+91-22-48913909SBI 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 ₹229.865 ↓ -1.40 (-0.60 %) ₹24,518 on 31 Aug 26 29 Mar 05 ☆☆☆ Equity Mid Cap 28 Moderately High 1.67 0.27 -1.24 -4.17 Not Available 0-1 Years (1%),1 Years and above(NIL) Essel Large and Midcap Fund
Growth
Fund Details ₹34.4858 ↓ -0.29 (-0.82 %) ₹315 on 31 Aug 26 7 Dec 15 Equity Large & Mid Cap Moderately High 2.26 0.25 -1.05 0.77 Not Available 0-365 Days (1%),365 Days 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 -5.1% -4.9% 8.8% 1.5% 8.3% 11.7% 15.7% Essel Large and Midcap Fund
Growth
Fund Details -6.8% -4.9% 8.9% -1.1% 6.6% 7.6% 12.1%
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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 2024 2023 2022 2021 2020 SBI Magnum Mid Cap Fund
Growth
Fund Details 0.4% 20.3% 34.5% 3% 52.2% Essel Large and Midcap Fund
Growth
Fund Details 1.3% 16.1% 23.5% 0.3% 44.1%
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 Bhavin Vithlani - 2.42 Yr. Essel Large and Midcap Fund
Growth
Fund Details ₹500 ₹1,000 Ashutosh Shirwaikar - 3.09 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 Sep 21 ₹10,000 30 Sep 22 ₹11,205 30 Sep 23 ₹13,629 30 Sep 24 ₹18,773 30 Sep 25 ₹16,949 30 Sep 26 ₹17,439 Essel Large and Midcap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Sep 21 ₹10,000 30 Sep 22 ₹10,188 30 Sep 23 ₹11,914 30 Sep 24 ₹15,655 30 Sep 25 ₹14,460 30 Sep 26 ₹14,549
Detailed Assets & Holdings Comparison
SBI Magnum Mid Cap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 3.49% Equity 96.51% Equity Sector Allocation
Sector Value Financial Services 24.52% Industrials 20.05% Basic Materials 12.09% Consumer Cyclical 10.5% Health Care 10.28% Utility 6.05% Technology 4.06% Consumer Defensive 3.86% Real Estate 3.61% Communication Services 1.49% Top Securities Holdings / Portfolio
Name Holding Value Quantity CRISIL Ltd (Financial Services)
Equity, Since 30 Apr 21 | CRISIL3% ₹820 Cr 1,700,000 Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 31 Mar 26 | MCX3% ₹748 Cr 2,200,000 Torrent Power Ltd (Utilities)
Equity, Since 30 Jun 19 | 5327793% ₹729 Cr 6,000,000
↑ 1,000,000 Supreme Industries Ltd (Industrials)
Equity, Since 31 Dec 25 | 5099303% ₹712 Cr 2,000,000 Bharat Heavy Electricals Ltd (Industrials)
Equity, Since 31 May 25 | 5001033% ₹664 Cr 15,000,000 Biocon Ltd (Healthcare)
Equity, Since 30 Nov 24 | BIOCON3% ₹643 Cr 15,598,584 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Oct 12 | FEDERALBNK3% ₹642 Cr 18,000,000 Sundaram Finance Ltd (Financial Services)
Equity, Since 30 Sep 22 | SUNDARMFIN3% ₹632 Cr 1,393,043 FSN E-Commerce Ventures Ltd (Consumer Cyclical)
Equity, Since 31 Jul 23 | NYKAA3% ₹629 Cr 18,000,000 ICICI Lombard General Insurance Co Ltd (Financial Services)
Equity, Since 31 Mar 25 | ICICIGI3% ₹627 Cr 3,999,975 Essel Large and Midcap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 5.6% Equity 94.4% Equity Sector Allocation
Sector Value Financial Services 37.57% Industrials 16.33% Health Care 10.06% Consumer Cyclical 8.17% Basic Materials 5.75% Technology 5.65% Communication Services 2.84% Real Estate 2.77% Energy 2.65% Consumer Defensive 2.61% Top Securities Holdings / Portfolio
Name Holding Value Quantity The Federal Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | FEDERALBNK3% ₹10 Cr 290,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | 5322153% ₹10 Cr 76,000 Astral Ltd (Industrials)
Equity, Since 30 Nov 24 | ASTRAL3% ₹10 Cr 62,500 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 18 | HDFCBANK3% ₹9 Cr 122,684 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 25 | KOTAKBANK3% ₹8 Cr 202,500 Samvardhana Motherson International Ltd (Consumer Cyclical)
Equity, Since 28 Feb 25 | MOTHERSON3% ₹8 Cr 475,000 UPL Ltd (Basic Materials)
Equity, Since 31 Jan 24 | UPL2% ₹8 Cr 140,000 ICICI Bank Ltd (Financial Services)
Equity, Since 28 Feb 18 | ICICIBANK2% ₹8 Cr 52,400 Bank of Maharashtra (Financial Services)
Equity, Since 31 Jul 24 | MAHABANK2% ₹7 Cr 873,500 Apollo Hospitals Enterprise Ltd (Healthcare)
Equity, Since 31 Jul 24 | APOLLOHOSP2% ₹7 Cr 8,000
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.
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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