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Fincash » SBI Magnum Multicap Fund Vs Nippon India Multi Cap Fund

SBI Magnum Multicap Fund Vs Nippon India Multi Cap Fund

Updated on January 20, 2020 , 335 views

SBI Magnum Multicap Fund and Nippon India Multi Cap Fund (Formerly known as Reliance Multi Cap Fund) both are a part of multi-cap funds. Multi-cap funds, also known as Diversified Funds or flexi cap are a type of Mutual Fund schemes that invest their corpus across market capitalization. Ideally, these funds are picked by those investors who don't want to take risks by Investing in just one market cap. Multi cap funds balance out the risk and reduce the volatility that usually comes with stock investments by investing across market capitalizations. Though SBI Magnum Multicap Fund and Reliance/Nippon India Multi Cap Fund belong to the same category, there are still a lot of differences in these schemes. So, for better fund selection, let us understand the differences between both the funds.

SBI Magnum Multicap Fund

SBI Magnum Multicap Fund is offered by SBI Mutual Fund under the diversified category. This scheme was incepted on September 29, 2005, and it uses S&P BSE 500 Index to construct its portfolio. The objective of this scheme is to attain long-term capital appreciation along with liquidity by investing in a diversified basket of equity stocks across market capitalization. The scheme will follow a bottom-up approach to stock-picking and choose companies across sectors/styles. Large Cap Stocks – 1st -100th company in terms of full market capitalization, mid-cap - 101st to 250th company in terms of full market capitalization and small cap - 251st company onwards in terms of full market capitalization. The fund manager of SBI Magnum Multicap Fund is Mr. Anup Upadhyay. As on 31/05/2018, some of the top holdings of SBI Magnum Multicap Funds are HDFC Bank Limited, Infosys Ltd, ITC Ltd, ICICI Bank Limited, Kotak Mahindra Bank Ltd, etc.

Nippon India Multi Cap Fund (Formerly Reliance Multi Cap Fund)

Nippon India Multi Cap Fund (earlier known as Reliance Multi Cap Fund) was launched in the year 2005. The primary objective of the scheme is to generate long-term capital appreciation by investing in a portfolio constituted of equity & related securities. The fund also aims to generate consistent returns by investing a portion of the portfolio in debt and money market securities. As on Jun 30, 2018, some of the top holdings of the scheme are State Bank of India, The Indian Hotels Company Limited, Infosys Ltd, Axis Bank Ltd, HDFC Bank Ltd, etc. The current fund manager of Reliance/Nippon India Multi Cap Fund is Sailesh Raj Bhan.

SBI Magnum Multicap Fund Vs Nippon India Multi Cap Fund

Though these schemes belong to the same category, yet these schemes differ on various parameters. So, let us understand the parameters which are divided into four sections, namely, Basics Section, Performance Report, Yearly Performance Report, and Other Details Section.

Basics Section

This section compares the various elements such as Current NAV, Scheme Category, and Fincash Rating. To begin with the scheme category, it can be said that both the schemes SBI Magnum Multicap Fund and Reliance/Nippon India Multi Cap Fund belong to the same category Equity Multicap Fund. With respect to the next parameter, that is, Fincash Rating, it can be said that SBI Magnum Multicap Fund is rated as 4-Star and Nippon India Multi Cap Fund is rated as 2-Star. In case of Net Asset Value, SBI Magnum Multicap Fund's NAV as on 16th July 2018 is INR 46.1153, whereas the NAV of Reliance/Nippon India Multi Cap Fund is INR 86.6376. The table given below summarizes the details of 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 Multicap Fund
Growth
Fund Details
₹51.735 ↓ -0.12   (-0.23 %)
₹8,480 on 31 Dec 19
29 Sep 05
Equity
Multi Cap
9
Moderately High
2.31
0.65
-0.27
2.21
Not Available
0-6 Months (1%),6-12 Months (0.5%),12 Months and above(NIL)
Nippon India Multi Cap Fund
Growth
Fund Details
₹98.7224 ↓ -0.53   (-0.53 %)
₹10,343 on 31 Dec 19
28 Mar 05
Equity
Multi Cap
63
Moderately High
2.18
0.01
-0.29
-7.72
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance Section

The performance section compares the Compounded Annual Growth Rate or CAGR returns between both the schemes at different time periods. With respect to performance, it can be said there is not much difference in the performance of both the schemes. However, in many instances, SBI Magnum Multicap Fund leads the race. The performance of both the schemes at different time periods is shown below as follows.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
SBI Magnum Multicap Fund
Growth
Fund Details
1.4%
3.4%
7.6%
12.6%
12.2%
10.2%
0%
Nippon India Multi Cap Fund
Growth
Fund Details
1.3%
6.2%
3.7%
4.6%
11.5%
5.3%
16.7%

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Yearly Performance Section

This section deals with the absolute returns generated by both the funds in each year. In this case, we can see that there is a difference in the performance of both the schemes. In certain situations, Aditya Birla Sun Life Focused Equity Fund has performed better than SBI Magnum Multicap Fund. While in some situations, the other scheme has performed better. The yearly performance of both the funds is tabulated as follows.

