ReviewDirect · GrowthPrefer peers first
SBI MIDCAP FUND
SBI Mutual FundEquity Scheme - Mid Cap Fund13.8 years
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.
- NAV
- 249.7708
- 31 Oct 2026
- 1Y
- -4.7%
- Trailing CAGR
- Upside capture
- +85%
- Vs NIFTY MIDCAP 150 TRI
- Downside capture
- +87%
- Lower is better
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 31 Oct 2026
Stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
In three lines
Watch if · Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
Watch if · Three-year return sits below the 25th percentile of comparable share classes.
Prefer peers if · Prefer Baroda BNP Paribas Mid Cap Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Fail
The live read flags issues. Inspect same-category alternatives before buying.
Expense ratio
Pass
1.02% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Watch
Peak-to-trough -43.1%. Ask whether you can hold through a similar fall.
Vs category
Watch
55% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Bhavin Vithlani · 2.6 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 28.3% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 43%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Review does not mean stop the SIP tomorrow - compare peers first. Stopping on a red label often locks in the worst path.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y-4.7%
- 3Y+8.8%
- 5Y+11.2%
- 10Y+12.8%
- SI+17.1%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-8.4%
- 3Y+0.3%
- 5Y+8.2%
- 10Y+14.7%
- Since inception
- +17.1%
- Calendar-day CAGR
- Excess 1Y
- -2.7%
- Category median, same plan and option
- 3Y win rate
- +55%
- Windows beating the median
- 3Y percentile
- 6
- Vs comparable share classes
- SIP 3Y XIRR
- +0.3%
- Simulated monthly SIP
- Worst rolling 3Y
- -11.0%
- 2663 daily-ending windows
- Median rolling 3Y
- +19.5%
- Calendar-day CAGR
- Positive rolling 5Y
- +99%
- 2170 daily-ending windows
Official benchmark
Date-aligned against NIFTY MIDCAP 150 TRI. Capture ratios use common month-end observations through 30 Oct 2026.
- 1Y excess
- -0.4%
- Fund minus TRI
- 3Y excess
- -4.9%
- Fund minus TRI
- Upside capture
- +85%
- Benchmark-up months
- Downside capture
- +87%
- Lower is better
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -43.1%
- Worst peak-to-trough
- Current
- -10.6%
- Below last peak
- Current spell
- 767 days
- Days below latest peak
- Time below peak
- +87%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 10 days
- 149 recovered episodes
- Longest recovery
- 252 days
- Trough to prior peak
9 Jan 2018 – 1 Dec 2020
Trough 24 Mar 2020 · recovered in 252 days
-43.1%
3 Jan 2013 – 20 Nov 2013
Trough 28 Aug 2013 · recovered in 84 days
-20.5%
24 Sept 2024 – open
Trough 28 Feb 2025 · not recovered
-17.9%
17 Jan 2022 – 30 Aug 2022
Trough 20 Jun 2022 · recovered in 71 days
-17.3%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
6
Vs category
33
Consistency
51
Risk-adjusted
63
Drawdown
0
Mean
31
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Review
Buying stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
Why this status
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
- Three-year return sits below the 25th percentile of comparable share classes.
- Maximum drawdown exceeded 35%.
Supporting reads
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
30 Sept 2026 · 59 holdings · top 10 are 28.3%.
- Top 5
- 15.3%
- Top 10
- 28.3%
- Largest holding
- 3.5%
- Effective holdings
- 48.9
Torrent Power Ltd
Energy & Utilities
3.5%
Multi Commodity Exchange Of India Ltd
Financial
3.1%
Supreme Industries Ltd
Materials
3.0%
Crisil Ltd
Industrials
2.9%
SRF Ltd
Materials
2.9%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
31 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
29 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
28 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
19 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
16 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
24 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
21 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
18 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
17 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
16 Sept 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Baroda BNP Paribas Mid Cap Fund
Baroda BNP Paribas Mutual Fund
- 1Y
- +0.8%
- 3Y
- +15.3%
- Vol
- 14.5%
- Max DD
- -18.6%
- Sharpe
- 0.70
- 3Y win
- +97%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Edelweiss Mid Cap Fund
Edelweiss Mutual Fund
- 1Y
- -2.0%
- 3Y
- +19.0%
- Vol
- 17.1%
- Max DD
- -39.2%
- Sharpe
- 0.78
- 3Y win
- +100%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility
HDFC Mid Cap Fund
HDFC Mutual Fund
- 1Y
- -3.0%
- 3Y
- +15.6%
- Vol
- 15.6%
- Max DD
- -39.5%
- Sharpe
- 0.86
- 3Y win
- +76%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility
ITI Mid Cap Fund
ITI Mutual Fund
- 1Y
- -1.3%
- 3Y
- +17.7%
- Vol
- 16.4%
- Max DD
- -22.7%
- Sharpe
- 0.67
- 3Y win
- +100%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility
Tata Mid Cap Fund
Tata Mutual Fund
- 1Y
- -2.7%
- 3Y
- +13.5%
- Vol
- 16.2%
- Max DD
- -35.1%
- Sharpe
- 0.77
- 3Y win
- +71%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility