Fincash » SBI Magnum Multicap Fund Vs SBI Large and Midcap Fund
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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 ₹103.883 ↓ -1.10 (-1.05 %) ₹22,092 on 31 Dec 24 29 Sep 05 ☆☆☆☆ Equity Multi Cap 9 Moderately High 1.72 0.66 -0.9 -0.75 Not Available 0-6 Months (1%),6-12 Months (0.5%),12 Months and above(NIL) SBI Large and Midcap Fund
Growth
Fund Details ₹569.961 ↓ -7.22 (-1.25 %) ₹29,268 on 31 Dec 24 25 May 05 ☆☆☆☆ Equity Large & Mid Cap 20 Moderately High 1.74 1.01 -0.27 0.83 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 -1% -3.7% -3.7% 8.8% 10.3% 14.8% 0% SBI Large and Midcap Fund
Growth
Fund Details -1.1% -5.1% -3.1% 11% 15.3% 19% 17.6%
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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 2024 2023 2022 2021 2020 SBI Magnum Multicap Fund
Growth
Fund Details 14.2% 22.8% 0.7% 30.8% 13.6% SBI Large and Midcap Fund
Growth
Fund Details 18% 26.8% 7.3% 39.3% 15.8%
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 Anup Upadhyay - 0.17 Yr. SBI Large and Midcap Fund
Growth
Fund Details ₹500 ₹5,000 Saurabh Pant - 8.4 Yr.
SBI Magnum Multicap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Jan 20 ₹10,000 31 Jan 21 ₹11,237 31 Jan 22 ₹14,655 31 Jan 23 ₹14,427 31 Jan 24 ₹18,517 31 Jan 25 ₹20,187 SBI Large and Midcap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Jan 20 ₹10,000 31 Jan 21 ₹11,195 31 Jan 22 ₹15,575 31 Jan 23 ₹16,302 31 Jan 24 ₹21,507 31 Jan 25 ₹24,041
SBI Magnum Multicap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 6.39% Equity 93.47% Debt 0.13% Equity Sector Allocation
Sector Value Financial Services 25.1% Consumer Cyclical 16.41% Industrials 9.66% Basic Materials 9.01% Technology 7.47% Energy 6.8% Health Care 6.21% Communication Services 6.16% Consumer Defensive 4.63% Utility 2.03% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 17 | ICICIBANK7% ₹1,558 Cr 12,160,055
↑ 5,000,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 20 | RELIANCE4% ₹950 Cr 7,816,540 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 28 Feb 23 | KOTAKBANK4% ₹910 Cr 5,094,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | HDFCBANK4% ₹900 Cr 5,075,354 Infosys Ltd (Technology)
Equity, Since 31 Oct 20 | INFY3% ₹700 Cr 3,725,000 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 30 Jun 22 | M&M3% ₹653 Cr 2,170,000 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Mar 23 | SUNPHARMA3% ₹622 Cr 3,296,643
↑ 1,988,743 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 16 | BHARTIARTL3% ₹595 Cr 3,750,000 Cognizant Technology Solutions Corp Class A (Technology)
Equity, Since 31 Jan 24 | CTSH3% ₹593 Cr 900,000 Nuvoco Vista Corp Ltd (Basic Materials)
Equity, Since 31 Aug 21 | 5433342% ₹445 Cr 12,710,062 SBI Large and Midcap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 3.31% Equity 96.57% Debt 0.12% Equity Sector Allocation
Sector Value Financial Services 23.41% Basic Materials 13.12% Consumer Cyclical 12.15% Industrials 11.16% Health Care 10.75% Technology 10.47% Consumer Defensive 6.1% Communication Services 3.23% Energy 3.16% Utility 3.03% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 11 | HDFCBANK8% ₹2,333 Cr 13,157,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | ICICIBANK3% ₹948 Cr 7,400,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 20 | RELIANCE3% ₹924 Cr 7,600,000 Coforge Ltd (Technology)
Equity, Since 31 Aug 23 | COFORGE3% ₹889 Cr 920,000 State Bank of India (Financial Services)
Equity, Since 31 Jul 09 | SBIN3% ₹874 Cr 11,000,000 Abbott India Ltd (Healthcare)
Equity, Since 30 Sep 22 | ABBOTINDIA3% ₹818 Cr 274,878 HDFC Asset Management Co Ltd (Financial Services)
Equity, Since 31 Mar 23 | HDFCAMC3% ₹802 Cr 1,910,000 Infosys Ltd (Technology)
Equity, Since 30 Apr 18 | INFY2% ₹714 Cr 3,800,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 23 | KOTAKBANK2% ₹661 Cr 3,700,000 Alkem Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 22 | ALKEM2% ₹620 Cr 1,100,000
↑ 241,829
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.