SBI Contra Fund Vs Invesco India Contra Fund

Updated on October 25, 2025 , 7468 views

SBI Contra Fund and Invesco India 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 SBI Contra Fund and Invesco India Contra Fund. Take a look!

SBI Contra Fund

SBI Contra Fund was launched in the year July 14, 1999, with an aim to provide a long-term Capital appreciation to the investors through contrarian Investing. Being an equity-oriented fund, SBI Contra Fund is suitable for investors with a high-risk appetite. As an investment strategy, SBI Contra Fund follows a combination of top-down and bottom-up approach to stock-picking. Some of the top holdings of the fund as on 31/05/2018 are Kotak Mahindra Bank Ltd, Bharti Airtel Ltd, Eigi Equipments Ltd, ICICI Bank Ltd, etc. SBI Contra Fund is currently managed by Dinesh Balachandran. The fund follows S&P BSE 500 Index as its benchmark.

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

SBI Contra Fund Vs Invesco India 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, Scheme Category, and Fincash Rating. To begin with the scheme category, it can be said that both the schemes SBI Contra Fund and Invesco India Contra Fund belong to the same category of equity fund. With respect to the next parameter, that is, Fincash Rating, it can be said that SBI Contra Fund is rated as 3-Star, whereas Invesco India Contra Fund is rated as 4-Star. In case of Net Asset Value, SBI Contra Fund's NAV as on 19th July 2018 is INR 106.675 and the NAV of Invesco India Contra Fund is INR 46.39. 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

SBI Contra Fund Growth Fund Details
₹389.919 ↓ -1.62 (-0.41 %)
₹46,654 on 31 Aug 25
6 May 05
☆☆☆
Equity
Contra
48
Moderately High
1.53
-0.98
1.37
-4.8
Not Available
0-1 Years (1%),1 Years and above(NIL)

Invesco India Contra Fund Growth Fund Details
₹138.7 ↑ 0.78 (0.57 %)
₹18,981 on 31 Aug 25
11 Apr 07
☆☆☆☆
Equity
Contra
11
Moderately High
1.65
-0.54
1.16
1.3
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, SBI Contra Fund 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

SBI Contra Fund Growth Fund Details
2.3%
1.1%
5.4%
1.5%
20.7%
29.1%
14.9%

Invesco India Contra Fund Growth Fund Details
4.9%
2%
9%
4.4%
20.2%
22.3%
15.2%

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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 many situations, Invesco India Contra Fund has performed better than SBI Contra Fund. The yearly performance of both the funds is tabulated as follows.

Parameters
Yearly Performance	2024
	2023
	2022
	2021
	2020

SBI Contra Fund Growth Fund Details
18.8%
38.2%
12.8%
49.9%
30.6%

Invesco India Contra Fund Growth Fund Details
30.1%
28.8%
3.8%
29.6%
21.2%

Other Details Section

This is the last section in the comparison of both the funds. In this section, the parameters such as AUM, Minimum SIP and Lumpsum Investment, and Exit Load are compared. To begin with the minimum SIP investment, both the schemes have the same monthly SIP amounts, i.e., INR 500. Similarly, in case of minimum lumpsum investment, the amount for both the schemes are same i.e, INR 5,000. Coming to the AUM, the AUM of SBI Contra Fund as on 30th June 2018 was INR 1,605 crores and the AUM of Invesco India Contra Fund was INR 1,868 crores. The table given below summarizes the other details for both the schemes.

Parameters
Other Details	Min SIP Investment
Other Details	Min Investment
Fund Manager

SBI Contra Fund Growth Fund Details
₹500
₹5,000
Dinesh Balachandran - 7.41 Yr.

Invesco India Contra Fund Growth Fund Details
₹500
₹5,000
Amit Ganatra - 1.84 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.

SBI Contra Fund Growth Fund Details

Date	Value
30 Sep 20	₹10,000
30 Sep 21	₹18,606
30 Sep 22	₹20,709
30 Sep 23	₹26,715
30 Sep 24	₹38,518
30 Sep 25	₹35,850

Growth of 10,000 investment over the years.

