Investment Objective and Approach

The scheme aims to provide investors with opportunities for long term growth in capital along with the liquidity of an open-ended scheme by investing predominantly in a well-diversified basket of equity stocks of Midcap companies. The main objective of the SBI Magnum Midcap Fund Direct Growth is to offer investors the chance for long-term capital growth, coupled with the liquidity provided by an open-ended scheme. To achieve this, the fund primarily invests in a diversified selection of equity stocks from mid-cap companies, carefully balancing potential returns with associated risks.

The fund follows a systematic investment approach by focusing on midcap companies with strong growth potential. Mid-cap stocks, typically having a market capitalisation between ₹5,000 and ₹20,000 crore, can offer significant growth potential but also bring a level of risk. The fund employs both quantitative and qualitative analysis to identify investment opportunities across various sectors while maintaining appropriate diversification.

Fund Managers

The SBI Midcap Fund is professionally managed by experienced fund managers:

Saurabh Pant

Saurabh Pant has over 16 years' experience in capital markets. He joined SBI Funds Management Limited as a research analyst and currently manages equity funds. Saurabh is a Commerce graduate and holds a Master's Degree in Business Economics from the University of Delhi. He has been associated with SBI Mutual Fund since 2007.

Pradeep Kesavan

Mr. Kesavan has done B.Com, MBA (Finance) and CFA. Prior to joining SBI MF, he has worked with Elara Capital, Accenture Strategy, Morgan Stanley and 3i Infotech.

Both fund managers bring extensive market experience and analytical expertise to the fund's management, ensuring disciplined investment decisions aligned with the fund's long-term objectives.

About the Fund House (AMC)

SBI Mutual Fund is one of India's most established and reputable asset management companies. The SBI Mutual Fund is a Joint Venture (JV) between one of India's largest and most profitable banks, the State Bank of India, and Amundi, which is a French asset management company. The SBI Mutual Fund was set up on June 29, 1987 and was incorporated on February 7, 1992. It was India's second Mutual Fund after the Unit Trust of India started operations in 1963.

Key highlights of SBI Mutual Fund include:

- As of March 2024, the SBI Mutual Fund manages assets worth Rs. 9.14 lakh crores.

- In early 2019, it moved past Aditya Birla and HDFC Mutual Funds to emerge as the 3rd largest Mutual Fund body in India based on Assets under Management or AUM.

- The SBI MF is registered with the Securities and Exchange Board of India or SEBI.

The fund house has a proven track record of 37+ years in fund management and offers a comprehensive range of investment solutions across equity, debt, and hybrid categories.

Should I Invest in SBI Midcap Fund?

The SBI Midcap Fund is suitable for investors with specific risk profiles and investment goals:

Who Should Consider This Fund:

- Investors with high risk tolerance willing to accept volatility for potentially higher returns

- The fund is an ideal fit for investors who are ready to commit their capital for at least 3 to 4 years and are looking for high returns.

- Warning: Do not invest in this, or any other mid-cap fund, if you need to redeem your investment in less than seven years.

Investment Considerations:

- Compared to those that invest in larger companies, such funds tend to fall more when stock prices fall. So while you can expect higher returns in the long term, there will be more severe ups and downs along the way.

- Like for all equity funds, you must invest only through the SIP route.

- The fund has delivered an annualised return of 25.82% over the past five years as of 20-Aug-2025.

Key Financial Metrics:

- Latest NAV: ₹258.6295 as of Aug 20 2025

- AUM: ₹22546.5 crore

- Expense Ratio: 0.84%

- Since Inception Returns: CAGR of 19.23 since inception (launched on Jan 01 2013)

- Minimum SIP: ₹500

FAQs

What is today's NAV of SBI Midcap Fund?

The latest NAV of SBI Midcap Fund is ₹258.6295 as of August 20, 2025. NAV is updated daily based on market movements and portfolio performance.

What is the AUM of SBI Midcap Fund?

The Assets Under Management (AUM) of SBI Midcap Fund is ₹22,546.5 crore. This indicates the total market value of all investments held by the fund.

What is the expense ratio of SBI Midcap Fund?

The expense ratio of SBI Midcap Fund is 0.84%. This represents the annual fee charged by the fund house for managing your investments and is deducted from the fund's returns.

What are the returns of SBI Midcap Fund since inception?

SBI Midcap Fund has delivered a CAGR of 19.23% since its inception in January 2013. The fund has also generated an annualized return of 25.82% over the past five years as of August 2025.

What is the minimum SIP amount to invest in SBI Midcap Fund?

The minimum SIP amount for SBI Midcap Fund is ₹500 per month. You can also invest a lump sum with a minimum investment of ₹5,000.

How do I invest in SBI Midcap Fund?

You can invest in SBI Midcap Fund through Allvest's platform by completing your KYC, selecting the fund, and choosing between SIP or lump sum investment. The process is completely digital and paperless.

How to start a SIP in SBI Midcap Fund?

To start a SIP in SBI Midcap Fund through Allvest, log into your account, select the fund, choose SIP option, set your monthly amount (minimum ₹500), and schedule the investment date.

How do I automate an SIP in SBI Midcap Fund?

You can automate your SIP by setting up an auto-debit mandate with Allvest. This ensures your SIP amount is automatically debited from your bank account on the chosen date each month.

How can I withdraw/redeem my investment in SBI Midcap Fund?

You can redeem your investment in SBI Midcap Fund through Allvest's platform by submitting a redemption request. The proceeds will be credited to your registered bank account within 3-4 working days after processing.