Invesco India Contra Fund Direct Growth
Equity
Direct
Contra
NAV as on 06-09-2024
₹ 158.19
1D
Inception Returns
20.8%
/yr
About the Fund
Invesco India Contra Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Taher Badshah, Dhimant Kothari. The fund could potentially beat inflation in the long-run.
Key Parameters
- Invesco India Contra Fund Direct Growth has ₹17269 Cr worth of assets under management (AUM) as on Jul 2024 and is less than category average.
- The fund has an expense ratio 0.5.
Returns
Invesco India Contra Fund Direct Growth has given a CAGR return of 20.76% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 50.57%, 23.12% and 26.38% respectively.
Holdings
Invesco India Contra Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Health, Tech, Utilities, Basic Materials, Consumer Defensive, Energy, Communication, Real Estate. Its top holdings are ICICI Bank Ltd, Infosys Ltd, HDFC Bank Ltd, NTPC Ltd, Axis Bank Ltd
Taxation
As it is a contra mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Invesco India Contra Fund Direct Growth
To generate capital appreciation by investing predominantly in Equity and Equity Related Instruments through contrarian investing.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. Invesco India Contra Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
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4766 people have invested ₹ 3.3Cr in Invesco India Contra Fund Direct Growth in the last three months
INDmoney Rank
Powered by IND quant engine
3
/3
10% Performance
29% Risk Management
100% Cost
3 out of 3 among contra
Lower volatility within category
Beats FD returns for both 3Y & 5Y
Has not generated consistent returns
Does not beat the benchmark consistently
Higher probablity of downside risk
Fund Overview
| Expense ratio | 0.51% |
Benchmark | S&P BSE 500 India TR INR |
| AUM | ₹17269 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹1000/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 73.33% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (06-Sep-24)
Fund Distribution
as on (31-Jul-24)
Large cap
65.5%
Mid cap
21%
Small cap
10.6%
Sector Allocation
Financial Services
29.6%
Consumer Cyclical
16.9%
Industrial
14.2%
Health
10.6%
Tech
10.3%
Utilities
5.6%
Basic Materials
5.1%
Consumer Defensive
3.3%
Energy
2%
Communication
1.7%
Real Estate
0.7%
All changes are between May'24 and Jul'24
- This fund’s returns stands at 6.51% whereas the fund’s underlying benchmark Nifty 500 returns stands at 3.53% as on Jul'24
- This fund outperformed Nifty 500 by 2.98% in Jul'24
- AUM of the fund stands at 17.3K Cr as of Jul'24
- AUM increased by 1.1K Cr between Jul'24 and Jun'24
Top Stocks bought last month
Infosys Ltd's allocation increased from 4.8% to 5.92%
LTIMindtree Ltd's allocation increased from 1.04% to 1.52%
Coforge Ltd's allocation increased from 2.22% to 2.69%
Top Stocks sold last month
ICICI Bank Ltd's allocation decreased from 6.67 % to 6.33 %
HDFC Bank Ltd's allocation decreased from 5.55 % to 4.99 %
NTPC Ltd's allocation decreased from 4.01 % to 3.98 %
Mid Cap allocation has gone down from 21% to 20.2%
Cash allocation has gone down from 1.7% to 0.9%
Top 3 Sectors in July were Financial Services, Consumer Cyclical & Industrial
Jul'24
Financial Services
30%
Consumer Cyclical
17%
Industrial
14%
Jun'24
Financial Services
32%
Consumer Cyclical
17%
Industrial
15%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 6.33% | 0% | |
 Infosys Ltd | 5.92% | 10.3% | |
 HDFC Bank Ltd | 4.99% | 0% | |
 NTPC Ltd | 3.98% | -3.8% | |
 Axis Bank Ltd | 3.48% | 0% |
See all
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
Invesco India Contra Fund Direct Growth | 50.57% | 23.12% | 26.38% | 20.76% |
 Kotak India EQ Contra Fund - Growth - Direct | 52.17% | 24.66% | 26.83% | 19% |
 SBI Contra Fund Direct Growth | 42.93% | 29.11% | 33.38% | 18.45% |
Top Growth Drivers | 1M Return |
|---|---|
 Voltas Ltd | 21.9% |
 Ajanta Pharma Ltd | 19.4% |
 Infosys Ltd | 10.4% |
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Taher Badshah
Fund Manager of Invesco India Contra Fund Direct Growth, since 13 January 2017
Top funds managed
Dhimant Kothari
Fund Manager of Invesco India Contra Fund Direct Growth, since 19 May 2020
Top funds managed
Fund House
Invesco Asset Management (India) Private Ltd
Total Schemes
Total AUM
₹64.87K Cr
as on 31-Jul-2024
Address
Religare Invesco Asset Management Company Private Limited,3rd Floor, GYS Infinity,,Paranjpe 'B' Scheme, Subhash Road,,Vile Parle (East),
Phone
+912267310000
Website
services@religaremf.com
Mutual Fund Insights
In the last 3 years, SBI Contra Fund Direct Growth has given 29.11% return, outperforming this fund by 5.99% per annum.
