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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 September 19, 2023 , 2549 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
₹172.291 ↑ 1.39   (0.81 %)
₹11,809 on 31 Jul 23
29 Mar 05
Equity
Mid Cap
28
Moderately High
1.88
1.29
0.1
-0.54
Not Available
0-1 Years (1%),1 Years and above(NIL)
L&T Midcap Fund
Growth
Fund Details
₹245.183 ↑ 1.87   (0.77 %)
₹7,920 on 31 Jul 23
9 Aug 04
Equity
Mid Cap
5
High
1.85
1.35
-1.88
-0.79
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
0.7%
10.5%
19.2%
18.4%
32.4%
17.7%
16.7%
L&T Midcap Fund
Growth
Fund Details
4.2%
15.2%
19.6%
20.9%
22.2%
11.3%
18.3%

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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 - 13.18 Yr.
L&T Midcap Fund
Growth
Fund Details
₹500
₹5,000
Vihang Naik - 7.18 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 Aug 18₹10,000
31 Aug 19₹8,470
31 Aug 20₹9,348
31 Aug 21₹16,477
31 Aug 22₹19,241
31 Aug 23₹22,695
Growth of 10,000 investment over the years.
L&T Midcap Fund
Growth
Fund Details
DateValue
31 Aug 18₹10,000
31 Aug 19₹8,267
31 Aug 20₹9,115
31 Aug 21₹14,008
31 Aug 22₹14,368
31 Aug 23₹17,092

Detailed Assets & Holdings Comparison

Asset Allocation
SBI Magnum Mid Cap Fund
Growth
Fund Details
Asset ClassValue
Cash6.84%
Equity93.16%
Equity Sector Allocation
SectorValue
Consumer Cyclical29.24%
Financial Services15.58%
Industrials15.2%
Basic Materials12.98%
Health Care6.39%
Real Estate3.98%
Consumer Defensive3.86%
Utility3.33%
Technology2.25%
Communication Services0.34%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
CRISIL Ltd (Financial Services)
Equity, Since 30 Apr 21 | CRISIL
4%₹556 Cr1,400,000
Schaeffler India Ltd Shs Dematerialised (Consumer Cyclical)
Equity, Since 28 Feb 14 | SCHAEFFLER
4%₹496 Cr1,623,740
Thermax Ltd (Industrials)
Equity, Since 31 Dec 13 | THERMAX
3%₹424 Cr1,511,202
Coromandel International Ltd (Basic Materials)
Equity, Since 31 Jan 18 | 506395
3%₹412 Cr3,778,182
Tube Investments of India Ltd Ordinary Shares (Industrials)
Equity, Since 31 Dec 20 | TIINDIA
3%₹406 Cr1,400,000
Page Industries Ltd (Consumer Cyclical)
Equity, Since 29 Feb 20 | 532827
3%₹385 Cr96,000
Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 18 | 500850
3%₹365 Cr8,682,397
Sundaram Finance Ltd Shs Dematerialised (Financial Services)
Equity, Since 30 Sep 22 | SUNDARMFIN
3%₹361 Cr1,389,085
↑ 79,085
Carborundum Universal Ltd (Industrials)
Equity, Since 30 Apr 11 | CARBORUNIV
3%₹352 Cr3,100,000
Torrent Power Ltd (Utilities)
Equity, Since 30 Jun 19 | 532779
3%₹340 Cr5,169,750
Asset Allocation
L&T Midcap Fund
Growth
Fund Details
Asset ClassValue
Cash0.87%
Equity99.13%
Equity Sector Allocation
SectorValue
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Ratnamani Metals & Tubes Ltd (Basic Materials)
Equity, Since 31 Oct 15 | RATNAMANI
3%₹276 Cr1,043,486
AIA Engineering Ltd (Industrials)
Equity, Since 31 Dec 16 | AIAENG
3%₹230 Cr621,300
Sundaram Finance Ltd (Financial Services)
Equity, Since 30 Nov 13 | SUNDARMFIN
2%₹193 Cr743,568
Abbott India Ltd (Healthcare)
Equity, Since 31 May 18 | ABBOTINDIA
2%₹186 Cr80,700
Bosch Ltd (Consumer Cyclical)
Equity, Since 31 Oct 19 | 500530
2%₹179 Cr96,253
3M India Ltd (Industrials)
Equity, Since 30 Sep 19 | 3MINDIA
2%₹176 Cr56,500
Emami Ltd (Consumer Defensive)
Equity, Since 31 Aug 13 | 531162
2%₹174 Cr3,326,025
Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 21 | 532810
2%₹174 Cr6,690,600
CRISIL Ltd (Financial Services)
Equity, Since 31 Mar 17 | CRISIL
2%₹169 Cr426,444
Godrej Properties Ltd (Real Estate)
Equity, Since 31 Mar 17 | GODREJPROP
2%₹164 Cr995,400

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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