Fincash » SBI Magnum Mid Cap Fund Vs ICICI Prudential MidCap Fund
Table of Contents
SBI Magnum mid cap fund and ICICI Prudential MidCap Fund both belong to the mid cap category of Equity Funds. These schemes invest their accumulated fund money in equity and equity-related instruments of companies having a Market capitalization between INR 500 – INR 10,000 Crores. Mid cap stocks are defined as stocks whose market capitalization is between 101st to 250th in terms of full market capitalization. Though both the schemes belong to the same category yet; there are differences with respect to their performance, AUM, NAV, and many other related factors. So, for better investment decision, let us understand the differences between SBI Magnum Mid Cap Fund and ICICI Prudential MidCap Fund through this article.
SBI Mid Cap Fund is offered by SBI Mutual Fund under Mid Cap category. It is an open-ended scheme which was launched on March 29, 2005. The scheme’s objective is to attain Capital growth in long-term by Investing in equity and equity-related instruments of mid cap companies. The scheme uses Nifty Midcap 150 to construct its Portfolio. Some of the top holdings (as on 31/05/2018) of SBI Magnum Mid Cap Fund’s portfolio include Cholamandalam Investment and Finance Company Limited, The Ramco Cements Ltd, Dixon Technologies (India) Limited, Sheela Foam Limited, and Federal Bank Limited. The fund is suitable for investors looking for capital appreciation for long-term tenure. The scheme follows bottom-up approach of stock selection. SBI Magnum Mid Cap Fund is managed by Sohini Andani.
ICICI Prudential MidCap Fund’s investment objective is to generate capital appreciation from an active portfolio that primarily consists of midcap stocks. Some of the key benefits of this scheme are it helps individuals to take the advantage of mid-cap stocks that have potentials of higher capital appreciation. Additionally, the scheme also complements a portfolio that is primarily focused on large-cap stocks. Mittul Kalawadia and Mrinal Singh are the joint fund managers of ICICI Prudential MidCap Fund. The scheme uses NIFTY Midcap 150 TRI as its primary benchmark to construct its portfolio. Some of the top holdings of ICICI Prudential MidCap Fund as of March 31, 2018, include Exide Industries Limited, Tata Chemicals Limited, Fortis Healthcare Limited, and Engineers India Limited.
The parameters or elements that are used to compare both the scheme are divided into four categories, namely, basic section, performance section, yearly performance section, and other details section. So, let us have a look at each of these parameters and see how the funds stand against each other.
The elements compared in this section include Category of Scheme, Fincash Rating, Current NAV, and much more. To begin with the scheme’s category, we can see that both the schemes belong to the same category, that is, Equity Mid Cap. Moving on the next comparison parameter, that is, Fincash Rating, it can be said that ICICI Prudential MidCap Fund has a 2-Star Rating, while SBI Magnum Mid Cap Fund has 3-Star Rating. With respect to Net Asset Value, the NAV of SBI Magnum Mid Cap Fund is higher than that of ICICI Prudential MidCap Fund. As on 17th July, 2018, the NAV of SBI Magnum Mid Cap Fund was INR 72.3895 and of ICICI Prudential MidCap Fund was INR 95.05, approximately. The following table summarizes the various comparison components of the basics section.
Parameters Basics NAV Net Assets (Cr) Launch Date Rating Category Sub Cat. Category Rank Risk Expense Ratio Sharpe Ratio Information Ratio Alpha Ratio Benchmark Exit Load SBI Magnum Mid Cap Fund
Growth
Fund Details ₹213.05 ↑ 2.22 (1.05 %) ₹16,856 on 31 Mar 24 29 Mar 05 ☆☆☆ Equity Mid Cap 28 Moderately High 1.88 2.97 -0.48 2.34 Not Available 0-1 Years (1%),1 Years and above(NIL) ICICI Prudential MidCap Fund
Growth
Fund Details ₹259.81 ↑ 3.18 (1.24 %) ₹5,517 on 31 Mar 24 28 Oct 04 ☆☆ Equity Mid Cap 35 Moderately High 2.11 2.7 -0.57 -2.49 Not Available 0-1 Years (1%),1 Years and above(NIL)
As the name mentions, this scheme compares the CAGR performance of both the schemes at various time frames. Some of the timeframes for which the performance is compared are 1 Month, 3 Months, 1 Year, 5 Years, and Since Inception. When we look at the performance of both the schemes in almost all the time periods, ICICI Prudential MidCap Fund has performed better as compared to SBI Magnum Mid Cap Fund. The table given below tabulates the performance of both the schemes at different timeframes.
Parameters Performance 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since launch SBI Magnum Mid Cap Fund
Growth
Fund Details 1.5% 6.4% 15.9% 35.5% 24.8% 24.9% 17.3% ICICI Prudential MidCap Fund
Growth
Fund Details 4.8% 7.4% 28.7% 53% 25.4% 23% 18.1%
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This category gives the absolute performance of both the schemes on a yearly Basis. If we look at the yearly bases performance, SBI Magnum Mid Cap Fund's performance is better as compared to ICICI Prudential MidCap Fund in many instances. The yearly performance of both the schemes is tabulated as follows.
