Mutual Fund Comparison: SBI Funds: Long Term Equity vs Magnum Comma Fund

SBI Mutual Fund‘s SBI Long Term Equity Fund is designed for long-term capital appreciation with the added benefit of tax savings under Section 80C. It has a diversified portfolio across large, mid, and small-cap stocks and is suitable for investors looking for tax-efficient investment options with a mandatory 3-year lock-in period.

SBI Magnum COMMA Fund focuses on the commodities sector, offering potential high returns but with higher risk due to its concentrated bets in specific sectors like refineries, metals, and energy. It is suitable for investors with advanced knowledge of macro trends who are willing to accept moderate to high volatility for potentially higher returns.


Fund Description
SBI Long Term Equity Fund An open-ended Equity Linked Saving Scheme (ELSS) with a statutory lock-in period of 3 years, offering tax benefits under 80C.
SBI Magnum COMMA Fund A sectoral/thematic fund focused on commodities, offering potential high returns with a high risk due to concentrated bets.

Fund Details

Characteristic SBI Long Term Equity Fund SBI Magnum COMMA Fund
Risk Level Very High Very High
AUM (as of May 31, 2024) ₹23,892.75 Cr ₹596.51 Cr
Expense Ratio 1.62% 2.53%
Inception Date March 31, 1993 August 8, 2005
Benchmark S&P BSE 500 TRI, S&P BSE Sensex TRI Nifty Commodities TRI
Investment Objective Long-term capital appreciation and tax planning Higher returns through investments in commodities

Performance Comparison

Metric SBI Long Term Equity Fund SBI Magnum COMMA Fund
1 Year Return 60.35% 52.38%
3 Year Return 107.17% 54.12%
5 Year Return 175.25% 169.75%
10 Year Return 359.05% 303.51%
Since Inception Return 3898.65% 891.83%

Portfolio Composition

Composition SBI Long Term Equity Fund SBI Magnum COMMA Fund
Equity 91.99% 95.33%
Debt 0% 0%
Others 8.01% 4.67%
Large Cap Stocks 52.94% 43.84%
Mid Cap Stocks 12.74% 7.85%
Small Cap Stocks 12.34% 22.92%
Number of Stocks 65 23

Risk and Volatility

Metric SBI Long Term Equity Fund SBI Magnum COMMA Fund
Standard Deviation 11.52 15.38
Beta 0.92 0.88
Sharpe Ratio 1.68 0.72
Treynor’s Ratio 0.21 0.13
Jensen’s Alpha 7.56 -3.97


Suitable For SBI Long Term Equity Fund SBI Magnum COMMA Fund
Investors seeking tax benefits Investors seeking long-term capital appreciation and tax benefits Investors with advanced knowledge of macro trends and willing to take selective bets for higher returns

Both funds cater to different investment needs and risk appetites, making them suitable for different types of investors. The Long Term Equity Fund is ideal for those looking for tax savings and diversified equity exposure, while the COMMA Fund is better suited for those looking to capitalize on specific sectoral trends within the commodities market.


Disclaimer: The information provided in this article is for educational and informational purposes only. It should not be considered investment advice or a recommendation to invest in any particular mutual fund or asset class. Past performance does not indicate future results, and investors should research and consult with a financial advisor before making investment decisions. Investing in mutual funds involves risks, including the possible loss of principal invested.

Note: Data as on June 15, 2024