In the last 5 years, SBI Contra Fund Direct Growth has given 33.38% return, outperforming this fund by 6.99% per annum.
This fund has one of the lowest expense ratio in the category (contra). Its expense ratio is 0.51% which is lower than the category average expense ratio of 1.08%.
In the last 1 year, Kotak India EQ Contra Fund - Growth - Direct has given 52.17% return, outperforming this fund by 1.6%.
Over the last 1 year, this fund has decreased expense ratio by 16.4% moving from 0.61 to 0.51.
Over the last 6 months, this fund has experienced a 29.4% growth in AUM moving from 13.34K Cr to 17.26K Cr.
Invesco India Contra Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 20.76% since inception which is more than its category average return of 17.69%
Fund Allocations
This fund has an allocation of 99.15% in Equity, 0% in Debt and 0.85% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is less than its category average of ₹ 20154 Cr
Expense Ratio 0.51%
This fund has an expense ratio of 0.51% which is less than its category average expense ratio of 1.12%
Frequently Asked Questions
The current NAV of Invesco India Contra Fund Direct Growth is ₹158.19 as on 06-Sep-2024.
Existing (Absolute + CAGR) as on 06-Sep-2024.
Invesco India Contra Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 6.88% | 6.88% |
6 Month Returns | 24.98% | 24.98% |
1 Year Returns | 50.57% | 50.57% |
3 Years Returns | 86.61% | 23.12% |
5 Years Returns | 222.44% | 26.38% |
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0.51% as on August 2024
₹17269 Cr as on August 2024
ICICI Bank Ltd(6.33%), Infosys Ltd(5.92%), HDFC Bank Ltd(4.99%), NTPC Ltd(3.98%), Axis Bank Ltd(3.48%) as on August 2024
Financial Services(29.39%), Consumer Cyclical(16.73%), Industrial(14.04%) as on August 2024
The alpha ratio for the Invesco India Contra Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Invesco India Contra Fund Direct Growth | 8.54 | 4.62 | 3.54 |
As on August 2024
The alpha for Invesco India Contra Fund Direct Growth is calculated against S&P BSE 500 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Invesco India Contra Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Invesco India Contra Fund Direct Growth | 1.02 | 0.96 | 0.97 |
As on August 2024
The Beta for Invesco India Contra Fund Direct Growth is calculated with S&P BSE 500 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Invesco India Contra Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Invesco India Contra Fund Direct Growth | 3.2 | 1.29 | 1.1 |
As on August 2024
The sharpe ratio for Invesco India Contra Fund Direct Growth is calculated with S&P BSE 500 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Invesco India Contra Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Invesco India Contra Fund Direct Growth | 11.83 | 12.94 | 18.6 |
As on August 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 2.55 as on August 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.38 as on August 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Taher Badshah, Dhimant Kothari are the fund managers of Invesco India Contra Fund Direct Growth
The Exit load of Invesco India Contra Fund Direct Growth is 1%