SBI Contra Fund Direct Growth
Equity
Direct
Contra
NAV: ₹ 372.4 as on 16-04-2024
Fund Performance
28151 people have invested ₹ 27.8Cr in SBI Contra Fund Direct Growth in the last three months
Mutual Fund Insights
In the last 1 year, Kotak India EQ Contra Fund - Growth - Direct has given 50.06% return, outperforming this fund by 0.07%.
Over the last 1 year, this fund has decreased expense ratio by 28.6% moving from 0.91 to 0.65.
In the last 5 years, this fund has outperformed all funds in its category.
This fund has one of the lowest expense ratio in the category (contra). Its expense ratio is 0.65% which is lower than the category average expense ratio of 1.12%.
In the last 3 years, this fund has outperformed all funds in its category.
Over the last 6 months, this fund has experienced a 63.9% growth in AUM moving from 16.33K Cr to 26.77K Cr.
This fund with AUM at ₹26776.87Cr is among the largest funds in the contra category.
INDmoney Rank of SBI Contra Fund Direct Growth
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1
/3
99% Performance
72% Risk Management
0% Cost
1 out of 3 among contra
Pros
Generated Consistent Returns
Consistently beats benchmark
Lower probablity of downside risk
Cons
Poor track record of Recovering losses quickly
About the SBI Contra Fund Direct Growth
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 ₹26777 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
- The fund has an expense ratio 0.7.
SBI Contra Fund Direct Growth Overview
 | 0.65% |
 Benchmark | S&P BSE 500 India TR INR |
 | ₹26777 Cr |
 | 1 January, 2013 |
 | ₹5000/₹500 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 65.2% |
SBI Contra Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
40.7%
Mid cap
29.8%
Small cap
12.1%
Sector Allocation
Financial Services
23.9%
Basic Materials
12.4%
Industrial
11.8%
Consumer Cyclical
11.6%
Health
9.8%
Utilities
9.3%
Tech
8.2%
Energy
7.9%
Consumer Defensive
2.4%
Communication
1.9%
Real Estate
0.8%
Top Holdings of SBI Contra Fund Direct Growth as on (31-Mar-24)
Equity Holdings91
Debt Holdings4
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 State Bank of India | 2.88% | 0% | |
 HDFC Bank Ltd | 2.84% | 0% | |
 GAIL (India) Ltd | 2.78% | 0% | |
 Cognizant Technology Solutions Corp Class A | 2.26% | 0% | |
 ICICI Bank Ltd | 2.16% | 0% |
See all
SBI Contra Fund Direct Growth: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 0.56% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund outperformed Nifty 500 by 1.02% in Mar'24
AUM Change
- AUM of the fund stands at 26.8K Cr as of Mar'24
- AUM increased by 1.5K Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in SBI Contra Fund Direct Growth portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Torrent Power Ltd | 39.2% |
 Cummins India Ltd | 14.4% |
 ICICI Prudential Life Insurance Company Ltd | 9.7% |
Peer Analysis
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
SBI Contra Fund Direct Growth | 50% | 32.7% | 25.8% | 17.7% |
 Kotak India EQ Contra Fund - Growth - Direct | 50.1% | 25.2% | 21.2% | 17.9% |
 Invesco India Contra Fund Direct Plan Growth | 44.1% | 22.8% | 19.3% | 19.3% |
SBI Contra Fund Direct Growth Fund Manager
Mohit Jain
Fund Manager of SBI Contra Fund Direct Growth, since 5 May 2018
Top funds managed
Dinesh Balachandran
Fund Manager of SBI Contra Fund Direct Growth, since 7 May 2018
Top funds managed
SBI Contra Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 17.71% since inception which is more than its category average return of 16.8%
Fund Allocations
This fund has an allocation of 82.64% in Equity, 0.93% in Debt and 16.43% in Cash related instruments
AUM size ₹26777 Cr
This fund has AUM of ₹26777 Cr which is more than its category average of ₹ 14451 Cr
Expense Ratio 0.65%
This fund has an expense ratio of 0.65% which is less than its category average expense ratio of 1.16%
Frequently Asked Questions
The current NAV of SBI Contra Fund Direct Growth is ₹372.4 as on 16-Apr-2024.
Existing (Absolute + CAGR) as on 16-Apr-2024.
SBI Contra Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 5.41% | 5.41% |
6 Month Returns | 23.02% | 23.02% |
1 Year Returns | 50% | 50% |
3 Years Returns | 133.44% | 32.66% |
5 Years Returns | 215.18% | 25.81% |
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.
0.65% as on March 2024
₹26777 Cr as on March 2024
State Bank of India(2.88%), HDFC Bank Ltd(2.84%), GAIL (India) Ltd(2.78%), Cognizant Technology Solutions Corp Class A(2.26%), ICICI Bank Ltd(2.16%) as on March 2024
Financial Services(19.79%), Basic Materials(10.25%), Industrial(9.74%) as on March 2024
The alpha ratio for the SBI Contra Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
SBI Contra Fund Direct Growth | 6.68 | 11.47 | 7.23 |
As on March 2024
The alpha for SBI 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 SBI Contra Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
SBI Contra Fund Direct Growth | 1 | 0.84 | 0.98 |
As on March 2024
The Beta for SBI 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 SBI Contra Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
SBI Contra Fund Direct Growth | 3.15 | 1.86 | 1.01 |
As on March 2024
The sharpe ratio for SBI 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 SBI Contra Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
SBI Contra Fund Direct Growth | 10.94 | 12.19 | 19.61 |
As on March 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 4.47 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 2.04 as on March 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Mohit Jain, Dinesh Balachandran are the fund managers of SBI Contra Fund Direct Growth
The Exit load of SBI Contra Fund Direct Growth is 1%