SBI Contra Fund Direct Growth
About the Fund
SBI Contra Fund is a type of mutual fund managed by SBI Mutual Fund. As the name suggests, it follows a contrarian investment strategy, which means it invests in stocks that are currently out of favor or undervalued by the market.The fund manager identifies companies that have good long-term potential but are currently undervalued by the market. The idea is to invest in these stocks when they are unpopular, and wait for their prices to rise as their true value is recognized by the market.SBI Contra Fund is suitable for investors who are willing to take a long-term investment approach and are comfortable with moderate to high risk. It is also a good option for those looking to diversify their investment portfolio with exposure to different types of stocks. As with any mutual fund, it is important to carefully read the fund's prospectus and understand its investment strategy, fees, and risks before investing.
Key Parameters
- SBI Contra Fund Direct Growth has ₹34366 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
- The fund has an expense ratio 0.6.
Returns
SBI Contra Fund Direct Growth has given a CAGR return of 18.40% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 46.46%, 29.70% and 31.60% respectively.
Holdings
SBI Contra Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Basic Materials, Consumer Cyclical, Industrial, Government, Energy, Utilities, Health, Tech, Communication, Consumer Defensive, Securitize, Real Estate. Its top holdings are HDFC Bank Ltd, Kotak Mahindra Bank Ltd, GAIL (India) Ltd, State Bank of India, Whirlpool of India 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 benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of SBI Contra Fund Direct Growth
To provide the investor with the opportunity of long-term capital appreciation by investing in a diversified portfolio of equity and equity related securities following a contrarian investment strategy
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. SBI Contra Fund Direct Growth has no lock in period.
INDmoney Rank
Fund Overview
| Expense ratio | 0.61% |
Benchmark | S&P BSE 500 India TR INR |
| AUM | ₹34366 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 1% |
| Lock In | No Lock-in |
TurnOver | 65.2% |
| Risk |   Very High Risk |
Fund Distributionas on (30-Jun-24)
as on (30-Jun-24)
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
SBI Contra Fund Direct Growth | 46.5% | 29.7% | 31.6% | 18.4% |
 Kotak India EQ Contra Fund - Growth - Direct | 52.7% | 26.2% | 25.8% | 18.9% |
 Invesco India Contra Fund Direct Plan Growth | 49.4% | 23.5% | 24.9% | 20.5% |
Returns for the month of Jun
Top Growth Drivers | 1M Return |
|---|---|
 Whirlpool of India Ltd | 11.9% |
Mutual Fund Insights
SBI Contra Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹34366 Cr
Expense Ratio 0.61%
Frequently Asked Questions
SBI Contra Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.16% | 3.16% |
6 Month Returns | 21.24% | 21.24% |
1 Year Returns | 46.46% | 46.46% |
3 Years Returns | 118.19% | 29.7% |
5 Years Returns | 294.71% | 31.6% |
- 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.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
SBI Contra Fund Direct Growth | 6.98 | 11.2 | 8.11 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
SBI Contra Fund Direct Growth | 1.02 | 0.81 | 0.98 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
SBI Contra Fund Direct Growth | 2.81 | 1.88 | 1.17 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
SBI Contra Fund Direct Growth | 12.14 | 11.92 | 19.63 |