Invesco India Contra Fund(G)
View the direct plan of this scheme
Rs 137.22 1.18(0.867 %) NAV as on 10 Sep 2024
Fund type:
Equity
AUM (in crores):
₹ 17,817.05
Fund category:
Contra
Fund manager(s):
Taher Badshah, Amit Ganatra
Benchmark:
BSE 500 - TRI
Minimum investment:
₹
1000
Launch date:
11 Apr 2007
Min. additional investment:
₹ 1000
Expense ratio:
1.64 %
Exit load:
Nil upto 10% of units and 1% for above the limits on or before 1Y, Nil after 1Y
Scheme Objective: To generate capital appreciation by investing predominantly in Equity and Equity Related Instruments through contrarian investing.
Performance (As on 10 Sep 2024)
| 6 month returns | 1 year returns | 3 year returns | 5 year returns | Returns since inception | |
|---|---|---|---|---|---|
| Scheme | 24.85 % | 48.44 % | 21.97 % | 24.91 % | 16.21 % |
| NIFTY 500 | 15.70 % | 34.92 % | 16.77 % | 21.35 % | N/A |
Portfolio
Top 10 stock holdings
Allocation (%)
ICICI Bank Limited
6.45%
Infosys Limited
5.97%
HDFC Bank Limited
5.39%
NTPC Limited
3.63%
Axis Bank Limited
3.4%
Bharat Electronics Limited
2.58%
REC Limited
2.5%
Mahindra & Mahindra Limited
2.48%
Larsen & Toubro Limited
2.45%
Kalyan Jewellers India Limited
2.36%
About this category
Contra funds invest in stocks that are out of current market preference. Criteria these funds have to choose contrarian stocks include low valuations, out-of-favour sectors, or companies in turnaround phases. These funds can take a few years to deliver, as markets need to see potential in the low-value stocks and re-rate them higher. The Nifty 500 or the BSE 500 can be used as benchmarks to measure performance.
Suitability
Contra funds suit investors with high risk appetites. The minimum period for which these funds need to be held is 7 years.
Taxation
