Equity
Direct
Mid-Cap
NAV as on 20-12-2024
₹ 262.04
1D
Inception Returns
23.3%
/yr
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.
SBI Magnum Midcap Fund Direct Growth has given a CAGR return of 23.31% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 24.74%, 21.70% and 28.33% respectively.
SBI Magnum Midcap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Financial Services, Industrial, Health, Basic Materials, Tech, Real Estate, Utilities, Communication, Consumer Defensive, Energy. Its top holdings are CRISIL Ltd, Torrent Power Ltd, Coromandel International Ltd, Sundaram Finance Ltd, K.P.R. Mill Ltd
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.
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 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.
Expense ratio | 0.79% |
Benchmark | S&P BSE Midcap TR INR |
AUM | ₹21455 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 1.0% |
Lock In | No Lock-in |
TurnOver | 10.31% |
STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Very High Risk |
as on (20-Dec-24)
as on (30-Nov-24)
Top 3 Sectors in November were Consumer Cyclical, Financial Services & Industrial
SBI Magnum Midcap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.01% | 3.01% |
6 Month Returns | 0.9% | 0.9% |
1 Year Returns | 24.74% | 24.74% |
3 Years Returns | 80.24% | 21.7% |
5 Years Returns | 248.11% | 28.33% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
SBI Magnum Midcap Fund Direct Growth | 0.45 | 0.57 | 1.52 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
SBI Magnum Midcap Fund Direct Growth | 0.75 | 0.76 | 0.92 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
SBI Magnum Midcap Fund Direct Growth | 1.44 | 1.04 | 1.05 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
SBI Magnum Midcap Fund Direct Growth | 11.81 | 12.82 | 20.79 |