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Fincash » SBI Magnum Multicap Fund Vs SBI Large and Midcap Fund

SBI Magnum Multicap Fund Vs SBI Large and Midcap Fund

Updated on November 17, 2019 , 1116 views

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

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 (Erstwhile SBI Magnum Multiplier Fund)

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.

SBI Magnum Multicap Fund Vs SBI Large and Midcap Fund

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.

Basics Section

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
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
₹50.9417 ↑ 0.06   (0.12 %)
₹8,334 on 31 Oct 19
29 Sep 05
Equity
Multi Cap
9
Moderately High
2.31
1.05
-0.21
4.71
Not Available
0-6 Months (1%),6-12 Months (0.5%),12 Months and above(NIL)
SBI Large and Midcap Fund
Growth
Fund Details
₹227.013 ↑ 1.23   (0.55 %)
₹2,753 on 31 Oct 19
25 May 05
Equity
Large & Mid Cap
20
Moderately High
2.32
0.57
-0.31
1.88
Not Available
0-12 Months (1%),12 Months and above(NIL)

Performance Section

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
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
SBI Magnum Multicap Fund
Growth
Fund Details
1.4%
7.6%
7.1%
13.5%
12.9%
11.4%
0%
SBI Large and Midcap Fund
Growth
Fund Details
3.7%
9.3%
6.7%
8.9%
12.1%
9.8%
17%

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Yearly Performance Section

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 Performance2018
2017
2016
2015
2014
SBI Magnum Multicap Fund
Growth
Fund Details
-5.5%
37%
5.8%
9.8%
56%
SBI Large and Midcap Fund
Growth
Fund Details
-5.3%
40.5%
0.4%
11.1%
48.3%

Other Details Section

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 DetailsMin SIP Investment
Min Investment
Fund Manager
SBI Magnum Multicap Fund
Growth
Fund Details
₹500
₹1,000
Anup Upadhyay - 2.24 Yr.
SBI Large and Midcap Fund
Growth
Fund Details
₹500
₹5,000
Saurabh Pant - 2.64 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 Oct 14₹10,000
31 Oct 15₹11,359
31 Oct 16₹13,349
31 Oct 17₹16,217
31 Oct 18₹15,022
31 Oct 19₹17,587
Growth of 10,000 investment over the years.
SBI Large and Midcap Fund
Growth
Fund Details
DateValue
31 Oct 14₹10,000
31 Oct 15₹11,276
31 Oct 16₹12,859
31 Oct 17₹15,281
31 Oct 18₹14,690
31 Oct 19₹16,207

Detailed Assets & Holdings Comparison

Asset Allocation
SBI Magnum Multicap Fund
Growth
Fund Details
Asset ClassValue
Cash2.41%
Equity97.59%
Equity Sector Allocation
SectorValue
Financial Services33.3%
Industrials11.15%
Basic Materials10.2%
Consumer Cyclical9.63%
Technology9.09%
Consumer Defensive6.4%
Utility6.36%
Energy4.76%
Health Care3.45%
Communication Services1.91%
Real Estate0.77%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | HDFCBANK
9%₹722 Cr5,878,212
Infosys Ltd (Technology)
Equity, Since 31 Jan 18 | INFY
7%₹559 Cr6,943,712
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 17 | ICICIBANK
6%₹477 Cr11,004,935
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 13 | KOTAKBANK
5%₹365 Cr2,222,074
↑ 308,600
Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 18 | 532215
4%₹298 Cr4,356,549
↑ 677,700
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 19 | LT
3%₹282 Cr1,911,000
Gujarat State Petronet Ltd (Utilities)
Equity, Since 30 Nov 17 | 532702
3%₹241 Cr11,107,079
State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN
3%₹235 Cr8,693,600
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Jan 13 | MARUTI
3%₹227 Cr337,810
Bharat Petroleum Corp Ltd (Energy)
Equity, Since 30 Apr 18 | 500547
3%₹224 Cr4,758,957
Asset Allocation
SBI Large and Midcap Fund
Growth
Fund Details
Asset ClassValue
Cash0.5%
Equity99.5%
Equity Sector Allocation
SectorValue
Financial Services32.54%
Consumer Cyclical20.39%
Industrials12.44%
Basic Materials10.79%
Technology5.4%
Health Care4.16%
Consumer Defensive4.13%
Energy3.5%
Utility3.29%
Communication Services2.81%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 532215
6%₹157 Cr2,295,000
↑ 795,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | ICICIBANK
6%₹152 Cr3,500,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 11 | HDFCBANK
6%₹147 Cr1,200,000
Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 30 Jun 18 | 500850
4%₹104 Cr6,500,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 18 | LT
4%₹96 Cr650,000
State Bank of India (Financial Services)
Equity, Since 31 Jul 09 | SBIN
4%₹95 Cr3,500,000
PI Industries Ltd (Basic Materials)
Equity, Since 30 Sep 18 | PIIND
3%₹82 Cr626,555
Infosys Ltd (Technology)
Equity, Since 30 Apr 18 | INFY
3%₹81 Cr1,000,000
Jubilant Foodworks Ltd (Consumer Cyclical)
Equity, Since 31 Oct 16 | JUBLFOOD
3%₹78 Cr574,177
JK Cement Ltd (Basic Materials)
Equity, Since 31 Dec 18 | JKCEMENT
3%₹74 Cr705,472

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.

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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