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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 January 21, 2020 , 276 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
₹75.7062 ↑ 1.14   (1.53 %)
₹3,472 on 31 Dec 19
29 Mar 05
Equity
Mid Cap
28
Moderately High
2.33
-0.16
-1.56
-0.98
Not Available
0-1 Years (1%),1 Years and above(NIL)
L&T Midcap Fund
Growth
Fund Details
₹140.54 ↑ 1.71   (1.23 %)
₹5,992 on 31 Dec 19
9 Aug 04
Equity
Mid Cap
5
High
2.28
-0.15
0.5
2.34
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
7.7%
11.4%
11.9%
7.9%
3.9%
6.6%
14.6%
L&T Midcap Fund
Growth
Fund Details
7.9%
9.4%
13.1%
8.6%
10.3%
10.4%
18.6%

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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 Performance2018
2017
2016
2015
2014
SBI Magnum Mid Cap Fund
Growth
Fund Details
0.1%
-18%
33.5%
5%
14.9%
L&T Midcap Fund
Growth
Fund Details
-0.2%
-12%
52.3%
9.8%
10.8%

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, 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 - 8.84 Yr.
L&T Midcap Fund
Growth
Fund Details
₹500
₹5,000
Venugopal Manghat - 0 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 Dec 14₹10,000
31 Dec 15₹11,492
31 Dec 16₹12,065
31 Dec 17₹16,105
31 Dec 18₹13,209
31 Dec 19₹13,219
Growth of 10,000 investment over the years.
L&T Midcap Fund
Growth
Fund Details
DateValue
31 Dec 14₹10,000
31 Dec 15₹11,077
31 Dec 16₹12,162
31 Dec 17₹18,526
31 Dec 18₹16,297
31 Dec 19₹16,272

Detailed Assets & Holdings Comparison

Asset Allocation
SBI Magnum Mid Cap Fund
Growth
Fund Details
Asset ClassValue
Cash2.92%
Equity97.08%
Equity Sector Allocation
SectorValue
Financial Services20.08%
Basic Materials19.53%
Industrials16.41%
Consumer Cyclical10.91%
Health Care10.76%
Utility6.99%
Technology6.47%
Real Estate5.85%
Consumer Defensive0.08%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
PI Industries Ltd (Basic Materials)
Equity, Since 31 Mar 14 | PIIND
8%₹279 Cr1,881,000
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Dec 12 | CHOLAFIN
6%₹208 Cr6,662,175
Sheela Foam Ltd (Consumer Cyclical)
Equity, Since 30 Nov 16 | 540203
6%₹204 Cr1,561,806
Godrej Properties Ltd (Real Estate)
Equity, Since 31 Dec 17 | GODREJPROP
5%₹190 Cr2,095,872
Ramco Cements Ltd (Basic Materials)
Equity, Since 29 Feb 12 | RAMCOCEM
5%₹162 Cr2,028,391
Gujarat State Petronet Ltd (Utilities)
Equity, Since 31 Mar 18 | 532702
4%₹154 Cr7,167,951
Carborundum Universal Ltd (Industrials)
Equity, Since 30 Apr 11 | 513375
4%₹133 Cr4,047,103
Hexaware Technologies Ltd (Technology)
Equity, Since 31 Dec 18 | 532129
4%₹129 Cr3,814,251
Torrent Pharmaceuticals Ltd (Healthcare)
Equity, Since 30 Apr 18 | TORNTPHARM
3%₹121 Cr636,806
Thermax Ltd (Industrials)
Equity, Since 31 Dec 13 | THERMAX
3%₹119 Cr1,161,202
Asset Allocation
L&T Midcap Fund
Growth
Fund Details
Asset ClassValue
Cash5.1%
Equity95%
Equity Sector Allocation
SectorValue
Basic Materials21.73%
Financial Services20.07%
Consumer Cyclical15.99%
Industrials15.41%
Health Care9.33%
Consumer Defensive4.48%
Real Estate3.37%
Technology1.76%
Communication Services1.12%
Utility1.09%
Energy0.6%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
(A) Tri Party Repo Dealing System (Treps)
CBLO/Reverse Repo | -
5%₹302 Cr
City Union Bank Ltd (Financial Services)
Equity, Since 31 Mar 18 | CUB
3%₹174 Cr7,750,300
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Nov 17 | CHOLAFIN
3%₹151 Cr4,825,800
Ramco Cements Ltd (Basic Materials)
Equity, Since 30 Sep 12 | RAMCOCEM
2%₹145 Cr1,814,400
↓ -200,000
Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 28 Feb 17 | 532286
2%₹131 Cr8,152,200
Shree Cement Ltd (Basic Materials)
Equity, Since 31 Dec 12 | 500387
2%₹130 Cr62,000
Abbott India Ltd (Healthcare)
Equity, Since 31 May 18 | 500488
2%₹128 Cr102,000
Emami Ltd (Consumer Defensive)
Equity, Since 31 Aug 13 | 531162
2%₹127 Cr4,026,272
↓ -34,228
Manappuram Finance Ltd (Financial Services)
Equity, Since 31 Dec 17 | 531213
2%₹123 Cr7,955,789
Berger Paints India Ltd (Basic Materials)
Equity, Since 29 Feb 16 | 509480
2%₹122 Cr2,460,355

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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