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Fincash » SBI Blue Chip Vs SBI Magnum Multicap Fund

SBI Blue Chip Fund Vs SBI Magnum Multicap Fund

Updated on February 20, 2020 , 3484 views

SBI Blue Chip Fund and SBI Magnum Multicap Fund belong to different categories of Mutual Fund schemes. SBI Blue Chip Fund is a part of the large-cap fund while SBI Magnum Multicap Fund is a part of diversified Equity Fund. Large cap funds invest their corpus in shares of companies whose market capitalization is above INR 10,000 Crores. On the other hand, Diversified Funds invest their accumulated fund money in equity and equity-related instruments of companies across market capitalization. Diversified funds are also known as Multicap or Flexicap funds. Though SBI Blue Chip Fund and SBI Magnum Multicap Fund belong to different categories yet, individuals compare them to understand which category of Mutual Fund scheme suits their requirements. So, let’s understand the differences between both the schemes through this article.

SBI Blue Chip Fund

The aim of SBI Blue Chip Fund is to achieve capital growth in the long-term from a varied portfolio of equity stocks mostly belonging to the large-cap category. The scheme belongs to the large-cap category and is managed by SBI Mutual Fund. SBI Blue Chip Fund was launched on February 14, 2006. As on March 31, 2018.

Top holdings of SBI Blue Chip Fund’s portfolio included HDFC Bank Limited, Larsen & Toubro Limited, ITC Limited, and Nestle India Limited.

This scheme is suitable for individuals seeking to invest Indian bluechip companies and having an investment tenure of medium to long-term. SBI Blue Chip Fund is solely managed by Ms. Sohini Andani. As per the Asset Allocation composition of SBI Blue Chip Fund, it invests around 70-100% of its investment in equity and equity-related instruments while the remaining in money market instruments.

SBI Magnum Multicap Fund

SBI Magnum Multicap Fund was incepted on September 29, 2005, and it uses S&P BSE 500 Index to construct its portfolio. SBI Magnum Multicap Fund is offered by SBI Mutual Fund under the Multicap Mutual Fund category. The goal of this scheme is to attain long-term capital appreciation along with liquidity by Investing in a diversified basket of equity stocks across market capitalization. As per the asset allocation objective of the scheme, it invests 50-90% in large-cap funds, 10-40% in mid cap funds, and 0-10% in small cap stocks.

HDFC Bank Limited, Indian Oil Corporation Limited, ICICI Bank Limited, and Bharti Airtel Limited are some of the constituents that form part of Top 10 Holdings of SBI Magnum Multicap Fund’s portfolio as on March 31, 2018.

SBI Blue Chip Fund Vs SBI Magnum Multicap Fund

SBI Blue Chip Fund and SBI Magnum Multicap Fund do exhibit differences with respect to various parameters since they do not belong to the same category of Mutual Funds. So, let’s understand the differences between both the schemes with respect to various parameters that are divided into four sections, namely, basics section, performance section, yearly performance section, and other details section.

Basics Section

Parameters such as current NAV, scheme category, and Fincash Rating form part of the basics section. It is the first section in the comparison of both the schemes. The comparison of scheme category reveals that both the schemes belong to the different category, where one scheme is Equity Large-Cap while the other one is Equity Diversified.

Fincash Rating for both SBI Blue Chip Fund and SBI Magnum Multicap Fund are 4-Star rated schemes.

The comparison of current NAV also reveals that there is a difference in the NAV of both the schemes. The NAV of SBI Blue Chip Fund is approximately INR 38 and of SBI Magnum Multicap Fund is nearly INR 48 as of April 23, 2018. The table given below shows the comparison summary of the basics section.

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
SBI Bluechip Fund
Growth
Fund Details
₹41.5944 ↓ -0.05   (-0.11 %)
₹23,625 on 31 Jan 20
14 Feb 06
Equity
Large Cap
9
Moderately High
2.23
0.93
-0.61
3.6
Not Available
0-1 Years (1%),1 Years and above(NIL)
SBI Magnum Multicap Fund
Growth
Fund Details
₹52.3762 ↑ 0.12   (0.23 %)
₹8,760 on 31 Jan 20
29 Sep 05
Equity
Multi Cap
9
Moderately High
2.31
0.93
-0.03
3.71
Not Available
0-6 Months (1%),6-12 Months (0.5%),12 Months and above(NIL)

Performance Section

This section compares the CAGR or Compounded Annual Growth Rate Returns between both the schemes at different time intervals. Some of the time intervals where the comparison is done include 1 Month Return, 6 Month Return, 5 Year Return, and Returns since inception. The comparison of performance section reveals that for certain time intervals, SBI Blue Chip Fund has done well while in others, SBI Magnum Multicap Fund has done well. The comparison summary of the performance section is as shown in the table given below.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
SBI Bluechip Fund
Growth
Fund Details
-0.6%
0.8%
10.9%
16.7%
8.7%
7.8%
10.7%
SBI Magnum Multicap Fund
Growth
Fund Details
0.5%
2.7%
11.1%
17.9%
10%
10%
0%

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Yearly Performance Section

It is the third section in the comparison of the scheme which analyses the difference between the absolute returns of both the schemes for a particular year. The analysis of yearly performance section shows that in most instances, the performance of SBI Magnum Multicap Fund has been better. The comparison of the yearly performance section is summarized in the table given below.

Parameters
Yearly Performance2019
2018
2017
2016
2015
SBI Bluechip Fund
Growth
Fund Details
11.6%
-4.1%
30.2%
4.8%
8%
SBI Magnum Multicap Fund
Growth
Fund Details
11%
-5.5%
37%
5.8%
9.8%

Other Details Section

It is the last section, in the comparison of both the schemes. The elements forming part of this section include AUM, minimum SIP and lumpsum investment, and exit load. With respect to the AUM, it can be said that there is a drastic difference between the schemes.

As on March 31, 2018, the AUM of SBI Blue Chip Fund was approximately INR 17,724 Crores while of SBI Magnum Multicap Fund was approximately INR 4,704 Crores.

The minimum SIP investment for both the schemes is same, that is, INR 500. However, there is a difference in the lumpsum investment for both the schemes. For SBI Blue Chip Fund, the lumpsum amount is INR 5,000 while for SBI Magnum Multicap Fund, it is INR 1,000. Also, the exit load for both the schemes is different. In case of SBI Magnum Multicap Fund, the exit load is 1% if the redemption is done within six months from the date of investment. Further, it is 0.5%, if the redemption is done within 6-12 months and Nil if the redemption is done after 12 months from the date of investment. However, for SBI Blue Chip Fund the exit load is 1% if the redemption is done within 12 months from the date of purchase and nil if the redemption is done after 12 months. The table given below shows the comparison summary of other details section.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
SBI Bluechip Fund
Growth
Fund Details
₹500
₹5,000
Sohini Andani - 9.34 Yr.
SBI Magnum Multicap Fund
Growth
Fund Details
₹500
₹1,000
Anup Upadhyay - 2.91 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
SBI Bluechip Fund
Growth
Fund Details
DateValue
31 Jan 15₹10,000
31 Jan 16₹9,800
31 Jan 17₹11,159
31 Jan 18₹14,019
31 Jan 19₹12,967
31 Jan 20₹14,889
Growth of 10,000 investment over the years.
SBI Magnum Multicap Fund
Growth
Fund Details
DateValue
31 Jan 15₹10,000
31 Jan 16₹9,873
31 Jan 17₹11,608
31 Jan 18₹15,207
31 Jan 19₹14,096
31 Jan 20₹16,108

Detailed Assets & Holdings Comparison

Asset Allocation
SBI Bluechip Fund
Growth
Fund Details
Asset ClassValue
Cash5.68%
Equity94.32%
Equity Sector Allocation
SectorValue
Financial Services41.47%
Consumer Defensive8.78%
Consumer Cyclical8.64%
Industrials8.38%
Energy7.32%
Basic Materials5.74%
Technology5.02%
Health Care3.95%
Real Estate2.61%
Utility2.03%
Communication Services0.39%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 09 | HDFCBANK
10%₹2,286 Cr17,970,378
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | ICICIBANK
7%₹1,732 Cr32,143,104
Treps
CBLO/Reverse Repo | -
5%₹1,275 Cr
ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC
4%₹992 Cr41,713,904
Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 09 | LT
4%₹982 Cr7,562,209
Nestle India Ltd (Consumer Defensive)
Equity, Since 31 May 16 | NESTLEIND
4%₹938 Cr634,722
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Nov 15 | HDFC
4%₹920 Cr3,812,989
Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | 532215
4%₹913 Cr12,101,751
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 15 | RELIANCE
4%₹873 Cr5,768,354
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Mar 16 | KOTAKBANK
4%₹861 Cr5,110,470
Asset Allocation
SBI Magnum Multicap Fund
Growth
Fund Details
Asset ClassValue
Cash2.5%
Equity97.5%
Equity Sector Allocation
SectorValue
Financial Services34.63%
Basic Materials11.42%
Consumer Cyclical9.87%
Industrials9.47%
Technology8.21%
Consumer Defensive6.33%
Utility6.3%
Energy4.44%
Health Care3.28%
Communication Services2.49%
Real Estate0.11%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | HDFCBANK
9%₹748 Cr5,878,212
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 17 | ICICIBANK
7%₹593 Cr11,004,935
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Oct 19 | TCS
5%₹421 Cr1,947,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 13 | KOTAKBANK
4%₹374 Cr2,222,074
Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 18 | 532215
4%₹329 Cr4,356,549
State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN
3%₹290 Cr8,693,600
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 19 | LT
3%₹282 Cr2,175,000
↑ 264,000
HCL Technologies Ltd (Technology)
Equity, Since 30 Apr 19 | HCLTECH
3%₹275 Cr4,839,600
↑ 400,000
Hindalco Industries Ltd (Basic Materials)
Equity, Since 31 Mar 17 | HINDALCO
3%₹251 Cr11,600,324
↑ 3,750,000
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Jan 13 | MARUTI
3%₹249 Cr337,810

Thus, from the above pointers, it can be said that both the schemes differ on account of various parameters. Resultantly, individuals should be careful while choosing any of the schemes. They should analyse their requirements and check whether it matches with the objective of the scheme or not. If required, individuals can also consult a financial advisor. This will help them 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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