Fincash » SBI Magnum Multicap Fund Vs SBI Large and Midcap Fund
Table of Contents
SBI Magnum Multicap Fund and SBI Large and Midcap Fund both the schemes are offered by the same fund house. Moreover, both the schemes also belong to the same category of diversified Equity Funds. In simple terms, Diversified Funds are the Mutual Fund schemes that invest the monies in equity and equity-related instruments across all Market capitalizations. In other words, these schemes invest their corpus in stocks of large-cap, mid-cap, and small cap categories. Generally, the schemes invest around 40-60% of their fund money in large-cap companies, 10-40% in mid-cap companies and the remaining in small-cap companies. Diversified funds follow a value or growth Investing approach wherein; they invest in companies having lower stock prices in comparison to their valuations and revenue generating capacity. So, let us understand the differences between SBI Magnum Multicap Fund and SBI Large and Midcap Fund through this article.
SBI Magnum Multicap Fund is managed and offered by SBI Mutual Fund under the diversified category. The investment objective of SBI Magnum Multicap Fund is to attain Capital growth in the long term by investing the pooled money in equity and equity-related instruments of companies across different market capitalization. The scheme was incepted on September 29, 2005, and its benchmark index is S&P BSE 500 Index. Based on the Asset Allocation of the schemes, it invests around 80-100% of its money in equity and equity-related instruments while the remaining in foreign securities, fixed Income, and money market instruments. SBI Magnum Multicap Fund is solely managed by Mr. Anup Upadhyay. HDFC Bank Limited, Infosys Limited, Kotak Mahindra Bank Limited, and Maruti Suzuki India Limited are some of the constituents that form part of SBI Magnum Multicap Fund’s Portfolio as of March 31, 2018.
SBI Large and Midcap Fund (earlier known as SBI Magnum Multiplier Fund) is also a part of SBI Mutual Fund. This scheme is suitable for investors looking for capital appreciation and having a long-term tenure of investment. SBI Large and Midcap Fund was launched on February 28, 1993. The scheme uses S&P BSE 200 Index as its base to build its basket of assets. Mr. Saurabh Pant is the sole fund manager of SBI Large and Midcap Fund. The scheme targets to invest in high growth companies to accomplish its objectives. As on March 31, 2018, some of the stocks that were part of SBI Large and Midcap Fund’s portfolio included Bharti Airtel Limited, Mahindra & Mahindra Financial Services Limited, Jubilant Foodworks Limited, and Tech Mahindra Limited.
Though both SBI Magnum Multicap Fund and SBI Large and Midcap Fund form part of SBI Mutual Fund nevertheless; there are numerous differences between them. So, let us understand the differences between both the schemes by analyzing these parameters that are divided into four section, explained as follows.
Being the first section in the comparison, some of the parameters that form part of the basics section includes scheme category, Fincash Rating, and current NAV. With respect to the scheme category, it can be said that both the schemes belong to the same category of Equity Diversified. The comparison of Fincash Rating shows that both the schemes are rated as 4-Star schemes. However, there are differences in the NAV of both the schemes. As on April 30, 2018, the NAV of SBI Magnum Multicap Fund was approximately INR 48 while of SBI Large and Midcap Fund was approximately INR 219. The comparison of the basics section is as follows.
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 Multicap Fund
Growth
Fund Details ₹73.7565 ↑ 0.94 (1.30 %) ₹15,603 on 28 Feb 23 29 Sep 05 ☆☆☆☆ Equity Multi Cap 9 Moderately High 1.83 -0.31 -0.9 -3.21 Not Available 0-6 Months (1%),6-12 Months (0.5%),12 Months and above(NIL) SBI Large and Midcap Fund
Growth
Fund Details ₹384.416 ↑ 4.36 (1.15 %) ₹9,441 on 28 Feb 23 25 May 05 ☆☆☆☆ Equity Large & Mid Cap 20 Moderately High 2.1 0.33 -0.16 4.32 Not Available 0-12 Months (1%),12 Months and above(NIL)
Being the second section, it analyzes the differences in the Compounded Annual Growth Rate or CAGR returns of both the schemes. The CAGR returns are compared at various time intervals such as 1 Month Return, 6 Month Return, 3 Year Return, and Return since inception. The analysis of performance section reveals that there is not much difference between the CAGR returns generated by both the schemes. In certain instances, SBI Magnum Multicap Fund has done better while in others SBI Large and Midcap Fund has performed well. The table given below shows the comparison of the performance section.
Parameters Performance 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since launch SBI Magnum Multicap Fund
Growth
Fund Details 0.3% -3.5% -1% -3.2% 25.8% 9.9% 0% SBI Large and Midcap Fund
Growth
Fund Details 0.3% -2.7% -0.8% 5% 32.8% 13.1% 17%
Talk to our investment specialist
Yearly Performance section compares the differences in the absolute returns generated by both the schemes for a particular year. It is the third section in the comparison of the schemes. The comparison of absolute returns also states that in certain years, SBI Magnum Multicap Fund leads the race, while in others, SBI Large and Midcap Fund leads the race. The comparison of the yearly performance section is as follows.
