SBI Mutual Fund’s SBI Magnum MidCap Direct Plan-Growth is a Mid Cap mutual fund product. Since it was established on January 1, 2013, this fund has been around for nine years and nine months. SBI Magnum Mid Cap Direct Plan-Growth is a medium-sized fund in its category with 8,043 Crores in assets under management (AUM) as of June 30, 2022. The fund’s expense ratio is greater than what the majority of other Mid Cap funds charge at 1.01%.
The 1-year growth returns for the SBI Magnum Mid Cap Direct Plan are 13.03%. It has produced returns of 19.85% on average every year since debut. Every two years, the fund has quadrupled the amount invested in it.
The SBI Magnum Mid Cap Direct Plan-Growth scheme has a higher consistency of return delivery than most funds in its class. It performs better than average at limiting losses in a down market.
The sectors of the auto, capital goods, financial, services, and chemicals are where the fund has the majority of its investments. Compared to other funds in the category, it has taken less exposure in the automotive and capital goods industries.
Page Industries Ltd., TI Financial Holdings Ltd., Sheela Foam Ltd., Schaeffler India Ltd., and Crisil Ltd. are the top 5 holdings of the fund.
Fund Key Highlights :
1. Current NAV: The SBI Magnum Midcap Fund’s Direct Plan’s Current Net Asset Value as of October 3, 2022 is Rs 161.21 for the Growth option.
2. Returns: It has trailing returns of 17.63% (1 year), 31.76% (3 years), 15.88% (5 years), and 20.25%. (since launch). While category returns for the same time period are: 7.37 percent (1 year), 25.4 percent (3 years), and 13.38 percent (5yr).
3. Fund Size: As of August 31, 2022, the SBI Magnum Midcap Fund – Direct Plan had assets under management of Rs. 8043.42 crore.
4. Expense ratio: As of August 31, 2022, the expense ratio for the fund’s Direct plan is 1.01%.
5. Exit Load: “Exit load of 1% if redeemed within 1 year” applies to the SBI Magnum Midcap Fund – Direct Plan.
6. Minimum Investment: Rs. 5000 is the minimum necessary investment, and Rs. 1000 is the minimum extra investment. 500 rupees is the minimum SIP investment.