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Fincash » SBI Magnum Mid Cap Fund Vs ICICI Prudential MidCap Fund

SBI Magnum Mid Cap Fund Vs ICICI Prudential MidCap Fund

Updated on August 13, 2022 , 561 views

SBI Magnum mid cap fund and ICICI Prudential MidCap Fund both belong to the mid cap category of Equity Funds. These schemes invest their accumulated fund money in equity and equity-related instruments of companies having a Market capitalization between INR 500 – INR 10,000 Crores. Mid cap stocks are defined as stocks whose market capitalization is between 101st to 250th in terms of full market capitalization. Though both the schemes belong to the same category yet; there are differences with respect to their performance, AUM, NAV, and many other related factors. So, for better investment decision, let us understand the differences between SBI Magnum Mid Cap Fund and ICICI Prudential MidCap Fund through this article.

SBI Magnum Mid Cap Fund

SBI Mid Cap Fund is offered by SBI Mutual Fund under Mid Cap category. It is an open-ended scheme which was launched on March 29, 2005. The scheme’s objective is to attain Capital growth in long-term by Investing in equity and equity-related instruments of mid cap companies. The scheme uses Nifty Midcap 150 to construct its portfolio. Some of the top holdings (as on 31/05/2018) of SBI Magnum Mid Cap Fund’s portfolio include Cholamandalam Investment and Finance Company Limited, The Ramco Cements Ltd, Dixon Technologies (India) Limited, Sheela Foam Limited, and Federal Bank Limited. The fund is suitable for investors looking for capital appreciation for long-term tenure. The scheme follows bottom-up approach of stock selection. SBI Magnum Mid Cap Fund is managed by Sohini Andani.

ICICI Prudential MidCap Fund

ICICI Prudential MidCap Fund’s investment objective is to generate capital appreciation from an active portfolio that primarily consists of midcap stocks. Some of the key benefits of this scheme are it helps individuals to take the advantage of mid-cap stocks that have potentials of higher capital appreciation. Additionally, the scheme also complements a portfolio that is primarily focused on large-cap stocks. Mittul Kalawadia and Mrinal Singh are the joint fund managers of ICICI Prudential MidCap Fund. The scheme uses NIFTY Midcap 150 TRI as its primary benchmark to construct its portfolio. Some of the top holdings of ICICI Prudential MidCap Fund as of March 31, 2018, include Exide Industries Limited, Tata Chemicals Limited, Fortis Healthcare Limited, and Engineers India Limited.

SBI Magnum Mid Cap Fund Vs ICICI Prudential MidCap Fund

The parameters or elements that are used to compare both the scheme are divided into four categories, namely, basic section, performance section, yearly performance section, and other details section. So, let us have a look at each of these parameters and see how the funds stand against each other.

Basics Section

The elements compared in this section include Category of Scheme, Fincash Rating, Current NAV, and much more. To begin with the scheme’s category, we can see that both the schemes belong to the same category, that is, Equity Mid Cap. Moving on the next comparison parameter, that is, Fincash Rating, it can be said that ICICI Prudential MidCap Fund has a 2-Star Rating, while SBI Magnum Mid Cap Fund has 3-Star Rating. With respect to Net Asset Value, the NAV of SBI Magnum Mid Cap Fund is higher than that of ICICI Prudential MidCap Fund. As on 17th July, 2018, the NAV of SBI Magnum Mid Cap Fund was INR 72.3895 and of ICICI Prudential MidCap Fund was INR 95.05, approximately. The following table summarizes the various comparison components of the basics section.

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
₹147.494 ↑ 1.19   (0.81 %)
₹6,741 on 30 Jun 22
29 Mar 05
Equity
Mid Cap
28
Moderately High
2.1
0.38
0.6
6.82
Not Available
0-1 Years (1%),1 Years and above(NIL)
ICICI Prudential MidCap Fund
Growth
Fund Details
₹164.24 ↑ 1.05   (0.64 %)
₹3,091 on 30 Jun 22
28 Oct 04
Equity
Mid Cap
35
Moderately High
2.3
-0.24
-0.51
-0.47
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance Section

As the name mentions, this scheme compares the CAGR performance of both the schemes at various time frames. Some of the timeframes for which the performance is compared are 1 Month, 3 Months, 1 Year, 5 Years, and Since Inception. When we look at the performance of both the schemes in almost all the time periods, ICICI Prudential MidCap Fund has performed better as compared to SBI Magnum Mid Cap Fund. The table given below tabulates the performance of both the schemes at different timeframes.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
SBI Magnum Mid Cap Fund
Growth
Fund Details
9.3%
13.3%
8.2%
18.9%
30.9%
14.2%
16.7%
ICICI Prudential MidCap Fund
Growth
Fund Details
6.8%
13.7%
5.3%
8.3%
23.1%
12.4%
17%

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Yearly Performance

This category gives the absolute performance of both the schemes on a yearly Basis. If we look at the yearly bases performance, SBI Magnum Mid Cap Fund's performance is better as compared to ICICI Prudential MidCap Fund in many instances. The yearly performance of both the schemes is tabulated as follows.

