Invesco India Contra Fund was launched on January 2, 2013. The fund’s NAV (Net asset value) was Rs 155.02 on August 21, 2024. The size of the fund is Rs 17,268.79 crore. The expense ratio of the fund is 0.51%, whereas the category average is 0.55%. The risk-o-meter categorises the fund as “very high”.
Lump sum investment returns
If someone had invested Rs 10,000 in this fund 6 months ago, it would have generated a value of Rs 12,442. One year ago it would have fetched Rs 15,238; 2 years ago it would have fetched Rs 17,423; 3 years ago, Rs 19,307; 5 years ago, Rs 32,195; 10 years ago, Rs 58,943 and since inception (January 2, 2013) Rs 10,000 would have fetched a value of Rs 88,280.
SIP returns
If one went with a Systematic Investment Plan (SIP) of Rs 1,000 a month, this fund would have provided returns of Rs 15,571 in the past 1 year, Rs 35,973 in 2 years, Rs 58,220 in 3 years, Rs 1,24,680 in 5 years and Rs 3,69,870 in 10 years.
Portfolio details
Invesco India Contra Fund has committed 98.56% of its money into equities in the Indian market. The emphasis is on large cap stocks and 46.2% of the funds are in large cap stocks. In mid cap stocks, the fund has put 19.26% of its money and 9.31% has been invested in small cap stocks.
Sectoral investment
The sectors which the fund is bullish about include financials (where it has invested 29.21% of the funds), consumer discretionary (15.86%), technology (15.03%), industrials (10.87%), healthcare (10.46%), materials (6.28%), energy and utilities (6.21%), state Value Research data.
Top stocks include
The top stocks picked by the fund include ICICI Bank, Infosys, HDFC Bank, NTPC, Axis Bank, Bharat Electronics, M&M, CoForge, SBI, Sun Pharmaceuticals, L&T.
Appropriate for
Any contra fund is appropriate for mature investors who have some idea of the trends in the economy and different segments of the industry and are enthusiastic in placing bets for higher returns than run-of-the-mill equity-oriented funds. Since the risks are very high, one has to be open to absorbing losses, in adverse situations. This fund has a Beta ratio of 0.92 which indicates it is less volatile than the market.
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Contra funds carry high risk but at the hand of skillful fund managers can turn in superlative returns. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
