Top 3 Contra and Top 3 Value Funds With Best SIP Returns in 5 Years: No. 1 scheme has converted Rs 11,111 monthly SIP investment into 14,79,534; know about others
Top 3 contra and top 3 value funds in 5 years: Contra and value funds nearly follow the same strategy where they pick underperforming stocks that may perform better in the long run. As per a Sebi rule, a fund house can have either a contra fund or a value fund.
Top 3 contra and top 3 value funds in 5 years: Contra funds follow the contrarian market strategy, while value funds buy undervalued stocks that can recover in the future. Know how both funds operate; which are the top 3 contra and top 3 value funds on the basis of annualised SIP return (XIRR) in 5 years, and what are the returns investors have in those funds on a Rs 11,111 monthly SIP investment for 5 years?
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What are contra funds?
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Contra funds take a contrarian view of the market where they pick underperforming stocks and sectors at low prices. The fund manager picks them as they believe these stocks will perform better in the long run. Such stocks can be defensive or beaten-down stocks. The category is risky since the manager's calls to pick stocks can go wrong. Sometimes, their stock analyses may not deliver favourable results because of external factors in the international market or geopolitical factors. Contra funds need to have at least 65 per cent of their investments in stocks.
What are value funds?
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Top 3 contra funds in 5 years
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The fund has given 28.50 per cent annualised SIP return in the 5-year period.
It has assets under management (AUM) of Rs 42,181 crore, while its net asset value (NAV) is Rs 388.38.
Benchmarked against BSE 500 TRI, the fund has given 16.79 per cent annualised return since its inception in January 2013.
SBI Contra Direct Plan-Growth
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Kotak India EQ Contra Fund Direct-Growth
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The fund has given 22.88 per cent annualised SIP return the 5-year time frame.
It has assets under management (AUM) of Rs 3,986 crore, while its net asset value (NAV) is Rs 157.92.
Benchmarked against NIFTY 500 TRI, the fund has given 17.03 per cent annualised return since its launch in January 2013.
Kotak India EQ Contra Fund Direct-Growth
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Invesco India Contra Fund Direct-Growth
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Invesco India Contra Fund Direct-Growth
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Top 3 value funds in 5 years
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JM Value Fund Direct Plan-Growth
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HSBC Value Fund Direct-Growth
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HSBC Value Fund Direct-Growth
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ICICI Prudential Value Discovery Direct-Growth
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