Invesco India Contra Fund(G)-Direct Plan

View the regular plan of this scheme

Rs 88.45   0.2(0.227 %) NAV as on 12 Aug 2022
Prime Rating: 3.5 
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Fund type:
Equity
AUM (in crores):
₹ 9,001
Fund category:
Contra
Fund manager(s):
Taher Badshah, Dhimant Kothari
Benchmark:
S&P BSE 500 - TRI
Minimum investment:
₹ 1000
Launch date:
01 Jan 2013
Min. additional investment:
₹ 1000
Expense ratio:
0.58 %
Exit load:
Nil upto 10% of units and 1% for above the limits on or before 1Y, Nil after 1Y

Scheme Objective: To generate capital appreciation by investing predominantly in Equity and Equity Related Instruments through contrarian investing.


Performance (As on 12 Aug 2022)

6 month returns 1 year returns3 year returns5 year returns Returns since inception
Scheme1.90 % 7.79 % 21.53 %16.13 % 18.37 %
NIFTY 5001.67 % 8.36 % 18.65 %12.42 % N/A

Portfolio

Top 10 stock holdings
Allocation (%)
ICICI Bank Limited
8.85%
HDFC Bank Limited
7.21%
Infosys Limited
5.92%
Reliance Industries Limited
5.04%
State Bank of India
4.56%
Sun Pharmaceutical Industries Limited
2.93%
Maruti Suzuki India Limited
2.89%
Larsen & Toubro Limited
2.65%
ITC Limited
2.5%
Hindustan Unilever Limited
2.47%

About this category

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.

Suitability

Contra funds suit investors with high risk appetites. The minimum period for which these funds need to be held is 7 years.

Taxation

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.

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