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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 27, 2020 , 515 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
₹74.6387 ↑ 0.28   (0.38 %)
₹3,596 on 31 Aug 20
29 Mar 05
Equity
Mid Cap
28
Moderately High
2.33
0.33
-0.63
-1.6
Not Available
0-1 Years (1%),1 Years and above(NIL)
L&T Midcap Fund
Growth
Fund Details
₹137.41 ↓ -0.32   (-0.23 %)
₹5,791 on 31 Aug 20
9 Aug 04
Equity
Mid Cap
5
High
2.28
0.32
0.22
1.93
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
-1.1%
14.1%
42.8%
7%
-0.8%
5.1%
13.8%
L&T Midcap Fund
Growth
Fund Details
0%
15.4%
41.1%
7.1%
0.5%
9.6%
17.6%

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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 Performance2019
2018
2017
2016
2015
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 - 10.18 Yr.
L&T Midcap Fund
Growth
Fund Details
₹500
₹5,000
Venugopal Manghat - 0.71 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 15₹10,000
31 Aug 16₹11,884
31 Aug 17₹12,939
31 Aug 18₹13,193
31 Aug 19₹11,175
31 Aug 20₹12,333
Growth of 10,000 investment over the years.
L&T Midcap Fund
Growth
Fund Details
DateValue
31 Aug 15₹10,000
31 Aug 16₹11,387
31 Aug 17₹15,192
31 Aug 18₹16,353
31 Aug 19₹13,519
31 Aug 20₹14,905

Detailed Assets & Holdings Comparison

Asset Allocation
SBI Magnum Mid Cap Fund
Growth
Fund Details
Asset ClassValue
Cash2.28%
Equity97.72%
Equity Sector Allocation
SectorValue
Basic Materials20.38%
Consumer Cyclical16.32%
Health Care15.88%
Industrials13.94%
Financial Services12.08%
Technology6.57%
Real Estate6.53%
Utility4.48%
Communication Services1.5%
Consumer Defensive0.04%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
PI Industries Ltd (Basic Materials)
Equity, Since 31 Mar 14 | PIIND
7%₹257 Cr1,397,872
Sheela Foam Ltd (Consumer Cyclical)
Equity, Since 30 Nov 16 | 540203
6%₹215 Cr1,561,806
Godrej Properties Ltd (Real Estate)
Equity, Since 31 Dec 17 | GODREJPROP
5%₹182 Cr1,995,872
Coromandel International Ltd (Basic Materials)
Equity, Since 31 Jan 18 | 506395
5%₹182 Cr2,393,994
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Dec 12 | CHOLAFIN
4%₹155 Cr6,662,175
Hexaware Technologies Ltd (Technology)
Equity, Since 31 Dec 18 | 532129
4%₹140 Cr3,526,644
↑ 18,086
Gujarat State Petronet Ltd (Utilities)
Equity, Since 31 Mar 18 | 532702
3%₹126 Cr6,167,951
Ramco Cements Ltd (Basic Materials)
Equity, Since 29 Feb 12 | RAMCOCEM
3%₹120 Cr1,728,391
Sanofi India Ltd (Healthcare)
Equity, Since 30 Sep 14 | 500674
3%₹110 Cr133,301
Carborundum Universal Ltd (Industrials)
Equity, Since 30 Apr 11 | 513375
3%₹109 Cr4,047,103
Asset Allocation
L&T Midcap Fund
Growth
Fund Details
Asset ClassValue
Cash5.55%
Equity94.45%
Equity Sector Allocation
SectorValue
Basic Materials22.75%
Financial Services15.81%
Health Care14.91%
Industrials11.49%
Consumer Cyclical10.46%
Technology6.54%
Consumer Defensive5.11%
Real Estate3.04%
Communication Services2.15%
Utility1.74%
Energy0.46%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Bayer CropScience Ltd (Basic Materials)
Equity, Since 31 May 13 | 506285
4%₹241 Cr414,377
↓ -6,223
Emami Ltd (Consumer Defensive)
Equity, Since 31 Aug 13 | 531162
4%₹218 Cr6,119,555
Ipca Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 19 | 524494
3%₹196 Cr1,037,300
↓ -148,300
Mphasis Ltd (Technology)
Equity, Since 30 Apr 16 | 526299
3%₹194 Cr1,755,600
↓ -49,700
Syngene International Ltd (Healthcare)
Equity, Since 31 May 19 | 539268
3%₹167 Cr3,511,800
Atul Ltd (Basic Materials)
Equity, Since 30 Jun 19 | ATUL
3%₹147 Cr254,500
Coromandel International Ltd (Basic Materials)
Equity, Since 31 Jan 17 | 506395
3%₹145 Cr1,908,481
Abbott India Ltd (Healthcare)
Equity, Since 31 May 18 | 500488
2%₹139 Cr84,860
↓ -4,829
Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 28 Feb 15 | MCX
2%₹132 Cr825,375
↓ -24,194
Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 28 Feb 17 | 532286
2%₹126 Cr6,133,800
↓ -277,800

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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