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Fincash » SBI Magnum Mid Cap Vs HDFC Mid-cap Opportunities Fund

SBI Magnum Mid Cap Fund Vs HDFC Mid-cap Opportunities Fund

Updated on November 15, 2019 , 424 views

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 Mid Cap Fund

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.

HDFC Mid-cap Opportunities Fund

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.

SBI Magnum Mid Cap Fund Vs HDFC Mid-cap Opportunities Fund

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.

Basics Section

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
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 Magnum Mid Cap Fund
Growth
Fund Details
₹70.3649 ↑ 0.27   (0.39 %)
₹3,456 on 30 Sep 19
29 Mar 05
Equity
Mid Cap
28
Moderately High
2.47
-0.1
0
3.09
Not Available
0-1 Years (1%),1 Years and above(NIL)
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
₹52.711 ↑ 0.46   (0.89 %)
₹22,025 on 30 Sep 19
25 Jun 07
Equity
Mid Cap
24
Moderately High
2.17
-0.17
0.44
5.04
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance Section

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
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
SBI Magnum Mid Cap Fund
Growth
Fund Details
5.2%
7.4%
1.6%
0.9%
2.4%
6.8%
14.3%
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
5.1%
6.5%
1.8%
2.1%
7.1%
9%
14.4%

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Yearly Performance Section

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 Performance2018
2017
2016
2015
2014
SBI Magnum Mid Cap Fund
Growth
Fund Details
-18%
33.5%
5%
14.9%
71.9%
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
-11.2%
41.7%
11.3%
5.8%
76.6%

Other Details Section

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 DetailsMin SIP Investment
Min Investment
Fund Manager
SBI Magnum Mid Cap Fund
Growth
Fund Details
₹500
₹5,000
Sohini Andani - 8.84 Yr.
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
₹500
₹5,000
Chirag Setalvad - 12.28 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
SBI Magnum Mid Cap Fund
Growth
Fund Details
DateValue
31 Oct 14₹10,000
31 Oct 15₹12,090
31 Oct 16₹14,677
31 Oct 17₹16,137
31 Oct 18₹13,656
31 Oct 19₹14,231
Growth of 10,000 investment over the years.
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
DateValue
31 Oct 14₹10,000
31 Oct 15₹11,395
31 Oct 16₹14,074
31 Oct 17₹17,107
31 Oct 18₹15,616
31 Oct 19₹16,049

Detailed portfolio Comparison

Asset Allocation
SBI Magnum Mid Cap Fund
Growth
Fund Details
Asset ClassValue
Cash1.07%
Equity98.93%
Equity Sector Allocation
SectorValue
Financial Services23.94%
Basic Materials21.75%
Industrials13.44%
Consumer Cyclical11.1%
Health Care8.47%
Utility7.15%
Technology6.72%
Real Estate6.3%
Consumer Defensive0.06%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
PI Industries Ltd (Basic Materials)
Equity, Since 31 Mar 14 | PIIND
7%₹246 Cr1,881,000
Godrej Properties Ltd (Real Estate)
Equity, Since 31 Dec 17 | GODREJPROP
6%₹218 Cr2,095,872
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Dec 12 | CHOLAFIN
6%₹205 Cr6,662,175
Sheela Foam Ltd (Consumer Cyclical)
Equity, Since 30 Nov 16 | 540203
6%₹201 Cr1,561,806
Gujarat State Petronet Ltd (Utilities)
Equity, Since 31 Mar 18 | 532702
4%₹156 Cr7,167,951
Ramco Cements Ltd (Basic Materials)
Equity, Since 29 Feb 12 | RAMCOCEM
4%₹153 Cr2,028,391
Hexaware Technologies Ltd (Technology)
Equity, Since 31 Dec 18 | 532129
4%₹145 Cr3,814,251
Thermax Ltd (Industrials)
Equity, Since 31 Dec 13 | THERMAX
4%₹131 Cr1,161,202
Carborundum Universal Ltd (Basic Materials)
Equity, Since 30 Apr 11 | 513375
4%₹122 Cr4,047,103
Torrent Pharmaceuticals Ltd (Healthcare)
Equity, Since 30 Apr 18 | TORNTPHARM
3%₹106 Cr636,806
Asset Allocation
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
Asset ClassValue
Cash8.2%
Equity90.25%
Debt0.59%
Other0.96%
Equity Sector Allocation
SectorValue
Consumer Cyclical26.04%
Financial Services21.38%
Industrials14.61%
Basic Materials11.05%
Health Care7.82%
Technology6.86%
Consumer Defensive1.79%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Treps - Tri-Party Repo
CBLO/Reverse Repo | -
7%₹1,545 Cr
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Jan 15 | CHOLAFIN
5%₹1,000 Cr32,500,000
↓ -319,550
Aarti Industries Ltd (Basic Materials)
Equity, Since 31 Mar 17 | 524208
3%₹764 Cr9,547,254
Voltas Ltd (Industrials)
Equity, Since 30 Sep 12 | VOLTAS
3%₹724 Cr10,647,500
City Union Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | CUB
3%₹723 Cr33,052,000
Sundaram Fasteners Ltd (Consumer Cyclical)
Equity, Since 30 Nov 11 | SUNDRMFAST
3%₹714 Cr15,049,755
Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Mar 16 | 500850
3%₹666 Cr41,669,982
Balkrishna Industries Ltd (Consumer Cyclical)
Equity, Since 31 Mar 12 | BALKRISIND
3%₹649 Cr8,358,370
Trent Ltd (Consumer Cyclical)
Equity, Since 30 Sep 16 | 500251
3%₹601 Cr12,420,000
Torrent Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Jul 11 | TORNTPHARM
3%₹567 Cr3,400,000

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.

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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