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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 March 27, 2023 , 1396 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
₹380.052 ↑ 4.13   (1.10 %)
₹9,441 on 28 Feb 23
25 May 05
Equity
Large & Mid Cap
20
Moderately High
2.1
0.33
-0.16
4.32
Not Available
0-12 Months (1%),12 Months and above(NIL)
ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details
₹560.96 ↑ 4.89   (0.88 %)
₹7,044 on 28 Feb 23
9 Jul 98
Equity
Large & Mid Cap
31
Moderately High
2.09
0.49
0.35
5.62
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
-0.9%
-3.7%
-0.6%
4.9%
31.9%
12.8%
16.9%
ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details
-1.4%
-4.9%
2.4%
6.3%
34.2%
12.6%
17.7%

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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 Performance2022
2021
2020
2019
2018
SBI Large and Midcap Fund
Growth
Fund Details
7.3%
39.3%
15.8%
6.8%
-5.3%
ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details
11.7%
41.8%
11.7%
5.7%
-6.2%

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 - 6.47 Yr.
ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details
₹100
₹5,000
Ihab Dalwai - 0.75 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
28 Feb 18₹10,000
28 Feb 19₹9,588
29 Feb 20₹10,625
28 Feb 21₹13,345
28 Feb 22₹16,268
28 Feb 23₹17,835
Growth of 10,000 investment over the years.
ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details
DateValue
28 Feb 18₹10,000
28 Feb 19₹9,371
29 Feb 20₹9,795
28 Feb 21₹12,839
28 Feb 22₹15,915
28 Feb 23₹17,715

Detailed Portfolio Comparison

Asset Allocation
SBI Large and Midcap Fund
Growth
Fund Details
Asset ClassValue
Cash7.31%
Equity92.69%
Equity Sector Allocation
SectorValue
Financial Services22.17%
Consumer Cyclical18.76%
Industrials13.44%
Health Care9.72%
Consumer Defensive8.8%
Basic Materials8.49%
Technology4.85%
Energy3.57%
Communication Services1.89%
Utility1.02%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | ICICIBANK
6%₹547 Cr6,400,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 11 | HDFCBANK
5%₹454 Cr2,840,000
Infosys Ltd (Technology)
Equity, Since 30 Apr 18 | INFY
4%₹378 Cr2,540,000
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jan 21 | ITC
3%₹313 Cr8,300,000
↑ 1,800,000
State Bank of India (Financial Services)
Equity, Since 31 Jul 09 | SBIN
3%₹293 Cr5,600,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 22 | 532215
3%₹287 Cr3,397,319
Page Industries Ltd (Consumer Cyclical)
Equity, Since 31 Jan 20 | 532827
3%₹274 Cr72,230
Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 30 Jun 18 | 500850
3%₹256 Cr8,222,222
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 20 | RELIANCE
3%₹255 Cr1,100,000
ACC Ltd (Basic Materials)
Equity, Since 31 Oct 22 | 500410
2%₹222 Cr1,280,000
↑ 418,539
Asset Allocation
ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details
Asset ClassValue
Cash5.32%
Equity94.68%
Equity Sector Allocation
SectorValue
Financial Services31.97%
Consumer Cyclical12.01%
Energy9.08%
Industrials8.83%
Health Care8.22%
Technology7.27%
Communication Services7.02%
Utility5.1%
Consumer Defensive2.36%
Basic Materials2.21%
Real Estate0.45%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 19 | HDFCBANK
7%₹512 Cr3,200,000
↑ 100,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Apr 16 | BHARTIARTL
5%₹318 Cr4,280,000
↑ 180,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 06 | ICICIBANK
4%₹291 Cr3,400,000
↑ 100,000
NTPC Ltd (Utilities)
Equity, Since 29 Feb 16 | 532555
4%₹268 Cr15,745,543
↑ 1,262,183
Reliance Industries Ltd (Energy)
Equity, Since 31 May 22 | RELIANCE
3%₹246 Cr1,060,000
↑ 560,000
Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 31 Mar 22 | 500312
3%₹225 Cr14,798,247
↑ 1,843,247
Infosys Ltd (Technology)
Equity, Since 31 Dec 18 | INFY
3%₹219 Cr1,470,000
↑ 200,000
TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 28 Feb 21 | 532343
3%₹188 Cr1,736,000
↑ 100,000
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 22 | MARUTI
3%₹183 Cr211,678
↑ 38,165
ICICI Lombard General Insurance Co Ltd (Financial Services)
Equity, Since 31 Oct 21 | ICICIGI
3%₹179 Cr1,628,992

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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