Total Networth

596.75 Cr.

A mutual fund scheme from the house of SBI Mutual Fund asset management company, the SBI Magnum Midcap Fund is a high-risk equity fund launched in 2005. True to its name, the fund invests 65% or more of its capital in mid-cap Indian stocks. The remaining assets consist of large-cap and small-cap equity and debt. Totally, the fund has over Rs. 6,000 crores worth of total assets under management as of February 2024. A sectoral breakdown of the SBI Magnum Midcap Fund’s portfolio reveals a preference for sectors like food, beverages & tobacco., banking, textiles, oil & gas and transportation. Other sectors that the fund has invested in include automobiles and auto components, chemicals & petrochemicals, financial services and general industrials.