Invesco India Contra Fund Direct Growth

Invesco India Contra Fund Direct Growth

Equity

Direct

Contra

NAV as on 04-11-2024

₹ 154.39

-0.2%

1D

Inception Returns

20.3%

/yr

About Invesco India Contra Fund Direct Growth

Invesco India Contra Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Taher Badshah, Dhimant Kothari. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Invesco India Contra Fund Direct Growth has ₹18470 Cr worth of assets under management (AUM) as on Sep 2024 and is less than category average.
  2. The fund has an expense ratio 0.5.

Returns

Invesco India Contra Fund Direct Growth has given a CAGR return of 20.28% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 52.45%, 21.17% and 24.09% respectively.

Holdings

Invesco India Contra Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Health, Tech, Industrial, Basic Materials, Utilities, Consumer Defensive, Energy, Communication, Real Estate. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Infosys Ltd, NTPC Ltd, Axis Bank Ltd

Taxation

As it is a contra mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Invesco India Contra Fund Direct Growth

To generate capital appreciation by investing predominantly in Equity and Equity Related Instruments through contrarian investing.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. Invesco India Contra Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
5007 people have invested ₹ 3.6Cr in Invesco India Contra Fund Direct Growth in the last three months

INDmoney Rank for Invesco India Contra Fund Direct Growth

Powered by IND quant engine
2
/3
26% Performance
30% Risk Management
100% Cost
2 out of 3 among contra
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Lower volatility within category
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Beats FD returns for both 3Y & 5Y
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Has not generated consistent returns
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Higher probablity of downside risk
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Poor track record of protecting capital in bear phase

Invesco India Contra Fund Direct Growth Overview

Expense ratio0.52%
Benchmark
S&P BSE 500 India TR INR
AUM₹18470 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹1000/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
73.33%
STCGRedeeming before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (04-Nov-24)

Period
Invesco India Contra Fund Direct Growth
Nifty 500
contra
1M
-5.1%
-4.3%
-5.3%
3M
0.4%
-3.2%
-1.4%
6M
17.1%
7.4%
13.8%
1Y
52.5%
32.5%
49.8%
3Y
21.2%
13.6%
21%
5Y
24.1%
18.3%
23.1%

Fund Distribution

as on (30-Sep-24)

  • Equity 98.3%

  • Debt & Cash 1.7%

Large cap
60.5%

Mid cap
23.2%

Small cap
14%

Sector Allocation

Sep'24

Aug'24

Jul'24

Financial Services
30.8%
Consumer Cyclical
16.2%
Health
12.4%
Tech
10.2%
Industrial
9.6%
Basic Materials
5.4%
Utilities
4.6%
Consumer Defensive
3.9%
Energy
2.7%
Communication
2.5%
Real Estate
1.6%
All changes are between Jul'24 and Sep'24
Sep'24
Aug'24
Jul'24
Fund Returns
3.01%
2.71%
6.51%
Nifty 500
2.04%
0.97%
3.53%
  • This fund’s returns stands at 3.01% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.04% as on Sep'24
  • This fund outperformed Nifty 500 by 0.97% in Sep'24
Parameters
Sep'24
Aug'24
Jul'24
AUM
₹ 18.5K Cr
₹ 17.8K Cr
₹ 17.3K Cr
  • AUM of the fund stands at 18.5K Cr as of Sep'24
  • AUM increased by 652.8 Cr between Sep'24 and Aug'24
Top Stocks bought last month
HDFC Bank Ltd's allocation increased from 5.39% to 6.52%
HDFC Bank Ltd's allocation increased from 5.39% to 6.52%
Prestige Estates Projects Ltd's allocation increased from 0.71% to 1.51%
Prestige Estates Projects Ltd's allocation increased from 0.71% to 1.51%
Entero Healthcare Solutions Ltd's allocation increased from 0.31% to 0.88%
Entero Healthcare Solutions Ltd's allocation increased from 0.31% to 0.88%
Top Stocks sold last month
Larsen & Toubro Ltd's allocation decreased from 2.45 % to 2.35 %
Larsen & Toubro Ltd's allocation decreased from 2.45 % to 2.35 %
REC Ltd's allocation decreased from 2.5 % to 2.16 %
REC Ltd's allocation decreased from 2.5 % to 2.16 %
Bharat Electronics Ltd's allocation decreased from 2.58 % to 2.13 %
Bharat Electronics Ltd's allocation decreased from 2.58 % to 2.13 %
Mid Cap allocation has gone up from 22.9% to 23.2%
Mid Cap allocation has gone up from 22.9% to 23.2%
Large Cap allocation has gone up from 59.2% to 60.5%
Large Cap allocation has gone up from 59.2% to 60.5%
Small Cap allocation has gone up from 13% to 14%
Small Cap allocation has gone up from 13% to 14%
Cash allocation has gone down from 2% to 1.7%
Cash allocation has gone down from 2% to 1.7%

