Tuesday, June 28, 2016

SBI Magnum Midcap Fund...A must in your portfolio

SBI Magnum Midcap 
How has the fund performed? 
The fund has a patchy long-term track record. With a 10-year return of 14.76%, the fund has beaten the benchmark (12.27%) but has underperformed the category (average return: 15.55%




Annualised performance (%) 
The fund has outperformed peers across 3- and 5-year time frames.

Yearly performance (%) 
The fund's performance has improved in recent years, except for a blip in 2014.

WHERE DOES THE FUND INVEST? 


HOW RISKY IS IT? 


All data as on 31 May 2016, unless specified. Source: Value Research 

SHOULD YOU BUY? 
This fund didn't fare well in its initial years but, in recent years, has steadily improved its performance under the capable hands of its current fund manager. Although investing predominantly in mid-cap stocks, the average market capitalisation of its portfolio is lower than other category peers. 

Although the stock selection approach is mostly bottom-up, the fund manager doesn't shy away from taking bold sector bets, as is reflected in its large exposure to the healthcare sector. She is equally adept at handling performance across market cycles—the fund has captured more of the upside during market upticks and contained the downside during downturns in a better manner than its peers. Given its superior risk-reward equation, the fund is a worthy pick in its category. 

BASIC FACTS 
Date of launch: 29 March 2005 
Category: Equity 
Type: Small Cap 
Average AUM: Rs 1,965.14 cr 
Benchmark: Nifty Mid Small Cap 400 

WHAT IT COSTS 
NAVS* 
Growth option: Rs 63.92 
Dividend option: Rs 30 
Minimum investment: Rs 5,000 
Minimum SIP amount: Rs 500 
Expense ratio^(%): 2.43 
Exit load: 1% for redemption within 365 days 

*As on 21 June 2016 ^As on 31 Mar 2016 

Fund manager: Sohini Andani 
Tenure: 5 Years And 10 Months 
Education: B.Com (H) and C.A

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Source : ET

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