Parameters Yearly Performance 2023 2022 2021 2020 2019 SBI Magnum Mid Cap Fund
Growth
Fund Details 34.5% 3% 52.2% 30.4% 0.1% ICICI Prudential MidCap Fund
Growth
Fund Details 32.8% 3.1% 44.8% 19.1% -0.6%
This section is the last section in case of comparison between both the schemes. Some of the comparison elements that form part of this section include AUM, Minimum SIP Investment, Minimum Lumpsum Investment, and Exit Load. The minimum monthly SIP investment of ICICI Prudential MidCap Fund is INR 1,000 and of SBI Magnum Mid Cap Fund is INR 500. The minimum lump sum amount of both the fund is same, i.e., INR 5,000. With respect to the AUM of both the schemes, the AUM of SBI Magnum Mid Cap Fund is higher in comparison to the AUM of ICICI Prudential MidCap Fund. As on May 31, 2018, the AUM of SBI Magnum Mid Cap Fund was INR 3,718 crores while of ICICI Prudential MidCap Fund was approximately INR 1,523 crores. The table given below summarizes the elements of other details section.
Parameters Other Details Min SIP Investment Min Investment Fund Manager SBI Magnum Mid Cap Fund
Growth
Fund Details ₹500 ₹5,000 Bhavin Vithlani - 0 Yr. ICICI Prudential MidCap Fund
Growth
Fund Details ₹100 ₹5,000 Lalit Kumar - 1.75 Yr.
SBI Magnum Mid Cap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Apr 19 ₹10,000 30 Apr 20 ₹8,195 30 Apr 21 ₹15,072 30 Apr 22 ₹19,385 30 Apr 23 ₹20,670 30 Apr 24 ₹29,053 ICICI Prudential MidCap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Apr 19 ₹10,000 30 Apr 20 ₹7,614 30 Apr 21 ₹13,485 30 Apr 22 ₹16,616 30 Apr 23 ₹17,183 30 Apr 24 ₹26,661
SBI Magnum Mid Cap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 8.15% Equity 91.85% Equity Sector Allocation
Sector Value Consumer Cyclical 28.05% Financial Services 17.04% Industrials 13.93% Basic Materials 9.02% Health Care 8.31% Real Estate 4.57% Utility 4.16% Consumer Defensive 3.09% Communication Services 2.04% Technology 1.63% Top Securities Holdings / Portfolio
Name Holding Value Quantity CRISIL Ltd (Financial Services)
Equity, Since 30 Apr 21 | 5000924% ₹707 Cr 1,395,281
↓ -4,719 Torrent Power Ltd (Utilities)
Equity, Since 30 Jun 19 | 5327794% ₹702 Cr 5,169,750 Thermax Ltd (Industrials)
Equity, Since 31 Dec 13 | THERMAX4% ₹634 Cr 1,511,202 Sundaram Finance Ltd (Financial Services)
Equity, Since 30 Sep 22 | SUNDARMFIN4% ₹617 Cr 1,490,000 Tube Investments of India Ltd Ordinary Shares (Industrials)
Equity, Since 31 Dec 20 | 5407623% ₹523 Cr 1,400,000 Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 18 | 5008503% ₹513 Cr 8,682,397 Schaeffler India Ltd (Consumer Cyclical)
Equity, Since 28 Feb 14 | SCHAEFFLER3% ₹456 Cr 1,623,740 Max Healthcare Institute Ltd Ordinary Shares (Healthcare)
Equity, Since 30 Sep 21 | 5432203% ₹451 Cr 5,500,000
↑ 1,000,000 K.P.R. Mill Ltd (Consumer Cyclical)
Equity, Since 31 Oct 22 | 5328893% ₹438 Cr 5,260,011
↑ 984,735 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Dec 23 | 5000343% ₹435 Cr 600,000
↑ 200,000 ICICI Prudential MidCap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 5.27% Equity 94.73% Equity Sector Allocation
Sector Value Basic Materials 22.38% Industrials 18.53% Consumer Cyclical 14.26% Real Estate 11.52% Health Care 10.5% Communication Services 5.68% Financial Services 4.28% Energy 4.28% Utility 2.56% Technology 0.69% Top Securities Holdings / Portfolio
Name Holding Value Quantity Jindal Stainless Ltd (Basic Materials)
Equity, Since 31 Aug 22 | 5325084% ₹201 Cr 2,888,476
↑ 200,000 Hindustan Petroleum Corp Ltd (Energy)
Equity, Since 31 Aug 22 | HINDPETRO4% ₹199 Cr 4,183,076
↓ -286,200 Lupin Ltd (Healthcare)
Equity, Since 31 Aug 22 | 5002574% ₹199 Cr 1,229,917
↓ -170,083 Phoenix Mills Ltd (Real Estate)
Equity, Since 31 May 20 | 5031004% ₹197 Cr 706,491
↓ -200 Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 31 Jan 22 | 5322863% ₹185 Cr 2,179,227 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 18 | 5323433% ₹151 Cr 699,955 AIA Engineering Ltd (Industrials)
Equity, Since 30 Nov 17 | AIAENG3% ₹146 Cr 372,547
↑ 7,880 ACC Ltd (Basic Materials)
Equity, Since 31 Aug 22 | 5004103% ₹139 Cr 557,062 Cummins India Ltd (Industrials)
Equity, Since 31 Oct 22 | 5004802% ₹133 Cr 444,068 Oberoi Realty Ltd (Real Estate)
Equity, Since 31 May 23 | 5332732% ₹133 Cr 899,376
Thus, from the above elements, it can be said that both the schemes differ on account of various parameters. However, it is always advised to individuals to understand a scheme’s modalities completely before investing. They should check if the fund’s objective is in-line with theirs. They should also check various parameters such as returns, Underlying asset portfolio, fund manager managing the scheme and much more. Additionally, they can take help of a financial advisor, if required. Through this individual can ensure that their money is safe and their objectives are met timely.