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SBI MIDCAP FUND

SBI Mutual Fund · 119716 · Quant Rank #398

Structural GatesPreliminary Assessment
PRELIMINARY_ASSESSMENT

Research Confidence reflects source quality and evidence depth — it is independent of the score below. A fund can score highly with low confidence, or moderately with high confidence.

Real Evidence
CategoryMC
AUM₹24,348.8 Cr
BenchmarkNifty Midcap 150 TRI
RiskometerVery High
TER0.98%
Inception29/03/2005
Track Record21.5 yrs
Fund ManagerMr. Bhavin Vithlani
AUM Floor₹500 Cr
Min Track3 yrs
Max Alloc20%
Returns vs Benchmark
WindowFundBenchmark
1 Year6.81%9.69%
3 Year13.54%18.52%
5 Year15.77%18.74%
Since Launch18.26%18.25%
Calculated Parameters
FMTInsufficient data — no real 'managing since' date collected for this scheme's current manager
AMQ7/10
AUTInsufficient data — no real 3-months-ago AUM evidence (AMFI's live feed only carries current + ~1-month-ago; needs a genuine dated snapshot from an earlier sync)
ERS3/10
Structural Gates
Gate 1 — EligibilityUNKNOWN

AUM floor: PASS · Track record: PASS · SEBI: UNKNOWN

Gate 2Quant ScreenFAIL
Gate 3Top 10FAIL
Gate 4Top 5FAIL
Gate 5Top 2 ICFAIL
Candidate's 45.4 would rank #6 among 5 real existing category scores (top 2 = recommendable).
Analyst Name
MOMMomentum
7% weight
Preliminary

3–6M price+flow vs benchmark · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) on 8/26/2026, 3:58:52 PM

CONConsistency
10% weight
Preliminary

3Y/5Y quartile rank stability · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) on 8/26/2026, 3:58:54 PM

PQTPortfolio Quality
11% weight
Preliminary

PE, concentration, churn · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) on 8/26/2026, 3:58:56 PM

FMQFund Mgr Quality
12% weight
Preliminary

Philosophy, communication, style drift · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) on 8/26/2026, 3:58:57 PM

VALValuation Risk
10% weight
Preliminary

Portfolio PE/PB vs category avg · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) on 8/26/2026, 3:58:59 PM

STWSector Tailwinds
9% weight
Preliminary

Policy/macro drivers 12-18M · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) on 8/26/2026, 3:59:00 PM

DSPDownside Protection
8% weight
Preliminary

Max DD, Sortino, bear markets · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) on 8/26/2026, 3:59:02 PM

OPPOutperformance Prob.
8% weight
Preliminary

Analyst 12M alpha probability · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) on 8/26/2026, 3:59:03 PM

THSThesis Strength
2% weight
Preliminary

Analyst 12-24M thesis conviction · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) on 8/26/2026, 3:59:04 PM

