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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 September 23, 2021 , 950 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
₹159.123 ↓ -0.12   (-0.07 %)
₹5,642 on 31 Aug 21
24 Feb 05
Equity
Small Cap
23
Moderately High
1.89
4.75
1.63
21.51
Not Available
0-1 Years (1%),1 Years and above(NIL)
SBI Magnum Mid Cap Fund
Growth
Fund Details
₹133.159 ↓ -1.00   (-0.75 %)
₹6,056 on 31 Aug 21
29 Mar 05
Equity
Mid Cap
28
Moderately High
2.1
3.49
0.42
6.63
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
8.1%
14.7%
36.5%
108.8%
31.2%
20.1%
18.2%
SBI Magnum Mid Cap Fund
Growth
Fund Details
8.5%
12.4%
26.4%
86.5%
23.4%
13.4%
17%

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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 Performance2020
2019
2018
2017
2016
Kotak Small Cap Fund
Growth
Fund Details
34.2%
5%
-17.3%
44%
8.9%
SBI Magnum Mid Cap Fund
Growth
Fund Details
30.4%
0.1%
-18%
33.5%
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 - 11.53 Yr.
SBI Magnum Mid Cap Fund
Growth
Fund Details
₹500
₹5,000
Sohini Andani - 11.09 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 Aug 16₹10,000
31 Aug 17₹11,617
31 Aug 18₹12,269
31 Aug 19₹10,393
31 Aug 20₹12,116
31 Aug 21₹24,390
Growth of 10,000 investment over the years.
SBI Magnum Mid Cap Fund
Growth
Fund Details
DateValue
31 Aug 16₹10,000
31 Aug 17₹10,888
31 Aug 18₹11,101
31 Aug 19₹9,403
31 Aug 20₹10,377
31 Aug 21₹18,291

Detailed portfolio Comparison

Asset Allocation
Kotak Small Cap Fund
Growth
Fund Details
Asset ClassValue
Cash6.85%
Equity93.15%
Equity Sector Allocation
SectorValue
Industrials28.73%
Consumer Cyclical25.59%
Basic Materials20.8%
Technology7.71%
Financial Services4.64%
Health Care1.92%
Consumer Defensive1.88%
Real Estate1.21%
Energy0.46%
Communication Services0.21%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Century Plyboards (India) Ltd (Consumer Cyclical)
Equity, Since 31 Oct 18 | 532548
5%₹247 Cr5,853,559
↑ 465,053
Carborundum Universal Ltd (Industrials)
Equity, Since 30 Jun 18 | 513375
4%₹198 Cr2,946,347
↑ 123,529
Sheela Foam Ltd (Consumer Cyclical)
Equity, Since 30 Jun 18 | 540203
4%₹193 Cr809,756
↑ 39,686
Lux Industries Ltd (Consumer Cyclical)
Equity, Since 31 Jan 18 | LUXIND
3%₹170 Cr408,916
↓ -25,000
Persistent Systems Ltd (Technology)
Equity, Since 31 Jul 13 | PERSISTENT
3%₹170 Cr540,794
Galaxy Surfactants Ltd (Basic Materials)
Equity, Since 31 Jan 18 | 540935
3%₹162 Cr518,979
↑ 35,425
Blue Star Ltd Shs Dematerialised (Industrials)
Equity, Since 31 May 18 | BLUESTARCO
3%₹160 Cr1,899,687
↑ 233,769
Ratnamani Metals & Tubes Ltd (Basic Materials)
Equity, Since 31 Jan 18 | 520111
3%₹158 Cr736,769
↑ 98,713
Somany Ceramics Ltd (Industrials)
Equity, Since 31 Jan 21 | 531548
3%₹152 Cr2,141,770
↑ 202,141
Cyient Ltd (Industrials)
Equity, Since 31 Dec 19 | CYIENT
3%₹134 Cr1,356,753
Asset Allocation
SBI Magnum Mid Cap Fund
Growth
Fund Details
Asset ClassValue
Cash6.38%
Equity93.62%
Equity Sector Allocation
SectorValue
Consumer Cyclical27.03%
Basic Materials17.29%
Industrials16.03%
Financial Services10.02%
Health Care8.35%
Real Estate6.24%
Utility4.42%
Technology2.31%
Consumer Defensive1.22%
Communication Services0.57%
Energy0.13%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Sheela Foam Ltd (Consumer Cyclical)
Equity, Since 30 Nov 16 | 540203
6%₹349 Cr1,461,806
Godrej Properties Ltd (Real Estate)
Equity, Since 31 Dec 17 | GODREJPROP
4%₹256 Cr1,600,000
Page Industries Ltd (Consumer Cyclical)
Equity, Since 29 Feb 20 | 532827
4%₹252 Cr80,000
Carborundum Universal Ltd (Industrials)
Equity, Since 30 Apr 11 | 513375
4%₹238 Cr3,537,050
JK Cement Ltd (Basic Materials)
Equity, Since 30 Apr 19 | JKCEMENT
4%₹233 Cr713,774
Gujarat State Petronet Ltd Shs Dematerialised (Utilities)
Equity, Since 31 Mar 18 | 532702
4%₹213 Cr6,167,951
Tube Investments of India Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 31 Dec 20 | 540762
3%₹194 Cr1,746,672
↑ 600,000
Ramco Cements Ltd (Basic Materials)
Equity, Since 29 Feb 12 | RAMCOCEM
3%₹189 Cr1,728,391
Coromandel International Ltd (Basic Materials)
Equity, Since 31 Jan 18 | 506395
3%₹184 Cr2,000,000
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Dec 12 | CHOLAFIN
3%₹167 Cr3,500,000

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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