SBI Magnum Midcap Fund Direct Growth
About the Fund
SBI Magnum Midcap Fund is a mutual fund scheme designed to have a higher exposure towards stocks listed in the Nifty mid-cap index. Mid cap stocks are stocks which have a market capitalization of between Rs 5,000 and Rs 20,000 crore. They provide the opportunity for strong growth but also come with some risks attached.The fund aims to generate high returns in the long term tenure. The fund is managed by SBI Mutual Fund, is one of the largest mutual fund houses in India, which manages multiple mutual funds and has an AUM of over Rs 7 lakh crore as on 2022. Investing in mid-cap stocks can be more volatile than investing in large-cap stocks, but it also has the potential for higher returns, making the fund more suitable for investors with a higher risk appetite.
Key Parameters
- SBI Magnum Midcap Fund Direct Growth has ₹20316 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
- The fund has an expense ratio 0.8.
Returns
SBI Magnum Midcap Fund Direct Growth has given a CAGR return of 24.15% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 38.34%, 24.37% and 29.64% respectively.
Holdings
SBI Magnum Midcap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Financial Services, Industrial, Basic Materials, Health, Real Estate, Government, Utilities, Tech, Communication, Consumer Defensive. Its top holdings are Torrent Power Ltd, Sundaram Finance Ltd, Schaeffler India Ltd, Carborundum Universal Ltd, Thermax Ltd
Taxation
As it is a mid-cap mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of SBI Magnum Midcap Fund Direct Growth
To provide investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme by investing predominantly in a well diversified basket of equity stocks of Midcap companies.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. SBI Magnum Midcap Fund Direct Growth has no lock in period.
INDmoney Rank
Fund Overview
| Expense ratio | 0.79% |
Benchmark | S&P BSE Midcap TR INR |
| AUM | ₹20316 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 1% |
| Lock In | No Lock-in |
TurnOver | 10% |
| Risk |   Very High Risk |
Fund Distributionas on (30-Jun-24)
as on (30-Jun-24)
Returns for the month of Jun
Top Growth Drivers | 1M Return |
|---|---|
 Max Healthcare Institute Ltd | 4.2% |
 Coromandel International Ltd | 3.4% |
Mutual Fund Insights
SBI Magnum Midcap Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹20316 Cr
Expense Ratio 0.79%
Frequently Asked Questions
SBI Magnum Midcap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.51% | 0.51% |
6 Month Returns | 20.96% | 20.96% |
1 Year Returns | 38.34% | 38.34% |
3 Years Returns | 92.35% | 24.37% |
5 Years Returns | 266.2% | 29.64% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
SBI Magnum Midcap Fund Direct Growth | 0.16 | 3.49 | 1.23 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
SBI Magnum Midcap Fund Direct Growth | 0.69 | 0.73 | 0.92 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
SBI Magnum Midcap Fund Direct Growth | 2.59 | 1.52 | 1.03 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
SBI Magnum Midcap Fund Direct Growth | 10.59 | 12.15 | 21.06 |