Parameters Yearly Performance 2022 2021 2020 2019 2018 SBI Magnum Multicap Fund
Growth
Fund Details 0.7% 30.8% 13.6% 11% -5.5% SBI Large and Midcap Fund
Growth
Fund Details 7.3% 39.3% 15.8% 6.8% -5.3%
Being the last section in the comparison, it includes comparable elements such as AUM, minimum SIP investment, minimum lumpsum investment, and exit load. Both the schemes differ considerably on account of AUM. As on March 31, 2018, the AUM of SBI Magnum Multicap Fund was around INR 4,704 Crores while of SBI Large and Midcap Fund was around INR 2,157 Crores. The minimum SIP amount is same in case of both the schemes, that is, INR 500. However, the minimum lumpsum amount is different for both the schemes. In case of SBI Magnum Multicap Fund the lumpsum amount is INR 1,000 and for SBI Large and Midcap Fund it is INR 5,000. Even the exit load for both the schemes differ. In case of SBI Magnum Multicap Fund, if the Redemption is done within six months of purchase, the exit load is levied at 1%. However, if the redemption is done between 6-12 months, then the exit load is levied at 0.5%. In case of redemptions after 12 months, no exit load is levied. However, in case of SBI Large and Midcap Fund, the exit load is levied at 1% if the redemption is done within 12 months from the date of purchase and after that, there is no exit load. The summary of the other details section is as follows.
Parameters Other Details Min SIP Investment Min Investment Fund Manager SBI Magnum Multicap Fund
Growth
Fund Details ₹500 ₹1,000 R. Srinivasan - 1.16 Yr. SBI Large and Midcap Fund
Growth
Fund Details ₹500 ₹5,000 Saurabh Pant - 6.47 Yr.
SBI Magnum Multicap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Mar 18 ₹10,000 31 Mar 19 ₹10,591 31 Mar 20 ₹8,059 31 Mar 21 ₹13,663 31 Mar 22 ₹16,577 SBI Large and Midcap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Mar 18 ₹10,000 31 Mar 19 ₹10,683 31 Mar 20 ₹7,895 31 Mar 21 ₹13,854 31 Mar 22 ₹17,596
SBI Magnum Multicap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 4.77% Equity 95.23% Equity Sector Allocation
Sector Value Financial Services 27.93% Consumer Cyclical 14.19% Industrials 11.1% Technology 7.63% Consumer Defensive 7.23% Basic Materials 6.95% Energy 6.14% Health Care 5.21% Communication Services 5.19% Utility 3.67% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 17 | ICICIBANK8% ₹1,181 Cr 13,815,055 ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 14 | ITC6% ₹985 Cr 26,140,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | HDFCBANK6% ₹975 Cr 6,095,354 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 20 | RELIANCE4% ₹613 Cr 2,638,270 Infosys Ltd (Technology)
Equity, Since 31 Oct 20 | INFY4% ₹607 Cr 4,080,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 18 | 5322154% ₹592 Cr 7,015,706
↓ -1,700,000 State Bank of India (Financial Services)
Equity, Since 31 Dec 20 | SBIN3% ₹446 Cr 8,538,901
↓ -3,500,000 Bank of Baroda (Financial Services)
Equity, Since 31 Dec 22 | 5321342% ₹373 Cr 23,455,000 Alphabet Inc Class A (Communication Services)
Equity, Since 31 Jul 21 | GOOGL2% ₹372 Cr 500,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 19 | LT2% ₹363 Cr 1,720,000 SBI Large and Midcap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 7.31% Equity 92.69% Equity Sector Allocation
Sector Value Financial Services 22.17% Consumer Cyclical 18.76% Industrials 13.44% Health Care 9.72% Consumer Defensive 8.8% Basic Materials 8.49% Technology 4.85% Energy 3.57% Communication Services 1.89% Utility 1.02% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | ICICIBANK6% ₹547 Cr 6,400,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 11 | HDFCBANK5% ₹454 Cr 2,840,000 Infosys Ltd (Technology)
Equity, Since 30 Apr 18 | INFY4% ₹378 Cr 2,540,000 ITC Ltd (Consumer Defensive)
Equity, Since 31 Jan 21 | ITC3% ₹313 Cr 8,300,000
↑ 1,800,000 State Bank of India (Financial Services)
Equity, Since 31 Jul 09 | SBIN3% ₹293 Cr 5,600,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 22 | 5322153% ₹287 Cr 3,397,319 Page Industries Ltd (Consumer Cyclical)
Equity, Since 31 Jan 20 | 5328273% ₹274 Cr 72,230 Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 30 Jun 18 | 5008503% ₹256 Cr 8,222,222 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 20 | RELIANCE3% ₹255 Cr 1,100,000 ACC Ltd (Basic Materials)
Equity, Since 31 Oct 22 | 5004102% ₹222 Cr 1,280,000
↑ 418,539
Therefore, from the above pointers, it can be said that both the schemes differ on numerous accounts. As a result, individuals must be careful while investing in any of the schemes. They should understand the scheme’s modalities completely and check whether it matches their investment objective or not. If required, individuals can also consult the opinion of a financial consultant. This will help them to attain their objectives within the stipulated time frame.