Schaeffler India Ltd (Consumer Cyclical)
Equity, Since 28 Feb 14 | SCHAEFFLER
4%₹277 Cr1,201,830
Thermax Ltd (Industrials)
Equity, Since 31 Dec 13 | THERMAX
4%₹267 Cr1,261,202
CRISIL Ltd (Financial Services)
Equity, Since 30 Apr 21 | CRISIL
4%₹264 Cr717,197
↑ 117,197
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Dec 12 | CHOLAFIN
4%₹251 Cr3,400,000
Carborundum Universal Ltd (Industrials)
Equity, Since 30 Apr 11 | CARBORUNIV
3%₹238 Cr3,100,000
Max Healthcare Institute Ltd Ordinary Shares (Healthcare)
Equity, Since 30 Sep 21 | MAXHEALTH
3%₹229 Cr5,530,790
Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 18 | INDHOTEL
3%₹210 Cr8,182,397

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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