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Fincash » SBI Magnum Mid Cap Fund Vs L&T Midcap Fund

SBI Magnum Mid Cap Fund Vs L&T Midcap Fund

Updated on March 25, 2023 , 2157 views

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
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
₹139.262 ↓ -0.95   (-0.68 %)
₹8,733 on 28 Feb 23
29 Mar 05
Equity
Mid Cap
28
Moderately High
2
0.31
0.43
1.41
Not Available
0-1 Years (1%),1 Years and above(NIL)
L&T Midcap Fund
Growth
Fund Details
₹198.545 ↓ -0.84   (-0.42 %)
₹7,089 on 31 Jan 23
9 Aug 04
Equity
Mid Cap
5
High
1.86
-0.22
-1.26
-2.32
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, 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
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
SBI Magnum Mid Cap Fund
Growth
Fund Details
-3.9%
-3.5%
-4.8%
4.3%
38.6%
11.8%
15.8%
L&T Midcap Fund
Growth
Fund Details
-2.3%
-3.8%
-2.4%
-0.2%
26.8%
7.4%
17.4%

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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 Performance2022
2021
2020
2019
2018
SBI Magnum Mid Cap Fund
Growth
Fund Details
3%
52.2%
30.4%
0.1%
-18%
L&T Midcap Fund
Growth
Fund Details
1.1%
30.4%
19%
-0.2%
-12%

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 DetailsMin SIP Investment
Min Investment
Fund Manager
SBI Magnum Mid Cap Fund
Growth
Fund Details
₹500
₹5,000
Sohini Andani - 12.67 Yr.
L&T Midcap Fund
Growth
Fund Details
₹500
₹5,000
Vihang Naik - 6.67 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
28 Feb 18₹10,000
28 Feb 19₹8,456
29 Feb 20₹8,991
28 Feb 21₹13,049
28 Feb 22₹16,370
28 Feb 23₹17,877
Growth of 10,000 investment over the years.
L&T Midcap Fund
Growth
Fund Details
DateValue
28 Feb 18₹10,000
28 Feb 19₹8,663
29 Feb 20₹9,296
28 Feb 21₹11,787
28 Feb 22₹13,451
28 Feb 23₹14,109

Detailed Assets & Holdings Comparison

Asset Allocation
SBI Magnum Mid Cap Fund
Growth
Fund Details
Asset ClassValue
Cash2.71%
Equity97.29%
Equity Sector Allocation
SectorValue
Consumer Cyclical34.55%
Financial Services15.71%
Industrials14.27%
Basic Materials12.57%
Health Care5.97%
Utility4.82%
Consumer Defensive4.41%
Real Estate4.35%
Technology0.37%
Communication Services0.26%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
CRISIL Ltd (Financial Services)
Equity, Since 30 Apr 21 | CRISIL
5%₹474 Cr1,400,000
Tube Investments of India Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 31 Dec 20 | TIINDIA
4%₹388 Cr1,400,000
Schaeffler India Ltd (Consumer Cyclical)
Equity, Since 28 Feb 14 | SCHAEFFLER
4%₹358 Cr1,201,830
Page Industries Ltd (Consumer Cyclical)
Equity, Since 29 Feb 20 | 532827
4%₹333 Cr87,751
Thermax Ltd (Industrials)
Equity, Since 31 Dec 13 | THERMAX
4%₹325 Cr1,511,202
Sheela Foam Ltd (Consumer Cyclical)
Equity, Since 30 Nov 16 | SFL
3%₹304 Cr2,594,920
Carborundum Universal Ltd (Industrials)
Equity, Since 30 Apr 11 | CARBORUNIV
3%₹303 Cr3,100,000
Procter & Gamble Hygiene and Health Care Ltd (Consumer Defensive)
Equity, Since 31 Jan 22 | PGHH
3%₹275 Cr200,000
Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 18 | 500850
3%₹270 Cr8,682,397
↑ 500,000
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Dec 12 | CHOLAFIN
3%₹257 Cr3,400,000
Asset Allocation
L&T Midcap Fund
Growth
Fund Details
Asset ClassValue
Cash5.05%
Equity94.95%
Equity Sector Allocation
SectorValue
Financial Services18.87%
Industrials15.72%
Basic Materials15.03%
Consumer Cyclical14.28%
Health Care13.69%
Consumer Defensive5.59%
Technology4.23%
Utility2.75%
Communication Services2.01%
Real Estate1.95%
Energy0.83%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Ratnamani Metals & Tubes Ltd (Basic Materials)
Equity, Since 31 Oct 15 | RATNAMANI
3%₹236 Cr1,063,861
Emami Ltd (Consumer Defensive)
Equity, Since 31 Aug 13 | 531162
3%₹220 Cr4,965,964
↓ -101,003
Sundaram Finance Ltd (Financial Services)
Equity, Since 30 Nov 13 | SUNDARMFIN
2%₹169 Cr743,568
Abbott India Ltd (Healthcare)
Equity, Since 31 May 18 | ABBOTINDIA
2%₹168 Cr80,700
Ipca Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 19 | 524494
2%₹168 Cr1,975,600
Cummins India Ltd (Industrials)
Equity, Since 30 Apr 18 | 500480
2%₹162 Cr1,128,100
Indian Bank (Financial Services)
Equity, Since 31 Oct 21 | 532814
2%₹161 Cr5,281,200
Bosch Ltd (Consumer Cyclical)
Equity, Since 31 Oct 19 | 500530
2%₹155 Cr90,899
Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 30 Apr 18 | 500850
2%₹141 Cr4,668,200
Blue Dart Express Ltd (Industrials)
Equity, Since 31 Dec 17 | BLUEDART
2%₹135 Cr213,701
↓ -10,000

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.

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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