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Yogi Zone

Useful articles for your finance management by our team of experts

Mutual Fund Review – SBI Magnum Midcap

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Fund Name: SBI Magnum Midcap (G)

CRISIL Rank: 2

Category: Mid and small cap

Expense Ratio: 2.84%

Risk Level: Average

Benchmark: CNX Midcap

Objective:

To provide investors with opportunities for long-term growth in capital alongwith the liquidity of an open-ended scheme by investing predominantly in a well diversified basket of equity stocks of Midcap companies.

Returns (Annualized)

1-Year3-Year5-Year
23.65%16.02%29.13%

Our Review

SBI Magnum midcap fund (G) has made its inception in the year 2005. Since inception, it has produced annualized returns of 13.9%. It has managed to beat the benchmark index as well as category average comprehensively in the 1, 3 and 5 year returns.

Top 5 holdings of the fund include Mothersun Sumi Systems, Page industries, DB Corporation, Swaraj Engines and Carborundum universal. The fund invests 63% in mid caps and rest in small cap stocks. The fund has delivered excellent annualized returns of 29% p.a. for its investors especially in the 3 and 5 year time frame proving that it is for a long term investment. The fund manager is Sohini Andani since 2010, who has continued to generate good returns for this fund.

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