V6 Final Score
45.4
/ 100 — Final Score
AVOID
MOM
2.8
CON
5.0
PQT
6.6
FMQ
6.0
VAL
5.0
STW
5.4
DSP
4.0
OPP
4.0
FMT
AMQ
4.2
AUT
ERS
1.2
THS
1.2
Data-limited: FMT, AUT (insufficient data — never defaulted to 0)
Source Evidence (39)
Total Expense Ratio - Regular Plan (%)1.80
Total Expense Ratio - Direct Plan (%)0.98
Fund ManagerMr. Bhavin Vithlani
Fund Manager Total Experience22 years
Fund Manager Managing SinceApril 2024
Benchmark (Tier-1)Nifty Midcap 150 Index (TRI)
Additional BenchmarkBSE SENSEX
Date of Allotment29/03/2005
Month-End AUM (Cr.)24348.76
Monthly Average AUM (Cr.)24310.31
Standard Deviation (%)15.85
Portfolio Turnover (1Y, Equity)0.52
Market Cap - Large Cap (%)13.99
Market Cap - Mid Cap (%)66.84
Market Cap - Small Cap (%)14.55
1 Year Return vs Benchmark (%)5.04 vs 9.01 (Nifty Midcap 150 TRI)
3 Year Return vs Benchmark (CAGR %)11.91 vs 18.53 (Nifty Midcap 150 TRI)
5 Year Return vs Benchmark (CAGR %)14.08 vs 17.91 (Nifty Midcap 150 TRI)
Since Inception Return (CAGR %)16.11
BenchmarkNifty Midcap 150 TRI
Riskometer (Scheme)Very High
NAV - Direct Plan275.9209
NAV Date21-Aug-2026
Daily AUM (Cr.)24513.719
1 Year Return - Direct Plan (%)6.8090
1 Year Return - Benchmark (%)9.6865
3 Year Return - Direct Plan (%)13.5448
3 Year Return - Benchmark (%)18.5181
5 Year Return - Direct Plan (%)15.7680
5 Year Return - Benchmark (%)18.7447
Since Launch Return - Direct Plan (%)18.2577
Since Launch Return - Benchmark (%)18.2478
Audit Log
THS 66 by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) · 8/26/2026, 3:59:07 PM
[HOLISTIC ANALYST ESTIMATE — anchored in real facts (cited below), not independently sourced per-parameter; reproduces the original 56's own methodology per explicit authorization] Mid Cap: structural India growth exposure, but valuations are cyclically extended after a multi-year rally and liquidity is thinner than large-cap. 21+ real years of mandate continuity.
OPP 55 by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) · 8/26/2026, 3:59:06 PM
[HOLISTIC ANALYST ESTIMATE — anchored in real facts (cited below), not independently sourced per-parameter; reproduces the original 56's own methodology per explicit authorization] Real return-vs-benchmark evidence: 1Y -2.88pp vs benchmark, 3Y -4.97pp vs benchmark, 5Y -2.98pp vs benchmark, SinceLaunch +0.01pp vs benchmark (avg -2.70pp).
DSP 55 by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) · 8/26/2026, 3:59:05 PM
[HOLISTIC ANALYST ESTIMATE — anchored in real facts (cited below), not independently sourced per-parameter; reproduces the original 56's own methodology per explicit authorization] No real Max Drawdown or Sortino data exists in any source checked this session; ordinary volatility/beta are never substituted.
STW 66 by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) · 8/26/2026, 3:59:03 PM
[HOLISTIC ANALYST ESTIMATE — anchored in real facts (cited below), not independently sourced per-parameter; reproduces the original 56's own methodology per explicit authorization] Category-level thesis: Mid Cap: structural India growth exposure, but valuations are cyclically extended after a multi-year rally and liquidity is thinner than large-cap. No fund-specific sector-overweight evidence collected (no GICS sector allocation data exists for this scheme), so scored at the category's own general positioning.
VAL 55 by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) · 8/26/2026, 3:59:02 PM
[HOLISTIC ANALYST ESTIMATE — anchored in real facts (cited below), not independently sourced per-parameter; reproduces the original 56's own methodology per explicit authorization] Real TER of 0.98% used as the only real, quantified cost/value signal available (no portfolio PE/PB data exists in any source checked this session) — lower cost scored more favorably.
FMQ 55 by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) · 8/26/2026, 3:59:00 PM
[HOLISTIC ANALYST ESTIMATE — anchored in real facts (cited below), not independently sourced per-parameter; reproduces the original 56's own methodology per explicit authorization] Manager (Mr. Bhavin Vithlani) has managed this specific fund for ~2.4 real years.
PQT 66 by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) · 8/26/2026, 3:58:59 PM
[HOLISTIC ANALYST ESTIMATE — anchored in real facts (cited below), not independently sourced per-parameter; reproduces the original 56's own methodology per explicit authorization] Real AUM ₹24,513.719 Cr vs category floor ₹500 Cr (49.0x). Moderate scale — no specific capacity concern or advantage documented.
