Top 3 contra mutual funds with up to 58% SIP return in 1 year: See how Rs 21,000 monthly SIP has evolved in each of them
Top contra mutual funds with up to 58% SIP returns in 1 year: Contra mutual funds invest money in stocks that are behaving contrarian to market trends. These are undervalued stocks with strong fundamentals that are not favoured by the market. Due to which they are available at cheap prices and may gain higher value in the future.
Top contra mutual funds with up to 58% SIP returns in 1 year: Contra mutual funds are equity mutual funds that follow contrarian investment strategy and invests 65 per cent in stocks, as per Securities Exchange Board of India (Sebi) categorisation of mutual funds. Contra funds invest money in stocks that are behaving contrarian to market trends. These are undervalued stocks with strong fundamentals that are not favoured by the market. Due to which they are available at cheap prices and may gain higher value in the future. Contra funds have achieved up to 58.04 per cent annualised SIP return in 1 year. Here, we take you through them.
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Invesco India Contra Fund
The fund tops the category with 58.04 per cent annualised SIP returns in the 1-year period.
It has assets under management (AUM) of Rs 17,817 crore net asset value (NAV) is Rs 159.33.
Invesco India Contra Fund
Benchmarked against BSE 500 TRI, the fund has given 20.75 per cent annualised returns (CAGR) since its launch in January 2013.
Invesco India 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 97.95 per cent of its investment in equity, of which 58.55 per cent is in large cap stocks.
Invesco India Contra Fund
In its 70-stock portfolio, the fund has ICICI Bank, Infosys, HDFC Bank, and NTPC Ltd as its main holdings.
A Rs 21,000 monthly SIP in the fund in 1 year, or total investment of Rs 2.52 lakh, has grown to Rs 3.25 lakh.
Kotak India EQ Contra Fund Direct-Growth
The fund at No. 2 position has had 51.23 per cent annualised SIP returns in the 1-year time frame.
It has an asset base of Rs 3,929 crore, while its NAV is Rs 179.71.
Kotak India EQ Contra Fund Direct-Growth
Benchmarked against BSE 500 TRI, the fund has given 20.75 per cent annualised returns since its debut in January 2013.
Kotak India EQ Contra Fund Direct-Growth
With an expense ratio of 0.55 per cent, the fund has Rs 5,000 as the minimum lump sum investment and Rs 500 as the minimum SIP investment.
The fund has 98.96 per cent of its investment in equity, of which 59.44 per cent is in large cap stocks and 21.86 per cent in small cap stocks.
Kotak India EQ Contra Fund Direct-Growth
In its portfolio of 67 stocks, the fund has HDFC Bank, Infosys, ICICI Bank, and Tech Mahindra as its main holdings.
A Rs 21,000 monthly SIP in the fund in 1 year, or total investment of Rs 3.17 lakh, has grown to Rs 3.25 lakh.
SBI Contra Direct Plan-Growth
The fund has given 41.65 per cent annualised SIP returns in the 1-year period.
It has AUM of Rs 39,433 crore, while its NAV is Rs 426.34.
SBI Contra Direct Plan-Growth
Benchmarked against BSE 500 TRI, the fund has given 18.32 per cent annualised returns since its inception in January 2013.
SBI Contra Direct Plan-Growth
At 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.
The fund has 90.26 per cent of its investment in equity, of which 50.87 per cent is in large cap stocks and 25.44 per cent in small cap stocks.
SBI Contra Direct Plan-Growth
In its portfolio of 96 stocks, the fund has HDFC Bank, Nifty Bank, GAIL (India), and Tech Mahindra as main holdings.
A Rs 21,000 monthly SIP in the fund has turned into Rs 3.05 lakh in the 1-year time frame.