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SBI Magnum Midcap Fund- Direct Plan-Growth: NAV, Returns
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SBI Magnum Midcap Fund-Direct Plan-Growth
To facilitate your mutual fund information process, we are covering the SBI Magnum Midcap Fund-Direct Plan-Growth scheme in this blog. We will present the insights of this program encompassing its financial features, prior performance if any, peers' performance, etc. what they have in this plan, and so on that may certainly assist you in knowing the scheme’s performance and attributes.
SBI Magnum Midcap Fund is available in two variants:
1. SBI Magnum Midcap Fund-Regular Plan-Growth
2. SBI Magnum Midcap Fund-Direct Plan-Growth
SBI Magnum Midcap Fund-Direct Plan-Growth: Complete Overview
Another mid-cap mutual fund by SBI Mutual Fund is SBI Magnum Mid Cap Direct Plan-Growth. It started on 01 January 2013 and has been operational for 11 years and 10 million. This fund is a medium-sized corpus in its category with an AUM of Rs.21,407 crores as of September 30, 2024. At 0.77%, the fund's expense ratio is greater than that of the majority of other mid-cap funds.
The last year's growth returns for the SBI Magnum Mid Cap Direct Plan have been 31.49%. It has generated average yearly returns of 20.70% since its start. Every four years, the amount invested in this fund doubles.
Click here to apply for the Mutual fund.
SBI Magnum Midcap Fund: Scheme Overview
Objective - By primarily investing in a well-diversified basket of equity stocks of midcap firms, the scheme seeks to give investors the liquidity of an open-ended scheme together with long-term capital growth potential.
Returns Performance- Over the past five years, this product has produced the highest return among mid-cap funds.
Chance- In 70% of cases, investors who have held this fund for at least five years have seen an annual return of 13.17%.
Return/Risk- Underperforming than its category.
Fund Manager(s)
Bhavin Vithlani.
|
VRO Rating |
3 |
|
Fund House |
SBI Mutual Fund |
|
Launch Date |
01 Jan 2013 |
|
Expense Ratio |
0.77% as on Sep 30, 2024 |
|
Exit Load |
1% if redeemed within 1 year |
|
AUM |
Rs.21,407 Cr |
|
Benchmark |
NIFTY Midcap 150 TRI |
|
Min. Investment |
Rs.5000 as Lumpsump and SIP Rs.500. |
|
Risk |
Very High |
|
1 Year Returns |
31.39% |
Portfolio Allocation
|
Portfolio |
Asset (%) |
|
Large Cap |
6.36% |
|
Mid Cap |
69.51% |
|
Small Cap |
18.63% |
|
Debt |
0.92% |
|
Other |
4.57% |
Top Stock Holdings
|
Company |
Holdings |
|
Crisil Ltd. |
4.09% |
|
Torrent Power Ltd. |
4% |
|
Sundaram Finance Ltd. |
3.34% |
|
Voltas Ltd. |
3.08% |
Top Sectors
|
Sectors |
Holdings |
|
Financial |
14.47% |
|
Services |
11.86% |
|
Healthcare |
11.29% |
|
Capital Goods |
8.88% |
Peers of SBI Magnum Midcap Fund
|
Midcap Funds |
1 Y Returns (%) |
Fund Size (Cr) (in Rs.) |
NAV (Rs/Unit) |
|
Edelweiss Mid Cap Fund |
50.43 |
7,677 |
112.73 |
|
Quant Mid Cap Fund |
54.95 |
795.85 |
248.01 |
Comparative Analysis of Peers
|
Particulars |
SBI Magnum Midcap Fund-Direct Plan-Growth |
Edelweiss Mid Cap Fund |
Quant Mid Cap Fund |
|
VRO Rating |
3 |
4 |
5 |
|
Fund Size |
Rs.21,407 Crs |
Rs.7,677 Crs |
Rs.8,941 Crs |
|
6 months Returns |
13.27% |
24.02% |
0.09% |
|
5-year Returns |
28.54% |
31.79% |
34.33% |
|
P/E Ratio |
41.28 |
39.41 |
35.68 |
|
P/B Ratio |
6.13 |
5.82 |
3.55 |
|
Turn Over Ratio |
25 |
46 |
NA |
|
Expense Ratio |
0.77% |
0.36% |
0.58% |
|
Exit Load |
1% |
1% |
0.5% |
|
Equity |
94.5% |
97.11% |
91.88% |
|
Debt |
0.92% |
2.96% |
2.23% |
|
Benchmark Index |
Nifty Midcap 150 TRI |
Nifty Midcap 150 TRI |
Nifty Midcap 150 TRI |
|
Min. Investment |
SIP Rs.500, Lumpsum Rs.5000 |
SIP Rs.500, Lumpsum Rs.5000 |
SIP Rs.1000, Lumpsum Rs.5000 |
|
Investment Horizon |
Good for Long Term |
Good for Long Term |
Good for Long Term |
|
Fund Managers |
Bhavin Vithlani Mr. Pradeep Kesavan |
Trideep Bhattacharya Raj Koradia Dhruv Bhatia |
Sanjeev Sharma Ankit A Pande Vasav Sahgal |
Conclusion:
The SBI Magnum Midcap Fund-Direct Plan-Growth appears to be a well-rounded mid-cap mutual fund so far as returns are concerned, having generated an impressive annual growth rate of 20.70% since its inception back in 2013. Though it has generated a stunning return of 31.49% over the last year, the expense ratio remains a notch above that of quite a few of its peers.
The portfolio is very much positioned in mid-cap stocks with a diversified sector play, and thereby holds great growth potential but at a higher risk. Compared with peers like Edelweiss and Quant Mid Cap Funds, SBI Magnum has a huge fund size and rewarding returns but lags in expense ratio and turnover. It is most appropriate for the long-term investor in search of mid-cap equities in their portfolio but with the tolerance to weather market fluctuations.
Disclaimer: This blog is provided solely for informative reasons and it is not an investment advice or suggestion. No buy or sell recommendation. Past performance is not a guarantee of future returns. Always conduct research and talk with a financial advisor before investing.
Frequently Asked Questions
NAV is Rs.263.37 as of 12 November 2024.
The minimum investment for this Fund is Rs.5000 as lumpsum and Rs.500 as SIP
Rs.21,407 Cr.
