Invesco India Contra Fund Direct Growth
Equity
Direct
Contra
NAV as on 14-11-2024
₹ 151.31
1D
Inception Returns
19.9%
/yr
About Invesco India Contra Fund Direct Growth
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 ₹17718 Cr worth of assets under management (AUM) as on Sep 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 19.92% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 42.40%, 18.59% and 23.58% respectively.
Holdings
Invesco India Contra Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Health, Tech, Industrial, Basic Materials, Utilities, Consumer Defensive, Energy, Communication, Real Estate. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Infosys 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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5236 people have invested ₹ 3.9Cr in Invesco India Contra Fund Direct Growth in the last three months
INDmoney Rank for Invesco India Contra Fund Direct Growth
Powered by IND quant engine
2
/3
20% Performance
46% Risk Management
100% Cost
2 out of 3 among contra
Lower volatility within category
Recovers losses quickly
Beats FD returns for both 3Y & 5Y
Has not generated consistent returns
Underperforms benchmarks during bull run
3Y returns in the bottom 25% of the category
Invesco India Contra Fund Direct Growth Overview
| Expense ratio | 0.52% |
Benchmark | S&P BSE 500 India TR INR |
| AUM | ₹17718 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 (14-Nov-24)
Fund Distribution
as on (30-Sep-24)
Large cap
60.5%
Mid cap
23.2%
Small cap
14%
Sector Allocation
Financial Services
30.8%
Consumer Cyclical
16.2%
Health
12.4%
Tech
10.2%
Industrial
9.6%
Basic Materials
5.4%
Utilities
4.6%
Consumer Defensive
3.9%
Energy
2.7%
Communication
2.5%
Real Estate
1.6%
All changes are between Jul'24 and Sep'24
- This fund’s returns stands at 3.01% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.04% as on Sep'24
- This fund outperformed Nifty 500 by 0.97% in Sep'24
- AUM of the fund stands at 18.5K Cr as of Sep'24
- AUM increased by 652.8 Cr between Sep'24 and Aug'24
Top Stocks bought last month
HDFC Bank Ltd's allocation increased from 5.39% to 6.52%
Prestige Estates Projects Ltd's allocation increased from 0.71% to 1.51%
Entero Healthcare Solutions Ltd's allocation increased from 0.31% to 0.88%
Top Stocks sold last month
Larsen & Toubro Ltd's allocation decreased from 2.45 % to 2.35 %
REC Ltd's allocation decreased from 2.5 % to 2.16 %
Bharat Electronics Ltd's allocation decreased from 2.58 % to 2.13 %
Mid Cap allocation has gone up from 22.9% to 23.2%
Large Cap allocation has gone up from 59.2% to 60.5%
Small Cap allocation has gone up from 13% to 14%
Cash allocation has gone down from 2% to 1.7%
Top 3 Sectors in September were Financial Services, Consumer Cyclical & Industrial
Sep'24
Financial Services
31%
Consumer Cyclical
16%
Health
12%
Aug'24
Financial Services
29%
Consumer Cyclical
17%
Industrial
13%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 6.83% | 5.9% | |
 HDFC Bank Ltd | 6.52% | 18.6% | |
 Infosys Ltd | 6.24% | 12.2% | |
 NTPC Ltd | 3.72% | 0% | |
 Axis Bank Ltd | 3.69% | 7.5% |
See all
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
Invesco India Contra Fund Direct Growth | 42.4% | 18.59% | 23.58% | 19.92% |
 Kotak India EQ Contra Fund - Growth - Direct | 38.72% | 20.33% | 23.16% | 18.05% |
 SBI Contra Fund Direct Growth | 32.92% | 22.48% | 30.66% | 17.57% |
Top Growth Drivers | 1M Return |
|---|---|
 Coforge Ltd | 9% |
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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
₹97.1K Cr
as on 30-Sep-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
This fund has one of the lowest expense ratio in the category (contra). Its expense ratio is 0.52% which is lower than the category average expense ratio of 1.07%.
In the last 1 year, this fund has outperformed all funds in its category.
Over the last 15 months, this fund has decreased expense ratio by 14.8% moving from 0.61 to 0.52.
Over the last 6 months, this fund has experienced a 25.5% growth in AUM moving from 14.71K Cr to 18.46K Cr.
In the last 5 years, SBI Contra Fund Direct Growth has given 30.66% return, outperforming this fund by 7.07% per annum.
In the last 3 years, SBI Contra Fund Direct Growth has given 22.48% return, outperforming this fund by 3.89% per annum.
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 19.92% since inception which is more than its category average return of 17%
Fund Allocations
This fund has an allocation of 98.28% in Equity, 0% in Debt and 1.72% in Cash related instruments
AUM size ₹17718 Cr
This fund has AUM of ₹17718 Cr which is less than its category average of ₹ 20713 Cr
Expense Ratio 0.52%
This fund has an expense ratio of 0.52% which is less than its category average expense ratio of 1.12%
Frequently Asked Questions for Invesco India Contra Fund Direct Growth
The current NAV of Invesco India Contra Fund Direct Growth is ₹151.31 as on 14-Nov-2024.
Existing (Absolute + CAGR) as on 14-Nov-2024.
Invesco India Contra Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -6.5% | -6.5% |
6 Month Returns | 16.26% | 16.26% |
1 Year Returns | 42.4% | 42.4% |
3 Years Returns | 66.79% | 18.59% |
5 Years Returns | 188.25% | 23.58% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.52% as on October 2024
₹17718 Cr as on October 2024
ICICI Bank Ltd(6.83%), HDFC Bank Ltd(6.52%), Infosys Ltd(6.24%), NTPC Ltd(3.72%), Axis Bank Ltd(3.69%) as on October 2024
Financial Services(30.28%), Consumer Cyclical(15.91%), Health(12.22%) as on October 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 | 13.35 | 5.11 | 4.03 |
As on October 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 | 0.94 | 0.96 | 0.96 |
As on October 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 | 2.85 | 1.06 | 0.98 |
As on October 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 | 12.94 | 13.57 | 18.84 |
As on October 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 1.96 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.58 as on October 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%