fincash logo SOLUTIONS
EXPLORE FUNDS
CALCULATORS
LOG IN
SIGN UP

Fincash » SBI Magnum Mid Cap Fund Vs L&T Midcap Fund

SBI Magnum Mid Cap Fund Vs L&T Midcap Fund

Updated on December 1, 2021 , 1128 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
₹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
Performance1 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%

Ready to Invest?
Talk to our investment specialist
Disclaimer:
By submitting this form I authorize Fincash.com to call/SMS/email me about its products and I accept the terms of Privacy Policy and Terms & Conditions.

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 Performance2020
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 DetailsMin 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

Growth of 10,000 investment over the years.
SBI Magnum Mid Cap Fund
Growth
Fund Details
DateValue
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
Growth of 10,000 investment over the years.
L&T Midcap Fund
Growth
Fund Details
DateValue
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

Asset Allocation
SBI Magnum Mid Cap Fund
Growth
Fund Details
Asset ClassValue
Cash1.99%
Equity98.01%
Equity Sector Allocation
SectorValue
Consumer Cyclical30.17%
Basic Materials18.83%
Industrials14.75%
Financial Services13.51%
Health Care6.74%
Real Estate6.14%
Utility3.99%
Technology1.75%
Consumer Defensive0.96%
Communication Services0.62%
Energy0.24%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Sheela Foam Ltd (Consumer Cyclical)
Equity, Since 30 Nov 16 | 540203
5%₹336 Cr1,361,806
↓ -96,883
Page Industries Ltd (Consumer Cyclical)
Equity, Since 29 Feb 20 | 532827
5%₹301 Cr80,000
Carborundum Universal Ltd (Industrials)
Equity, Since 30 Apr 11 | 513375
4%₹260 Cr3,100,000
↓ -124,444
Tube Investments of India Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 31 Dec 20 | 540762
4%₹243 Cr1,746,672
JK Cement Ltd (Basic Materials)
Equity, Since 30 Apr 19 | JKCEMENT
4%₹237 Cr713,774
Godrej Properties Ltd (Real Estate)
Equity, Since 31 Dec 17 | GODREJPROP
4%₹234 Cr1,050,000
↓ -114,904
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Dec 12 | CHOLAFIN
3%₹209 Cr3,400,000
Sona BLW Precision Forgings Ltd (Consumer Cyclical)
Equity, Since 30 Jun 21 | 543300
3%₹201 Cr3,108,000
Gujarat State Petronet Ltd (Utilities)
Equity, Since 31 Mar 18 | 532702
3%₹188 Cr6,167,951
Ramco Cements Ltd (Basic Materials)
Equity, Since 29 Feb 12 | RAMCOCEM
3%₹184 Cr1,728,391
Asset Allocation
L&T Midcap Fund
Growth
Fund Details
Asset ClassValue
Cash1.72%
Equity98.28%
Equity Sector Allocation
SectorValue
Financial Services21.23%
Basic Materials16.71%
Industrials15.98%
Health Care13.84%
Consumer Cyclical9.01%
Technology7.58%
Consumer Defensive6.9%
Real Estate5.18%
Communication Services1.15%
Energy0.7%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Mphasis Ltd (Technology)
Equity, Since 30 Apr 16 | 526299
5%₹369 Cr1,140,400
↓ -228,200
Emami Ltd (Consumer Defensive)
Equity, Since 31 Aug 13 | 531162
5%₹328 Cr6,167,914
Godrej Properties Ltd (Real Estate)
Equity, Since 31 Mar 17 | GODREJPROP
3%₹227 Cr1,017,000
Blue Dart Express Ltd (Industrials)
Equity, Since 31 Dec 17 | 526612
3%₹209 Cr314,291
Bayer CropScience Ltd (Basic Materials)
Equity, Since 31 May 13 | 506285
3%₹205 Cr410,382
↓ -16,318
Ipca Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 19 | 524494
3%₹201 Cr937,800
Ratnamani Metals & Tubes Ltd (Basic Materials)
Equity, Since 31 Oct 15 | 520111
3%₹194 Cr904,319
Ramco Cements Ltd (Basic Materials)
Equity, Since 30 Sep 12 | RAMCOCEM
3%₹189 Cr1,769,142
Sundaram Finance Ltd (Financial Services)
Equity, Since 30 Nov 13 | SUNDARMFIN
3%₹180 Cr754,941
Abbott India Ltd (Healthcare)
Equity, Since 31 May 18 | 500488
3%₹177 Cr88,200

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.

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.
How helpful was this page ?
Rated 5, based on 1 reviews.
POST A COMMENT