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 (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’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 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.
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 Basics NAV 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 ₹237.481 ↓ -1.22 (-0.51 %) ₹16,871 on 28 Feb 26 24 Feb 05 ☆☆☆ Equity Small Cap 23 Moderately High 1.66 0.42 -0.99 -2.1 Not Available 0-1 Years (1%),1 Years and above(NIL) SBI Magnum Mid Cap Fund
Growth
Fund Details ₹224.006 ↓ -0.50 (-0.22 %) ₹23,154 on 28 Feb 26 29 Mar 05 ☆☆☆ Equity Mid Cap 28 Moderately High 1.67 0.72 -1.51 -6.28 Not Available 0-1 Years (1%),1 Years and above(NIL)
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 Performance 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since launch Kotak Small Cap Fund
Growth
Fund Details 4.8% -2% -8% 3.3% 13.8% 14.8% 16.2% SBI Magnum Mid Cap Fund
Growth
Fund Details 2.6% -3.5% -2% 4.1% 15% 16.1% 15.9%
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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 Performance 2024 2023 2022 2021 2020 Kotak Small Cap Fund
Growth
Fund Details -9.1% 25.5% 34.8% -3.1% 70.9% SBI Magnum Mid Cap Fund
Growth
Fund Details 0.4% 20.3% 34.5% 3% 52.2%
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 Details Min SIP Investment Min Investment Fund Manager Kotak Small Cap Fund
Growth
Fund Details ₹1,000 ₹5,000 Harish Bihani - 2.45 Yr. SBI Magnum Mid Cap Fund
Growth
Fund Details ₹500 ₹5,000 Bhavin Vithlani - 2 Yr.
Kotak Small Cap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Mar 21 ₹10,000 31 Mar 22 ₹13,644 31 Mar 23 ₹13,128 31 Mar 24 ₹18,164 31 Mar 25 ₹19,742 31 Mar 26 ₹18,223 SBI Magnum Mid Cap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Mar 21 ₹10,000 31 Mar 22 ₹12,651 31 Mar 23 ₹13,252 31 Mar 24 ₹18,748 31 Mar 25 ₹20,351 31 Mar 26 ₹19,266
Kotak Small Cap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 1.03% Equity 98.97% Equity Sector Allocation
Sector Value Health Care 23.78% Industrials 22.27% Consumer Cyclical 19.48% Financial Services 14.25% Basic Materials 8.52% Consumer Defensive 3.52% Real Estate 3.39% Communication Services 1.97% Technology 1.78% Top Securities Holdings / Portfolio
Name Holding Value Quantity Aster DM Healthcare Ltd Ordinary Shares (Healthcare)
Equity, Since 31 Jul 24 | ASTERDM5% ₹788 Cr 11,757,234 Sansera Engineering Ltd (Consumer Cyclical)
Equity, Since 30 Sep 21 | 5433584% ₹543 Cr 2,615,539 Krishna Institute of Medical Sciences Ltd (Healthcare)
Equity, Since 31 Dec 23 | 5433083% ₹525 Cr 8,454,118 Vijaya Diagnostic Centre Ltd (Healthcare)
Equity, Since 31 Mar 24 | 5433503% ₹505 Cr 5,861,236 Century Plyboards (India) Ltd (Basic Materials)
Equity, Since 31 Oct 18 | 5325483% ₹409 Cr 5,836,731
↑ 9,833 Kalpataru Projects International Ltd (Industrials)
Equity, Since 31 Jan 23 | KPIL2% ₹378 Cr 3,572,133 Techno Electric & Engineering Co Ltd (Industrials)
Equity, Since 31 Dec 18 | TECHNOE2% ₹359 Cr 3,642,296 Ajanta Pharma Ltd (Healthcare)
Equity, Since 31 May 23 | 5323312% ₹321 Cr 1,144,880
↓ -74,422 Shriram Finance Ltd (Financial Services)
Equity, Since 30 Nov 22 | SHRIRAMFIN2% ₹314 Cr 3,603,518
↑ 421,898 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK2% ₹306 Cr 2,535,719
↑ 800,000 SBI Magnum Mid Cap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 5.93% Equity 93.93% Debt 0.14% Equity Sector Allocation
Sector Value Financial Services 24.42% Industrials 16.66% Consumer Cyclical 13.46% Basic Materials 11.32% Utility 6.49% Health Care 6.47% Technology 5.57% Consumer Defensive 4.32% Real Estate 3.33% Communication Services 1.91% Top Securities Holdings / Portfolio
Name Holding Value Quantity Torrent Power Ltd (Utilities)
Equity, Since 30 Jun 19 | 5327794% ₹757 Cr 5,800,000 Bharat Heavy Electricals Ltd (Industrials)
Equity, Since 31 May 25 | 5001034% ₹737 Cr 30,000,000 Supreme Industries Ltd (Industrials)
Equity, Since 31 Dec 25 | 5099303% ₹674 Cr 1,800,000
↑ 10,000 CRISIL Ltd (Financial Services)
Equity, Since 30 Apr 21 | CRISIL3% ₹639 Cr 1,700,000 AIA Engineering Ltd (Industrials)
Equity, Since 30 Apr 24 | AIAENG3% ₹635 Cr 1,745,454
↑ 55,622 Bharat Forge Ltd (Consumer Cyclical)
Equity, Since 31 Oct 20 | 5004933% ₹603 Cr 3,600,000 Sundaram Finance Ltd (Financial Services)
Equity, Since 30 Sep 22 | SUNDARMFIN3% ₹591 Cr 1,350,000 Biocon Ltd (Healthcare)
Equity, Since 30 Nov 24 | BIOCON3% ₹563 Cr 15,598,584 Max Financial Services Ltd (Financial Services)
Equity, Since 30 Apr 25 | 5002713% ₹537 Cr 3,600,000 Shree Cement Ltd (Basic Materials)
Equity, Since 30 Nov 24 | 5003873% ₹518 Cr 225,000
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.