Top 3 Contra Mutual Funds With Best SIP Returns in 3 Years: Rs 21,000 monthly SIP investment in No. 1 fund is now worth Rs 12,00,878

Top 3 contra mutual funds with best SIP returns in 3 years: In contra mutual funds, the fund manager follows a contrarian style of investing where they invest against the existing market trends.

They buy stocks that are underperformers but will get value in the future.

These stocks can be fundamentally strong and are facing temporary setbacks.

So, the fund may not perform well during market rallies, but they bank on their mispricing and have the potential to perform well in the long term.

As per Securities Exchange Board of India's (Sebi) categorisation for mutual funds, contra funds need to have at least 65 per cent of their investments in equity or equity-related companies. 

In this write-up, we take you through the top 3 contra mutual funds with highest annualised SIP returns in 3 years.

Also know how a Rs 21,000 monthly SIP investment in each fund has grown during the same period.

Invesco India Contra Fund Direct-Growth

The fund has given a 28.44 per cent annualised SIP return in the 3-year period.

It has assets under management (AUM) of Rs 18,019 crore, while its net asset value (NAV) is Rs 155.44.  

Benchmarked against BSE 500 TRI, the fund has given a 19.89 per cent annualised return since its beginning in January 2013.

With an expense ratio of 0.52 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment. 

A Rs 21,000 monthly SIP investment in 3 years, or a total investment of Rs 7,56,000, in the fund has grown to Rs 12,00,877.28.

Kotak India EQ Contra Fund Direct-Growth

The fund has given a 26.91 per cent annualised SIP return in 3 years.

It has an AUM of Rs 4,034 crore, while its NAV is Rs 169.95.  

Benchmarked against NIFTY 500 TRI, the fund has given a 17.84 per cent annualised return since its start in January 2013.

At an expense ratio of 0.55 per cent, the fund has Rs 1,000 as the minimum SIP investment and Rs 5,000 as the minimum lump sum investment. 

A Rs 21,000 monthly SIP investment in the fund in 3-year period has jumped to Rs 11,69,953.55.

SBI Contra Direct Plan-Growth
 

The fund has given a 25.80 per cent annualised SIP return in the 3-year time frame.

It has an AUM of Rs 41,907 crore, while its NAV is Rs 405.61. 

Benchmarked against BSE 500 TRI, the fund has given a 17.3 per cent annualised return since its inception in January 2013.

With an expense ratio of 0.57 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 5,000 as the minimum lump sum investment. 

A Rs 21,000 monthly SIP investment in the fund in 3 years has sprung to Rs 11,48,111.74.