This Mid Cap Fund From SBI Has Given More Than 40% Returns In 1 Year

Mid-cap funds provide investors with a diverse portfolio of mid-cap firms. Mid-cap stock funds invest in well-established companies. Mid-cap funds offer several benefits over individual mid-cap equities as well as other forms of funds. While these funds are less volatile than small-cap companies, having only a few mid-cap funds is typically significantly riskier than holding multiple large-cap stocks. Investors may access the growth potential of these funds without taking on company-specific risks by investing in a mid-cap fund. Here, we have given insights of a mid-cap Mutual Fund from SBI.

SBI Magnum Mid-Cap -Direct Plan-Growth

NAV	Fund Size	Expense Ratio
₹152.59	₹ 6804.32 Cr	1.03%

NAV as on 07 February 2022

It is a medium-sized fund of its category. The Fund has Rs 6,804 Crores worth of AUM as of 31 December 2021. The fund has an expense ratio of 1.03%, which is higher than the Mid-Cap funds' category average. Fund's Direct Plan-Growth has given 41.29% in the last 1-year. Since its launch, the fund has delivered 20.47% average annual returns. The scheme's ability to provide consistent returns is comparable to that of the majority of funds in its category. It has an above-average capacity to control losses in a sinking market.

The fund seeks to provide investors with long-term capital growth prospects, as well as the liquidity of an open-ended scheme, by investing primarily in a well-diversified basket of equity equities of Midcap firms. The fund has been rated 4-star by the rating agency CRISIL, and also its performance is above average among its peers. However, it is a moderately risky fund to invest in. Despite this, investors seek excellent returns on their investments for at least three to four years. At the same time, these investors should be prepared for moderate losses in their investments.

Portfolio

Fund has 99.88% investment in Indian stocks of which 1.23% is in large-cap stocks, followed by 49.44% and 31.04% in mid-cap and small-cap stocks. respectively. The fund has the majority of its money invested in Automobile, Financial, Construction, Consumer Durable sectors, Engineering. It has taken less exposure in the Automobile, Construction sectors compared to other funds in the category.

The fund's top 5 holdings are:

• Sheela Foam Ltd.
• Page Industries Ltd.
• TI Financial Holdings Ltd.
• Carborundum Universal Ltd.
• JK Cement Ltd.

Returns Over The Years

On investment of Rs 10,000 (Lumpsum)

Period Invested for	Absolute Returns	Annualised Returns	Category Avg
1 Year	40.28%	40.03%	33.97%
2 Year	79.39%	33.88%	28.48%
3 Year	101.21%	26.22%	23.68%
5 Year	97.59%	14.58%	15.73%
10 Year	564.66%	20.83%	18.58%
Since Inception	1303.10%	16.94%	17.49%

On SIP of Rs 1,000 

Period Invested for	Absolute Returns	Annualised Returns
1 Year	14.86%	28.32%
2 Year	56.51%	49.65%
3 Year	71.23%	38.11%
5 Year	76.87%	22.96%
10 Year	183.73%	19.77%

 

Disclaimer

Mutual fund investments are subject to market risk. Read all scheme-related documents, Terms and Conditions carefully before investing. The above-mentioned information is purely informational and carried forward from MoneyControl and CRISIL. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.