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Fincash » Invesco India Contra Fund Vs Kotak India EQ Contra Fund

Invesco India Contra Fund Vs Kotak India EQ Contra Fund

Updated on October 17, 2020 , 571 views

Invesco India Contra Fund Vs Kotak India EQ Contra Fund both belong to the equity category of Mutual Funds. Both the funds follow a contrarian investment strategy. contra funds are a type of Equity Fund where the fund manager bets against the prevailing market trends by buying assets that are either depressed or under-performing at that point in time. A contrarian is an investment strategy where the fund manager keeps a strong watch on the market to identify those underperforming stocks which have great potential to grow in the future. To guide you in making a better investment decision, we have done a comparison between both Invesco India Contra Fund and Kotak India EQ Contra Fund. Take a look!

Invesco India Contra Fund

Invesco India Contra Fund was launched in the year April 11, 2007. The fund aims to seek long-term capital appreciation by Investing in equity and related instruments through contrarian investing. The fund invests its corpus in sound companies which are available at attractive valuations/undervalued or in turnaround phase.

As on Jun 30, 2018 some of the top holdings of the scheme are HDFC Bank Ltd, Reliance Industries Ltd, Infosys Ltd, ICICI Bank Ltd, ITC Ltd, etc.

Kotak India EQ Contra Fund (Erstwhile Kotak Classic Equity Fund)

Kotak India EQ Contra Fund (earlier known as Kotak Classic Equity Fund) is also an open-ended large-cap scheme offered by Kotak Mutual Fund. This scheme was incepted on July 27, 2005, and it uses NIFTY 100 as its benchmark index to build its portfolio of assets. The investment objective of Kotak India EQ Contra Fund is to generate capital appreciation in the long-run from a varied portfolio consisting of equity and equity-related instruments.

As on March 31, 2018, some of the top holdings of Kotak India EQ Contra Fund consisted of Maruti Suzuki India Limited, Hindustan Unilever Limited, Reliance Industries Limited, Tata Consultancy Services Limited, and Tech Mahindra Limited.

This scheme is also suitable for individuals seeking capital appreciation in the long-term tenure.

Invesco India Contra Fund vs Kotak India EQ Contra Fund

Though these schemes belong to the same category, yet these schemes differ on various parameters. So, let us understand the parameters which are divided into four sections, namely, Basics Section, Performance Report, Yearly Performance Report, and Other Details Section.

Basics Section

This section compares the various elements such as Current NAV, AUM, Scheme Category, Fincash Rating, etc. To begin with the scheme category, it can be said that both the schemes Invesco India Contra Fund and Kotak India EQ Contra Fund belong to the same category of equity fund.

As per Fincash Rating, it can be said that Invesco India Contra Fund is rated as 4-Star and Kotak India EQ Contra Fund is rated 3-Star.

The table given below summarizes the details of basics section.

Parameters
BasicsNAV
Net Assets (Cr)
Launch Date
Rating
Category
Sub Cat.
Category Rank
Risk
Expense Ratio
Sharpe Ratio
Information Ratio
Alpha Ratio
Benchmark
Exit Load
Invesco India Contra Fund
Growth
Fund Details
₹50.25 ↑ 0.41   (0.82 %)
₹4,967 on 30 Sep 20
11 Apr 07
Equity
Contra
11
Moderately High
1.76
0.16
0.75
4.13
Not Available
0-1 Years (1%),1 Years and above(NIL)
Kotak India EQ Contra Fund
Growth
Fund Details
₹54.408 ↑ 0.44   (0.81 %)
₹810 on 30 Sep 20
27 Jul 05
Equity
Contra
30
Moderately High
2.32
0.01
0.03
1
Not Available
0-1 Years (1%),1 Years and above(NIL)

### Performance Section

The performance section compares the Compounded Annual Growth Rate or CAGR returns between both the schemes at different time periods. With respect to performance, it can be said there is not much difference in the performance of both the schemes. However, in many instances, Invesco India Contra Fund has leads the race. The performance of both the schemes at different time periods is shown below as follows.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
Invesco India Contra Fund
Growth
Fund Details
-0.6%
6.4%
25.7%
6.4%
5.2%
10.1%
12.7%
Kotak India EQ Contra Fund
Growth
Fund Details
2.4%
8.5%
27.1%
2.1%
4.9%
9%
11.8%

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Yearly Performance Section

This section deals with the absolute returns generated by both the funds in each year. In this case, we can see that there is a difference in the performance of both the schemes. In some situations, Invesco India Contra Fund has performed better, while in so,e case Kotak India EQ Contra Fund delivered good returns. The yearly performance of both the funds is tabulated as follows.

