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Fincash » SBI Magnum Multicap Vs DSP BlackRock Equity Opportunities Fund

SBI Magnum Multicap Fund Vs DSP BlackRock Equity Opportunities Fund

Updated on February 16, 2024 , 1248 views

There are number of differences between SBI Magnum Multicap Fund and DSP BlackRock Equity Opportunities Fund. These differences exist in-spite of both the schemes belonging to the same category of diversified Equity Funds. Diversified Funds follow a Value investing strategy wherein; they invest in stocks of companies that are undervalued against their growth and cash flow potentials, historical values, and dividend yields. Diversified schemes invest their corpus money in shares of companies having different Market capitalization. So, let us understand the differences between SBI Magnum Multicap Fund and DSP BlackRock Equity Opportunities Fund by comparing various parameters such as performance, AUM, current NAV, and others that are explained in this article.

SBI Magnum Multicap Fund

SBI Mutual Fund manages and offers SBI Magnum Multicap Fund under the diversified category of equity funds. SBI Magnum Multicap Fund uses S&P BSE 500 Index as its benchmark for constructing its Portfolio. This open-ended diversified scheme was launched in the month of September 2005. SBI Magnum Multicap Fund included HDFC Bank Limited, Indian Oil Corporation Limited, ITC Limited, Kotak Mahindra Bank Limited, and Maruti Suzuki India Limited are some of the constituents that form part of the top 10 holdings of SBI Magnum Multicap Fund’s portfolio as on March 31, 2018. Mr. Anup Upadhyay is the sole fund manager managing the SBI Magnum Multicap Fund. This scheme is suitable for individuals looking for Capital growth and having a long-tenure of investment.

DSP BlackRock Equity Opportunities Fund (Erstwhile DSP BlackRock Opportunities Fund)

The investment objective of DSP BlackRock Equity Opportunities Fund (earlier DSP BlackRock Opportunities Fund) is to achieve capital growth in the long-term tenure. The scheme tries to attain its objective from a portfolio primarily consisting of large-cap and mid-cap stocks. Mr. Rohit Singhania and Mr. Jay Kothari jointly manage DSP BlackRock Equity Opportunities Fund. The scheme was incepted on May 16, 2000. HDFC Bank Limited, ICICI Bank Limited, State Bank of India, Tata Steel Limited, and HCL Technologies Limited, are the top five holdings of DSP BlackRock Equity Opportunities Fund’s portfolio as of March 31, 2018. DSP BlackRock Equity Opportunities Fund is offered and managed by DSP BlackRock Mutual Fund. As per the Asset Allocation objective of the scheme, it invests 35% of its pooled money in stocks of large-cap and mid-cap companies respectively. DSP BlackRock Equity Opportunities Fund uses Nifty 500 TRI Index as its benchmark to construct its portfolio.

SBI Magnum Multicap Fund Vs DSP BlackRock Equity Opportunities Fund

Though SBI Magnum Multicap Fund and DSP BlackRock Equity Opportunities Fund belong to the same category of diversified funds, yet; they are differences between them on account of numerous parameters. So, let’s understand the differences between these schemes by comparing these parameters that are divided into four sections, explained below as follows.

Basics Section

Basics section is the first section in the comparison of the schemes. Current NAV, Fincash Rating, and scheme category are some of the parameters that form part of this section. To begin with Fincash Rating it can be said that DSP BlackRock Equity Opportunities Fund is rated as 5-Star, as against SBI Magnum Multicap Fund which is rated as 4-Star. The comparison of scheme category, states that both the schemes are part of Equity Diversified category. The analysis of current NAV also shows a difference between the schemes. As on April 25, 2018, the NAV of DSP BlackRock Equity Opportunities Fund, is approximately INR 218 while of SBI Magnum Multicap Fund is around INR 47. The comparison summary of the basics section is tabulated 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
₹95.5346 ↑ 0.60   (0.63 %)
₹19,690 on 31 Dec 23
29 Sep 05
Equity
Multi Cap
9
Moderately High
1.75
1.32
-0.81
0.15
Not Available
0-6 Months (1%),6-12 Months (0.5%),12 Months and above(NIL)
DSP BlackRock Equity Opportunities Fund
Growth
Fund Details
₹508.232 ↑ 3.65   (0.72 %)
₹10,387 on 31 Dec 23
16 May 00
Equity
Large & Mid Cap
4
Moderately High
1.88
1.74
-0.43
1.34
Not Available
0-12 Months (1%),12 Months and above(NIL)

Performance Section

The comparison of Compounded Annual Growth Rate or CAGR returns at different time periods is done in the performance section. It is the second section in the comparison of the schemes. The comparison of performance section states that for certain time period SBI Magnum Multicap Fund has performed better while in others, DSP BlackRock Equity Opportunities Fund has done better. The comparison summary of the performance section is as shown in the table given below.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
SBI Magnum Multicap Fund
Growth
Fund Details
-0.1%
10.8%
13.8%
25.9%
13.8%
16.7%
0%
DSP BlackRock Equity Opportunities Fund
Growth
Fund Details
3.4%
15.7%
22.8%
39.5%
19.3%
20.6%
18%

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Yearly Performance Section

Being the third section in the comparison, it analyzes the changes in the absolute returns generated by both the schemes for a particular year. The comparison of yearly performance section also reveals that for certain years SBI Magnum Multicap Fund leads the race while in others DSP BlackRock Equity Opportunities Fund leads the race. The comparison summary of the performance section is tabulated as follows.

