Top 3 Contra Mutual Funds With Highest SIP Returns in 5 Years: No. 1 fund from SBI has turned Rs 11,000 monthly SIP into Rs 16.32 lakh; know how others have done
Top Contra SIP Mutual Funds: SBI Contra Direct Plan-Growth tops the category with 37.24 per cent annualised SIP returns in the 5-year time frame. The fund has assets under management (AUM) of Rs 37,846 crore, while its net asset value (NAV) as on August 27, 2204, is Rs 428.0505.
Top Contra SIP Mutual Funds: Contra mutual funds are equity funds where the fund managers invest in stocks which are working against prevailing trends and market sentiment. These are stocks which may be undervalued at the time of investment, but are expected to rise in the future. The strategy is risky, but if executed thoughtfully, it will help the mutual fund scheme generate good returns in the long run. There are only 3 contra mutual funds running at present. We will discuss each of them, and will also show you what Rs 11,000 monthly SIP in each fund has given in 5 years.
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SBI Contra Direct Plan-Growth
The contra fund from the House of SBI Mutual Fund tops the category with 37.24 per cent anualised SIP returns in the 5-year time frame. The fund has assets under management (AUM) of Rs 37,846 crore, while its net asset value (NAV) as on August 27, 2204, is Rs 428.0505.
SBI Contra Direct Plan-Growth
Benchmarked against BSE 500 TRI, the fund has given 18.43 per cent annualised return (CAGR) since its inception in January 2013. With an expense ratio of 0.59 per cent, the fund has Rs 5,000 as the minimum lump sum investment, and Rs 500 as the minimum SIP investment.
SBI Contra Direct Plan-Growth
The fund's 89.64 per cent investments are in equity, 5.76 per cent in debt, and 4.59 per cent in others. In a 95-stock portfolio, the fund has GAIL (India), Nifty Bank, Kotak Mahindra, and Indus Towers as the main holdings.
A Rs 11,000 monthly SIP in the fund in 5 years, or a total of Rs 6.60 lakh investment, has turned into Rs 16.32 lakh.
Invesco India Contra Fund Direct-Growth
The fund has given 30.16 per cent annualised SIP returns in the 5-year period. The fund has an asset base of Rs 17,269 crore, while its NAV is Rs 157.77. Benchmarked against BSE 500 TRI, the fund has given 20.72 per cent annualised returns since its inception in January 2013.
Invesco India Contra Fund Direct-Growth
At an expense ratio of 0.51 per cent, the fund has Rs 1,000 as the minimum lump sum investment and Rs 500 as the minimum SIP investment. The fund has 99.15 per cent of its investments in equity, of which 65.51 per cent are in large cap stocks.
Invesco India Contra Fund Direct-Growth
In its 70-stock portfolio, the fund has ICICI Bank, Infosys, HDFC Bank, and NTPC as the main holdings.
A Rs 11,000 monthly SIP in the fund has turned into Rs 13.85 lakh in 5 years.
Kotak India EQ Contra Fund
The fund at No. 2 has given 31.58 per cent annualised SIP return in the 5-year time frame. The fund has AUM of Rs 3,760 crore, while its NAV is Rs 178.93. Benchmarked against NIFTY 500 TRI, the fund has given 18.97 per cent annualised returns since its inception in January 2013.
Kotak India EQ Contra Fund
At an expense ratio of 0.51 per cent, the fund has Rs 1,000 as the minimum lump sum investment and Rs 500 as the minimum SIP investment. The fund has 99.15 per cent of its investments in equity, of which 65.51 per cent are in large cap stocks.
Kotak India EQ Contra Fund
In its 70-stock portfolio, the fund has ICICI Bank, Infosys, HDFC Bank, and NTPC as the main holdings.
A Rs 11,000 monthly SIP in the fund has turned into Rs 13.85 lakh in 5 years.