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Fincash » SBI Large and Midcap Fund Vs ICICI Pru Large & Mid Cap Fund

SBI Large and Midcap Fund Vs ICICI Prudential Large & Mid Cap Fund

Updated on June 12, 2024 , 2503 views

SBI Large and Midcap Fund Vs ICICI Prudential Large & Mid Cap Fund belongs the same category of Equity Funds- large & mid cap. These funds are a combination of both large and mid cap funds. As per the norms, Large cap funds will invest at least 80 percent of its total assets in the top 100 listed stocks by Market capitalisation. And, mid-cap funds will invest at least 65 percent of its total assets in companies ranked between 101st to the 250th company in terms of full market capitalisation. This comparison is done do that investors can make a better investment decision between to similar scheme that are performing well. So let's have a look.

SBI Large and Midcap Fund (Erstwhile SBI Magnum Multiplier Fund)

SBI Large and Midcap Fund (earlier known as SBI Magnum Multiplier Fund) is a part of SBI Mutual Fund that uses S&P BSE 200 Index as its Portfolio to construct its portfolio. SBI Large and Midcap Fund is suitable for investors seeking for Capital appreciation along with an investment horizon of long-term. This scheme invests its accumulated fund money in shares of large-cap and mid-cap companies.

As on June 30th, 2018, some of the top holdings of SBI Large and Midcap Fund consisted HDFC Bank Ltd, Jubilant Foodworks Ltd, Infosys Ltd, ICICI Bank Ltd, Bharti Airtel Ltd, etc.

ICICI Prudential Large & Mid Cap Fund (Erstwhile ICICI Prudential Top 100 Fund)

ICICI Prudential Large & Mid Cap Fund (earlier known as ICICI Prudential Top 100 Fund) was incepted on July 09, 1998. This scheme uses Nifty 50 as its benchmark index to formulate its basket of assets. The scheme aims to invest predominantly in equity and equity-related securities thereby; achieving capital growth in the long-term. One of the advantages of ICICI Prudential Large & Mid Cap Fund is it offers mitigated risk through diversification across sectors.

Some of the top holdings of ICICI Prudential Large & Mid Cap Fund as on June 30th are Cblo, NTPC Ltd, The Federal Bank Ltd, Oil & Natural Gas Corp Ltd, Infosys Ltd, State Bank of India, etc.

SBI Large and Midcap Fund Vs ICICI Prudential Large & Mid Cap Fund

Both SBI Large and Midcap Fund and ICICI Prudential Large & Mid Cap Fund belong to the same category of diversified fund. However, there are numerous differences between them. So, let us analyze the differences between both the schemes on the Basis of four sections given below.

Basics Section

Being the first section, it compares parameters such as current NAV, AUM, scheme category, Fincash Rating, etc. As per the scheme category, both the scheme belongs to the same Mutual Fund category, i.e., Large & Mid Cap.

As per Fincash Rating, it can be said that SBI Mutual Fund’s scheme is rated as a 4-Star scheme, while ICICI Pru's scheme is rated as 3-Star.

The summary of the basics section is tabulated 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
SBI Large and Midcap Fund
Growth
Fund Details
₹569.616 ↑ 1.56   (0.28 %)
₹22,689 on 30 Apr 24
25 May 05
Equity
Large & Mid Cap
20
Moderately High
1.9
2.25
-0.12
-6.6
Not Available
0-12 Months (1%),12 Months and above(NIL)
ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details
₹914.07 ↑ 3.78   (0.42 %)
₹13,117 on 30 Apr 24
9 Jul 98
Equity
Large & Mid Cap
31
Moderately High
2.01
3.3
0.86
5.67
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance Section

Compounded Annual Growth Rate or CAGR returns is the comparable parameter forming part of the basics section. The CAGR returns are compared at different time intervals such as 1 Month Return, 6 Month Return, 3 Year Return, and Return since Inception. The comparison of performance section shows that in certain instances, SBI Large and Midcap Fund leads the race, while in others ICICI Prudential Large & Mid Cap Fund leads the race. 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
SBI Large and Midcap Fund
Growth
Fund Details
8.2%
14.1%
18.2%
34.8%
20.5%
20.7%
18.2%
ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details
6.5%
13%
21.4%
47.6%
25.9%
22.8%
19%

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Yearly Performance Section

The comparison of the absolute returns for a particular year earned by both the schemes is done in the yearly performance section. The comparison of absolute returns states that in certain years SBI Large and Midcap Fund has done better than ICICI Prudential Large & Mid Cap Fund. The table given below shows the summary comparison of the absolute returns section.

