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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 November 29, 2022 , 1567 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
₹78.6467 ↑ 0.35   (0.45 %)
₹16,495 on 31 Oct 22
29 Sep 05
Equity
Multi Cap
9
Moderately High
1.83
-0.18
-0.8
-2.98
Not Available
0-6 Months (1%),6-12 Months (0.5%),12 Months and above(NIL)
Nippon India Multi Cap Fund
Growth
Fund Details
₹171.048 ↑ 0.63   (0.37 %)
₹14,025 on 31 Oct 22
28 Mar 05
Equity
Multi Cap
63
Moderately High
1.91
0.67
0
0
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
0.8%
3.6%
9.8%
5.4%
15.7%
11%
0%
Nippon India Multi Cap Fund
Growth
Fund Details
1.8%
6.1%
19%
18.3%
20.6%
12.8%
17.4%

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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 Performance2021
2020
2019
2018
2017
SBI Magnum Multicap Fund
Growth
Fund Details
30.8%
13.6%
11%
-5.5%
37%
Nippon India Multi Cap Fund
Growth
Fund Details
48.9%
0%
2.2%
-2.2%
40.9%

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
R. Srinivasan - 0.83 Yr.
Nippon India Multi Cap Fund
Growth
Fund Details
₹100
₹5,000
Sailesh Raj Bhan - 17.6 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
SBI Magnum Multicap Fund
Growth
Fund Details
DateValue
30 Nov 17₹10,000
30 Nov 18₹9,624
30 Nov 19₹10,758
30 Nov 20₹11,504
30 Nov 21₹15,773
30 Nov 22₹16,599
Growth of 10,000 investment over the years.
Nippon India Multi Cap Fund
Growth
Fund Details
DateValue
30 Nov 17₹10,000
30 Nov 18₹9,829
30 Nov 19₹10,265
30 Nov 20₹9,570
30 Nov 21₹15,059
30 Nov 22₹17,949

Detailed Portfolio Comparison

Asset Allocation
SBI Magnum Multicap Fund
Growth
Fund Details
Asset ClassValue
Cash2.37%
Equity97.63%
Equity Sector Allocation
SectorValue
Financial Services27.96%
Consumer Cyclical16.7%
Industrials9.89%
Technology7.14%
Basic Materials7.03%
Consumer Defensive6.87%
Energy6.84%
Health Care5.91%
Communication Services5.87%
Utility3.41%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 17 | ICICIBANK
8%₹1,284 Cr14,892,000
↓ -1,000,000
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 14 | ITC
6%₹917 Cr27,590,000
State Bank of India (Financial Services)
Equity, Since 31 Dec 20 | SBIN
5%₹846 Cr15,943,656
↓ -456,344
Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 18 | 532215
5%₹800 Cr10,904,706
↑ 4,404,706
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | HDFCBANK
5%₹784 Cr5,517,500
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 20 | RELIANCE
4%₹672 Cr2,828,270
Infosys Ltd (Technology)
Equity, Since 31 Oct 20 | INFY
4%₹625 Cr4,420,000
↑ 800,000
Alphabet Inc Class A (Communication Services)
Equity, Since 31 Jul 21 | GOOGL
3%₹397 Cr500,000
Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Aug 18 | 500850
2%₹395 Cr11,900,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 19 | LT
2%₹388 Cr2,100,000
Asset Allocation
Nippon India Multi Cap Fund
Growth
Fund Details
Asset ClassValue
Cash2.41%
Equity97.59%
Equity Sector Allocation
SectorValue
Financial Services25.44%
Industrials22.37%
Consumer Cyclical21.59%
Health Care7.42%
Technology6.88%
Basic Materials5.47%
Consumer Defensive3.22%
Communication Services2.91%
Energy1.76%
Real Estate0.19%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Linde India Ltd (Basic Materials)
Equity, Since 31 May 13 | 523457
4%₹589 Cr1,777,689
↓ -25,921
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 10 | HDFCBANK
4%₹569 Cr4,000,448
Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 May 14 | 500850
4%₹564 Cr17,000,000
↓ -1,000,000
Kennametal India Ltd (Industrials)
Equity, Since 31 Mar 13 | KENNAMET
4%₹546 Cr2,032,159
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 10 | LT
4%₹517 Cr2,800,000
EIH Ltd (Consumer Cyclical)
Equity, Since 31 Jul 14 | 500840
3%₹445 Cr23,753,076
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
3%₹440 Cr5,100,000
↓ -200,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 15 | 532215
3%₹411 Cr5,600,121
↑ 200,000
Shoppers Stop Ltd (Consumer Cyclical)
Equity, Since 31 Jul 09 | 532638
3%₹393 Cr5,246,820
↓ -164,168
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 21 | HDFC
3%₹389 Cr1,700,000

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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