SBI Magnum Midcap Fund Direct Growth

SBI Magnum Midcap Fund Direct Growth

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Equity
Direct
Mid-Cap
NAV: ₹ 239.03 as on 17-05-2024

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

  1. SBI Magnum Midcap Fund Direct Growth has ₹17910 Cr worth of assets under management (AUM) as on Apr 2024 and is more than category average.
  2. The fund has an expense ratio 0.8.
Fund Performance
zero opening, trading, fund transfer fee
14366 people have invested ₹ 9.1Cr in SBI Magnum Midcap Fund Direct Growth in the last three months

Overview

Expense ratio
Expense ratio
0.82%
Benchmark
Benchmark
S&P BSE Midcap TR INR
AUM
AUM
₹17910 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹500
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
10%

SBI Magnum Midcap Fund Direct Growth Distribution as on (30-Apr-24)

  • Equity 94.5%

  • Debt & Cash 5.5%

Size breakup

Mid cap
69.3%
Small cap
13.7%
Large cap
11.6%
Sector Allocation

Apr'24

Mar'24

Feb'24

Consumer Cyclical
29.4%
Financial Services
18.3%
Industrial
17.7%
Basic Materials
9.7%
Health
8.6%
Real Estate
5%
Utilities
4.6%
Consumer Defensive
3.1%
Communication
2.1%
Tech
1.5%

Top Holdings of SBI Magnum Midcap Fund Direct Growth as on (30-Apr-24)

  • Equity

Equity Holdings72

Gainers & Losers Returns for the month of Apr

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
4.80%
1.01%
1.64%
Nifty Midcap 150
4.47%
-1.16%
0.27%
  • This fund’s returns stands at 4.80% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at 4.47% as on Apr'24
  • This fund outperformed Nifty Midcap 150 by 0.33% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 17.9K Cr
₹ 16.9K Cr
₹ 16.5K Cr
  • AUM of the fund stands at 17.9K Cr as of Apr'24
  • AUM increased by 1.1K Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Mutual Fund Insights

Insights icon
Over the last 1 year, this fund has decreased expense ratio by 15.5% moving from 0.97 to 0.82.
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In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 37.44% return, outperforming this fund by 10.99% per annum.
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In the last 1 year, Quant Mid Cap Fund Growth Option Direct Plan has given 77.86% return, outperforming this fund by 38.77%.
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Over the last 6 months, this fund has experienced a 35.7% growth in AUM moving from 13.20K Cr to 17.91K Cr.
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This fund expense ratio is slightly on the lower side within the category (mid-cap). Its expense ratio is 0.82% which is lower than the category average expense ratio of 1.16%.
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In the last 3 years, Motilal Oswal Midcap Direct Growth has given 38.45% return, outperforming this fund by 12.1% per annum.

INDmoney Rank

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11
/19
45% 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

Underperforms benchmarks during bull run

Fund Manager

Sohini Andani
Sohini Andani
Fund Manager of SBI Magnum Midcap Fund Direct Growth, since 1 July 2010
Top funds managed
Mohit Jain
Mohit Jain
Fund Manager of SBI Magnum Midcap Fund Direct Growth, since 30 November 2017

SBI Magnum Midcap Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 23.67% since inception which is more than its category average return of 19.55%
Fund Allocations

Fund Allocations

This fund has an allocation of 94.54% in Equity, 0% in Debt and 5.46% in Cash related instruments
AUM size ₹17910 Cr

AUM size ₹17910 Cr

This fund has AUM of ₹17910 Cr which is more than its category average of ₹ 7818 Cr
Expense Ratio 0.82%

Expense Ratio 0.82%

This fund has an expense ratio of 0.82% 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 ₹239.03 as on 17-May-2024.
Existing (Absolute + CAGR) as on 17-May-2024.
SBI Magnum Midcap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
4.13%
4.13%
6 Month Returns
17.92%
17.92%
1 Year Returns
39.09%
39.09%
3 Years Returns
101.7%
26.35%
5 Years Returns
223.29%
26.45%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select your bank account and proceed with Payment.
0.82% as on April 2024
₹17910 Cr as on April 2024
Torrent Power Ltd(4.33%), Sundaram Finance Ltd(3.95%), Thermax Ltd(3.94%), CRISIL Ltd(3.39%), Schaeffler India Ltd(3.35%) as on April 2024
Consumer Cyclical(27.77%), Financial Services(17.32%), Industrial(16.71%) as on April 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
2.19
3.42
0.88
As on April 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
0.65
0.71
0.91
As on April 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
3.04
1.56
0.94
As on April 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
9.54
11.69
20.9
As on April 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 3.14 as on April 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Sohini Andani, Mohit Jain are the fund managers of SBI Magnum Midcap Fund Direct Growth
The Exit load of SBI Magnum Midcap Fund Direct Growth is 1%