Top 3 contra MFs with highest annualised SIP returns in 5 years: SBI mutual fund has converted Rs 25,000 monthly SIP into Rs 36 lakh; know what others have done
In the contra mutual fund category, the fund manager invests in stocks whose performance is contrary to prevailing market sentiments. The fund manager invests stocks, which may be undervalued, but have future potential to gain value. This is a risky strategy but pays reward if the fund manager picks the right set of stocks.
Top contra SIP mutual funds in 5 years: This is an equity mutual fund category where the fund manager invests in stocks that are contrary to prevailing market sentiments and conditions. The fund manager invests in such stocks, which are undervalued, since they think that these stocks have future potential and will gain their value in time to time. This is a risky strategy but pays reward if the fund manager picks the right set of stocks. As of today, only three contra funds are running. However, all 3 funds have been performing well for 5 years. Here, we take you through the journey of all three funds in terms of annualised SIP (XIRR) and lump sum (CAGR) returns in 5 years, and get to know what Rs 25,000 monthly SIP and Rs 2 lakh lump sum investment in each fund has given in that period.
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SBI Contra Fund
SBI Contra Fund
The fund has 91.37 per cent of its investments in equity, of which 48.32 per cent are in large cap stocks, 27.16 per cent in mid cap stocks, and 15.87 per cent in small cap stocks.
In a large portfolio of 94 stocks, the fund has Nifty Bank, HDFC Bank, Kotak Mahindra Bank, and GAIL (India) as its main holdings.
SBI Contra Fund
SBI Contra Fund
Kotak India EQ Contra Fund Direct-Growth
The fund has given 29.50 per cent annualised SIP returns in 5 years. Its lump sum returns in the same period are 25.83 per cent. It has an asset base of Rs 3,500 crore, while its NAV price is Rs 169.45. Benchmarked against NIFTY 500 TRI, the fund has given 18.51 per cent annualised returns since its inception in January 2013.
Kotak India EQ Contra Fund Direct-Growth
The fund has 98.75 per cent of its investments in equity, of which 64.44 per cent are in large cap stocks, 16.74 per cent in mid cap stocks, and 17.57 per cent in small cap stocks.
In a portfolio of 68 stocks, the fund has HDFC Bank, ICICI Bank, Reliance Industries Limited, and Infosys as its main holdings.
Kotak India EQ Contra Fund Direct-Growth
Kotak India EQ Contra Fund Direct-Growth
Invesco India Contra Fund Direct-Growth
The fund has had a 27.67 per cent annualised SIP return in 5 years. During the same time, the fund's annualised lump return is 25.09 per cent. The fund has an asset base of Rs 16,188 crore, while its NAV rate is Rs 148.01. Benchmarked against BSE 500 TRI, the fund has given a 20.17 per cent annualised return since its launch in January 2013.