SBI Mutual Fund launched a scheme for its investors on February 28th, 1993 named SBI Magnum Multiplier Fund, an open-ended scheme which is now known as SBI Large & Midcap Fund. It invests in large-cap and mid-cap companies. Large-cap companies are the top hundred companies in terms of full market capitalisation and mid-cap companies are the top 101 to 250 companies. It follows a mixture of growth and value style of investing and top-down and bottom-approach while selecting stocks and sectors to invest in.
Investment Objective
The investment objective of SBI Large and Midcap Fund is to provide an opportunity to its investors to earn long-term capital appreciation by investing in the stocks of large-cap and mid-cap equities.
Fund Manager
SBI Large & Midcap Fund G is managed by Mr. Saurabh Pant since September, 2016. He has done B.Com. Honors, MBE and CFA (Level III) and has been associated with SBI Mutual Fund since 2007. Apart from this scheme he has been managing SBI Consumption Opportunities Fund as well.
Who Should Invest?
- Investors who are ready to tolerate moderately high risk on the principal amount invested.
- Those who wish to invest in large and mid-cap companies’ stocks in order to earn long-term appreciation.
- People looking for investment option for long-term in order to park their money which is kept idle, may invest in it by logging on to MySIPonline.
Scheme Facts
SBI Large & Midcap Fund has been rated three stars by Value Research. Its Net Asset Value as on June 29th, 2018 was Rs. 206.5479 and the assets under management were worth Rs. 2271.8 crores as on May 31st, 2018. There is no entry load that an investor has to worry about. In case an investor wishes to redeem within one year of investment, then he becomes liable to pay 1% as exit load. After completion of one year, he can freely redeem without paying any charges. Its investment in equity is 96.58% and in debt is 3.2% with percentage investment in giant-cap, large-cap, mid-cap, and small-cap being 35.62, 19.38, 37.02, and 7.99, respectively. Its standard deviation as on May 31st, 2018 was 14.50%, calculated using the calendar month returns for the last three years.
The top five companies in whose stocks it has invested majorly are HDFC Bank, Jubilant FoodWorks, Infosys, ICICI Bank, and Bharti Airtel, respectively with investment percentage being 5.75, 4.89, 4.88, 4.78, and 4.11, respectively.
Performance
The trailing returns that SBI Large & Midcap Fund Growth has provided its investors were 6.87, 9.39, and 19.85 for one, three, and five years, respectively as on June 29th, 2018 which shows that it is more beneficial to keep the money locked in for long-term in this scheme.
Conclusion
SBI Large & Midcap Fund is best for the investors planning for long-term investment in large-cap and mid-cap companies. If you have any doubt or any confusion which you need to clear, log on to MySIPonline, a user-friendly platform that helps you make hassle-free, environmental friendly, paperless transactions and provides an opportunity to talk with financial advisors absolutely free of cost.
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