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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 ₹75.7062 ↑ 1.14 (1.53 %) ₹3,472 on 31 Dec 19 29 Mar 05 ☆☆☆ Equity Mid Cap 28 Moderately High 2.33 -0.16 -1.56 -0.98 Not Available 0-1 Years (1%),1 Years and above(NIL) L&T Midcap Fund
Growth
Fund Details ₹140.54 ↑ 1.71 (1.23 %) ₹5,992 on 31 Dec 19 9 Aug 04 ☆☆☆☆ Equity Mid Cap 5 High 2.28 -0.15 0.5 2.34 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 7.7% 11.4% 11.9% 7.9% 3.9% 6.6% 14.6% L&T Midcap Fund
Growth
Fund Details 7.9% 9.4% 13.1% 8.6% 10.3% 10.4% 18.6%
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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 Performance 2018 2017 2016 2015 2014 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 Details Min SIP Investment Min Investment Fund Manager SBI Magnum Mid Cap Fund
Growth
Fund Details ₹500 ₹5,000 Sohini Andani - 8.84 Yr. L&T Midcap Fund
Growth
Fund Details ₹500 ₹5,000 Venugopal Manghat - 0 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 31 Dec 14 ₹10,000 31 Dec 15 ₹11,492 31 Dec 16 ₹12,065 31 Dec 17 ₹16,105 31 Dec 18 ₹13,209 31 Dec 19 ₹13,219 L&T Midcap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Dec 14 ₹10,000 31 Dec 15 ₹11,077 31 Dec 16 ₹12,162 31 Dec 17 ₹18,526 31 Dec 18 ₹16,297 31 Dec 19 ₹16,272
Detailed Assets & Holdings Comparison
SBI Magnum Mid Cap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 2.92% Equity 97.08% Equity Sector Allocation
Sector Value Financial Services 20.08% Basic Materials 19.53% Industrials 16.41% Consumer Cyclical 10.91% Health Care 10.76% Utility 6.99% Technology 6.47% Real Estate 5.85% Consumer Defensive 0.08% Top Securities Holdings / Portfolio
Name Holding Value Quantity PI Industries Ltd (Basic Materials)
Equity, Since 31 Mar 14 | PIIND8% ₹279 Cr 1,881,000 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Dec 12 | CHOLAFIN6% ₹208 Cr 6,662,175 Sheela Foam Ltd (Consumer Cyclical)
Equity, Since 30 Nov 16 | 5402036% ₹204 Cr 1,561,806 Godrej Properties Ltd (Real Estate)
Equity, Since 31 Dec 17 | GODREJPROP5% ₹190 Cr 2,095,872 Ramco Cements Ltd (Basic Materials)
Equity, Since 29 Feb 12 | RAMCOCEM5% ₹162 Cr 2,028,391 Gujarat State Petronet Ltd (Utilities)
Equity, Since 31 Mar 18 | 5327024% ₹154 Cr 7,167,951 Carborundum Universal Ltd (Industrials)
Equity, Since 30 Apr 11 | 5133754% ₹133 Cr 4,047,103 Hexaware Technologies Ltd (Technology)
Equity, Since 31 Dec 18 | 5321294% ₹129 Cr 3,814,251 Torrent Pharmaceuticals Ltd (Healthcare)
Equity, Since 30 Apr 18 | TORNTPHARM3% ₹121 Cr 636,806 Thermax Ltd (Industrials)
Equity, Since 31 Dec 13 | THERMAX3% ₹119 Cr 1,161,202 L&T Midcap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 5.1% Equity 95% Equity Sector Allocation
Sector Value Basic Materials 21.73% Financial Services 20.07% Consumer Cyclical 15.99% Industrials 15.41% Health Care 9.33% Consumer Defensive 4.48% Real Estate 3.37% Technology 1.76% Communication Services 1.12% Utility 1.09% Energy 0.6% Top Securities Holdings / Portfolio
Name Holding Value Quantity (A) Tri Party Repo Dealing System (Treps)
CBLO/Reverse Repo | -5% ₹302 Cr City Union Bank Ltd (Financial Services)
Equity, Since 31 Mar 18 | CUB3% ₹174 Cr 7,750,300 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Nov 17 | CHOLAFIN3% ₹151 Cr 4,825,800 Ramco Cements Ltd (Basic Materials)
Equity, Since 30 Sep 12 | RAMCOCEM2% ₹145 Cr 1,814,400
↓ -200,000 Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 28 Feb 17 | 5322862% ₹131 Cr 8,152,200 Shree Cement Ltd (Basic Materials)
Equity, Since 31 Dec 12 | 5003872% ₹130 Cr 62,000 Abbott India Ltd (Healthcare)
Equity, Since 31 May 18 | 5004882% ₹128 Cr 102,000 Emami Ltd (Consumer Defensive)
Equity, Since 31 Aug 13 | 5311622% ₹127 Cr 4,026,272
↓ -34,228 Manappuram Finance Ltd (Financial Services)
Equity, Since 31 Dec 17 | 5312132% ₹123 Cr 7,955,789 Berger Paints India Ltd (Basic Materials)
Equity, Since 29 Feb 16 | 5094802% ₹122 Cr 2,460,355
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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