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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 ₹139.521 ↑ 0.08 (0.06 %) ₹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) L&T Midcap Fund
Growth
Fund Details ₹205.25 ↓ -0.47 (-0.23 %) ₹6,909 on 31 Oct 21 9 Aug 04 ☆☆☆☆ Equity Mid Cap 5 High 1.88 3.19 -0.62 -2.47 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 Performance 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since launch SBI Magnum Mid Cap Fund
Growth
Fund Details 0.1% 7.1% 21.2% 58.8% 25.9% 16.2% 17.1% L&T Midcap Fund
Growth
Fund Details -3.2% -0.4% 9.8% 34.5% 15.9% 15.6% 19.1%
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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 2020 2019 2018 2017 2016 SBI Magnum Mid Cap Fund
Growth
Fund Details 30.4% 0.1% -18% 33.5% 5% L&T Midcap Fund
Growth
Fund Details 19% -0.2% -12% 52.3% 9.8%
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 Details Min SIP Investment Min Investment Fund Manager SBI Magnum Mid Cap Fund
Growth
Fund Details ₹500 ₹5,000 Sohini Andani - 11.35 Yr. L&T Midcap Fund
Growth
Fund Details ₹500 ₹5,000 Venugopal Manghat - 1.88 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 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 L&T Midcap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Nov 16 ₹10,000 30 Nov 17 ₹14,367 30 Nov 18 ₹12,916 30 Nov 19 ₹13,026 30 Nov 20 ₹14,915 30 Nov 21 ₹19,887
Detailed Assets & Holdings Comparison
SBI Magnum Mid Cap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 1.99% Equity 98.01% Equity Sector Allocation
Sector Value Consumer Cyclical 30.17% Basic Materials 18.83% Industrials 14.75% Financial Services 13.51% Health Care 6.74% Real Estate 6.14% Utility 3.99% Technology 1.75% Consumer Defensive 0.96% Communication Services 0.62% Energy 0.24% Top Securities Holdings / Portfolio
Name Holding Value Quantity Sheela Foam Ltd (Consumer Cyclical)
Equity, Since 30 Nov 16 | 5402035% ₹336 Cr 1,361,806
↓ -96,883 Page Industries Ltd (Consumer Cyclical)
Equity, Since 29 Feb 20 | 5328275% ₹301 Cr 80,000 Carborundum Universal Ltd (Industrials)
Equity, Since 30 Apr 11 | 5133754% ₹260 Cr 3,100,000
↓ -124,444 Tube Investments of India Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 31 Dec 20 | 5407624% ₹243 Cr 1,746,672 JK Cement Ltd (Basic Materials)
Equity, Since 30 Apr 19 | JKCEMENT4% ₹237 Cr 713,774 Godrej Properties Ltd (Real Estate)
Equity, Since 31 Dec 17 | GODREJPROP4% ₹234 Cr 1,050,000
↓ -114,904 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Dec 12 | CHOLAFIN3% ₹209 Cr 3,400,000 Sona BLW Precision Forgings Ltd (Consumer Cyclical)
Equity, Since 30 Jun 21 | 5433003% ₹201 Cr 3,108,000 Gujarat State Petronet Ltd (Utilities)
Equity, Since 31 Mar 18 | 5327023% ₹188 Cr 6,167,951 Ramco Cements Ltd (Basic Materials)
Equity, Since 29 Feb 12 | RAMCOCEM3% ₹184 Cr 1,728,391 L&T Midcap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 1.72% Equity 98.28% Equity Sector Allocation
Sector Value Financial Services 21.23% Basic Materials 16.71% Industrials 15.98% Health Care 13.84% Consumer Cyclical 9.01% Technology 7.58% Consumer Defensive 6.9% Real Estate 5.18% Communication Services 1.15% Energy 0.7% Top Securities Holdings / Portfolio
Name Holding Value Quantity Mphasis Ltd (Technology)
Equity, Since 30 Apr 16 | 5262995% ₹369 Cr 1,140,400
↓ -228,200 Emami Ltd (Consumer Defensive)
Equity, Since 31 Aug 13 | 5311625% ₹328 Cr 6,167,914 Godrej Properties Ltd (Real Estate)
Equity, Since 31 Mar 17 | GODREJPROP3% ₹227 Cr 1,017,000 Blue Dart Express Ltd (Industrials)
Equity, Since 31 Dec 17 | 5266123% ₹209 Cr 314,291 Bayer CropScience Ltd (Basic Materials)
Equity, Since 31 May 13 | 5062853% ₹205 Cr 410,382
↓ -16,318 Ipca Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 19 | 5244943% ₹201 Cr 937,800 Ratnamani Metals & Tubes Ltd (Basic Materials)
Equity, Since 31 Oct 15 | 5201113% ₹194 Cr 904,319 Ramco Cements Ltd (Basic Materials)
Equity, Since 30 Sep 12 | RAMCOCEM3% ₹189 Cr 1,769,142 Sundaram Finance Ltd (Financial Services)
Equity, Since 30 Nov 13 | SUNDARMFIN3% ₹180 Cr 754,941 Abbott India Ltd (Healthcare)
Equity, Since 31 May 18 | 5004883% ₹177 Cr 88,200
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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