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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 October 13, 2021 , 637 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
₹374.307 ↑ 1.40   (0.38 %)
₹4,985 on 31 Aug 21
25 May 05
Equity
Large & Mid Cap
20
Moderately High
2.15
3.07
0
2.55
Not Available
0-12 Months (1%),12 Months and above(NIL)
ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details
₹558.59 ↑ 2.54   (0.46 %)
₹3,888 on 31 Aug 21
9 Jul 98
Equity
Large & Mid Cap
31
Moderately High
2.17
2.43
-0.24
-10.29
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
6.4%
9.8%
32.1%
69.7%
23%
16%
18.4%
ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details
10.7%
19.4%
37.7%
84.9%
22.6%
16.1%
18.9%

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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 Performance2020
2019
2018
2017
2016
SBI Large and Midcap Fund
Growth
Fund Details
15.8%
6.8%
-5.3%
40.5%
0.4%
ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details
11.7%
5.7%
-6.2%
29.8%
10.3%

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 - 4.98 Yr.
ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details
₹100
₹5,000
Sankaran Naren - 9.51 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
30 Sep 16₹10,000
30 Sep 17₹11,247
30 Sep 18₹11,815
30 Sep 19₹12,412
30 Sep 20₹12,201
30 Sep 21₹20,167
Growth of 10,000 investment over the years.
ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details
DateValue
30 Sep 16₹10,000
30 Sep 17₹11,529
30 Sep 18₹11,759
30 Sep 19₹11,973
30 Sep 20₹11,314
30 Sep 21₹20,107

Detailed Portfolio Comparison

Asset Allocation
SBI Large and Midcap Fund
Growth
Fund Details
Asset ClassValue
Cash4.75%
Equity95.25%
Equity Sector Allocation
SectorValue
Consumer Cyclical23.11%
Financial Services22.55%
Industrials14.77%
Health Care8.92%
Consumer Defensive6.01%
Basic Materials5.97%
Technology5.64%
Utility3.11%
Energy1.77%
Communication Services1.47%
Real Estate1.13%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 11 | HDFCBANK
5%₹253 Cr1,600,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | ICICIBANK
5%₹230 Cr3,200,000
Page Industries Ltd (Consumer Cyclical)
Equity, Since 31 Jan 20 | 532827
5%₹228 Cr72,230
Nuvoco Vista Corp Ltd (Basic Materials)
Equity, Since 31 Aug 21 | 543334
4%₹196 Cr3,522,220
↑ 3,522,220
State Bank of India (Financial Services)
Equity, Since 31 Jul 09 | SBIN
3%₹162 Cr3,800,000
Infosys Ltd (Technology)
Equity, Since 30 Apr 18 | INFY
3%₹157 Cr920,000
Relaxo Footwears Ltd (Consumer Cyclical)
Equity, Since 31 Mar 19 | 530517
2%₹119 Cr1,000,000
Sona BLW Precision Forgings Ltd (Consumer Cyclical)
Equity, Since 30 Jun 21 | 543300
2%₹113 Cr2,268,021
Emami Ltd (Consumer Defensive)
Equity, Since 30 Jun 19 | 531162
2%₹107 Cr1,800,000
Bharat Forge Ltd (Consumer Cyclical)
Equity, Since 31 Jul 19 | 500493
2%₹107 Cr1,400,000
Asset Allocation
ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details
Asset ClassValue
Cash6.97%
Equity92.93%
Other0.1%
Equity Sector Allocation
SectorValue
Financial Services18.63%
Communication Services13.43%
Utility12.86%
Industrials9.42%
Consumer Cyclical6.68%
Consumer Defensive6.66%
Energy6.21%
Health Care6.12%
Technology5.72%
Basic Materials4.54%
Real Estate2.11%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Apr 16 | BHARTIARTL
9%₹368 Cr5,545,000
↓ -1,955,000
NTPC Ltd (Utilities)
Equity, Since 29 Feb 16 | 532555
8%₹328 Cr28,261,033
↑ 2,000,000
Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 30 Apr 17 | 500312
5%₹195 Cr16,149,797
↑ 1,149,797
Hindalco Industries Ltd (Basic Materials)
Equity, Since 31 Mar 17 | HINDALCO
4%₹158 Cr3,375,000
↓ -625,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 19 | HDFCBANK
4%₹142 Cr900,000
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Jun 16 | SUNPHARMA
3%₹133 Cr1,680,000
↓ -1,020,000
ITC Ltd (Consumer Defensive)
Equity, Since 30 Nov 16 | ITC
3%₹127 Cr6,000,000
The Federal Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | FEDERALBNK
3%₹119 Cr14,681,514
↑ 3,951,123
Tata Communications Ltd (Communication Services)
Equity, Since 31 Mar 21 | 500483
3%₹106 Cr748,017
Cholamandalam Financial Holdings Ltd (Financial Services)
Equity, Since 31 Jul 19 | 504973
2%₹95 Cr1,386,522
↓ -454,795

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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