Parameters
Yearly Performance2019
2018
2017
2016
2015
Invesco India Contra Fund
Growth
Fund Details
5.9%
-3.3%
45.6%
6.7%
4%
Kotak India EQ Contra Fund
Growth
Fund Details
10%
2.6%
35.4%
7.1%
-3.4%

Other Details Section

In this section, the parameters such as Minimum SIP and Lumpsum Investment are compared. To begin with the minimum SIP investment, both the schemes have different SIP amount. The minimum SIP for Kotak's fund is INR 1,000 and for Invesco's scheme is it INR 500. In case of minimum lumpsum investment, the amount for both the schemes are same i.e, INR 5,000.

Invesco India Contra Fund is jointly managed by Taher Badshah and Amit Ganatra.

Mr. Deepak Gupta is the sole fund manager of Kotak India EQ Contra Fund.

The table given below summarizes the other details for both the schemes.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
Invesco India Contra Fund
Growth
Fund Details
₹500
₹5,000
Taher Badshah - 3.73 Yr.
Kotak India EQ Contra Fund
Growth
Fund Details
₹1,000
₹5,000
Shibani Kurian - 1.4 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
Invesco India Contra Fund
Growth
Fund Details
DateValue
30 Sep 15₹10,000
30 Sep 16₹11,433
30 Sep 17₹13,490
30 Sep 18₹15,123
30 Sep 19₹15,363
30 Sep 20₹16,050
Growth of 10,000 investment over the years.
Kotak India EQ Contra Fund
Growth
Fund Details
DateValue
30 Sep 15₹10,000
30 Sep 16₹11,027
30 Sep 17₹13,059
30 Sep 18₹14,597
30 Sep 19₹15,347
30 Sep 20₹15,241

Detailed Portfolio Comparison

Asset Allocation
Invesco India Contra Fund
Growth
Fund Details
Asset ClassValue
Cash3.46%
Equity96.54%
Equity Sector Allocation
SectorValue
Financial Services27.21%
Energy13.87%
Technology13.09%
Consumer Cyclical8.86%
Industrials7.71%
Health Care6.32%
Utility5.75%
Communication Services4.78%
Basic Materials4.13%
Consumer Defensive3.06%
Real Estate1.76%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 19 | RELIANCE
11%₹525 Cr2,348,792
↓ -54,940
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 14 | HDFCBANK
8%₹413 Cr3,832,632
Infosys Ltd (Technology)
Equity, Since 30 Sep 13 | INFY
7%₹359 Cr3,560,113
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 17 | ICICIBANK
7%₹333 Cr9,391,639
↑ 267,715
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 18 | BHARTIARTL
5%₹238 Cr5,644,886
↑ 916,146
Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 20 | 532215
4%₹203 Cr4,780,682
↑ 232,158
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Nov 16 | SUNPHARMA
3%₹154 Cr3,081,221
HCL Technologies Ltd (Technology)
Equity, Since 30 Apr 19 | HCLTECH
3%₹148 Cr1,820,892
UltraTech Cement Ltd (Basic Materials)
Equity, Since 30 Sep 19 | ULTRACEMCO
2%₹110 Cr270,792
↑ 13,032
United Spirits Ltd (Consumer Defensive)
Equity, Since 30 Jun 17 | 532432
2%₹108 Cr2,088,170
Asset Allocation
Kotak India EQ Contra Fund
Growth
Fund Details
Asset ClassValue
Cash0.96%
Equity99.04%
Debt0.01%
Equity Sector Allocation
SectorValue
Financial Services25.35%
Technology15.24%
Energy12%
Consumer Cyclical11.94%
Basic Materials8.5%
Industrials8.04%
Health Care5.76%
Consumer Defensive5.08%
Utility3.23%
Communication Services2.41%
Real Estate0.74%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 30 Sep 08 | RELIANCE
10%₹79 Cr351,685
↓ -3,000
Infosys Ltd (Technology)
Equity, Since 31 Oct 10 | INFY
7%₹60 Cr594,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 10 | HDFCBANK
6%₹49 Cr456,336
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 18 | ICICIBANK
5%₹44 Cr1,242,051
↑ 12,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Nov 12 | TCS
4%₹34 Cr136,300
↑ 4,600
Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 18 | LT
3%₹23 Cr259,095
UltraTech Cement Ltd (Basic Materials)
Equity, Since 30 Jun 19 | ULTRACEMCO
3%₹21 Cr52,600
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | BHARTIARTL
2%₹20 Cr464,149
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 14 | MARUTI
2%₹19 Cr27,698
Supreme Industries Ltd (Consumer Cyclical)
Equity, Since 31 Jul 19 | 509930
2%₹17 Cr123,495

Therefore, from the above pointers, it can be said that both the schemes exhibit different attributes with respect to different parameters. However, when it comes to investing, it is always advisable that people should go through the scheme’s modalities completely before doing the actual investment. Additionally, they should also check whether the scheme’s approach is in-line with your investment objective. To get further clarification, you can even consult a financial advisor. This will help you ensure that your investment is safe as well as it paves way for wealth creation.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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