SBI Magnum mid cap fund and HDFC Mid-cap Opportunities Fund both belong to the mid-cap category of Equity Funds. Though both the schemes invest their corpus in shares mid-cap companies, nevertheless; both the schemes differ on account of various parameters. In simple terms, the market capitalization of mid-cap companies ranges between INR 500 – INR 10,000 Crores. These companies in many instances have outperformed the performance of large-cap companies. These funds form the middle of the pyramid when equity funds are classified on the basis of market capitalization. These companies are considered to be adaptable to changes and have the potential to form part of large-cap companies. So, let us understand the differences between SBI Magnum Mid Cap Fund and HDFC Mid-cap Opportunities Fund through this article.
SBI Magnum Midcap Fund is managed and offered by SBI Mutual Fund under the mid-cap category of equity funds. This scheme was launched in the year 2005 and its uses Nifty MidSmallcap 400 Index as its base to build its Portfolio. This scheme is suitable for individuals looking for capital growth and whose investment tenure is long. The investment objective of this scheme is to attain capital appreciation by Investing in a diversified portfolio comprising of equity stocks of midcap companies. Based on the Asset Allocation of the scheme, SBI Magnum Mid Cap Fund can invest around 65-100% of its fund money in shares of mid-cap companies. This scheme is solely managed by Ms. Sohini Andani. As on March 31, 2018, some of the top constituents of portfolio consisted of Cholamandalam Finance and Investment Company Limited, Dixon Technologies (India) Limited, Godrej Properties Limited, and Carborundum Universal Limited.
This scheme is a part of HDFC Mutual Fund and was launched on June 25, 2007. The objective of this scheme is to attain capital appreciation that is generated from a portfolio that primarily consists of equity and equity-related instruments of mid and small cap companies. The Fund managers managing the HDFC Mid-cap Opportunities Fund are Mr. Rakesh Vyas and Mr. Chirag Setalvad. This scheme uses two indexes as the base to construct its portfolio. The primary index is NIFTY Midcap 100 Index while the additional one is NIFTY 50 Index. As on March 31, 2018, some of the constituents of HDFC Mid-cap opportunities Fund included MRF Limited, Apollo Tyres Limited, Exide Industries Limited, and City Union Bank Limited.
Though both the schemes belong to the same category of equity funds yet; there are differences between them. So, let understand the differences between these schemes with the help of four sections that are as follows.
Current NAV, scheme category, Fincash Rating, and others are some of the components that form part of the basics section. With respect to Fincash Rating, it can be said that both the schemes are rated as 3-Star schemes. The NAV comparison also shows that there is a difference between the NAV of both the schemes. The NAV of SBI Magnum Mid Cap Fund was approximately INR 83 while of HDFC Mid-cap Opportunities Fund was around INR 59 as of April 24, 2018. Even the comparison of scheme category reveals that both schemes are a part of the same category, that is, Equity Mid & Small-cap. The comparison of basics section is summarized in the table given below.
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 Magnum Mid Cap Fund
Growth
Fund Details ₹218.494 ↑ 1.09 (0.50 %) ₹22,424 on 31 Jan 26 29 Mar 05 ☆☆☆ Equity Mid Cap 28 Moderately High 1.67 -0.27 -1.22 -7.67 Not Available 0-1 Years (1%),1 Years and above(NIL) HDFC Mid-Cap Opportunities Fund
Growth
Fund Details ₹186.475 ↑ 0.53 (0.28 %) ₹92,187 on 31 Jan 26 25 Jun 07 ☆☆☆ Equity Mid Cap 24 Moderately High 1.4 0.49 0.47 3.73 Not Available 0-1 Years (1%),1 Years and above(NIL)
It is the second section in the comparison of the schemes. Here, the differences in the Compounded Annual Growth Rate or CAGR returns for different time intervals are compared. The comparison of performance section shows that in many instances, HDFC Mid-cap Opportunities Fund has performed better. The table given below shows the summary of comparison section.
Parameters Performance 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since launch SBI Magnum Mid Cap Fund
Growth
Fund Details -7.1% -5.4% -6% 3.7% 15.4% 15.6% 15.8% HDFC Mid-Cap Opportunities Fund
Growth
Fund Details -8.8% -7.3% -5.4% 13.9% 23.2% 20.6% 16.9%
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This section compares the absolute returns of both the schemes for a particular year. The comparison of yearly performance section also reveals that in many instances, HDFC Mid-cap Opportunities Fund leads the race. The summary comparison of yearly performance section is tabulated as follows.
Parameters Yearly Performance 2024 2023 2022 2021 2020 SBI Magnum Mid Cap Fund
Growth
Fund Details 0.4% 20.3% 34.5% 3% 52.2% HDFC Mid-Cap Opportunities Fund
Growth
Fund Details 6.8% 28.6% 44.5% 12.3% 39.9%
This being the last section, compares elements such as AUM, minimum SIP and lumpsum investment. The begin with the AUM, we can find a drastic difference between the AUM of the schemes. As on March 31, 2018, the AUM of SBI Magnum Mid Cap Fund is approximately INR 3,799 Crores while of HDFC Mid-cap Opportunities Fund is around INR 19,339 Crores. The minimum SIP and lumpsum amount for both the schemes is same. The minimum SIP amount for both the same is INR 500 while the lumpsum amount is INR 5,000. The table given below summarizes the comparison of other details section.
