The SBI Large & Midcap Fund, alloted on February 28, 1993 aims for long-term capital appreciation by investing in a diversified portfolio of large and midcap companies. The fund maintains a minimum of 35% exposure in both large and midcap stocks, utilizing a blend of growth and value investing strategies and a combination of top-down and bottom-up approaches for stock selection.
NAV (12 June, 2024): ₹568.0514
Crisil Rank: 3 – Average performance among peers
Fund Size: ₹23,443.39 Crores
Expense Ratio: 1.65%
Risk Level: Very High
SBI Large & Midcap Fund – Portfolio Composition
- Equity Investment: 96.12%
- Large Cap: 40.02%
- Mid Cap: 24.82%
- Small Cap: 13.24%
- Debt Investment: 0%
- Other Investments: 2.62%
Suitability
- Investors looking to invest for at least 3-4 years aiming for high returns.
- Suitable for those prepared for moderate losses.
SBI Large & Midcap Fund – Absolute Returns
| Period | ₹10,000 Invested On | Latest Value | Absolute Returns | Annualised Returns | Category Avg | Rank within Category |
| 1 Week | 04-Jun-24 | 10747.50 | 7.47% | – | 4.80% | 28/30 |
| 1 Month | 10-May-24 | 10762.70 | 7.63% | – | 8.14% | 20/30 |
| 3 Months | 11-Mar-24 | 10962.70 | 9.63% | – | 11.97% | 23/30 |
| 6 Months | 11-Dec-23 | 11711.50 | 17.11% | – | 21.06% | 23/27 |
| YTD | 01-Jan-24 | 10904.30 | 9.04% | – | 16.94% | 25/28 |
| 1 Year | 09-Jun-23 | 13515.60 | 35.16% | 34.82% | 44.30% | 25/27 |
| 2 Years | 10-Jun-22 | 16518.50 | 65.19% | 28.44% | 30.85% | 19/27 |
| 3 Years | 11-Jun-21 | 17340.10 | 73.40% | 20.12% | 20.76% | 14/27 |
| 5 Years | 11-Jun-19 | 25182.50 | 151.83% | 20.26% | 20.43% | 13/23 |
| 10 Years | 11-Jun-14 | 46576.50 | 365.77% | 16.62% | 16.21% | 7/19 |
SIP Returns
| Period | ₹1,000 SIP Started On | Total Investment | Latest Value | Absolute Returns | Annualised Returns |
| 1 Year | 09-Jun-23 | ₹12,000 | ₹14,260.27 | 18.84% | 36.46% |
| 2 Years | 10-Jun-22 | ₹24,000 | ₹31,910.77 | 32.96% | 30.01% |
| 3 Years | 11-Jun-21 | ₹36,000 | ₹50,981.83 | 41.62% | 23.93% |
SBI Large & Midcap Fund – Risk Ratios
- Standard Deviation: 10.76 (Category Avg: 12.05)
- Beta: 0.83 (Category Avg: 0.94)
- Sharpe Ratio: 1.34 (Category Avg: 1.17)
- Treynor’s Ratio: 0.17 (Category Avg: 0.15)
- Jenson’s Alpha: 1.82 (Category Avg: 0.52)
The SBI Large & Midcap Fund exhibits lower volatility and market sensitivity compared to peers, with superior risk-adjusted returns and strong management. Its lower standard deviation and beta, along with higher Sharpe, Treynor’s ratios, and Jensen’s Alpha, indicate better performance and stability
Top Holdings
| Stock | Sector | % of Total Holdings |
| HDFC Bank Ltd. | Private sector bank | 4.35% |
| Reliance Industries Ltd. | Refineries & marketing | 4.01% |
| ICICI Bank Ltd. | Private sector bank | 3.75% |
| State Bank Of India | Public sector bank | 3.02% |
| National Aluminium Co. Ltd. | Aluminium | 2.37% |
| Abbott India Ltd. | Pharmaceuticals | 2.33% |
SBI Large & Midcap Fund – Tax Treatment
- Long Term Capital Gains (LTCG): 10% tax if held for more than 1 year, applicable if total LTCG exceeds ₹1 lakh.
- Short Term Capital Gains (STCG): 15% tax if held for less than 1 year.
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.
