Mutual Fund to watch: SBI Magnum Mid-cap fund

Mid-cap stocks have been outperforming the major indices in the market for past three years. Consequently, mutual funds investing in Mid-cap stocks have also given impressive returns. Following are the excerpts of the SBI Magnum Mid-cap fund:

Feb 26, 2017 04:02 IST India Infoline News Service

Mid-cap stocks have been outperforming the major indices in the market for past three years. Consequently, mutual funds investing in Mid-cap stocks have also given impressive returns. Following are the excerpts of the SBI Magnum Mid-cap fund:
 
Investment Objectives:
 
To provide investors with opportunities for long term growth in capital along with the liquidity of an open-ended scheme by investment predominantly in a well-diversified basket of equity stocks of Midcap companies.
 
Key highlights:
 
Follows a bottom-up strategy to identify midcap companies.
 
Focus on company fundamentals and valuation gap vis-a-vis peers.
 
Suitable for investors with a moderately high level of risk appetite, looking to invest in a midcap based fund
Top 10 holdings:
 
Name % of total AUM
Debt
SD Corporation Pvt. Ltd. 3.34
Equity
Strides Shasun Limited 4.81
Cholamandalam Investment and Finance Company Ltd 3.94
The Ramco Cements Ltd. 3.75
Carborundum Universal Ltd. 3.63
Manpasand Beverages Ltd. 3.32
Sheela Foam Ltd. 2.66
Greaves Cotton Ltd. 2.60
Indraprastha Gas Ltd. 2.48
Dr. Lal PathLabs Ltd 2.48
Total 36.34
 
Sectoral breakdown:
 
Financial Services 14.84
Pharma 13.46
Industrial Manufacturing 12.38
Consumer Goods 10.91
Construction 8.77
Fertilisers & Pesticides 7.60
Healthcare Services 6.20
Cement & Cement Products 4.45
Services 2.61
Energy 2.48
IT 2.24
Chemicals 2.16
Automobile 2.08
Media Entertainment 1.88
Textiles 0.56
 
Performance:

31-Dec-2015-30-Dec-2016 31-Dec-2014-30-Dec-2015 31-Dec-2013-30-Dec-2014 Since Inception
Absolute Returns (%) Absolute Returns (%) Absolute Returns (%) CAGR Returns (%) PTP Returns (INR)
SBI Magnum Mid-cap fund 4.98 14.92 71.94 17.22 64,813
Nifty MidSmallcap 400 index (Scheme Benchmark) 3.76 9.04 63.20 NA NA
S&P BSE Sensex (Additional Benchmark 1.95 -5.03 29.89 12.93 41,814
 

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