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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 November 30, 2021 , 376 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
₹139.443 ↑ 1.87   (1.36 %)
₹6,426 on 31 Oct 21
29 Mar 05
Equity
Mid Cap
28
Moderately High
2.1
3.62
0.33
4.99
Not Available
0-1 Years (1%),1 Years and above(NIL)
ICICI Prudential MidCap Fund
Growth
Fund Details
₹161.49 ↑ 0.98   (0.61 %)
₹3,178 on 31 Oct 21
28 Oct 04
Equity
Mid Cap
35
Moderately High
2.3
3.54
-0.61
1.66
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
0.3%
7.3%
22.4%
58.9%
26.1%
16.2%
17.1%
ICICI Prudential MidCap Fund
Growth
Fund Details
-2.9%
3.7%
15.8%
49.7%
20.1%
16.8%
17.7%

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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 Performance2020
2019
2018
2017
2016
SBI Magnum Mid Cap Fund
Growth
Fund Details
30.4%
0.1%
-18%
33.5%
5%
ICICI Prudential MidCap Fund
Growth
Fund Details
19.1%
-0.6%
-10.8%
42.9%
4.8%

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 - 11.35 Yr.
ICICI Prudential MidCap Fund
Growth
Fund Details
₹100
₹5,000
Priyanka Khandelwal - 4.38 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 Nov 16₹10,000
30 Nov 17₹12,430
30 Nov 18₹10,357
30 Nov 19₹10,638
30 Nov 20₹12,839
30 Nov 21₹20,546
Growth of 10,000 investment over the years.
ICICI Prudential MidCap Fund
Growth
Fund Details
DateValue
30 Nov 16₹10,000
30 Nov 17₹13,553
30 Nov 18₹12,346
30 Nov 19₹12,654
30 Nov 20₹14,033
30 Nov 21₹21,119

Detailed Portfolio Comparison

Asset Allocation
SBI Magnum Mid Cap Fund
Growth
Fund Details
Asset ClassValue
Cash1.99%
Equity98.01%
Equity Sector Allocation
SectorValue
Consumer Cyclical30.17%
Basic Materials18.83%
Industrials14.75%
Financial Services13.51%
Health Care6.74%
Real Estate6.14%
Utility3.99%
Technology1.75%
Consumer Defensive0.96%
Communication Services0.62%
Energy0.24%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Sheela Foam Ltd (Consumer Cyclical)
Equity, Since 30 Nov 16 | 540203
5%₹336 Cr1,361,806
↓ -96,883
Page Industries Ltd (Consumer Cyclical)
Equity, Since 29 Feb 20 | 532827
5%₹301 Cr80,000
Carborundum Universal Ltd (Industrials)
Equity, Since 30 Apr 11 | 513375
4%₹260 Cr3,100,000
↓ -124,444
Tube Investments of India Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 31 Dec 20 | 540762
4%₹243 Cr1,746,672
JK Cement Ltd (Basic Materials)
Equity, Since 30 Apr 19 | JKCEMENT
4%₹237 Cr713,774
Godrej Properties Ltd (Real Estate)
Equity, Since 31 Dec 17 | GODREJPROP
4%₹234 Cr1,050,000
↓ -114,904
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Dec 12 | CHOLAFIN
3%₹209 Cr3,400,000
Sona BLW Precision Forgings Ltd (Consumer Cyclical)
Equity, Since 30 Jun 21 | 543300
3%₹201 Cr3,108,000
Gujarat State Petronet Ltd (Utilities)
Equity, Since 31 Mar 18 | 532702
3%₹188 Cr6,167,951
Ramco Cements Ltd (Basic Materials)
Equity, Since 29 Feb 12 | RAMCOCEM
3%₹184 Cr1,728,391
Asset Allocation
ICICI Prudential MidCap Fund
Growth
Fund Details
Asset ClassValue
Cash4.72%
Equity95.28%
Equity Sector Allocation
SectorValue
Financial Services19.77%
Consumer Cyclical17.2%
Industrials13.98%
Technology10.43%
Health Care9.61%
Basic Materials7.9%
Communication Services7.29%
Real Estate4.48%
Consumer Defensive3.52%
Utility1.11%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Max Financial Services Ltd (Financial Services)
Equity, Since 31 Jul 17 | 500271
5%₹147 Cr1,508,756
The Federal Bank Ltd (Financial Services)
Equity, Since 30 Nov 17 | FEDERALBNK
4%₹118 Cr12,062,066
Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 17 | 500850
3%₹108 Cr5,509,334
↓ -1,566,861
Persistent Systems Ltd (Technology)
Equity, Since 31 Jan 21 | PERSISTENT
3%₹108 Cr276,105
Phoenix Mills Ltd (Real Estate)
Equity, Since 31 May 20 | 503100
3%₹104 Cr1,078,401
TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 18 | 532343
3%₹93 Cr1,410,897
Computer Age Management Services Ltd Ordinary Shares (Technology)
Equity, Since 30 Sep 20 | 543232
3%₹90 Cr299,846
Minda Industries Ltd (Consumer Cyclical)
Equity, Since 31 Jul 20 | 532539
3%₹85 Cr1,093,505
G R Infraprojects Ltd (Industrials)
Equity, Since 31 Jul 21 | 543317
3%₹85 Cr431,569
Mphasis Ltd (Technology)
Equity, Since 31 Jul 19 | 526299
3%₹84 Cr261,028
↑ 2,925

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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