Parameters Other Details Min SIP Investment Min Investment Fund Manager SBI Magnum Mid Cap Fund
Growth
Fund Details ₹500 ₹5,000 Bhavin Vithlani - 1.91 Yr. HDFC Mid-Cap Opportunities Fund
Growth
Fund Details ₹300 ₹5,000 Chirag Setalvad - 18.69 Yr.
SBI Magnum Mid Cap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 28 Feb 21 ₹10,000 28 Feb 22 ₹12,544 28 Feb 23 ₹13,700 29 Feb 24 ₹18,827 28 Feb 25 ₹19,322 28 Feb 26 ₹22,075 HDFC Mid-Cap Opportunities Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 28 Feb 21 ₹10,000 28 Feb 22 ₹12,075 28 Feb 23 ₹13,751 29 Feb 24 ₹21,632 28 Feb 25 ₹22,402 28 Feb 26 ₹27,912
SBI Magnum Mid Cap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 6.07% Equity 93.8% Debt 0.12% Equity Sector Allocation
Sector Value Financial Services 25.67% Industrials 15.88% Consumer Cyclical 14.11% Basic Materials 9.75% Utility 6.56% Health Care 5.28% Technology 4.58% Real Estate 4.18% Consumer Defensive 4.06% Energy 1.89% Communication Services 1.85% Top Securities Holdings / Portfolio
Name Holding Value Quantity Torrent Power Ltd (Utilities)
Equity, Since 30 Jun 19 | TORNTPOWER4% ₹909 Cr 5,800,000
↓ -700,000 Bharat Heavy Electricals Ltd (Industrials)
Equity, Since 31 May 25 | BHEL3% ₹795 Cr 30,000,000 CRISIL Ltd (Financial Services)
Equity, Since 30 Apr 21 | CRISIL3% ₹744 Cr 1,700,000
↑ 50,000 Sundaram Finance Ltd (Financial Services)
Equity, Since 30 Sep 22 | SUNDARMFIN3% ₹744 Cr 1,350,000
↓ -140,000 Supreme Industries Ltd (Industrials)
Equity, Since 31 Dec 25 | SUPREMEIND3% ₹712 Cr 1,790,000
↑ 390,250 Mahindra & Mahindra Financial Services Ltd (Financial Services)
Equity, Since 31 Jan 15 | M&MFIN3% ₹711 Cr 19,000,000 Bharat Forge Ltd (Consumer Cyclical)
Equity, Since 31 Oct 20 | BHARATFORG3% ₹688 Cr 3,600,000
↓ -900,000 Max Financial Services Ltd (Financial Services)
Equity, Since 30 Apr 25 | MFSL3% ₹653 Cr 3,600,000
↑ 600,000 AIA Engineering Ltd (Industrials)
Equity, Since 30 Apr 24 | AIAENG3% ₹651 Cr 1,689,832
↓ -110,168 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Oct 12 | FEDERALBNK3% ₹627 Cr 20,905,000
↓ -6,095,000 HDFC Mid-Cap Opportunities Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 5.77% Equity 94.23% Equity Sector Allocation
Sector Value Financial Services 28.67% Consumer Cyclical 16.45% Health Care 13.6% Industrials 9.76% Technology 7.74% Consumer Defensive 6.96% Basic Materials 5.12% Energy 2.58% Communication Services 2.42% Utility 0.93% Top Securities Holdings / Portfolio
Name Holding Value Quantity Max Financial Services Ltd (Financial Services)
Equity, Since 31 Oct 14 | MFSL5% ₹4,677 Cr 25,792,853 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | FEDERALBNK4% ₹3,833 Cr 127,825,000 AU Small Finance Bank Ltd (Financial Services)
Equity, Since 30 Nov 23 | AUBANK4% ₹3,766 Cr 39,301,056 Indian Bank (Financial Services)
Equity, Since 31 Oct 11 | INDIANB4% ₹3,650 Cr 36,854,482 Balkrishna Industries Ltd (Consumer Cyclical)
Equity, Since 31 Mar 12 | BALKRISIND3% ₹3,185 Cr 13,361,745
↑ 137,445 Fortis Healthcare Ltd (Healthcare)
Equity, Since 30 Nov 23 | FORTIS3% ₹2,912 Cr 30,887,194
↑ 2,499,854 Ipca Laboratories Ltd (Healthcare)
Equity, Since 31 Jul 07 | IPCALAB3% ₹2,751 Cr 17,994,512 Glenmark Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Jan 18 | GLENMARK3% ₹2,738 Cr 12,815,305
↑ 139,865 Vishal Mega Mart Ltd (Consumer Cyclical)
Equity, Since 31 Jan 25 | VMM3% ₹2,513 Cr 213,395,832
↑ 39,978,023 Hindustan Petroleum Corp Ltd (Energy)
Equity, Since 30 Sep 21 | HINDPETRO3% ₹2,436 Cr 55,530,830
Therefore, from the above pointers, it can be said that both the schemes differ due to various parameters. Therefore, individuals should be cautious while choosing the schemes by checking whether it matches their investment objective or not. They should also understand the modalities of the scheme completely. This will help individuals to attain their objectives completely in a hassle-free manner.