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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 25, 2020 , 752 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
₹86.1995 ↑ 2.12   (2.52 %)
₹3,696 on 31 Oct 20
29 Mar 05
Equity
Mid Cap
28
Moderately High
2.17
0.29
-0.27
2.57
Not Available
0-1 Years (1%),1 Years and above(NIL)
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
₹62.101 ↑ 1.47   (2.43 %)
₹21,817 on 31 Oct 20
25 Jun 07
Equity
Mid Cap
24
Moderately High
2.17
0.15
0.5
-0.01
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
14.1%
14.3%
51.1%
21.5%
1.5%
7.4%
14.7%
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
13.5%
10.7%
48.1%
17.2%
2.3%
10.5%
14.6%

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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 - 10.34 Yr.
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
₹500
₹5,000
Chirag Setalvad - 13.36 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 15₹10,000
31 Oct 16₹12,141
31 Oct 17₹13,348
31 Oct 18₹11,296
31 Oct 19₹11,772
31 Oct 20₹12,743
Growth of 10,000 investment over the years.
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
DateValue
31 Oct 15₹10,000
31 Oct 16₹12,351
31 Oct 17₹15,013
31 Oct 18₹13,705
31 Oct 19₹14,085
31 Oct 20₹14,550

Detailed portfolio Comparison

Asset Allocation
SBI Magnum Mid Cap Fund
Growth
Fund Details
Asset ClassValue
Cash2.3%
Equity97.7%
Equity Sector Allocation
SectorValue
Basic Materials23.04%
Health Care16.49%
Consumer Cyclical16.1%
Financial Services13.26%
Industrials13.13%
Real Estate7.64%
Utility4.13%
Technology2.29%
Communication Services1.58%
Consumer Defensive0.04%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
PI Industries Ltd (Basic Materials)
Equity, Since 31 Mar 14 | PIIND
8%₹292 Cr1,330,132
Godrej Properties Ltd (Real Estate)
Equity, Since 31 Dec 17 | GODREJPROP
6%₹206 Cr1,995,872
Sheela Foam Ltd (Consumer Cyclical)
Equity, Since 30 Nov 16 | 540203
6%₹204 Cr1,561,806
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Dec 12 | CHOLAFIN
5%₹182 Cr6,662,175
Coromandel International Ltd (Basic Materials)
Equity, Since 31 Jan 18 | 506395
5%₹174 Cr2,393,994
Ramco Cements Ltd (Basic Materials)
Equity, Since 29 Feb 12 | RAMCOCEM
4%₹138 Cr1,728,391
JK Cement Ltd (Basic Materials)
Equity, Since 30 Apr 19 | JKCEMENT
4%₹133 Cr721,000
Gujarat State Petronet Ltd (Utilities)
Equity, Since 31 Mar 18 | 532702
3%₹119 Cr6,167,951
Carborundum Universal Ltd (Industrials)
Equity, Since 30 Apr 11 | 513375
3%₹115 Cr4,047,103
Page Industries Ltd (Consumer Cyclical)
Equity, Since 29 Feb 20 | 532827
3%₹110 Cr55,000
Asset Allocation
HDFC Mid-Cap Opportunities Fund
Growth
Fund Details
Asset ClassValue
Cash5.52%
Equity94.47%
Other0%
Equity Sector Allocation
SectorValue
Consumer Cyclical25.63%
Financial Services16.82%
Industrials16.8%
Health Care11.94%
Basic Materials10.82%
Technology7.89%
Consumer Defensive3.63%
Communication Services0.94%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Balkrishna Industries Ltd (Consumer Cyclical)
Equity, Since 31 Mar 12 | BALKRISIND
5%₹1,098 Cr8,148,370
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Jan 15 | CHOLAFIN
4%₹891 Cr32,600,000
↑ 692,500
Aarti Industries Ltd (Basic Materials)
Equity, Since 31 Mar 17 | 524208
4%₹880 Cr8,800,000
Ipca Laboratories Ltd (Healthcare)
Equity, Since 31 Jul 07 | 524494
4%₹862 Cr3,728,500
Trent Ltd (Consumer Cyclical)
Equity, Since 30 Sep 16 | 500251
3%₹713 Cr10,808,180
↓ -364,356
Voltas Ltd (Industrials)
Equity, Since 30 Sep 12 | VOLTAS
3%₹695 Cr9,847,500
↓ -800,000
Sundaram Fasteners Ltd (Consumer Cyclical)
Equity, Since 30 Nov 11 | SUNDRMFAST
3%₹623 Cr14,603,000
Atul Ltd (Basic Materials)
Equity, Since 31 Aug 16 | ATUL
3%₹620 Cr1,031,980
Max Financial Services Ltd (Financial Services)
Equity, Since 31 Oct 14 | 500271
3%₹574 Cr9,716,850
Crompton Greaves Consumer Electricals Ltd (Consumer Cyclical)
Equity, Since 30 Nov 17 | CROMPTON
3%₹566 Cr18,902,500

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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