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Whenever there is a need of earning exceptional returns, the best recommendation that comes is the mid-cap mutual funds. They have the capacity to convert a small investment into huge wealth and this has been witnessed many a time in the past. SBI Magnum Midcap fund is among those mid-cap equity mutual funds which are intended towards enriching one’s investment portfolio and helping them reach their financial goals easily. You might have a question in mind that how we can be so sure. But believe us, we are telling you this because we have seen it growing recklessly and you too shall get convinced by reading the following paragraphs. So, let’s begin!
SBI Magnum Midcap – A Tremendous Performer Beginning with the performance, we will first tell you about the records maintained by this fund since its inception. It has offered an average return of 18% since its launch, i.e., May 2005, which is exceptionally well if we consider the downfalls of the market which were caused due to various market moves. The absolute annual return of the scheme in the past five years has been positive with a record of 32.2% in 2017. In the case of annualised returns, the scheme has been successful in outperforming the benchmark with a great margin. The three- and five-year returns of the scheme are 15% and 25.2%, respectively. It is among the top-five small & mid-cap funds as per the CRISIL rating for a long time which proves its efficiency of holding the recognised position in the market.
Portfolio of SBI Magnum Midcap Fund – The Real Essence Every fund’s performance is based on the investments it makes in different companies and industries. SBI Magnum has a significant stock holding of high-growth companies due to which it is offering superb returns. The 96.8% of the total funds have been invested in the equity securities of companies falling majorly in the financial, healthcare, engineering, chemicals, construction, and FMCG sectors. It has also invested a certain amount of capital in the debt instruments for the purpose of maintaining return stability. The top holdings include Dixon Technologies, Carborundum Universal, Cholamandalam Invsts. & Fin., The Ramco Cement, Sheela Foam, and Manpasand Beverages. These companies have an outstanding market presence with world-class management and infrastructure facilities which are leading them towards greater success.
The investment objective of SBI Magnum Mid Cap Fund (G) is to provide long-term capital growth opportunities to the investors along with liquidity with the open-ended nature of investing. It has selectively chosen high-growth midcap companies and holds a diversified stock portfolio to create wealth over time. Being a growth-oriented plan, its primary focus is on appreciating capital rather than distributing income in the form of dividend and hence it is suitable for those who are willing to grow capital in the long-term tenure.
So, if you are looking for greater investment opportunities and want to grow your money with these high-growth midcap companies in India, then SBI Magnum Midcap Fund is the perfect solution for you. Buy the scheme right away through SIP or a lump sum investment and lead toward achieving your desired goals within time. We, at MySIPonline, are ready to cater to your investment needs; you just need to click a button to get started. So, are you ready?