The scheme will invest in companies that increase the entire spectrum of market capitalization equity and equity-related instruments. The fund will invest 50–90% in large-cap stocks, 10–40% in midcap stocks, and 10% in small-cap stocks.
That scheme performance is 19.80% in the last one year, 37.89% and 192.80% in the previous 3 years since the scheme launch. The SIP amount to invest in this scheme is ₹ 500.Sbi magnum midcap fund direct plan growth is an SBI Mutual Fund Equity Mutual Fund Scheme. The scheme was launched on 01 January 2013 and is currently managed by its fund manager Anoop Upadhyay. It has an AUM of Rs 8,760.49 crore, and the current NAV as on Feb 19, 2020, at 10:10 pm is about 55.602.
SBI Magnum Multicap Fund Growth: Some of the salient features of this fund are:
The fund manager of the scheme, Anoop Upadhyay, has bought the stock in the last six months, reflecting his emphasis on the topics of value and growth. It has zeroed in on large-cap companies to select such stocks with reasonably good exposure to mid- and small-cap firms.
It is the lowest volatility fund in the multi-cap category in terms of direct risk. The standard deviation, which calculates risk, is much lower than the category benchmark and the top peers.
BI Magnum Multi-Cap Fund-Direct increased its cash exposure in 2018. The cash level increased from about 1.5 percent to about 6 percent in March 2018 and is now around 6 percent.
SBI Magnum Multi-Cap Fund-Direct has distinguished itself over the long term by registering consistent performance across most market cycles among multi-cap schemes.
SBI Magnum Multi-Cap Fund-Direct has a large bias on the cap. In terms of the current market, domestic consumption and infrastructure-focused sectors are expected to deliver better income growth over the next few years. Accordingly, the scheme has a significant allocation in areas such as financial services, consumer goods, energy and electricity, cars and metals, etc.
Why is it the best idea for you to invest?
SBI Magnum Multi-Cap Fund – Direct is run by a good fund manager and gives stellar returns over the past 1Y, 3Y, and 5Y.
Compared to other top multi-cap funds, AUM is not very high, and the expense ratio is also lower than most of its peers.
Although the fund carries less risk than its rivals, you have to make a prudent decision as to whether this fund is worth your money. If you opt for this fund, then make sure that the fund matches your financial objectives.
Otherwise, you can choose the best options that meet your investment goal.
You can see some of the best performing funds from each mutual fund category invest in 2020.
SBI Magnum Multi-Cap is probably one of the best performing multi-cap funds on the market today, and its AUM is also lower than its peers.
With such consistently high returns, this fund has been successful in beating almost all other funds of its group.
This fund is available in both regular and direct plans.