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Home >> Blog >> SBI Magnum Midcap Fund- Direct Plan-Growth: NAV, Returns

SBI Magnum Midcap Fund- Direct Plan-Growth: NAV, Returns

  


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

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Rs.21,407 Cr.



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