SBI Magnum Midcap Fund Direct Growth
Equity
Direct
Mid-Cap
NAV: ₹ 228.59 as on 18-04-2024
Fund Performance
14731 people have invested ₹ 9.9Cr in SBI Magnum Midcap Fund Direct Growth in the last three months
Mutual Fund Insights
In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 32.51% return, outperforming this fund by 8.91% per annum.
Over the last 6 months, this fund has experienced a 27.3% growth in AUM moving from 13.24K Cr to 16.85K Cr.
This fund expense ratio is slightly on the lower side within the category (mid-cap). Its expense ratio is 0.83% which is lower than the category average expense ratio of 1.17%.
Over the last 1 year, this fund has decreased expense ratio by 14.4% moving from 0.97 to 0.83.
In the last 1 year, Quant Mid Cap Fund Growth Option Direct Plan has given 68.88% return, outperforming this fund by 27.13%.
In the last 3 years, Quant Mid Cap Fund Growth Option Direct Plan has given 37.68% return, outperforming this fund by 12.07% per annum.
INDmoney Rank of SBI Magnum Midcap Fund Direct Growth
Powered by IND quant engine
11
/19
51% Performance
45% Risk Management
62% Cost
11 out of 19 among mid-cap
Pros
Lower volatility within category
Beats FD returns for both 3Y & 5Y
Cons
No bad points found for this fund.
About the SBI Magnum Midcap Fund Direct Growth
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 ₹16856 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
- The fund has an expense ratio 0.8.
SBI Magnum Midcap Fund Direct Growth Overview
 | 0.83% |
 Benchmark | S&P BSE Midcap TR INR |
 | ₹16856 Cr |
 | 1 January, 2013 |
 | ₹5000/₹500 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 10% |
SBI Magnum Midcap Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Mid cap
66.6%
Small cap
12.9%
Large cap
12.4%
Sector Allocation
Consumer Cyclical
30.5%
Financial Services
18.6%
Industrial
15.2%
Basic Materials
9.8%
Health
9.1%
Real Estate
5%
Utilities
4.5%
Consumer Defensive
3.4%
Communication
2.2%
Tech
1.8%
Top Holdings of SBI Magnum Midcap Fund Direct Growth as on (31-Mar-24)
Equity Holdings70
Debt Holdings1
SBI Magnum Midcap Fund Direct Growth: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 1.01% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -1.16% as on Mar'24
- This fund outperformed Nifty Midcap 150 by 2.17% in Mar'24
AUM Change
- AUM of the fund stands at 16.9K Cr as of Mar'24
- AUM increased by 397.3 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in SBI Magnum Midcap Fund Direct Growth portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Torrent Power Ltd | 39.2% |
 Thermax Ltd | 25.2% |
 Carborundum Universal Ltd | 17.8% |
Top Losers | 1M Return |
|---|---|
 Coforge Ltd | -9% |
 Sheela Foam Ltd | -0.2% |
 Gokaldas Exports Ltd | 10.6% |
Peer Analysis
SBI Magnum Midcap Fund Direct Growth Fund Manager
Mohit Jain
Fund Manager of SBI Magnum Midcap Fund Direct Growth, since 30 November 2017
Top funds managed
Sohini Andani
Fund Manager of SBI Magnum Midcap Fund Direct Growth, since 1 July 2010
Top funds managed
SBI Magnum Midcap Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 23.42% since inception which is more than its category average return of 18.76%
Fund Allocations
This fund has an allocation of 91.85% in Equity, 0% in Debt and 8.15% in Cash related instruments
AUM size ₹16856 Cr
This fund has AUM of ₹16856 Cr which is more than its category average of ₹ 7349 Cr
Expense Ratio 0.83%
This fund has an expense ratio of 0.83% which is less than its category average expense ratio of 1.39%
Frequently Asked Questions
The current NAV of SBI Magnum Midcap Fund Direct Growth is ₹228.59 as on 18-Apr-2024.
Existing (Absolute + CAGR) as on 18-Apr-2024.
SBI Magnum Midcap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 7.03% | 7.03% |
6 Month Returns | 14.85% | 14.85% |
1 Year Returns | 41.74% | 41.74% |
3 Years Returns | 98.21% | 25.61% |
5 Years Returns | 188.55% | 23.61% |
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0.83% as on March 2024
₹16856 Cr as on March 2024
CRISIL Ltd(4.2%), Torrent Power Ltd(4.16%), Thermax Ltd(3.76%), Sundaram Finance Ltd(3.66%), Tube Investments of India Ltd Ordinary Shares(3.1%) as on March 2024
Consumer Cyclical(28.05%), Financial Services(17.04%), Industrial(13.93%) as on March 2024
The alpha ratio for the SBI Magnum Midcap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
SBI Magnum Midcap Fund Direct Growth | 3.24 | 3.6 | 1.11 |
As on March 2024
The alpha for SBI Magnum Midcap Fund Direct Growth is calculated against S&P BSE Midcap TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the SBI Magnum Midcap Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
SBI Magnum Midcap Fund Direct Growth | 0.66 | 0.71 | 0.92 |
As on March 2024
The Beta for SBI Magnum Midcap Fund Direct Growth is calculated with S&P BSE Midcap TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the SBI Magnum Midcap Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
SBI Magnum Midcap Fund Direct Growth | 3.06 | 1.5 | 0.86 |
As on March 2024
The sharpe ratio for SBI Magnum Midcap Fund Direct Growth is calculated with S&P BSE Midcap TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the SBI Magnum Midcap Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
SBI Magnum Midcap Fund Direct Growth | 9.7 | 11.57 | 20.97 |
As on March 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 3 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Mohit Jain, Sohini Andani are the fund managers of SBI Magnum Midcap Fund Direct Growth
The Exit load of SBI Magnum Midcap Fund Direct Growth is 1%