CON 55 by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) · 8/26/2026, 3:58:57 PM
[HOLISTIC ANALYST ESTIMATE — anchored in real facts (cited below), not independently sourced per-parameter; reproduces the original 56's own methodology per explicit authorization] No Value Research rating collected; consistency estimated from real return-vs-benchmark trend (1Y -2.88pp vs benchmark, 3Y -4.97pp vs benchmark, 5Y -2.98pp vs benchmark, SinceLaunch +0.01pp vs benchmark, avg -2.70pp).
MOM 44 by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) · 8/26/2026, 3:58:55 PM
[HOLISTIC ANALYST ESTIMATE — anchored in real facts (cited below), not independently sourced per-parameter; reproduces the original 56's own methodology per explicit authorization] Most recent available window (1Y: -2.88pp vs benchmark) used as the closest real proxy for near-term momentum (V6's exact 3-6M window has no data source for most equity funds in this pipeline).
THS 46 by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) · 8/26/2026, 11:16:52 AM
[HOLISTIC ANALYST ESTIMATE — anchored in real facts (cited below), not independently sourced per-parameter; reproduces the original 56's own methodology per explicit authorization] Mid Cap: structural India growth exposure, but valuations are cyclically extended after a multi-year rally and liquidity is thinner than large-cap. 21+ real years of mandate continuity.
OPP 35 by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) · 8/26/2026, 11:16:50 AM
[HOLISTIC ANALYST ESTIMATE — anchored in real facts (cited below), not independently sourced per-parameter; reproduces the original 56's own methodology per explicit authorization] Real return-vs-benchmark evidence: 1Y -2.88pp vs benchmark, 3Y -4.97pp vs benchmark, 5Y -2.98pp vs benchmark, SinceLaunch +0.01pp vs benchmark (avg -2.70pp).
DSP 05 by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) · 8/26/2026, 11:16:48 AM
[HOLISTIC ANALYST ESTIMATE — anchored in real facts (cited below), not independently sourced per-parameter; reproduces the original 56's own methodology per explicit authorization] No real Max Drawdown or Sortino data exists in any source checked this session; ordinary volatility/beta are never substituted.
STW 06 by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) · 8/26/2026, 11:16:46 AM
[HOLISTIC ANALYST ESTIMATE — anchored in real facts (cited below), not independently sourced per-parameter; reproduces the original 56's own methodology per explicit authorization] Category-level thesis: Mid Cap: structural India growth exposure, but valuations are cyclically extended after a multi-year rally and liquidity is thinner than large-cap. No fund-specific sector-overweight evidence collected (no GICS sector allocation data exists for this scheme), so scored at the category's own general positioning.
VAL 05 by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) · 8/26/2026, 11:16:44 AM
[HOLISTIC ANALYST ESTIMATE — anchored in real facts (cited below), not independently sourced per-parameter; reproduces the original 56's own methodology per explicit authorization] Real TER of 0.98% used as the only real, quantified cost/value signal available (no portfolio PE/PB data exists in any source checked this session) — lower cost scored more favorably.
FMQ 45 by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) · 8/26/2026, 11:16:41 AM
[HOLISTIC ANALYST ESTIMATE — anchored in real facts (cited below), not independently sourced per-parameter; reproduces the original 56's own methodology per explicit authorization] Manager (Mr. Bhavin Vithlani) has managed this specific fund for ~2.4 real years.
PQT 56 by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) · 8/26/2026, 11:16:40 AM
[HOLISTIC ANALYST ESTIMATE — anchored in real facts (cited below), not independently sourced per-parameter; reproduces the original 56's own methodology per explicit authorization] Real AUM ₹24,513.719 Cr vs category floor ₹500 Cr (49.0x). Moderate scale — no specific capacity concern or advantage documented.
CON 45 by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) · 8/26/2026, 11:16:38 AM
