Fincash » Invesco India Contra Fund Vs Kotak India EQ Contra Fund
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Invesco India Contra Fund Vs Kotak India EQ Contra Fund
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 Basics NAV 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 ₹129.52 ↓ -0.21 (-0.16 %) ₹16,188 on 30 Jun 24 11 Apr 07 ☆☆☆☆ Equity Contra 11 Moderately High 1.8 2.78 0 0 Not Available 0-1 Years (1%),1 Years and above(NIL) Kotak India EQ Contra Fund
Growth
Fund Details ₹149.273 ↑ 0.20 (0.13 %) ₹3,500 on 30 Jun 24 27 Jul 05 ☆☆☆ Equity Contra 30 Moderately High 2.03 2.94 1.36 8.02 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 Performance 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since launch Invesco India Contra Fund
Growth
Fund Details 3.6% 13.8% 25.3% 47% 21.9% 23.4% 16% Kotak India EQ Contra Fund
Growth
Fund Details 2.5% 12.9% 23.3% 50.6% 24.5% 24.2% 15.3%
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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 Performance 2023 2022 2021 2020 2019 Invesco India Contra Fund
Growth
Fund Details 28.8% 3.8% 29.6% 21.2% 5.9% Kotak India EQ Contra Fund
Growth
Fund Details 35% 7.4% 30.2% 15.2% 10%
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 Details Min SIP Investment Min Investment Fund Manager Invesco India Contra Fund
Growth
Fund Details ₹500 ₹5,000 Amit Ganatra - 0.58 Yr. Kotak India EQ Contra Fund
Growth
Fund Details ₹1,000 ₹5,000 Shibani Kurian - 5.15 Yr.
Growth of 10k Investments over the years
Invesco India Contra Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹9,302 30 Jun 21 ₹14,508 30 Jun 22 ₹14,315 30 Jun 23 ₹17,753 30 Jun 24 ₹26,000 Kotak India EQ Contra Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹8,920 30 Jun 21 ₹14,229 30 Jun 22 ₹14,119 30 Jun 23 ₹18,151 30 Jun 24 ₹27,526
Detailed Portfolio Comparison
Invesco India Contra Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 1.75% Equity 98.25% Equity Sector Allocation
Sector Value Financial Services 30.81% Consumer Cyclical 16.42% Industrials 15.14% Health Care 9.29% Technology 8.07% Utility 5.56% Basic Materials 4.85% Consumer Defensive 3.34% Energy 1.83% Communication Services 1.69% Real Estate 0.81% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 17 | ICICIBANK7% ₹1,079 Cr 8,994,374
↑ 1,008,295 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 14 | HDFCBANK6% ₹898 Cr 5,335,458
↑ 221,216 Infosys Ltd (Technology)
Equity, Since 30 Sep 13 | INFY5% ₹777 Cr 4,959,726
↑ 259,904 Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 20 | AXISBANK4% ₹652 Cr 5,149,212
↑ 962,827 NTPC Ltd (Utilities)
Equity, Since 31 Mar 21 | NTPC4% ₹649 Cr 17,161,674
↓ -167,118 Bharat Electronics Ltd (Industrials)
Equity, Since 31 Dec 18 | BEL3% ₹498 Cr 16,268,930
↓ -5,953,933 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Oct 21 | M&M3% ₹475 Cr 1,656,077
↓ -160,325 State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN3% ₹448 Cr 5,275,516 Zomato Ltd (Consumer Cyclical)
Equity, Since 30 Jun 23 | 5433202% ₹375 Cr 18,716,647
↓ -1,734,054 Coforge Ltd (Technology)
Equity, Since 31 Mar 22 | COFORGE2% ₹360 Cr 659,495 Kotak India EQ Contra Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 1.24% Equity 98.76% Equity Sector Allocation
Sector Value Financial Services 25.8% Industrials 12.65% Technology 9.62% Consumer Cyclical 9.54% Consumer Defensive 8.28% Health Care 8.01% Basic Materials 6.86% Utility 6.4% Energy 5.81% Communication Services 4.61% Real Estate 1.19% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 10 | HDFCBANK6% ₹193 Cr 1,145,432
↑ 427,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 18 | ICICIBANK4% ₹155 Cr 1,289,051 Reliance Industries Ltd (Energy)
Equity, Since 30 Sep 08 | RELIANCE3% ₹118 Cr 375,824
↑ 28,000 Infosys Ltd (Technology)
Equity, Since 31 Oct 10 | INFY3% ₹101 Cr 646,300
↑ 33,000 State Bank of India (Financial Services)
Equity, Since 31 Oct 16 | SBIN3% ₹91 Cr 1,068,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | BHARTIARTL2% ₹82 Cr 569,149 Hero MotoCorp Ltd (Consumer Cyclical)
Equity, Since 31 Oct 22 | HEROMOTOCO2% ₹81 Cr 144,700 NTPC Ltd (Utilities)
Equity, Since 30 Nov 20 | NTPC2% ₹80 Cr 2,103,000 Bharat Electronics Ltd (Industrials)
Equity, Since 31 May 19 | BEL2% ₹78 Cr 2,555,000 Tech Mahindra Ltd (Technology)
Equity, Since 30 Jun 23 | TECHM2% ₹75 Cr 522,000
↑ 60,000
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.
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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