Parameters
Yearly Performance2023
2022
2021
2020
2019
SBI Large and Midcap Fund
Growth
Fund Details
26.8%
7.3%
39.3%
15.8%
6.8%
ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details
29.9%
11.7%
41.8%
11.7%
5.7%

Other Details Section

Being the last section in the comparison, it includes parameters such as minimum SIP investment and minimum lumpsum investment. The minimum lump sum investment for both the schemes is same, that is, INR 5,000. However, the minimum SIP investment is different for both the schemes. The SIP amount in case of ICICI Pru Large & Mid Cap Fund is INR 1,000 and of SBI Large and Midcap Fund is INR 500.

SBI Large and Midcap Fund is solely managed by Mr. Saurabh Pant.

ICICI Prudential Large & Mid Cap Fund is managed by Sankaran Naren.

The summary comparison of the other details section is tabulated as follows.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
SBI Large and Midcap Fund
Growth
Fund Details
₹500
₹5,000
Saurabh Pant - 7.64 Yr.
ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details
₹100
₹5,000
Ihab Dalwai - 1.92 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
SBI Large and Midcap Fund
Growth
Fund Details
DateValue
31 May 19₹10,000
31 May 20₹8,045
31 May 21₹14,127
31 May 22₹15,445
31 May 23₹18,397
31 May 24₹24,083
Growth of 10,000 investment over the years.
ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details
DateValue
31 May 19₹10,000
31 May 20₹7,893
31 May 21₹13,300
31 May 22₹15,754
31 May 23₹18,315
31 May 24₹26,142

Detailed Portfolio Comparison

Asset Allocation
SBI Large and Midcap Fund
Growth
Fund Details
Asset ClassValue
Cash2.62%
Equity97.38%
Equity Sector Allocation
SectorValue
Financial Services21.85%
Consumer Cyclical16.02%
Industrials13.88%
Basic Materials13.32%
Health Care10.26%
Technology8.5%
Consumer Defensive5.39%
Energy4.36%
Communication Services2.49%
Utility1.32%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 11 | HDFCBANK
4%₹988 Cr6,500,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 20 | RELIANCE
4%₹910 Cr3,100,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | ICICIBANK
4%₹851 Cr7,400,000
State Bank of India (Financial Services)
Equity, Since 31 Jul 09 | SBIN
3%₹686 Cr8,300,000
HDFC Asset Management Co Ltd (Financial Services)
Equity, Since 31 Mar 23 | HDFCAMC
3%₹664 Cr1,704,566
↑ 100,566
Muthoot Finance Ltd (Financial Services)
Equity, Since 30 Jun 22 | 533398
3%₹660 Cr3,835,645
↑ 753,500
Voltas Ltd (Industrials)
Equity, Since 30 Nov 22 | VOLTAS
2%₹560 Cr3,800,000
National Aluminium Co Ltd (Basic Materials)
Equity, Since 31 Jul 23 | 532234
2%₹537 Cr28,995,000
Abbott India Ltd (Healthcare)
Equity, Since 30 Sep 22 | ABBOTINDIA
2%₹529 Cr200,000
↑ 45,000
Shree Cement Ltd (Basic Materials)
Equity, Since 30 Apr 23 | 500387
2%₹489 Cr200,000
↑ 88,319
Asset Allocation
ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details
Asset ClassValue
Cash3.47%
Equity96.53%
Equity Sector Allocation
SectorValue
Financial Services25.2%
Consumer Cyclical14.41%
Industrials9.58%
Health Care9.03%
Basic Materials7.85%
Energy7.65%
Consumer Defensive6.61%
Utility6.18%
Technology4.48%
Communication Services3.62%
Real Estate1.93%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 06 | ICICIBANK
7%₹868 Cr7,548,374
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 22 | MARUTI
4%₹553 Cr431,399
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 19 | HDFCBANK
4%₹549 Cr3,610,000
↑ 20,000
NTPC Ltd (Utilities)
Equity, Since 29 Feb 16 | 532555
3%₹402 Cr11,066,000
SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Nov 22 | SBICARD
3%₹387 Cr5,317,238
Hindustan Petroleum Corp Ltd (Energy)
Equity, Since 31 Aug 22 | HINDPETRO
3%₹353 Cr7,122,160
↑ 1,510,100
Infosys Ltd (Technology)
Equity, Since 31 Dec 18 | INFY
2%₹311 Cr2,187,596
↑ 77,596
Bharat Forge Ltd (Consumer Cyclical)
Equity, Since 31 Oct 20 | 500493
2%₹302 Cr2,374,677
↑ 155,570
Reliance Industries Ltd (Energy)
Equity, Since 31 May 22 | RELIANCE
2%₹295 Cr1,004,217
Gujarat Gas Ltd (Utilities)
Equity, Since 31 Jul 22 | GUJGASLTD
2%₹279 Cr5,097,153
↑ 343,509

As a result, from the above-mentioned pointers, it can be said that both the schemes differ on account of numerous parameters. Therefore, individuals should pay extra caution before Investing in any of the schemes. They should check whether the scheme matches their investment objective or not and understand its modalities completely. This will help them to achieve their goals on time along with ensuring their investment is safe.

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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