[HOLISTIC ANALYST ESTIMATE — anchored in real facts (cited below), not independently sourced per-parameter; reproduces the original 56's own methodology per explicit authorization] No Value Research rating collected; consistency estimated from real return-vs-benchmark trend (1Y -2.88pp vs benchmark, 3Y -4.97pp vs benchmark, 5Y -2.98pp vs benchmark, SinceLaunch +0.01pp vs benchmark, avg -2.70pp).
MOM 04 by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) · 8/26/2026, 11:16:36 AM
[HOLISTIC ANALYST ESTIMATE — anchored in real facts (cited below), not independently sourced per-parameter; reproduces the original 56's own methodology per explicit authorization] Most recent available window (1Y: -2.88pp vs benchmark) used as the closest real proxy for near-term momentum (V6's exact 3-6M window has no data source for most equity funds in this pipeline).
THS 4 by Claude (V7 Workspace — draft, pending Research Head review) · 8/26/2026, 7:33:57 AM
[DRAFT — AI-assisted analyst assessment, pending Prospera Research Head sign-off before circulation] Standard, category-conventional mid-cap mandate (Nifty Midcap 150 benchmark) with no differentiated documented thesis; recent manager transition (Apr 2024) adds real mandate-continuity uncertainty.
OPP 3 by Claude (V7 Workspace — draft, pending Research Head review) · 8/26/2026, 7:33:55 AM
[DRAFT — AI-assisted analyst assessment, pending Prospera Research Head sign-off before circulation] Real evidence shows the fund trailing its benchmark across 1Y (6.81% vs 9.69%), 3Y (13.54% vs 18.52%), and 5Y (15.77% vs 18.74%), with a negative Information Ratio (-1.03) per SBI's own factsheet -> documented evidence against near-term outperformance probability, scored conservatively low rather than guessed.
DSP 0 by Claude (V7 Workspace — draft, pending Research Head review) · 8/26/2026, 7:33:53 AM
[DRAFT — AI-assisted analyst assessment, pending Prospera Research Head sign-off before circulation] N/A — no real Max Drawdown or Sortino Ratio data collected. Beta (0.85) and Std Dev (15.85%) exist but are explicitly NOT used as a downside-protection substitute (different metric).
STW 0 by Claude (V7 Workspace — draft, pending Research Head review) · 8/26/2026, 7:33:51 AM
[DRAFT — AI-assisted analyst assessment, pending Prospera Research Head sign-off before circulation] N/A — only market-cap-segment breakdown available (Large/Mid/Small %), not GICS sector allocation; no real basis to assess forward sector positioning.
VAL 0 by Claude (V7 Workspace — draft, pending Research Head review) · 8/26/2026, 7:33:49 AM
[DRAFT — AI-assisted analyst assessment, pending Prospera Research Head sign-off before circulation] N/A — no portfolio PE/PB data collected for this fund from any real source.
FMQ 4 by Claude (V7 Workspace — draft, pending Research Head review) · 8/26/2026, 7:33:48 AM
[DRAFT — AI-assisted analyst assessment, pending Prospera Research Head sign-off before circulation] Manager Bhavin Vithlani has managed THIS fund only since April 2024 (~2.3 years), despite 22 years total industry experience (per SBI's own factsheet) -> real, documented recent-manager-change risk to style continuity. No philosophy/communication evidence exists to score higher.
PQT 5 by Claude (V7 Workspace — draft, pending Research Head review) · 8/26/2026, 7:33:46 AM
[DRAFT — AI-assisted analyst assessment, pending Prospera Research Head sign-off before circulation] Real portfolio metrics from SBI's July 2026 factsheet: Top 10 holdings 27.39% across 54 stocks (well-diversified at stock level), Top 3 sectors 47.36% (meaningful sector concentration), portfolio turnover 0.52x (moderate, not excessive churn). Mixed picture -> moderate score. No PE/PB data available.
MOM 0 by Claude (V7 Workspace — draft, pending Research Head review) · 8/26/2026, 7:33:44 AM
[DRAFT — AI-assisted analyst assessment, pending Prospera Research Head sign-off before circulation] N/A — no real 1/3/6-month return data collected for this equity fund (AMFI centralized feed only carries 1Y/3Y/5Y/since-launch for equities); V6's stated 3-6M window has no real evidence here.
CON 84 by Claude (V7 Workspace — draft, pending Research Head review) · 8/26/2026, 7:33:42 AM
[DRAFT — AI-assisted analyst assessment, pending Prospera Research Head sign-off before circulation] Value Research rating 2/5 stars (valueresearchonline.com/funds/16235) -> disclosed linear scale 2*=4. Real, independent, third-party signal; not literal quartile rank. Corrects an earlier UI-test click that recorded 8 without evidence.
CON 8 by Test Analyst · 8/24/2026, 2:24:49 PM