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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 December 5, 2019 , 332 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
₹48.18 ↓ -0.39   (-0.80 %)
₹4,486 on 31 Oct 19
11 Apr 07
Equity
Contra
11
Moderately High
2.02
0.39
0.6
-2.84
Not Available
0-1 Years (1%),1 Years and above(NIL)
Kotak India EQ Contra Fund
Growth
Fund Details
₹54.13 ↓ -0.35   (-0.65 %)
₹874 on 31 Oct 19
27 Jul 05
Equity
Contra
30
Moderately High
2.64
0.89
0.12
-0.63
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
-0.3%
7.4%
-0.1%
7.5%
13.6%
10%
13.2%
Kotak India EQ Contra Fund
Growth
Fund Details
0.2%
8.2%
1.8%
10.9%
14.6%
8.7%
12.5%

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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 Performance2018
2017
2016
2015
2014
Invesco India Contra Fund
Growth
Fund Details
-3.3%
45.6%
6.7%
4%
63%
Kotak India EQ Contra Fund
Growth
Fund Details
2.6%
35.4%
7.1%
-3.4%
39.3%

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
Amit Ganatra - 7.22 Yr.
Kotak India EQ Contra Fund
Growth
Fund Details
₹1,000
₹5,000
Shibani Kurian - 0.48 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 Nov 14₹10,000
30 Nov 15₹10,437
30 Nov 16₹11,296
30 Nov 17₹15,377
30 Nov 18₹15,560
30 Nov 19₹16,548
Growth of 10,000 investment over the years.
Kotak India EQ Contra Fund
Growth
Fund Details
DateValue
30 Nov 14₹10,000
30 Nov 15₹9,417
30 Nov 16₹10,263
30 Nov 17₹13,318
30 Nov 18₹14,054
30 Nov 19₹15,410

Detailed Portfolio Comparison

Asset Allocation
Invesco India Contra Fund
Growth
Fund Details
Asset ClassValue
Cash2.81%
Equity97.19%
Equity Sector Allocation
SectorValue
Financial Services26.93%
Consumer Cyclical13.15%
Technology11.54%
Industrials9.52%
Health Care7.95%
Energy6.79%
Consumer Defensive6.79%
Utility6.57%
Basic Materials4.97%
Communication Services2.99%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 14 | HDFCBANK
8%₹371 Cr3,018,130
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 17 | ICICIBANK
8%₹366 Cr7,907,810
↓ -580
Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 19 | RELIANCE
5%₹225 Cr1,533,663
Infosys Ltd (Technology)
Equity, Since 30 Sep 13 | INFY
5%₹223 Cr3,248,385
↑ 156,092
Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 18 | LT
5%₹209 Cr1,420,267
ITC Ltd (Consumer Defensive)
Equity, Since 30 Jun 19 | ITC
5%₹207 Cr8,033,712
Triparty Repo
CBLO/Reverse Repo | -
3%₹149 Cr
Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | 532215
3%₹136 Cr1,845,763
↑ 130,249
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Nov 16 | SUNPHARMA
3%₹132 Cr3,047,987
↑ 194,826
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 18 | BHARTIARTL
3%₹128 Cr3,408,055
↑ 338,291
Asset Allocation
Kotak India EQ Contra Fund
Growth
Fund Details
Asset ClassValue
Cash0.3%
Equity99.69%
Debt0.01%
Equity Sector Allocation
SectorValue
Financial Services38.22%
Energy12.37%
Industrials10.94%
Consumer Cyclical10.3%
Technology8.67%
Consumer Defensive7.68%
Basic Materials6.56%
Utility2.89%
Communication Services1.07%
Health Care0.99%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 10 | HDFCBANK
9%₹78 Cr634,836
Reliance Industries Ltd (Energy)
Equity, Since 30 Sep 08 | RELIANCE
8%₹68 Cr467,085
↑ 29,000
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 18 | ICICIBANK
7%₹64 Cr1,381,051
Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 18 | LT
5%₹41 Cr278,095
Infosys Ltd (Technology)
Equity, Since 31 Oct 10 | INFY
5%₹40 Cr579,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 12 | HDFC
4%₹31 Cr145,000
↓ -20,217
Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 532215
4%₹31 Cr418,000
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 May 17 | 500696
3%₹27 Cr124,990
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 28 Feb 19 | KOTAKBANK
3%₹27 Cr171,650
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Nov 12 | TCS
3%₹25 Cr111,117
↓ -12,800

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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