December 29, 2025
RA Jainee
SBI Midcap Fund
| Fund at a Glance | |
| NAV Growth | Rs 263.19 |
| NAV Bonus | — |
| NAV IDCW | Rs 149.21 |
| Min. Investment (Rs.) | 5,000 |
| Min. SIP Investment (Rs.) | 500 |
| Min. No of Cheques | 12 |
| Benchmark | NIFTY Midcap 150 TRI |
| AUM Rs. | 23,360 Cr |
| (As on 30-Nov-2025) | |
| Expense | 0.84% |
| 1 Year Return (%) | 0.82 |
| 3 Year Return (%) | 18.73 |
| 5 Year Return (%) | 21.93 |
| 10 Year Return (%) | 15.45 |
| Return Since Launch | 18.82% |
⚖️ Sahifund Review — SBI Midcap Fund ✓
PLUS: Stability, track record, cost efficiency
SBI Midcap Fund brings a decade-plus track record (since 2013) with consistent participation in India’s midcap growth story. Long-term returns remain respectable, with ~22% over 5 years and ~15% over 10 years, reflecting steady compounding across cycles. The portfolio maintains a clear midcap bias (75%+), aligning well with the category mandate. Backed by SBI Mutual Fund, the fund benefits from strong research depth and robust risk controls.
MINUS: Large AUM, large-cap bias, momentum lag
With assets above Rs. 23,000 Cr, agility during sharp midcap rallies can be constrained. Short-term performance has lagged peers, evident in muted 1-year returns. Expense ratio is higher than several competitors, impacting net returns. Portfolio valuations are relatively rich, which can amplify drawdowns during market corrections.
Decisive Line (Sahifund View):
Best suited for patient SIP investors (7+ years) seeking a conservative, institutionally managed midcap fund rather than aggressive, momentum-led outperformers.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
When you invest for seven years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options.
This is a fund that invests in medium-sized companies. 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.
Fund’s Investment Strategy:
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.
Fund Manager:
1) Bhavin Vithlani
Education: Mr. Vithlani is a MMS (Finance)
Experience: Prior to joining SBI Mutaul Fund, he has worked with Axis Capital Limited and Tower Capital & Securities Private Limited.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 1,000 |
| Lock-in Period | NA |
| Exit Load | 0.25% for redemption within 30 days |
| 0.1% for redemption after 30 days and within 90 days |
Basic Details of SBI Midcap Fund
| Fund House | SBI Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 18.82% |
| Benchmark | NIFTY Midcap 150 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 23,360 Cr |
| (As on 30-Nov-2025) | |
| Expense | 0.84% |
| (As on 30-Nov-2025) | |
| Risk Grade | Below Average |
| Return Grade | Below Average |
| Turnover | 41.00% |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| SBI Midcap Dir | 0.31 | -0.12 | -0.96 | 4.60 | -1.22 | 0.82 | 18.73 | 21.93 | 19.88 | 15.45 |
| BSE 150 MidCap TRI | 3.31 | -0.22 | -1.13 | 4.43 | 1.84 | 3.65 | 23.80 | 23.89 | 20.66 | 17.97 |
| Equity: Mid Cap | 2.75 | -0.34 | -1.49 | 4.38 | 1.11 | 2.92 | 23.27 | 22.98 | 20.40 | 17.26 |
| Rank within category | 35 | 3 | 7 | 32 | 41 | 35 | 34 | 17 | 12 | 16 |
| Number of funds in category | 48 | 57 | 55 | 54 | 52 | 48 | 40 | 25 | 22 | 19 |
Peer Comparison of SBI Midcap Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| SBI Midcap Dir | 3 star | 0.82 | 18.73 | 21.93 | 0.84 | 23,360 | 18.82 | 0.25 (30) | 12Y 11M | 41.00 |
| HDFC Mid Cap Dir | 5 star | 7.22 | 26.78 | 26.48 | 0.71 | 92,169 | 20.96 | 1.00 (365) | 12Y 11M | 13.07 |
| Kotak Midcap Dir | 4 star | 2.88 | 23.06 | 24.31 | 0.37 | 60,480 | 20.51 | 1.00 (365) | 12Y 11M | 24.73 |
| Nippon India Growth Mid Cap Dir | 4 star | 4.44 | 26.30 | 25.99 | 0.73 | 42,042 | 18.56 | 1.00 (30) | 12Y 11M | 6.00 |
| Motilal Oswal Midcap Dir | 5 star | -10.08 | 27.18 | 29.39 | 0.72 | 38,003 | 22.80 | 1.00 (365) | 11Y 10M | 124.00 |
Portfolio Analysis of SBI Midcap Fund
| No. of Stocks | 52 |
| Top 10 Stocks | 30.92% |
| Top 5 Stocks | 17.12% |
| Top 3 Sectors | 55.03% |
| Portfolio P/B Ratio | 4.46 |
| Portfolio P/E Ratio | 33.91 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 57,382 | 64,456 |
| Giant (%) | 5.54 | 5.25 |
| Large (%) | 17.51 | 40.03 |
| Mid (%) | 75.48 | 55.71 |
| Small (%) | 1.47 | 4.06 |
| Tiny (%) | — | 2.05 |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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