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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 May 24, 2020 , 610 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
₹56.7106 ↑ 0.70   (1.25 %)
₹2,943 on 30 Apr 20
29 Mar 05
Equity
Mid Cap
28
Moderately High
2.33
-0.44
-0.76
-1.19
Not Available
0-1 Years (1%),1 Years and above(NIL)
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
₹41.68 ↑ 0.22   (0.53 %)
₹18,455 on 30 Apr 20
25 Jun 07
Equity
Mid Cap
24
Moderately High
2.17
-0.54
0.57
-0.66
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
0.9%
-24.7%
-19.3%
-22.4%
-9.1%
-0.6%
12.1%
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
0.1%
-25.4%
-20.9%
-23.5%
-6.6%
2.2%
11.7%

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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 Performance2019
2018
2017
2016
2015
SBI Magnum Mid Cap Fund
Growth
Fund Details
0.1%
-18%
33.5%
5%
14.9%
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
0.2%
-11.2%
41.7%
11.3%
5.8%

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 - 9.76 Yr.
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
₹500
₹5,000
Chirag Setalvad - 12.78 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
30 Apr 15₹10,000
30 Apr 16₹10,922
30 Apr 17₹13,639
30 Apr 18₹14,879
30 Apr 19₹12,986
30 Apr 20₹10,642
Growth of 10,000 investment over the years.
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
DateValue
30 Apr 15₹10,000
30 Apr 16₹10,317
30 Apr 17₹14,343
30 Apr 18₹16,671
30 Apr 19₹15,070
30 Apr 20₹12,140

Detailed portfolio Comparison

Asset Allocation
SBI Magnum Mid Cap Fund
Growth
Fund Details
Asset ClassValue
Cash3.4%
Equity96.6%
Equity Sector Allocation
SectorValue
Basic Materials21.66%
Consumer Cyclical17.06%
Health Care13.65%
Industrials13.27%
Financial Services10.58%
Technology7.94%
Utility7.57%
Real Estate4.82%
Consumer Defensive0.05%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
PI Industries Ltd (Basic Materials)
Equity, Since 31 Mar 14 | PIIND
9%₹267 Cr1,681,000
↓ -200,000
Sheela Foam Ltd (Consumer Cyclical)
Equity, Since 30 Nov 16 | 540203
8%₹229 Cr1,561,806
Gujarat State Petronet Ltd (Utilities)
Equity, Since 31 Mar 18 | 532702
5%₹149 Cr7,167,951
Coromandel International Ltd (Basic Materials)
Equity, Since 31 Jan 18 | 506395
5%₹142 Cr2,393,994
Godrej Properties Ltd (Real Estate)
Equity, Since 31 Dec 17 | GODREJPROP
5%₹142 Cr2,095,872
Dixon Technologies (India) Ltd (Technology)
Equity, Since 30 Sep 17 | 540699
5%₹137 Cr300,000
Treps
CBLO/Reverse Repo | -
4%₹120 Cr
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Dec 12 | CHOLAFIN
4%₹106 Cr6,662,175
Sanofi India Ltd (Healthcare)
Equity, Since 30 Sep 14 | 500674
4%₹104 Cr133,301
Ramco Cements Ltd (Basic Materials)
Equity, Since 29 Feb 12 | RAMCOCEM
3%₹96 Cr1,728,391
Asset Allocation
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
Asset ClassValue
Cash7.68%
Equity92.51%
Equity Sector Allocation
SectorValue
Consumer Cyclical24.48%
Financial Services16.44%
Industrials16.4%
Health Care11.56%
Basic Materials11.51%
Technology7.58%
Consumer Defensive3.43%
Communication Services1.01%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Treps - Tri-Party Repo
CBLO/Reverse Repo | -
6%₹1,119 Cr
Aarti Industries Ltd (Basic Materials)
Equity, Since 31 Mar 17 | 524208
5%₹1,008 Cr9,144,554
Balkrishna Industries Ltd (Consumer Cyclical)
Equity, Since 31 Mar 12 | BALKRISIND
4%₹762 Cr8,148,370
Ipca Laboratories Ltd (Healthcare)
Equity, Since 31 Jul 07 | 524494
3%₹604 Cr3,733,500
Trent Ltd (Consumer Cyclical)
Equity, Since 30 Sep 16 | 500251
3%₹595 Cr11,778,984
Voltas Ltd (Industrials)
Equity, Since 30 Sep 12 | VOLTAS
3%₹538 Cr10,647,500
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Jan 15 | CHOLAFIN
3%₹518 Cr32,500,000
Atul Ltd (Basic Materials)
Equity, Since 31 Aug 16 | ATUL
3%₹501 Cr1,031,980
Divi's Laboratories Ltd (Healthcare)
Equity, Since 31 Oct 09 | DIVISLAB
3%₹499 Cr2,138,903
Sundaram Fasteners Ltd (Consumer Cyclical)
Equity, Since 30 Nov 11 | SUNDRMFAST
3%₹485 Cr14,603,000
↓ -48,555

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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