SBI Contra Fund Direct Growth

SBI Contra Fund Direct Growth

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Equity
Direct
Contra
NAV: ₹ 382.91 as on 17-05-2024

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

  1. SBI Contra Fund Direct Growth has ₹29586 Cr worth of assets under management (AUM) as on Apr 2024 and is more than category average.
  2. The fund has an expense ratio 0.6.
Fund Performance
zero opening, trading, fund transfer fee
28732 people have invested ₹ 27.5Cr in SBI Contra Fund Direct Growth in the last three months

Overview

Expense ratio
Expense ratio
0.63%
Benchmark
Benchmark
S&P BSE 500 India TR INR
AUM
AUM
₹29586 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹500
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
65.2%

SBI Contra Fund Direct Growth Distribution as on (30-Apr-24)

  • Equity 83.1%

  • Debt & Cash 16.9%

Size breakup

Large cap
42.1%
Mid cap
29.3%
Small cap
11.6%
Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
23.7%
Basic Materials
13.2%
Consumer Cyclical
11.3%
Industrial
10.7%
Energy
9.8%
Utilities
9.5%
Health
8.7%
Tech
6.8%
Consumer Defensive
2.7%
Communication
2.7%
Real Estate
0.9%

Top Holdings of SBI Contra Fund Direct Growth as on (30-Apr-24)

  • Equity

  • Debt & Cash

Equity Holdings92
Debt Holdings4

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
5.52%
0.56%
2.18%
Nifty 500
2.46%
-0.47%
1.58%
  • This fund’s returns stands at 5.52% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.46% as on Apr'24
  • This fund outperformed Nifty 500 by 3.05% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 29.6K Cr
₹ 26.8K Cr
₹ 25.3K Cr
  • AUM of the fund stands at 29.6K Cr as of Apr'24
  • AUM increased by 2.8K Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Mutual Fund Insights

Insights icon
This fund with AUM at ₹29585.64Cr is among the largest funds in the contra category.
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This fund has one of the lowest expense ratio in the category (contra). Its expense ratio is 0.63% which is lower than the category average expense ratio of 1.12%.
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Over the last 6 months, this fund has decreased expense ratio by 18.2% moving from 0.77 to 0.63.
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Over the last 6 months, this fund has experienced a 77.5% growth in AUM moving from 16.66K Cr to 29.58K Cr.
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In the last 1 year, Kotak India EQ Contra Fund - Growth - Direct has given 52.39% return, outperforming this fund by 3.04%.
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In the last 3 years, this fund has outperformed all funds in its category.
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In the last 5 years, this fund has outperformed all funds in its category.

INDmoney Rank

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1
/3
95% 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

Fund Manager

Dinesh Balachandran
Dinesh Balachandran
Fund Manager of SBI Contra Fund Direct Growth, since 7 May 2018
Mohit Jain
Mohit Jain
Fund Manager of SBI Contra Fund Direct Growth, since 5 May 2018

SBI 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 17.86% since inception which is more than its category average return of 17.02%
Fund Allocations

Fund Allocations

This fund has an allocation of 83.08% in Equity, 0.82% in Debt and 16.1% in Cash related instruments
AUM size ₹29586 Cr

AUM size ₹29586 Cr

This fund has AUM of ₹29586 Cr which is more than its category average of ₹ 15754 Cr
Expense Ratio 0.63%

Expense Ratio 0.63%

This fund has an expense ratio of 0.63% 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 ₹382.91 as on 17-May-2024.
Existing (Absolute + CAGR) as on 17-May-2024.
SBI Contra Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.82%
2.82%
6 Month Returns
24.19%
24.19%
1 Year Returns
49.35%
49.35%
3 Years Returns
126.16%
31.26%
5 Years Returns
252.31%
28.64%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • 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.
0.63% as on April 2024
₹29586 Cr as on April 2024
HDFC Bank Ltd(3.26%), GAIL (India) Ltd(2.91%), State Bank of India(2.86%), Reliance Industries Ltd(2.55%), Oil & Natural Gas Corp Ltd(2.25%) as on April 2024
Financial Services(19.67%), Basic Materials(10.93%), Consumer Cyclical(9.38%) as on April 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
8.42
12.13
7.5
As on April 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
1.02
0.84
0.99
As on April 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
3.21
1.96
1.06
As on April 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
11.12
12.29
19.66
As on April 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 4.76 as on April 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 2.17 as on April 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Dinesh Balachandran, Mohit Jain are the fund managers of SBI Contra Fund Direct Growth
The Exit load of SBI Contra Fund Direct Growth is 1%