Parameters
Yearly Performance2023
2022
2021
2020
2019
SBI Magnum Multicap Fund
Growth
Fund Details
22.8%
0.7%
30.8%
13.6%
11%
DSP BlackRock Equity Opportunities Fund
Growth
Fund Details
32.5%
4.4%
31.2%
14.2%
11.4%

Other Details Section

It is the last section in the comparison whose elements are AUM, minimum SIP and lumpsum investment, and exit load. The comparison of AUM shows a difference between both the schemes. As on March 31, 2018, the AUM of SBI Mutual Fund’s scheme was around INR 5,069 Crores and of DSP BlackRock Mutual Fund’s scheme was nearly INR 4,704 Crores. The SIP and lumpsum amount for both the schemes are same. The minimum SIP amount for both the schemes is INR 500 while the lumpsum amount is INR 1,000. Also, the exit load for both the schemes is different. The table given below shows the comparison summary of the other details section.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
SBI Magnum Multicap Fund
Growth
Fund Details
₹500
₹1,000
R. Srinivasan - 2.08 Yr.
DSP BlackRock Equity Opportunities Fund
Growth
Fund Details
₹500
₹1,000
Rohit Singhania - 8.68 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 Jan 19₹10,000
31 Jan 20₹11,427
31 Jan 21₹12,840
31 Jan 22₹16,747
31 Jan 23₹16,486
31 Jan 24₹21,160
Growth of 10,000 investment over the years.
DSP BlackRock Equity Opportunities Fund
Growth
Fund Details
DateValue
31 Jan 19₹10,000
31 Jan 20₹11,696
31 Jan 21₹13,117
31 Jan 22₹17,331
31 Jan 23₹17,637
31 Jan 24₹24,134

Detailed Assets & Holdings Comparison

Asset Allocation
SBI Magnum Multicap Fund
Growth
Fund Details
Asset ClassValue
Cash1.2%
Equity98.8%
Equity Sector Allocation
SectorValue
Financial Services31.13%
Consumer Cyclical15.46%
Industrials11.61%
Consumer Defensive7.07%
Technology6.83%
Communication Services6.4%
Basic Materials6.21%
Energy5.82%
Health Care5.62%
Utility2.64%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 17 | ICICIBANK
8%₹1,506 Cr15,110,055
Infosys Ltd (Technology)
Equity, Since 31 Oct 20 | INFY
6%₹1,105 Cr7,160,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | HDFCBANK
5%₹1,042 Cr6,095,354
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 28 Feb 23 | KOTAKBANK
5%₹890 Cr4,664,000
↑ 350,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 20 | RELIANCE
4%₹885 Cr3,423,270
↑ 750,000
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 14 | ITC
4%₹716 Cr15,500,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 19 | LT
3%₹595 Cr1,687,034
Alphabet Inc Class A (Communication Services)
Equity, Since 31 Jul 21 | ABEA
3%₹581 Cr500,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 16 | BHARTIARTL
3%₹521 Cr5,050,000
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Oct 22 | BAJFINANCE
3%₹495 Cr676,034
↓ -200,000
Asset Allocation
DSP BlackRock Equity Opportunities Fund
Growth
Fund Details
Asset ClassValue
Cash3.48%
Equity96.52%
Equity Sector Allocation
SectorValue
Financial Services33.99%
Consumer Cyclical12.99%
Basic Materials11.96%
Health Care8.85%
Technology6.25%
Industrials5.89%
Utility5.12%
Consumer Defensive4.43%
Energy4.09%
Real Estate1.67%
Communication Services1.22%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK
6%₹633 Cr6,355,407
↑ 904,264
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK
5%₹513 Cr3,001,816
Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 20 | AXISBANK
4%₹379 Cr3,439,483
↓ -131,410
Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Nov 22 | PFC
3%₹329 Cr8,603,319
↓ -478,178
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
3%₹314 Cr4,893,226
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 30 Nov 21 | M&M
3%₹293 Cr1,695,168
Hindustan Petroleum Corp Ltd (Energy)
Equity, Since 30 Jun 22 | HINDPETRO
3%₹276 Cr6,913,677
↑ 950,376
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 30 Nov 22 | TATAMOTORS
2%₹239 Cr3,063,154
↓ -155,794
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Nov 22 | HINDUNILVR
2%₹220 Cr827,028
NTPC Ltd (Utilities)
Equity, Since 31 Mar 19 | NTPC
2%₹210 Cr6,750,953
↓ -842,027

Therefore, it can be concluded from the above pointers, that both the schemes differ on account of various parameters. As a consequence, individuals should check the scheme details completely before Investing in it. They should see whether the scheme matches their investment details or not. This will help them to attain their objectives on time and in a hassle-free manner.

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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