Invesco India Contra Fund(G)-Direct Plan
View the regular plan of this scheme
Rs 107.91 0.29(0.27 %) NAV as on 24 Nov 2023
Scheme Objective: To generate capital appreciation by investing predominantly in Equity and Equity Related Instruments through contrarian investing.
Performance (As on 24 Nov 2023)
| 6 month returns | 1 year returns | 3 year returns | 5 year returns | Returns since inception | |
|---|---|---|---|---|---|
| Scheme | 16.95 % | 16.62 % | 20.42 % | 17.37 % | 18.17 % |
| NIFTY 500 | 13.71 % | 12.52 % | 18.02 % | 14.70 % | N/A |
Portfolio
Contra funds invest in stocks that are out of current market preference. Criteria these funds have to choose contrarian stocks include low valuations, out-of-favour sectors, or companies in turnaround phases. These funds can take a few years to deliver, as markets need to see potential in the low-value stocks and re-rate them higher. The Nifty 500 or the BSE 500 can be used as benchmarks to measure performance.
Contra funds suit investors with high risk appetites. The minimum period for which these funds need to be held is 7 years.
Short-term: Holding period is less than 12 months.
Taxation: Capital gains are taxed at 15%
Long-term: Holding period is 12 months or more.
Taxation: Capital gains up to Rs 100,000 each financial year is tax-exempt. Remaining capital gains is taxed at 10%. For investments made on or before January 31st, 2018: Capital gain up to this date is tax-free.
