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Fincash » SBI Contra Fund Vs Invesco India Contra Fund

SBI Contra Fund Vs Invesco India Contra Fund

Updated on June 11, 2024 , 6779 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
BasicsNAV
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
₹367.909 ↑ 2.12   (0.58 %)
₹29,586 on 30 Apr 24
6 May 05
Equity
Contra
48
Moderately High
1.92
3.13
1.97
7.44
Not Available
0-1 Years (1%),1 Years and above(NIL)
Invesco India Contra Fund
Growth
Fund Details
₹122.22 ↑ 0.93   (0.77 %)
₹14,713 on 30 Apr 24
11 Apr 07
Equity
Contra
11
Moderately High
1.8
2.92
0.42
5.16
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
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
SBI Contra Fund
Growth
Fund Details
6.8%
9.8%
21.1%
48.2%
28.5%
27.5%
17.7%
Invesco India Contra Fund
Growth
Fund Details
8.9%
16.6%
22.7%
46.2%
20.6%
20.3%
15.7%

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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 Performance2023
2022
2021
2020
2019
SBI Contra Fund
Growth
Fund Details
38.2%
12.8%
49.9%
30.6%
-1%
Invesco India Contra Fund
Growth
Fund Details
28.8%
3.8%
29.6%
21.2%
5.9%

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 DetailsMin SIP Investment
Min Investment
Fund Manager
SBI Contra Fund
Growth
Fund Details
₹500
₹5,000
Dinesh Balachandran - 5.99 Yr.
Invesco India Contra Fund
Growth
Fund Details
₹500
₹5,000
Amit Ganatra - 0.42 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
SBI Contra Fund
Growth
Fund Details
DateValue
31 May 19₹10,000
31 May 20₹7,461
31 May 21₹15,272
31 May 22₹17,905
31 May 23₹21,931
31 May 24₹31,794
Growth of 10,000 investment over the years.
Invesco India Contra Fund
Growth
Fund Details
DateValue
31 May 19₹10,000
31 May 20₹8,534
31 May 21₹13,941
31 May 22₹14,843
31 May 23₹16,805
31 May 24₹23,992

Detailed Portfolio Comparison

Asset Allocation
SBI Contra Fund
Growth
Fund Details
Asset ClassValue
Cash16.1%
Equity83.08%
Debt0.82%
Equity Sector Allocation
SectorValue
Financial Services19.67%
Basic Materials10.93%
Consumer Cyclical9.38%
Industrials8.87%
Energy8.17%
Utility7.86%
Health Care7.27%
Technology5.66%
Consumer Defensive2.27%
Communication Services2.23%
Real Estate0.77%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Aug 16 | HDFCBANK
3%₹965 Cr6,347,072
↑ 1,100,000
GAIL (India) Ltd (Utilities)
Equity, Since 28 Feb 21 | 532155
3%₹861 Cr41,173,788
State Bank of India (Financial Services)
Equity, Since 31 Dec 10 | SBIN
3%₹847 Cr10,254,269
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 23 | RELIANCE
3%₹753 Cr2,567,125
↑ 1,337,306
Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 31 Dec 22 | 500312
2%₹664 Cr23,486,824
↑ 5,999,083
Whirlpool of India Ltd (Consumer Cyclical)
Equity, Since 29 Feb 24 | 500238
2%₹609 Cr4,040,000
ICICI Bank Ltd (Financial Services)
Equity, Since 28 Feb 17 | ICICIBANK
2%₹608 Cr5,281,550
Torrent Power Ltd (Utilities)
Equity, Since 31 Oct 21 | 532779
2%₹577 Cr3,841,277
Axis Bank Ltd (Financial Services)
Equity, Since 31 May 19 | 532215
2%₹572 Cr4,904,255
Tata Steel Ltd (Basic Materials)
Equity, Since 31 Jul 22 | TATASTEEL
2%₹550 Cr33,345,525
Asset Allocation
Invesco India Contra Fund
Growth
Fund Details
Asset ClassValue
Cash1.2%
Equity98.8%
Other0%
Equity Sector Allocation
SectorValue
Financial Services29.4%
Industrials17.47%
Consumer Cyclical14.45%
Health Care9.84%
Utility8.66%
Technology8.36%
Basic Materials3.82%
Energy2.48%
Consumer Defensive1.93%
Communication Services1.67%
Real Estate0.72%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 17 | ICICIBANK
6%₹919 Cr7,986,079
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 14 | HDFCBANK
5%₹777 Cr5,114,242
NTPC Ltd (Utilities)
Equity, Since 31 Mar 21 | 532555
5%₹754 Cr20,752,875
Infosys Ltd (Technology)
Equity, Since 30 Sep 13 | INFY
5%₹668 Cr4,699,822
↑ 494,425
Bharat Electronics Ltd (Industrials)
Equity, Since 31 Dec 18 | BEL
4%₹544 Cr23,286,988
State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN
3%₹436 Cr5,275,516
Zomato Ltd (Consumer Cyclical)
Equity, Since 30 Jun 23 | 543320
3%₹395 Cr20,450,701
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Oct 21 | M&M
3%₹392 Cr1,816,402
Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 20 | 532215
2%₹366 Cr3,136,159
Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Mar 23 | HAL
2%₹352 Cr893,286

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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