State Bank of India (SBI) is a name that is known to everyone. Being the largest bank in India, the company has always been true to its name. SBI launched their assets management company in 1987 and their first mutual fund scheme in 1991. Today, it has assets size of Rs 217649 crore (as on Mar 31, 2018) under their management and top performing schemes in almost all mutual fund categories. In this post, we will discuss about one such scheme, i.e., SBI Large & Midcap Fund.
About the Fund
The fund was launched on Feb 28, 1993, under the name SBI Magnum Multiplier Fund, which was later changed to SBI Large & Midcap Fund. The fund falls in the category of diversified equity, with a primary objective to provide investors with long-term capital appreciation by investing in large-cap and mid-cap companies. The fund’s minimum investment amount is Rs 5000 and a SIP can be started for as low as Rs 500.
Some Key Parameters
The fund has been doing really great from the past few years and it can be seen by the returns it has given. It gave returns of 9.28%, 11.39%, and 20.16% in 1, 3, and 5 years, respectively (as on Jun 18, 2018) beating its benchmark on every occasion. The fund has a current NAV of Rs 212.55 (as on Jun 18, 2018) and assets size of Rs 2319.13 crore(as on Jun 18, 2018). The total expense ratio of the fund is 2.08% (as on Apr 30, 2018). Also, as the company mainly invests in large-cap and mid-cap companies, the risk factor associated is also comparatively low.
Sectors it Invests in
Proper fund allocation is what decides success of a scheme. SBI Large & Midcap Fund invests its major assets in sectors like banking, finance, consumer non-durable, telecommunication, information technology, and engineering. Let’s have a look at top equity holdings of this fund.
Why Choose This Fund?
SBI MF has some really good over the top schemes, and SBI Large and Midcap Fund is one of them. The returns it has given over the past years is one of the reasons to choose this fund. The other reason being the companies that it has in its portfolio. Many of the holdings have been seen performing really well, even when the equities market was following a downward trend, the fund provided a really good support to its investors. Also, it is good for new investors too, who are looking for a good opportunity to enter the investment market.
SBI Large & Midcap Fund is a choice of millions of investors and has never disappointed them. The performance parameters of this fund make it the perfect contender to be on your mutual fund wish list. So, the next time you want to select a new mutual fund scheme, keep this one into your consideration.
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