SBI Magnum Midcap Fund Regular Growth
SBI Magnum Midcap Fund Regular Growth3Morning Star
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Min amount: ₹500
- Fund Summary
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|Risk||Moderately High risk|
|Exit Load||1% for 365 Days|
More about this fund
|PI Industries Ltd||7.88%|
|Sheela Foam Ltd||6.2%|
|Godrej Properties Ltd||6.09%|
|Cholamandalam Investment and Finance Co Ltd||5.87%|
|Gujarat State Petronet Ltd||4.89%|
|Coromandel International Ltd||4.07%|
|Dixon Technologies (India) Ltd||3.76%|
|Hexaware Technologies Ltd||3.74%|
|Carborundum Universal Ltd||3.63%|
|Ramco Cements Ltd||3.63%|
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.
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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Min amount: ₹500
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