Parameters
Yearly Performance2018
2017
2016
2015
2014
SBI Magnum Multicap Fund
Growth
Fund Details
11%
-5.5%
37%
5.8%
9.8%
Nippon India Multi Cap Fund
Growth
Fund Details
2.2%
-2.2%
40.9%
-6.7%
0.5%

Other Details Section

This is the last section in the comparison of both the funds. In this section, the parameters such as AUM, Minimum SIP and Lumpsum Investment, and Exit Load are compared. To begin with the minimum SIP investment, it can be said the monthly SIP amounts of both the schemes are different. In case of SBI Magnum Multicap Fund it is INR 500 while in case of Nippon India Multi Cap Fund it is INR 100. Also, in case of minimum lump sum investment, the amount isn't same. The minimum lump sum for SBI Magnum Multi Cap Fund is INR 1,000, while for Reliance Multi Cap Fund it is INR 5,000. The AUM of both the schemes are also different. As on 31st May, 2018, the AUM of SBI Magnum Multicap Fund was INR 5,338 crores while of Reliance/Nippon India Multi Cap Fund was INR 9,687 crores. The table given below summarizes the other details for both the schemes.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
SBI Magnum Multicap Fund
Growth
Fund Details
₹500
₹1,000
Anup Upadhyay - 2.24 Yr.
Nippon India Multi Cap Fund
Growth
Fund Details
₹100
₹5,000
Sailesh Raj Bhan - 14.76 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
SBI Magnum Multicap Fund
Growth
Fund Details
DateValue
31 Dec 14₹10,000
31 Dec 15₹10,981
31 Dec 16₹11,619
31 Dec 17₹15,917
31 Dec 18₹15,040
31 Dec 19₹16,689
Growth of 10,000 investment over the years.
Nippon India Multi Cap Fund
Growth
Fund Details
DateValue
31 Dec 14₹10,000
31 Dec 15₹10,051
31 Dec 16₹9,381
31 Dec 17₹13,214
31 Dec 18₹12,924
31 Dec 19₹13,209

Detailed Portfolio Comparison

Asset Allocation
SBI Magnum Multicap Fund
Growth
Fund Details
Asset ClassValue
Cash3.52%
Equity96.48%
Equity Sector Allocation
SectorValue
Financial Services35.04%
Basic Materials10.27%
Industrials9.46%
Consumer Cyclical9.38%
Technology7.82%
Consumer Defensive6.63%
Utility6.42%
Energy4.67%
Health Care3.33%
Communication Services2.49%
Real Estate0.37%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | HDFCBANK
9%₹749 Cr5,878,212
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 17 | ICICIBANK
7%₹564 Cr11,004,935
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Oct 19 | TCS
5%₹400 Cr1,947,000
↑ 1,597,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 13 | KOTAKBANK
4%₹359 Cr2,222,074
Treps
CBLO/Reverse Repo | -
4%₹349 Cr
Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 18 | 532215
4%₹322 Cr4,356,549
State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN
4%₹297 Cr8,693,600
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 19 | LT
3%₹254 Cr1,911,000
HCL Technologies Ltd (Technology)
Equity, Since 30 Apr 19 | HCLTECH
3%₹250 Cr2,219,800
↑ 108,000
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Jan 13 | MARUTI
3%₹245 Cr337,810
Asset Allocation
Nippon India Multi Cap Fund
Growth
Fund Details
Asset ClassValue
Cash0.54%
Equity99.21%
Other0.24%
Equity Sector Allocation
SectorValue
Financial Services30.6%
Consumer Cyclical21.44%
Industrials19.74%
Basic Materials6.82%
Consumer Defensive5.61%
Health Care4.63%
Energy4.5%
Technology4.16%
Communication Services1.71%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
State Bank of India (Financial Services)
Equity, Since 31 Mar 05 | SBIN
8%₹820 Cr24,000,000
↓ -1,998,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
6%₹666 Cr13,000,000
↓ -1,500,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 10 | HDFCBANK
6%₹612 Cr4,800,338
↓ -200,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 15 | 532215
5%₹554 Cr7,500,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 10 | LT
4%₹466 Cr3,500,000
Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 May 14 | 500850
4%₹433 Cr29,000,000
↓ -1,000,000
Infosys Ltd (Technology)
Equity, Since 30 Apr 09 | INFY
4%₹432 Cr6,200,694
↑ 51,000
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jan 18 | ITC
4%₹419 Cr17,000,672
↓ -500,000
Aditya Birla Fashion and Retail Ltd (Consumer Cyclical)
Equity, Since 31 Jan 16 | ABFRL
4%₹405 Cr17,978,647
↑ 100,000
Linde India Ltd (Basic Materials)
Equity, Since 31 May 13 | 523457
3%₹353 Cr5,423,127

Therefore, from the above pointers, it can be said that both the schemes exhibit different attributes with respect to different parameters. However, when it comes to investing, it is always advisable that people should go through the scheme’s modalities completely before doing the actual investment. Additionally, they should also check whether the scheme’s approach is in-line with your investment objective. To get further clarification, you can even consult a financial advisor. This will help you ensure that your investment is safe as well as it paves way for wealth creation.

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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