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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


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)


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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