SBI Magnum Midcap Fund – Direct Growth
-
Invested Amount--
-
Wealth Gained--
-
Expected Amount--
Scheme Performance
| 1Y | 1Y | 3Y | 3Y | 5Y | 5Y | Max | Max | |
|---|---|---|---|---|---|---|---|---|
| Trailing Returns | 27.9% | 29.4% | 23.7% | 20.2% | ||||
| Category Average | 35.3% | 29.8% | 23.7% | - |
Scheme Allocation
Advance Ratio
Exit Load
| Exit Load | For exit within 1 year from th date of allotment - 1%. For exit after 1 years from the date of allotment - NIL. |
|---|
Fund Objective
The SBI Magnum Midcap Fund is an open-ended mutual fund that belongs to the SBI Mutual Fund House. It started on March 29, 2005, giving investors a chance to put their money into a diversified portfolio of mid-cap stocks.
The fund’s goal is to provide long-term capital growth by investing in a well-diversified basket of equity stocks from mid-cap companies. The fund has an open-ended structure, which means that investors can join or leave the fund based on their investment needs and the state of the market.
Pros and Cons of SBI magnum midcap fund
| Pros | Cons |
|---|---|
| When compared to the category average, the fund has shown higher returns over the past three, five, and ten years. This indicates that the fund has performed well over a longer period of time. | The AUM (Assets Under Management) of the fund is 8425Cr, which is relatively high. Funds with a higher AUM typically have lower future returns. |
| The fund has generated returns that are higher than the benchmark – NIFTY Midcap 150 Total Return Index – over the last 3 years. This indicates that the fund has outperformed the benchmark in recent years. | The fund has generated returns lower than the category average by 0.07% for the past 1 year. This indicates that the fund may have performed below average in the short-term. |
| The expense ratio of the fund is 0.98%, which is relatively lower than the industry average.This means that the fund has lower operating costs, which could mean that investors will get a better return on their money. |
Who should invest in SBI magnum midcap fund?
SBI Magnum Mid Cap Fund is a good investment for people who want to make money in the long term (at least 34 years) and want the chance to make a lot of money. However, it is important to note that, as with any investment, there is always a degree of risk involved.
This fund invests mainly in mid-cap companies, which have a higher potential for growth but also a higher level of volatility. So, investors need to be ready for the possibility that their investments will lose some money. Before making an investment decision, it’s important to do a lot of research and talk to a financial advisor.
What are the benefits of investing in the SBI magnum midcap fund?
The SBI Magnum Midcap Fund offers a number of benefits to investors, some of which include:
Long-term capital growth
The goal of the fund is to help investors make long-term money by investing in stocks and other instruments based on stocks. This gives investors a chance to grow their wealth over time.
Tax benefits
Investors can also get tax breaks from the scheme, as described in Section 80C of the Income Tax Act of 1961. This can help reduce the investor’s overall tax liability, making it an attractive option for those looking to save on taxes.
Diversification
By investing in a wide range of stocks and stock-based instruments, the fund gives its investors the chance to spread their risk over a number of different assets. This could mean that the total risk of the investor’s investment goes down.
Professional management
Professional fund managers run the fund. They have the knowledge and experience to choose the best investment opportunities. This gives investors the peace of mind that comes with knowing their money is in good hands.
Liquidity
The SBI Magnum Midcap Fund is an open-ended scheme, which means that investors can join or leave the fund based on their investment needs and the state of the market.
Fund Managers
Sohini Andani
Ms Sohini Andani has been working at joined SBI MF since 2007 and is currently the Research Head. Currently, she manages funds with an AUM of INR 36,724 crores. She worked at ING Investment Management, ASK Raymond James & Associates Private Limited, KR Choksey Shares & Securities Private Limited, LKP Shares & Securities Limited, and CRISIL.
Risk-O-Meter
Peer Comparison
- Fund Name
- Fund Size
- 1Y
- 3Y
- 5Y
-
- Equity .
- Mid Cap .
-
- 19,081
-
38.3%Fund Size - 19,081
-
32.4%Fund Size - 19,081
-
25.3%Fund Size - 19,081
-
- Equity .
- Mid Cap .
-
- 33,699
-
26.1%Fund Size - 33,699
-
27.8%Fund Size - 33,699
-
23.8%Fund Size - 33,699
-
- Equity .
- Mid Cap .
-
- 8,477
-
32.7%Fund Size - 8,477
-
27.7%Fund Size - 8,477
-
19.1%Fund Size - 8,477
-
- Equity .
- Mid Cap .
-
- 2,521
-
35.8%Fund Size - 2,521
-
27.6%Fund Size - 2,521
-
23.5%Fund Size - 2,521
-
- Equity .
- Mid Cap .
-
- 4,252
-
25.5%Fund Size - 4,252
-
26.5%Fund Size - 4,252
-
19.9%Fund Size - 4,252
AMC Contact Details
Frequently Asked Questions
How to invest in SBI Magnum Midcap Fund – Direct Growth ?
- Login to your 5paisa account, Go to the Mutual Funds section.
- Search for SBI Magnum Midcap Fund – Direct Growth in the search box.
- Click on "Start SIP" if you wish to do a SIP or click on “One-time” if you wish to invest a lumpsum amount then click on "Invest Now"
What is the NAV of SBI Magnum Midcap Fund – Direct Growth ?
How to redeem SBI Magnum Midcap Fund – Direct Growth holding ?
What is the minimum sip amount of SBI Magnum Midcap Fund – Direct Growth?
What are the top sectors SBI Magnum Midcap Fund – Direct Growth has invested in?
- Auto Components - 14.93%
- Finance - 11.42%
- Industrial Products - 8.46%
- Textiles & Apparels - 7.94%
- Debt - 7.05%
Can I make investments in both the SIP and Lump Sum schemes of SBI Magnum Midcap Fund – Direct Growth?
How much returns have SBI Magnum Midcap Fund – Direct Growth generated ?
What is the expense ratio of SBI Magnum Midcap Fund – Direct Growth ?
What is the AUM of SBI Magnum Midcap Fund – Direct Growth?
What are the top stock holdings of SBI Magnum Midcap Fund – Direct Growth?
- CRISIL - 4.14%
- Sundaram Finance - 3.51%
- Torrent Power - 3.45%
- Tube Investments - 3.26%
- Schaeffler India - 3.19%
How can I redeem my investments in SBI Magnum Midcap Fund – Direct Growth?
Step 2: Log in to your account by adding Folio No. and M-Pin
Step 3: Click on Widhrawal > Redemption
Step 4: Select SBI Magnum Midcap Fund – Direct Growth in Scheme, enter the redemption amount, and click on submit button.
Is there any lock-in period for SBI Magnum Midcap Fund - Direct Growth?
No, there is no lock-in period for SBI Magnum Midcap Fund – Direct Growth.