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SBI Magnum Mid Cap Fund Vs L&T Midcap Fund
SBI Magnum mid cap fund and L&T Midcap Fund both belong to the Mid Cap Category of Equity Funds. Both 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. Though both the schemes belong to the same category yet; there are differences with respect to their performance, AUM, current NAV, and many other related factors. So, let us understand the differences between SBI Magnum Mid Cap Fund and L&T Midcap Fund through this article.
About 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 MidSmallcap 400 Index to construct its Portfolio.
The top 10 holdings of SBI Magnum Mid Cap Fund’s portfolio include Cholamandalam Investment and Finance Company Limited, 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.
Overview of L&T Midcap Fund
L&T Midcap Fund is an open-ended equity fund which was incepted on August 09, 2004. The fund house who owns the L&T Midcap Fund is L&T Mutual Fund. The scheme’s objective is to attain capital appreciation by investing in shares of Mid Cap companies. The scheme uses Nifty Free Float Midcap 100 Index to construct its portfolio.
The top 10 constituents of L&T Mid Cap Fund’s portfolio include Sundaram Finance Limited, IndusInd Bank Limited, Union Bank of India, Canara Bank, Oberoi Realty Limited, and much more.
SBI Magnum Mid Cap Fund Vs L&T 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, AUM, expense ratio 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.
Fincash Rating, it can be said that L&T Midcap Fund has a 4-Star rating, while SBI Magnum Mid Cap Fund has 3-Star rating.
The following table summarizes the various comparison components of the basics section.
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 ₹242.049 ↓ -1.41 (-0.58 %) ₹21,127 on 31 Jul 24 29 Mar 05 ☆☆☆ Equity Mid Cap 28 Moderately High 1.77 2.52 -0.69 -0.54 Not Available 0-1 Years (1%),1 Years and above(NIL) Essel Long Term Advantage Fund
Growth
Fund Details ₹30.1608 ↓ -0.33 (-1.09 %) ₹67 on 31 Jul 24 30 Dec 15 Equity ELSS Moderately High 2.11 1.62 -0.9 -6.94 Not Available 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, L&T Midcap Fund has performed better as compared to SBI Magnum Mid Cap Fund. However, the difference between both the schemes is not much. The table given below tabulates the performance of both the schemes at different timeframes.
Parameters Performance 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since launch SBI Magnum Mid Cap Fund
Growth
Fund Details 5.6% 10% 22% 34.6% 22.8% 29.7% 17.8% Essel Long Term Advantage Fund
Growth
Fund Details 4.2% 10.3% 15.4% 26.7% 14.4% 17.6% 13.6%
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Yearly Performance
This category gives the absolute performance of both the schemes on a yearly Basis. Here, too we can say that; L&T Midcap Fund’s performance is better as compared to SBI Magnum Mid Cap Fund in many instances. The yearly performance of both the schemes 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% Essel Long Term Advantage Fund
Growth
Fund Details 24.1% -2% 29.4% 8.5% 7.9%
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, Minimum SIP Investment and Minimum Lumpsum Investment. The Minimum SIP investment in case of both the schemes is same, that is, INR 500. Similarly, the Minimum Lumpsum Investment is also same for both the schemes, that is, INR 5,000.
SBI Magnum Mid Cap Fund is managed by Ms Sohini Andani.
The Fund Managers managing the L&T Midcap Fund are Mr. S. N. Lahiri and Mr. Vihang Naik.
The table given below summarizes the elements 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 - 0.33 Yr. Essel Long Term Advantage Fund
Growth
Fund Details ₹500 ₹500 Aditya Mulki - 2.39 Yr.
Growth of 10k Investments over the years
SBI Magnum Mid Cap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Aug 19 ₹10,000 31 Aug 20 ₹11,036 31 Aug 21 ₹19,453 31 Aug 22 ₹22,715 31 Aug 23 ₹26,794 31 Aug 24 ₹36,697 Essel Long Term Advantage Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Aug 19 ₹10,000 31 Aug 20 ₹10,048 31 Aug 21 ₹14,698 31 Aug 22 ₹15,060 31 Aug 23 ₹17,348 31 Aug 24 ₹22,637
Detailed Assets & Holdings Comparison
SBI Magnum Mid Cap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 6.12% Equity 93.88% Equity Sector Allocation
Sector Value Consumer Cyclical 23.7% Financial Services 16.81% Industrials 16.45% Basic Materials 10.3% Health Care 9.03% Utility 4.57% Real Estate 4.38% Technology 3.81% Communication Services 2.54% Consumer Defensive 2.11% Top Securities Holdings / Portfolio
Name Holding Value Quantity Torrent Power Ltd (Utilities)
Equity, Since 30 Jun 19 | 5327795% ₹965 Cr 5,169,750 CRISIL Ltd (Financial Services)
Equity, Since 30 Apr 21 | CRISIL3% ₹673 Cr 1,535,662
↑ 140,381 Carborundum Universal Ltd (Industrials)
Equity, Since 30 Apr 11 | CARBORUNIV3% ₹670 Cr 3,900,000 Sundaram Finance Ltd (Financial Services)
Equity, Since 30 Sep 22 | SUNDARMFIN3% ₹644 Cr 1,490,000 Voltas Ltd (Industrials)
Equity, Since 30 Apr 24 | VOLTAS3% ₹615 Cr 4,000,000 Thermax Ltd (Industrials)
Equity, Since 31 Dec 13 | THERMAX3% ₹609 Cr 1,200,000 Schaeffler India Ltd (Consumer Cyclical)
Equity, Since 28 Feb 14 | SCHAEFFLER3% ₹608 Cr 1,425,087
↓ -20,117 Coromandel International Ltd (Basic Materials)
Equity, Since 31 Jan 18 | 5063953% ₹582 Cr 3,500,000 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Oct 12 | FEDERALBNK2% ₹526 Cr 26,100,108
↑ 14,017,600 K.P.R. Mill Ltd (Consumer Cyclical)
Equity, Since 31 Oct 22 | KPRMILL2% ₹522 Cr 6,000,000 Essel Long Term Advantage Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 8.89% Equity 91.11% Equity Sector Allocation
Sector Value Financial Services 24.75% Technology 14.1% Industrials 10.33% Consumer Cyclical 9.55% Consumer Defensive 9.48% Health Care 9.27% Basic Materials 5.61% Energy 4.15% Communication Services 3.84% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK5% ₹3 Cr 21,500 Infosys Ltd (Technology)
Equity, Since 30 Apr 20 | INFY4% ₹3 Cr 15,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 19 | RELIANCE4% ₹3 Cr 9,268 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 28 Feb 21 | TATAMOTORS4% ₹3 Cr 22,000 Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 30 Sep 22 | HAL4% ₹2 Cr 5,000
↓ -2,900 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL4% ₹2 Cr 16,000 SBI Life Insurance Company Limited (Financial Services)
Equity, Since 31 Jan 22 | SBILIFE4% ₹2 Cr 13,500 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Mar 20 | TCS3% ₹2 Cr 5,265 Persistent Systems Ltd (Technology)
Equity, Since 31 Jul 22 | PERSISTENT3% ₹2 Cr 4,400 Max Healthcare Institute Ltd Ordinary Shares (Healthcare)
Equity, Since 31 Mar 22 | MAXHEALTH3% ₹2 Cr 22,000
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.
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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