Fincash » SBI Magnum Mid Cap Vs HDFC Mid-cap Opportunities Fund
Table of Contents
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 ₹208.168 ↑ 0.14 (0.07 %) ₹16,856 on 31 Mar 24 29 Mar 05 ☆☆☆ Equity Mid Cap 28 Moderately High 1.88 2.97 -0.48 2.34 Not Available 0-1 Years (1%),1 Years and above(NIL) HDFC Mid-Cap Opportunities Fund
Growth
Fund Details ₹161.74 ↑ 1.05 (0.65 %) ₹60,418 on 31 Mar 24 25 Jun 07 ☆☆☆ Equity Mid Cap 24 Moderately High 1.69 3.53 0.62 5.92 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 -0.7% 4.5% 15.9% 35.4% 23.6% 24.4% 17.2% HDFC Mid-Cap Opportunities Fund
Growth
Fund Details -0.3% 2.5% 21.2% 52.2% 28.7% 25.1% 17.9%
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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 2023 2022 2021 2020 2019 SBI Magnum Mid Cap Fund
Growth
Fund Details 34.5% 3% 52.2% 30.4% 0.1% HDFC Mid-Cap Opportunities Fund
Growth
Fund Details 44.5% 12.3% 39.9% 21.7% 0.2%
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 - 0 Yr. HDFC Mid-Cap Opportunities Fund
Growth
Fund Details ₹300 ₹5,000 Chirag Setalvad - 16.78 Yr.
SBI Magnum Mid Cap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Apr 19 ₹10,000 30 Apr 20 ₹8,195 30 Apr 21 ₹15,072 30 Apr 22 ₹19,385 30 Apr 23 ₹20,670 30 Apr 24 ₹29,053 HDFC Mid-Cap Opportunities Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Apr 19 ₹10,000 30 Apr 20 ₹8,056 30 Apr 21 ₹13,763 30 Apr 22 ₹16,919 30 Apr 23 ₹19,101 30 Apr 24 ₹29,999
SBI Magnum Mid Cap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 8.15% Equity 91.85% Equity Sector Allocation
Sector Value Consumer Cyclical 28.05% Financial Services 17.04% Industrials 13.93% Basic Materials 9.02% Health Care 8.31% Real Estate 4.57% Utility 4.16% Consumer Defensive 3.09% Communication Services 2.04% Technology 1.63% Top Securities Holdings / Portfolio
Name Holding Value Quantity CRISIL Ltd (Financial Services)
Equity, Since 30 Apr 21 | 5000924% ₹707 Cr 1,395,281
↓ -4,719 Torrent Power Ltd (Utilities)
Equity, Since 30 Jun 19 | 5327794% ₹702 Cr 5,169,750 Thermax Ltd (Industrials)
Equity, Since 31 Dec 13 | THERMAX4% ₹634 Cr 1,511,202 Sundaram Finance Ltd (Financial Services)
Equity, Since 30 Sep 22 | SUNDARMFIN4% ₹617 Cr 1,490,000 Tube Investments of India Ltd Ordinary Shares (Industrials)
Equity, Since 31 Dec 20 | 5407623% ₹523 Cr 1,400,000 Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 18 | 5008503% ₹513 Cr 8,682,397 Schaeffler India Ltd (Consumer Cyclical)
Equity, Since 28 Feb 14 | SCHAEFFLER3% ₹456 Cr 1,623,740 Max Healthcare Institute Ltd Ordinary Shares (Healthcare)
Equity, Since 30 Sep 21 | 5432203% ₹451 Cr 5,500,000
↑ 1,000,000 K.P.R. Mill Ltd (Consumer Cyclical)
Equity, Since 31 Oct 22 | 5328893% ₹438 Cr 5,260,011
↑ 984,735 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Dec 23 | 5000343% ₹435 Cr 600,000
↑ 200,000 HDFC Mid-Cap Opportunities Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 7.47% Equity 92.53% Equity Sector Allocation
Sector Value Financial Services 23.7% Consumer Cyclical 16.05% Industrials 14% Health Care 11.04% Technology 10.79% Basic Materials 9.12% Communication Services 4.33% Energy 2.58% Consumer Defensive 0.91% Top Securities Holdings / Portfolio
Name Holding Value Quantity Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Mar 16 | 5008505% ₹2,751 Cr 46,539,672 Tata Communications Ltd (Communication Services)
Equity, Since 31 Dec 21 | 5004833% ₹2,029 Cr 10,094,194 Apollo Tyres Ltd (Consumer Cyclical)
Equity, Since 30 Sep 12 | 5008773% ₹1,954 Cr 41,892,187 Max Financial Services Ltd (Financial Services)
Equity, Since 31 Oct 14 | 5002713% ₹1,942 Cr 19,373,686 Max Healthcare Institute Ltd Ordinary Shares (Healthcare)
Equity, Since 31 Mar 21 | 5432203% ₹1,866 Cr 22,757,305 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | FEDERALBNK3% ₹1,857 Cr 123,641,292 Indian Bank (Financial Services)
Equity, Since 31 Oct 11 | 5328143% ₹1,772 Cr 34,029,890 Ipca Laboratories Ltd (Healthcare)
Equity, Since 31 Jul 07 | 5244943% ₹1,610 Cr 13,010,294
↑ 36,784 Hindustan Petroleum Corp Ltd (Energy)
Equity, Since 30 Sep 21 | HINDPETRO3% ₹1,559 Cr 32,776,255 Coforge Ltd (Technology)
Equity, Since 30 Jun 22 | 5325413% ₹1,512 Cr 2,748,521
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.