3-year returns (%)5-year returns (%)10-year returns (%)SBI Magnum Midcap Fund4.1212.5514.2Category10.6213.3616.57Benchmark (S&P BSE 150 MidCap TRI12.0914.4914.57SBI Magnum Midcap Fund has been severely under performing for quite a long time. The scheme has underperformed its category and benchmark in the last three-year, five- and 10-year periods. The long-term underperformance of the scheme can be seen in the table below:CAGR returns as on June 12, 2019SBI Magnum Midcap Fund was launched in March 2005 and manages AUM worth Rs 3,670 crore as on May 31, 2019. The scheme has given a return of 15 per cent since its launch.Mutual fund advisors believe fund managers play a much bigger role in mid cap funds than large cap funds. They say fund managers have to take right calls at the right time to make gains for their investors.“The portfolio of the scheme looks diversified.

Source: Economic Times June 13, 2019 06:59 UTC