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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 April 11, 2024 , 2783 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
₹209.802 ↓ -0.38   (-0.18 %)
₹16,459 on 29 Feb 24
29 Mar 05
Equity
Mid Cap
28
Moderately High
1.88
2.41
-0.61
-3.62
Not Available
0-1 Years (1%),1 Years and above(NIL)
Essel Long Term Advantage Fund
Growth
Fund Details
₹26.1873 ↓ -0.19   (-0.70 %)
₹63 on 29 Feb 24
30 Dec 15
Not Rated
Equity
ELSS
Moderately High
0
2.14
-1.17
-2.73
Not Available
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
6.7%
5.3%
16%
42.4%
25.9%
23%
17.3%
Essel Long Term Advantage Fund
Growth
Fund Details
1.1%
1.5%
11.3%
29.6%
16.6%
12.5%
12.3%

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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 Performance2023
2022
2021
2020
2019
SBI Magnum Mid Cap Fund
Growth
Fund Details
34.5%
3%
52.2%
30.4%
0.1%
Essel Long Term Advantage Fund
Growth
Fund Details
24.1%
-2%
29.4%
8.5%
7.9%

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 - 13.76 Yr.
Essel Long Term Advantage Fund
Growth
Fund Details
₹500
₹500
Aditya Mulki - 2.06 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 Mar 19₹10,000
31 Mar 20₹6,992
31 Mar 21₹14,394
31 Mar 22₹18,209
31 Mar 23₹19,075
31 Mar 24₹26,985
Growth of 10,000 investment over the years.
Essel Long Term Advantage Fund
Growth
Fund Details
DateValue
31 Mar 19₹10,000
31 Mar 20₹7,264
31 Mar 21₹11,758
31 Mar 22₹13,797
31 Mar 23₹13,650
31 Mar 24₹17,637

Detailed Assets & Holdings Comparison

Asset Allocation
SBI Magnum Mid Cap Fund
Growth
Fund Details
Asset ClassValue
Cash8.75%
Equity91.25%
Equity Sector Allocation
SectorValue
Consumer Cyclical27.97%
Financial Services16.42%
Industrials13.56%
Basic Materials9.66%
Health Care8.45%
Real Estate4.59%
Utility3.39%
Consumer Defensive3.14%
Communication Services2.12%
Technology1.95%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
CRISIL Ltd (Financial Services)
Equity, Since 30 Apr 21 | CRISIL
4%₹702 Cr1,400,000
Sundaram Finance Ltd (Financial Services)
Equity, Since 30 Sep 22 | SUNDARMFIN
4%₹621 Cr1,490,000
Torrent Power Ltd (Utilities)
Equity, Since 30 Jun 19 | 532779
3%₹557 Cr5,169,750
Thermax Ltd (Industrials)
Equity, Since 31 Dec 13 | THERMAX
3%₹550 Cr1,511,202
Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 18 | 500850
3%₹509 Cr8,682,397
Tube Investments of India Ltd Ordinary Shares (Industrials)
Equity, Since 31 Dec 20 | TIINDIA
3%₹488 Cr1,400,000
Schaeffler India Ltd (Consumer Cyclical)
Equity, Since 28 Feb 14 | SCHAEFFLER
3%₹470 Cr1,623,740
Coromandel International Ltd (Basic Materials)
Equity, Since 31 Jan 18 | 506395
2%₹377 Cr3,500,000
Sona BLW Precision Forgings Ltd (Consumer Cyclical)
Equity, Since 30 Jun 21 | 543300
2%₹362 Cr5,258,000
Max Healthcare Institute Ltd Ordinary Shares (Healthcare)
Equity, Since 30 Sep 21 | MAXHEALTH
2%₹357 Cr4,500,000
Asset Allocation
Essel Long Term Advantage Fund
Growth
Fund Details
Asset ClassValue
Cash3.18%
Equity96.82%
Equity Sector Allocation
SectorValue
Financial Services25.77%
Technology16.79%
Industrials11.32%
Health Care11.14%
Consumer Cyclical9.14%
Consumer Defensive8.95%
Basic Materials6.33%
Energy4.31%
Communication Services3.07%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Infosys Ltd (Technology)
Equity, Since 30 Apr 20 | INFY
7%₹4 Cr25,000
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 28 Feb 21 | SUNPHARMA
5%₹3 Cr20,500
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK
5%₹3 Cr21,500
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 19 | RELIANCE
4%₹3 Cr9,268
↓ -1,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Mar 16 | ICICIBANK
4%₹2 Cr23,609
↓ -3,000
Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 30 Sep 22 | HAL
4%₹2 Cr7,900
SBI Life Insurance Company Limited (Financial Services)
Equity, Since 31 Jan 22 | SBILIFE
3%₹2 Cr13,500
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 28 Feb 21 | TATAMOTORS
3%₹2 Cr22,000
↓ -6,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Mar 20 | TCS
3%₹2 Cr4,465
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL
3%₹2 Cr16,000

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.

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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