This Equity-Contra Fund Gave 36.51% Annualised Returns On 3-Year SIP, Outperformed Benchmark

SBI Contra Fund is a top-rated equity Mutual Fund from the house of SBI Mutual Fund. The fund has offered good returns on SIP as well as lump-sum investments. It gave better returns compared to its benchmark on lump-sum investments. Below are the fund's key takeaways including the details of the investment:

SBI Contra Fund

SBI Contra Fund is a 19-year-old open-ended mutual fund launched on July 14, 1999. It is an Equity fund of Contra Category with no lock-in period. Its Asset Under Management (AUM) as of 31 October 2022 is Rs 6,694 crore. Under the Direct plan - Growth option of the fund, its Net Asset Value (NAV) is Rs 243.0931 as of 15 November 2022 

 
It uses the S&P BSE 500 as a benchmark. Both Value Research and CRISIL have rated the fund 5-star. Although it is a very high risk for investment. The scheme seeks to provide the investor with opportunities of long-term capital appreciation by investing in a diversified portfolio of equity and equity-related securities following a contrarian investment strategy. 

Investment Details

• Minimum Investment - Rs 5,000
• Minimum SIP Investment - Rs 500
• Minimum Additional Investment - Rs 1,000
• Minimum Balance - Rs 1,000
• Minimum Withdrawal - Rs 500
• Exit Load - 1% for redemption within 365 days.
• Expense Ratio - 1.06% as on 30 September 2022 under the Direct Plan

Annualised Returns

Lump-Sum Investment Returns

The fund under the Direct-Growth option outperformed the benchmark, and offered good annualised returns in 1,2,3, and 5 years. However, its 15.31% annual average returns is below the category average returns. 

Investment Tenure	Returns
1 Year	11.16%
2 Year	41.45%
3 Year	31.61%
5 Year	15.34%

 
Returns on SIP

SIP Tenure	Returns
1 Year	22.85%
2 Year	26.44%
3 Year	36.51%
5 Year	25.28%

Portfolio

Around 88.06% of the fund's investments are in equities, 9.27% are in debt, and 2.67% are in cash and cash equivalents. The fund has investments in 75 stocks. It has major investments in Financial, Technology, Energy, Automobile, Healthcare, Consumer Staples, Materials, Metal & Mining, Services, Chemicals, Capital Goods, Construction, Consumer Discretionary, Communication, Insurance, and Textiles. The fund's top 10 holdings are ICICI Bank, HDFC Bank, Infosys, Tube Investments of India, State Bank of India, HCL Technologies, Aster DM Healthcare, ITC, Axis Bank, and Tech Mahindra.

 

Disclaimer

Mutual fund investments are subject to market risk. Read all scheme related Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.