Fincash » SBI Large and Midcap Fund Vs ICICI Pru Large & Mid Cap Fund
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SBI Large and Midcap Fund Vs ICICI Prudential Large & Mid Cap Fund
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 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 SBI Large and Midcap Fund
Growth
Fund Details ₹521.352 ↑ 0.91 (0.18 %) ₹21,270 on 31 Mar 24 25 May 05 ☆☆☆☆ Equity Large & Mid Cap 20 Moderately High 1.9 2.22 -0.11 -7.22 Not Available 0-12 Months (1%),12 Months and above(NIL) ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details ₹844.03 ↑ 6.15 (0.73 %) ₹12,307 on 31 Mar 24 9 Jul 98 ☆☆☆ Equity Large & Mid Cap 31 Moderately High 2.01 3.25 0.9 5.15 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 Performance 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since launch SBI Large and Midcap Fund
Growth
Fund Details 3.8% 3.7% 15.4% 32.6% 22.7% 18.4% 17.8% ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details 3.1% 8.2% 24.2% 46.8% 27.9% 21.1% 18.8%
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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 Performance 2023 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 Details Min SIP Investment Min Investment Fund Manager SBI Large and Midcap Fund
Growth
Fund Details ₹500 ₹5,000 Saurabh Pant - 7.56 Yr. ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details ₹100 ₹5,000 Ihab Dalwai - 1.83 Yr.
Growth of 10k Investments over the years
SBI Large and Midcap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹7,391 31 Mar 21 ₹12,968 31 Mar 22 ₹16,471 31 Mar 23 ₹17,300 31 Mar 24 ₹23,118 ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹7,134 31 Mar 21 ₹12,597 31 Mar 22 ₹16,395 31 Mar 23 ₹17,479 31 Mar 24 ₹25,520
Detailed Portfolio Comparison
SBI Large and Midcap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 6.01% Equity 93.99% Equity Sector Allocation
Sector Value Financial Services 18.94% Consumer Cyclical 16.56% Industrials 12.92% Basic Materials 11.91% Health Care 11.69% Technology 8.8% Consumer Defensive 5.72% Energy 4.73% Communication Services 1.68% Utility 1.04% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 20 | RELIANCE4% ₹906 Cr 3,100,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 11 | HDFCBANK4% ₹786 Cr 5,600,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | ICICIBANK4% ₹779 Cr 7,400,000 State Bank of India (Financial Services)
Equity, Since 31 Jul 09 | SBIN3% ₹621 Cr 8,300,000
↑ 1,050,000 HDFC Asset Management Co Ltd (Financial Services)
Equity, Since 31 Mar 23 | HDFCAMC3% ₹602 Cr 1,604,000 Coforge Ltd (Technology)
Equity, Since 31 Aug 23 | COFORGE2% ₹486 Cr 741,000 Infosys Ltd (Technology)
Equity, Since 30 Apr 18 | INFY2% ₹485 Cr 2,900,000 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Jul 20 | SUNPHARMA2% ₹458 Cr 2,900,000 National Aluminium Co Ltd (Basic Materials)
Equity, Since 31 Jul 23 | 5322342% ₹452 Cr 28,995,000 Abbott India Ltd (Healthcare)
Equity, Since 30 Sep 22 | ABBOTINDIA2% ₹441 Cr 155,000 ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 4.59% Equity 95.41% Equity Sector Allocation
Sector Value Financial Services 24.93% Consumer Cyclical 13.32% Health Care 9.69% Industrials 8.82% Energy 8.16% Basic Materials 7.39% Utility 6.6% Consumer Defensive 5.33% Technology 5.3% Communication Services 3.99% Real Estate 1.88% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 06 | ICICIBANK7% ₹794 Cr 7,548,374 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 22 | MARUTI5% ₹555 Cr 491,399
↓ -12,050 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 19 | HDFCBANK4% ₹488 Cr 3,480,000
↑ 1,180,000 NTPC Ltd (Utilities)
Equity, Since 29 Feb 16 | 5325553% ₹371 Cr 11,066,000
↓ -1,434,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 18 | INFY3% ₹336 Cr 2,010,000 SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Nov 22 | SBICARD3% ₹311 Cr 4,324,161 Reliance Industries Ltd (Energy)
Equity, Since 31 May 22 | RELIANCE3% ₹293 Cr 1,004,217 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Apr 16 | BHARTIARTL3% ₹286 Cr 2,544,328 Hindustan Petroleum Corp Ltd (Energy)
Equity, Since 31 Aug 22 | HINDPETRO2% ₹276 Cr 5,412,060
↓ -366,056 Gujarat Gas Ltd (Utilities)
Equity, Since 31 Jul 22 | GUJGASLTD2% ₹249 Cr 4,401,045
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.
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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