The SBI Magnum Midcap Fund is a notable mutual fund that primarily invests in mid-cap stocks. Managed by SBI Mutual Fund, it aims to provide long-term capital growth through a diversified portfolio of mid-sized companies.
Details
- Type: Open-ended equity scheme
- NAV (as of June 12, 2024): ₹227.5063
- Fund Size: ₹18,398.62 Cr
- Expense Ratio: 1.69%
- Benchmark: Nifty Midcap 150 TRI
- Risk Level: Very High
Since March 29, 2005, the SBI Magnum Midcap Fund has focused on delivering long-term capital appreciation by investing in a well-diversified basket of mid-cap stocks. The fund has generally performed well, though it has seen some volatility compared to its benchmark and category averages.
SBI Magnum Midcap Fund – Performance Overview
| Period | Absolute Returns | Annualized Returns | Category Avg | Rank within Category |
| 1 Week | 0.33% | – | 1.41% | 28/30 |
| 1 Month | 3.49% | – | 6.29% | 29/30 |
| 3 Months | 6.97% | – | 9.78% | 27/30 |
| 6 Months | 17.07% | – | 25.17% | 29/30 |
| YTD | 10.65% | – | 16.20% | 28/30 |
| 1 Year | 38.86% | 38.74% | 54.40% | 29/30 |
| 2 Years | 64.91% | 28.37% | 34.45% | 24/26 |
| 3 Years | 90.24% | 23.88% | 24.89% | 15/26 |
| 5 Years | 195.73% | 24.19% | 24.06% | 10/23 |
| 10 Years | 459.92% | 18.78% | 19.02% | 11/21 |
| Since Inception | 2061.16% | 17.39% | 21.86% | 21/30 |
Despite its strong long-term performance, the fund has recently underperformed compared to its benchmark, the Nifty Midcap 150 TRI, and the category average.
SBI Magnum Midcap Fund – Portfolio Breakdown
| Asset Class | Allocation |
| Large Cap Stocks | 4.98% |
| Mid Cap Stocks | 45.09% |
| Small Cap Stocks | 20.55% |
| Debt | 0.27% |
| Others | 24.25% |
Top 10 Holdings
| Stock | Sector | % of Total Holdings |
| Torrent Power Ltd. | Integrated power utilities | 4.22% |
| Schaeffler India Ltd. | Auto components & equipments | 3.74% |
| Thermax Ltd. | Heavy electrical equipment | 3.53% |
| Sundaram Finance Ltd. | Non-banking financial company | 3.47% |
| Carborundum Universal Ltd. | Abrasives & bearings | 3.38% |
| CRISIL Ltd. | Other financial services | 3.11% |
| Voltas Ltd. | Household appliances | 2.96% |
| K.P.R. Mill Ltd. | Other textile products | 2.51% |
| Coromandel International Ltd. | Fertilizers | 2.49% |
| Max Healthcare Institute Ltd. | Hospital | 2.25% |
SBI Magnum Midcap Fund – SIP Performance
| Period Invested for | Investments (₹) | Latest Value (₹) | Absolute Returns | Annualized Returns |
| 1 Year | 12,000 | 14,689.99 | 22.42% | 43.77% |
| 2 Years | 24,000 | 33,504.56 | 39.60% | 35.68% |
| 3 Years | 36,000 | 54,031.93 | 50.09% | 28.19% |
| 5 Years | 60,000 | 127,539.55 | 112.57% | 30.69% |
| 10 Years | 120,000 | 340,861.54 | 184.05% | 19.80% |
Investment Strategy
The fund employs a blend of growth and value investing styles, following a bottom-up strategy for stock selection across sectors. This approach enables the fund to capitalize on the growth potential of mid-cap companies while maintaining flexibility to invest in large-cap, small-cap, and debt instruments.
SBI Magnum Midcap Fund – Risk Ratios
| Ratio | SBI Magnum Midcap Fund | Category Average |
| Standard Deviation | 11.84 | 12.84 |
| Beta | 0.79 | 0.88 |
| Sharpe Ratio | 1.35 | 1.29 |
| Treynor’s Ratio | 0.20 | 0.19 |
| Jensen’s Alpha | 0.69 | -0.26 |
The fund exhibits lower volatility compared to the category average, as indicated by its lower standard deviation and beta. Additionally, its risk-adjusted returns, measured by Sharpe, Treynor’s, and Jensen’s Alpha, are superior to the category average.
SBI Magnum Midcap Fund – Comparative Performance
When compared to its benchmark, Nifty Midcap 150 TRI, and category peers, the SBI Magnum Midcap Fund has demonstrated robust performance over the long term, though it has lagged behind recently. The fund’s rankings within its category highlight the need for potential improvement in shorter-term periods.
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.
