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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 ₹172.291 ↑ 1.39 (0.81 %) ₹11,809 on 31 Jul 23 29 Mar 05 ☆☆☆ Equity Mid Cap 28 Moderately High 1.88 1.29 0.1 -0.54 Not Available 0-1 Years (1%),1 Years and above(NIL) L&T Midcap Fund
Growth
Fund Details ₹245.183 ↑ 1.87 (0.77 %) ₹7,920 on 31 Jul 23 9 Aug 04 ☆☆☆☆ Equity Mid Cap 5 High 1.85 1.35 -1.88 -0.79 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 0.7% 10.5% 19.2% 18.4% 32.4% 17.7% 16.7% L&T Midcap Fund
Growth
Fund Details 4.2% 15.2% 19.6% 20.9% 22.2% 11.3% 18.3%
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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 Performance 2022 2021 2020 2019 2018 SBI Magnum Mid Cap Fund
Growth
Fund Details 3% 52.2% 30.4% 0.1% -18% L&T Midcap Fund
Growth
Fund Details 1.1% 30.4% 19% -0.2% -12%
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 - 13.18 Yr. L&T Midcap Fund
Growth
Fund Details ₹500 ₹5,000 Vihang Naik - 7.18 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 Aug 18 ₹10,000 31 Aug 19 ₹8,470 31 Aug 20 ₹9,348 31 Aug 21 ₹16,477 31 Aug 22 ₹19,241 31 Aug 23 ₹22,695 L&T Midcap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹8,267 31 Aug 20 ₹9,115 31 Aug 21 ₹14,008 31 Aug 22 ₹14,368 31 Aug 23 ₹17,092
Detailed Assets & Holdings Comparison
SBI Magnum Mid Cap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 6.84% Equity 93.16% Equity Sector Allocation
Sector Value Consumer Cyclical 29.24% Financial Services 15.58% Industrials 15.2% Basic Materials 12.98% Health Care 6.39% Real Estate 3.98% Consumer Defensive 3.86% Utility 3.33% Technology 2.25% Communication Services 0.34% Top Securities Holdings / Portfolio
Name Holding Value Quantity CRISIL Ltd (Financial Services)
Equity, Since 30 Apr 21 | CRISIL4% ₹556 Cr 1,400,000 Schaeffler India Ltd Shs Dematerialised (Consumer Cyclical)
Equity, Since 28 Feb 14 | SCHAEFFLER4% ₹496 Cr 1,623,740 Thermax Ltd (Industrials)
Equity, Since 31 Dec 13 | THERMAX3% ₹424 Cr 1,511,202 Coromandel International Ltd (Basic Materials)
Equity, Since 31 Jan 18 | 5063953% ₹412 Cr 3,778,182 Tube Investments of India Ltd Ordinary Shares (Industrials)
Equity, Since 31 Dec 20 | TIINDIA3% ₹406 Cr 1,400,000 Page Industries Ltd (Consumer Cyclical)
Equity, Since 29 Feb 20 | 5328273% ₹385 Cr 96,000 Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 18 | 5008503% ₹365 Cr 8,682,397 Sundaram Finance Ltd Shs Dematerialised (Financial Services)
Equity, Since 30 Sep 22 | SUNDARMFIN3% ₹361 Cr 1,389,085
↑ 79,085 Carborundum Universal Ltd (Industrials)
Equity, Since 30 Apr 11 | CARBORUNIV3% ₹352 Cr 3,100,000 Torrent Power Ltd (Utilities)
Equity, Since 30 Jun 19 | 5327793% ₹340 Cr 5,169,750 L&T Midcap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 0.87% Equity 99.13% Equity Sector Allocation
Sector Value Top Securities Holdings / Portfolio
Name Holding Value Quantity Ratnamani Metals & Tubes Ltd (Basic Materials)
Equity, Since 31 Oct 15 | RATNAMANI3% ₹276 Cr 1,043,486 AIA Engineering Ltd (Industrials)
Equity, Since 31 Dec 16 | AIAENG3% ₹230 Cr 621,300 Sundaram Finance Ltd (Financial Services)
Equity, Since 30 Nov 13 | SUNDARMFIN2% ₹193 Cr 743,568 Abbott India Ltd (Healthcare)
Equity, Since 31 May 18 | ABBOTINDIA2% ₹186 Cr 80,700 Bosch Ltd (Consumer Cyclical)
Equity, Since 31 Oct 19 | 5005302% ₹179 Cr 96,253 3M India Ltd (Industrials)
Equity, Since 30 Sep 19 | 3MINDIA2% ₹176 Cr 56,500 Emami Ltd (Consumer Defensive)
Equity, Since 31 Aug 13 | 5311622% ₹174 Cr 3,326,025 Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 21 | 5328102% ₹174 Cr 6,690,600 CRISIL Ltd (Financial Services)
Equity, Since 31 Mar 17 | CRISIL2% ₹169 Cr 426,444 Godrej Properties Ltd (Real Estate)
Equity, Since 31 Mar 17 | GODREJPROP2% ₹164 Cr 995,400
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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