Parameters
Yearly Performance2021
2020
2019
2018
2017
SBI Magnum Mid Cap Fund
Growth
Fund Details
52.2%
30.4%
0.1%
-18%
33.5%
ICICI Prudential MidCap Fund
Growth
Fund Details
44.8%
19.1%
-0.6%
-10.8%
42.9%

Other Details Section

This section is the last section in case of comparison between both the schemes. Some of the comparison elements that form part of this section include AUM, Minimum SIP Investment, Minimum Lumpsum Investment, and Exit Load. The minimum monthly SIP investment of ICICI Prudential MidCap Fund is INR 1,000 and of SBI Magnum Mid Cap Fund is INR 500. The minimum lump sum amount of both the fund is same, i.e., INR 5,000. With respect to the AUM of both the schemes, the AUM of SBI Magnum Mid Cap Fund is higher in comparison to the AUM of ICICI Prudential MidCap Fund. As on May 31, 2018, the AUM of SBI Magnum Mid Cap Fund was INR 3,718 crores while of ICICI Prudential MidCap Fund was approximately INR 1,523 crores. The table given below summarizes the elements 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 - 12.09 Yr.
ICICI Prudential MidCap Fund
Growth
Fund Details
₹100
₹5,000
Priyanka Khandelwal - 5.13 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 Jul 17₹10,000
31 Jul 18₹9,588
31 Jul 19₹8,554
31 Jul 20₹8,871
31 Jul 21₹16,106
31 Jul 22₹18,151
Growth of 10,000 investment over the years.
ICICI Prudential MidCap Fund
Growth
Fund Details
DateValue
31 Jul 17₹10,000
31 Jul 18₹10,620
31 Jul 19₹9,672
31 Jul 20₹9,210
31 Jul 21₹16,635
31 Jul 22₹17,408

Detailed Portfolio Comparison

Asset Allocation
SBI Magnum Mid Cap Fund
Growth
Fund Details
Asset ClassValue
Cash4.39%
Equity95.61%
Equity Sector Allocation
SectorValue
Consumer Cyclical36.16%
Basic Materials14.68%
Financial Services14.2%
Industrials10.68%
Health Care7.19%
Real Estate4.26%
Utility3.85%
Consumer Defensive3.49%
Technology0.53%
Communication Services0.36%
Energy0.21%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Page Industries Ltd (Consumer Cyclical)
Equity, Since 29 Feb 20 | 532827
5%₹361 Cr90,000
Sheela Foam Ltd (Consumer Cyclical)
Equity, Since 30 Nov 16 | SFL
5%₹346 Cr1,300,000
Tube Investments of India Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 31 Dec 20 | TIINDIA
5%₹340 Cr1,846,672
CRISIL Ltd (Financial Services)
Equity, Since 30 Apr 21 | CRISIL
4%₹296 Cr900,000
↑ 144,446
Schaeffler India Ltd (Consumer Cyclical)
Equity, Since 28 Feb 14 | SCHAEFFLER
4%₹275 Cr1,201,830
Thermax Ltd (Industrials)
Equity, Since 31 Dec 13 | THERMAX
4%₹264 Cr1,261,202
Carborundum Universal Ltd (Industrials)
Equity, Since 30 Apr 11 | CARBORUNIV
3%₹222 Cr3,100,000
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Dec 12 | CHOLAFIN
3%₹211 Cr3,400,000
Max Healthcare Institute Ltd Ordinary Shares (Healthcare)
Equity, Since 30 Sep 21 | MAXHEALTH
3%₹203 Cr5,530,790
Coromandel International Ltd (Basic Materials)
Equity, Since 31 Jan 18 | 506395
3%₹191 Cr2,000,000
Asset Allocation
ICICI Prudential MidCap Fund
Growth
Fund Details
Asset ClassValue
Cash6.42%
Equity93.58%
Equity Sector Allocation
SectorValue
Consumer Cyclical22.66%
Financial Services21.45%
Industrials12.69%
Health Care9.16%
Technology8.58%
Communication Services6.23%
Basic Materials4.61%
Real Estate3.7%
Consumer Defensive3.63%
Utility0.86%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Max Financial Services Ltd (Financial Services)
Equity, Since 31 Jul 17 | 500271
5%₹142 Cr1,813,195
TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 18 | 532343
4%₹128 Cr1,521,820
The Federal Bank Ltd (Financial Services)
Equity, Since 30 Nov 17 | FEDERALBNK
4%₹113 Cr12,572,698
↑ 200,000
Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 17 | 500850
3%₹108 Cr4,788,952
Persistent Systems Ltd (Technology)
Equity, Since 31 Jan 21 | PERSISTENT
3%₹96 Cr281,807
↑ 1,706
Minda Industries Ltd (Consumer Cyclical)
Equity, Since 31 Jul 20 | MINDAIND
3%₹95 Cr1,029,692
Phoenix Mills Ltd (Real Estate)
Equity, Since 31 May 20 | 503100
3%₹83 Cr702,889
Tata Communications Ltd (Communication Services)
Equity, Since 31 Mar 21 | TATACOMM
2%₹76 Cr833,540
↑ 80,012
Ashok Leyland Ltd (Industrials)
Equity, Since 31 Aug 20 | 500477
2%₹75 Cr5,089,603
Alkem Laboratories Ltd (Healthcare)
Equity, Since 30 Nov 20 | ALKEM
2%₹74 Cr245,989

Thus, from the above elements, it can be said that both the schemes differ on account of various parameters. However, it is always advised to individuals to understand a scheme’s modalities completely before investing. They should check if the fund’s objective is in-line with theirs. They should also check various parameters such as returns, Underlying asset portfolio, fund manager managing the scheme and much more. Additionally, they can take help of a financial advisor, if required. Through this individual can ensure that their money is safe and their objectives are met timely.

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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