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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 April 9, 2024 , 1087 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
₹210.177 ↑ 0.62   (0.30 %)
₹16,459 on 29 Feb 24
29 Mar 05
Equity
Mid Cap
28
Moderately High
1.88
2.41
-0.61
-3.62
Not Available
0-1 Years (1%),1 Years and above(NIL)
ICICI Prudential MidCap Fund
Growth
Fund Details
₹249.01 ↑ 0.96   (0.39 %)
₹5,484 on 29 Feb 24
28 Oct 04
Equity
Mid Cap
35
Moderately High
2.11
2.54
-0.75
-4.92
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
5.7%
6.4%
16.9%
44.1%
24%
23%
17.4%
ICICI Prudential MidCap Fund
Growth
Fund Details
3.4%
8.9%
28.9%
56.4%
24.2%
20.9%
18%

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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 Performance2023
2022
2021
2020
2019
SBI Magnum Mid Cap Fund
Growth
Fund Details
34.5%
3%
52.2%
30.4%
0.1%
ICICI Prudential MidCap Fund
Growth
Fund Details
32.8%
3.1%
44.8%
19.1%
-0.6%

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 - 13.76 Yr.
ICICI Prudential MidCap Fund
Growth
Fund Details
₹100
₹5,000
Lalit Kumar - 1.75 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 Mar 19₹10,000
31 Mar 20₹6,992
31 Mar 21₹14,394
31 Mar 22₹18,209
31 Mar 23₹19,075
31 Mar 24₹26,985
Growth of 10,000 investment over the years.
ICICI Prudential MidCap Fund
Growth
Fund Details
DateValue
31 Mar 19₹10,000
31 Mar 20₹6,682
31 Mar 21₹13,158
31 Mar 22₹16,419
31 Mar 23₹16,309
31 Mar 24₹24,894

Detailed Portfolio Comparison

Asset Allocation
SBI Magnum Mid Cap Fund
Growth
Fund Details
Asset ClassValue
Cash8.75%
Equity91.25%
Equity Sector Allocation
SectorValue
Consumer Cyclical27.97%
Financial Services16.42%
Industrials13.56%
Basic Materials9.66%
Health Care8.45%
Real Estate4.59%
Utility3.39%
Consumer Defensive3.14%
Communication Services2.12%
Technology1.95%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
CRISIL Ltd (Financial Services)
Equity, Since 30 Apr 21 | CRISIL
4%₹702 Cr1,400,000
Sundaram Finance Ltd (Financial Services)
Equity, Since 30 Sep 22 | SUNDARMFIN
4%₹621 Cr1,490,000
Torrent Power Ltd (Utilities)
Equity, Since 30 Jun 19 | 532779
3%₹557 Cr5,169,750
Thermax Ltd (Industrials)
Equity, Since 31 Dec 13 | THERMAX
3%₹550 Cr1,511,202
Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 18 | 500850
3%₹509 Cr8,682,397
Tube Investments of India Ltd Ordinary Shares (Industrials)
Equity, Since 31 Dec 20 | TIINDIA
3%₹488 Cr1,400,000
Schaeffler India Ltd (Consumer Cyclical)
Equity, Since 28 Feb 14 | SCHAEFFLER
3%₹470 Cr1,623,740
Coromandel International Ltd (Basic Materials)
Equity, Since 31 Jan 18 | 506395
2%₹377 Cr3,500,000
Sona BLW Precision Forgings Ltd (Consumer Cyclical)
Equity, Since 30 Jun 21 | 543300
2%₹362 Cr5,258,000
Max Healthcare Institute Ltd Ordinary Shares (Healthcare)
Equity, Since 30 Sep 21 | MAXHEALTH
2%₹357 Cr4,500,000
Asset Allocation
ICICI Prudential MidCap Fund
Growth
Fund Details
Asset ClassValue
Cash8.06%
Equity91.94%
Equity Sector Allocation
SectorValue
Basic Materials21.01%
Industrials16.67%
Consumer Cyclical14.33%
Health Care11.5%
Real Estate10.83%
Energy5.43%
Communication Services4.96%
Financial Services3.32%
Utility2.96%
Technology0.89%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Hindustan Petroleum Corp Ltd (Energy)
Equity, Since 31 Aug 22 | HINDPETRO
4%₹228 Cr4,469,276
↓ -197,597
Lupin Ltd (Healthcare)
Equity, Since 31 Aug 22 | 500257
4%₹227 Cr1,400,000
Phoenix Mills Ltd (Real Estate)
Equity, Since 31 May 20 | 503100
4%₹195 Cr706,691
Jindal Stainless Ltd (Basic Materials)
Equity, Since 31 Aug 22 | JSL
3%₹172 Cr2,688,476
Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 31 Jan 22 | 532286
3%₹169 Cr2,179,227
TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 18 | 532343
3%₹150 Cr699,955
ACC Ltd (Basic Materials)
Equity, Since 31 Aug 22 | 500410
3%₹146 Cr557,062
AIA Engineering Ltd (Industrials)
Equity, Since 30 Nov 17 | AIAENG
2%₹133 Cr364,667
APL Apollo Tubes Ltd (Basic Materials)
Equity, Since 30 Sep 22 | APLAPOLLO
2%₹133 Cr857,934
↑ 189,772
Godrej Properties Ltd (Real Estate)
Equity, Since 30 Sep 22 | GODREJPROP
2%₹124 Cr517,459

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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