Top 3 Sectors in September were Financial Services, Consumer Cyclical & Industrial

Sep'24
Financial Services
31%
Consumer Cyclical
16%
Health
12%
Aug'24
Financial Services
29%
Consumer Cyclical
17%
Industrial
13%
Fund
Sep'24
Aug'24
Jul'24
No of Holdings
78
80
73
Top 5 Company Concentration
27%
24.8%
24.7%
Company having highest exposure
ICICI Bank Ltd (6.8%)
ICICI Bank Ltd (6.5%)
ICICI Bank Ltd (6.3%)
No of Sectors
11
11
11
Top 5 Sectors Concentration
79.3%
80.6%
81.6%
Sector having highest exposure
Financial Services (30.8%)
Financial Services (28.6%)
Financial Services (29.6%)
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Taher Badshah
Taher Badshah
Fund Manager of Invesco India Contra Fund Direct Growth, since 13 January 2017
Dhimant Kothari
Dhimant Kothari
Fund Manager of Invesco India Contra Fund Direct Growth, since 19 May 2020
Fund House
Invesco Asset Management (India) Private Ltd
Total AUM
₹97.1K Cr
as on 30-Sep-2024
Address
Religare Invesco Asset Management Company Private Limited,3rd Floor, GYS Infinity,,Paranjpe 'B' Scheme, Subhash Road,,Vile Parle (East),
Phone
+912267310000
Website
services@religaremf.com

Mutual Fund Insights

Insights icon
This fund has one of the lowest expense ratio in the category (contra). Its expense ratio is 0.52% which is lower than the category average expense ratio of 1.07%.
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Over the last 6 months, this fund has experienced a 32.8% growth in AUM moving from 13.90K Cr to 18.46K Cr.
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In the last 5 years, SBI Contra Fund Direct Growth has given 30.81% return, outperforming this fund by 6.72% per annum.
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In the last 1 year, this fund has outperformed all funds in its category.
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Over the last 1 month, this fund has increased expense ratio by 2.0% moving from 0.51 to 0.52.
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In the last 3 years, SBI Contra Fund Direct Growth has given 25.51% return, outperforming this fund by 4.34% per annum.

Invesco India Contra Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 20.28% since inception which is more than its category average return of 17.27%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.28% in Equity, 0% in Debt and 1.72% in Cash related instruments
AUM size ₹18470 Cr

AUM size ₹18470 Cr

This fund has AUM of ₹18470 Cr which is less than its category average of ₹ 21281 Cr
Expense Ratio 0.52%

Expense Ratio 0.52%

This fund has an expense ratio of 0.52% which is less than its category average expense ratio of 1.11%

Frequently Asked Questions for Invesco India Contra Fund Direct Growth

The current NAV of Invesco India Contra Fund Direct Growth is ₹154.39 as on 04-Nov-2024.
Existing (Absolute + CAGR) as on 04-Nov-2024.
Invesco India Contra Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-5.12%
-5.12%
6 Month Returns
17.07%
17.07%
1 Year Returns
52.45%
52.45%
3 Years Returns
77.9%
21.17%
5 Years Returns
194.22%
24.09%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.52% as on October 2024
₹18470 Cr as on October 2024
ICICI Bank Ltd(6.83%), HDFC Bank Ltd(6.52%), Infosys Ltd(6.24%), NTPC Ltd(3.72%), Axis Bank Ltd(3.69%) as on October 2024
Financial Services(30.28%), Consumer Cyclical(15.91%), Health(12.22%) as on October 2024
The alpha ratio for the Invesco India Contra Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Invesco India Contra Fund Direct Growth
13.35
5.11
4.03
As on October 2024
The alpha for Invesco India Contra Fund Direct Growth is calculated against S&P BSE 500 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Invesco India Contra Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Invesco India Contra Fund Direct Growth
0.94
0.96
0.96
As on October 2024
The Beta for Invesco India Contra Fund Direct Growth is calculated with S&P BSE 500 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Invesco India Contra Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Invesco India Contra Fund Direct Growth
2.85
1.06
0.98
As on October 2024
The sharpe ratio for Invesco India Contra Fund Direct Growth is calculated with S&P BSE 500 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Invesco India Contra Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Invesco India Contra Fund Direct Growth
12.94
13.57
18.84
As on October 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.96 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.58 as on October 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Taher Badshah, Dhimant Kothari are the fund managers of Invesco India Contra Fund Direct Growth
The Exit load of Invesco India Contra Fund Direct Growth is 1%