SBI Magnum Midcap Fund Review 2025: Is It the Right Mid-Cap Investment for You?
Looking to invest in mid-cap mutual funds with high growth potential? The SBI Magnum Midcap Fund is one of India’s leading mid-cap equity funds offering impressive long-term returns. In this detailed review, we’ll cover everything you need to know — from its performance, risk level, and investment strategy to frequently asked questions.
What is SBI Magnum Midcap Fund?
The SBI Magnum Midcap Fund is a mid-cap equity mutual fund launched in March 2005 by SBI Mutual Fund. It primarily invests in mid-sized companies that have the potential to grow faster than large-cap stocks, aiming to provide long-term capital appreciation for investors willing to take on higher risk.
Why Choose SBI Magnum Midcap Fund?
- Strong Track Record: Offers an average annual return of around 16.67% since inception and about 31.15% over the past 5 years.
- Diversified Mid-Cap Portfolio: Invests in a wide range of mid-cap stocks across sectors to balance risk and growth.
- Managed by Experts: Handled by experienced fund managers from SBI Mutual Fund, one of India’s largest asset management companies.
- Suitable for Long-Term Investors: Ideal for investors with at least a 5-7 year horizon and a high-risk tolerance.
SBI Magnum Midcap Fund Quick Facts
| Feature | Details |
|---|---|
| Fund Category | Mid-Cap Equity |
| Launch Date | March 29, 2005 |
| Assets Under Management (AUM) | Approx. ₹21,500 Crore (2025) |
| Expense Ratio | Around 1.66% |
| Risk Level | Very High |
| Minimum Investment | ₹5,000 lump sum, ₹500 SIP |
Frequently Asked Questions (FAQs) about SBI Magnum Midcap Fund
- What type of fund is SBI Magnum Midcap?
A mid-cap equity mutual fund. - Is it suitable for beginners?
Suitable if you have a high-risk appetite and a long-term view. - What is the minimum investment?
₹5,000 lump sum or ₹500 SIP. - Can NRIs invest?
Yes, NRIs are eligible. - What is the fund’s benchmark?
Typically Nifty Midcap 150 TRI or a similar index. - How risky is this fund?
Very high due to mid-cap exposure. - What is the expense ratio?
Around 1.66%. - Can I invest via SIP?
Yes, SIP option is available. - Is there a lock-in period?
No lock-in. - What is the ideal investment horizon?
5-7 years or more. - How often is the fund reviewed?
Regularly by the fund manager. - What are the tax implications?
10% LTCG tax on gains above ₹1 lakh; 15% STCG. - How can I track NAV?
Via SBI Mutual Fund website or financial apps. - Can I switch from other funds?
Yes, switching is allowed. - What sectors does it invest in?
Diverse sectors with growth potential in mid-caps. - Is it better than large-cap funds?
Higher growth but higher risk. - Can I redeem anytime?
Yes, as it is an open-ended fund. - How does the fund pick stocks?
Through fundamental research and growth potential analysis. - Is past performance a guarantee?
No, market risks apply. - Where can I invest?
Through SBI AMC website, online brokers, or financial advisors.
Final Verdict: Should You Invest in SBI Magnum Midcap Fund?
If you’re looking for high growth potential and can tolerate market volatility, SBI Magnum Midcap Fund is a solid choice for mid-cap equity exposure. It suits investors with a long-term investment horizon who want to diversify beyond large-cap stocks. Remember, consult a financial advisor to ensure it aligns with your personal financial goals.
