SBI Magnum Midcap Fund Regular Growth - Latest NAV ₹75.7382, Returns, Performance & Portfolio

SBI Magnum Midcap Fund Regular Growth

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Start your investment

Min amount: ₹500

Calculate Returns

Rs. 1,000 invested monthly becomes Rs. 4.01 Lakhs in a period of 20 years

Fund Summarystar

PeriodReturns(per year)
10 Years11.28%
5 Years4.76%
3 Years-0.98%
1 Year11.03%
6 Months34.58%
Fund Details
RiskModerately High risk
Fund TypeMid-Cap
Exit Load1% for 365 Days

More about this fundstar

Top HoldingsWeightage
PI Industries Ltd7.17%
Sheela Foam Ltd5.66%
Coromandel International Ltd5.06%
Godrej Properties Ltd4.69%
Cholamandalam Investment and Finance Co Ltd4.54%
Ramco Cements Ltd3.56%
Gujarat State Petronet Ltd3.52%
Page Industries Ltd3.21%
Carborundum Universal Ltd2.98%
JK Cement Ltd2.97%

About SBI Magnum Midcap Fund

The Scheme is an open-ended equity scheme predominantly investing into mid-cap stocks. On an average, the scheme has provided 15% return since inception. The scheme is benchmarked against Nifty Free Float Midcap 150. The minimum initial investment amount is Rs 5,000 and subsequent investment can be done in excess of Rs 1,000. The Scheme is available under Growth and Dividend option.

Pros & Cons of SBI Magnum Midcap Fund

The Scheme has provided 10 year return of 10.64% and thus underperformed the category average (12.87%) but has managed to beat the benchmark index (9.93%). The Scheme has underperformed heavily in last year. As per SEBI guidelines, the universe for the midcap stocks has been cut to half from 300 to 150 stocks and thus recently the portfolio of the scheme has been restructured.

Fund Information and Statistics of Mirae Asset Healthcare Fund

i) Inception / Launch date

The Scheme was launched on 29 March 2005.

ii) Risk level

The scheme currently have 60 stocks under kitty and reasonably diversified and exhibited less volatility compared to its peers. The scheme is moderately high risk proposition and suitable for appreciation over 5 year horizon.

iii) Redemption

Minimum redemption amount is Rs 1,000. The scheme provides redemptions / switch-out facility to investors on every business day at applicable NAV subject to exit loads as applicable.

iv) Fund Manager

The Scheme is currently being managed by Ms. Sohini Andani who is managing the scheme since July 2010. She has a total experience of 23 years across financial services sector.

v) Entry / Exit load

1% exit load is charged if the units are redeemed within 1 year from the date of allotment of units, no exit load is charged beyond 1 year.

Tax Benefits of investing in SBI Magnum Midcap Fund

The short-term capital gains made on sale of units within 1 year from the date of allotment will be taxed at the rate of 15%. The Long-term capital gains, over and above Rs 1 lakh, made on sale of units after 1 year from the date of allotment will be taxable at the rate of 10% (without indexation).

About SBI Mutual Fund

SBI Mutual Fund is India’s largest bank sponsored mutual fund and the fund has launched 38 schemes and successfully redeemed fifteen of them. Today, the fund house manages over Rs. 42,100 crores of corpus across 38 active schemes.

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Frequently Asked Questions

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Start your investment

Min amount: ₹500

Calculate Returns

Rs. 1,000 invested monthly becomes Rs. 4.01 Lakhs in a period of 20 years
Moderately High risk

All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,

  • High Risk = High possible returns
  • Low Risk = Stable, relatively lower returns