Invesco India Contra Fund Growth Fund Details

Date	Value
30 Sep 20	₹10,000
30 Sep 21	₹15,684
30 Sep 22	₹15,868
30 Sep 23	₹18,823
30 Sep 24	₹28,862
30 Sep 25	₹27,105

Detailed Portfolio Comparison

Asset Allocation

SBI Contra Fund Growth Fund Details

Asset Class	Value
Cash	15.22%
Equity	80.86%
Debt	3.92%

Equity Sector Allocation

Sector	Value
Financial Services	21.98%
Basic Materials	10.16%
Energy	9.09%
Consumer Cyclical	8.22%
Health Care	7.48%
Technology	6.25%
Consumer Defensive	5.54%
Utility	4.37%
Industrials	3.68%
Communication Services	2.7%
Real Estate	1.4%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Aug 16 \| HDFCBANK	8%	₹3,847 Cr	40,449,258
Reliance Industries Ltd (Energy) Equity, Since 31 Mar 23 \| RELIANCE	6%	₹2,689 Cr	19,717,567
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 31 Mar 24 \| KOTAKBANK	3%	₹1,276 Cr	6,405,768
Tata Steel Ltd (Basic Materials) Equity, Since 31 Jul 22 \| TATASTEEL	3%	₹1,250 Cr	74,055,908 ↑ 16,060,383
ITC Ltd (Consumer Defensive) Equity, Since 31 Jul 20 \| ITC	3%	₹1,245 Cr	31,014,741
Punjab National Bank (Financial Services) Equity, Since 30 Sep 22 \| 532461	2%	₹1,133 Cr	100,456,586
Biocon Ltd (Healthcare) Equity, Since 30 Jun 21 \| BIOCON	2%	₹982 Cr	28,807,465
6.9% Govt Stock 2065 Sovereign Bonds \| -	2%	₹931 Cr	97,500,000 ↑ 23,500,000
Dabur India Ltd (Consumer Defensive) Equity, Since 31 Dec 23 \| 500096	2%	₹926 Cr	18,846,663 ↑ 1,683,950
GAIL (India) Ltd (Utilities) Equity, Since 28 Feb 21 \| 532155	2%	₹917 Cr	51,993,788

Asset Allocation

Invesco India Contra Fund Growth Fund Details

Asset Class	Value
Cash	0.64%
Equity	99.32%
Debt	0.02%
Other	0%

Equity Sector Allocation

Sector	Value
Financial Services	30.82%
Consumer Cyclical	17.73%
Health Care	13.57%
Industrials	11.13%
Technology	10.09%
Basic Materials	4.33%
Consumer Defensive	3.75%
Communication Services	1.93%
Real Estate	1.57%
Energy	1.48%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 30 Apr 14 \| HDFCBANK	7%	₹1,416 Cr	14,891,768
ICICI Bank Ltd (Financial Services) Equity, Since 31 May 17 \| ICICIBANK	6%	₹1,224 Cr	9,076,843
Infosys Ltd (Technology) Equity, Since 30 Sep 13 \| INFY	5%	₹914 Cr	6,341,218 ↑ 276,746
Mahindra & Mahindra Ltd (Consumer Cyclical) Equity, Since 31 Oct 21 \| M&M	4%	₹762 Cr	2,222,444 ↑ 80,834
Eternal Ltd (Consumer Cyclical) Equity, Since 30 Jun 23 \| 543320	4%	₹725 Cr	22,281,699 ↓ -1,100,613
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Sep 20 \| LT	4%	₹674 Cr	1,841,896
Axis Bank Ltd (Financial Services) Equity, Since 30 Jun 20 \| 532215	3%	₹589 Cr	5,201,150
Apollo Hospitals Enterprise Ltd (Healthcare) Equity, Since 31 Mar 24 \| APOLLOHOSP	3%	₹527 Cr	711,861
Cholamandalam Investment and Finance Co Ltd (Financial Services) Equity, Since 31 Dec 21 \| CHOLAFIN	2%	₹469 Cr	2,912,482 ↑ 280,058
Coforge Ltd (Technology) Equity, Since 31 Mar 22 \| COFORGE	2%	₹398 Cr	2,498,445 ↑ 140,870

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.