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With 35.35% Annualised SIP Returns In 3 Years, This Value Oriented Mutual Fund Is Good For SIP
Mutual fund investing has advantages and risks. They promote natural diversification, which is one advantage. This is so that investors can make investments across various securities and asset types. Liquidity is another advantage. Mutual funds can be purchased and sold through any broker, as opposed to stocks, which can only be traded at a stock exchange. As a result, the shareholders are spared from dealing with stock market inconveniences including long queues and trading hours.
In this article, we have highlighted one value-oriented mutual fund that has given better than its category average returns and outperformed the benchmark. The name of the fund is SBI Contra Fund. Read to know more.
SBI Contra Fund
SBI Contra Fund is an equity value-oriented equity Fund from the house of India's biggest mutual fund house SBI Mutual Fund. The fund recently turned 23 years old, it was launched on July 14, 1999. The fund is a highly risky rated open-ended fund.
The fund has been rated 4-star by Value Research and 5-star by CRISIL, respectively. The fund has delivered positive returns over the years, with very good performance among peer funds. It has given better than category average returns over the years and outperformed the benchmark. Its benchmark is S&P BSE 500 Index.
Under the Direct Plan Growth Option of the fund, its assets under management (AUM) are Rs 4670.06 crore. The expense ratio of the fund is 1.27%, which is higher than its category average expense ratio of 0.92%. Its Net Asset Value (NAV) declared on July 25, 2022, is Rs. 220.1353.
Annualised Returns
Lump Sum Investment
It has given an annual average return of 14.65% since its inception.
| 1-Year | 2-year | 3-year | 5-Year |
|---|---|---|---|
| 15.32% | 46.45% | 27.76% | 14.29% |
SIP Investment Returns
| 1-Year | 2-year | 3-year | 5-Year |
|---|---|---|---|
| 13.28% | 31.67% | 35.35% | 22.82% |
Minimum Amount Required For Investments
The minimum amount required for lump sum investment is Rs 5,000 and for SIP it is Rs 500, respectively. For additional investments, the minimum amount required is Rs 1,000.
The Lock-in period is not applicable here in this fund, however, it charges 1% on redemption within 365 days/1 year of the investments.
Portfolio
This fund has the majority of investments around 75.57% in domestic (Indian) equities out of which the majority of investments around 30.18% are in Large cap stocks, 10.74% in mid-cap stocks and 22.12% in small-cap stocks, respectively. It has 8.5% investments in debt i.e. government securities.
The fund has major equity investments in the Financial sector followed by Energy, Technology, Automobile, Consumer Staples, Healthcare, Metals & Mining, Capital Goods, Materials, Chemicals, Construction, Consumer Discretionary, Textiles, and Insurance.
The top 10 equity holding of the fund includes HDFC Bank, ICICI Bank, Tube Investments of India, State Bank of India, GAIL, HCL Technologies, ITC, NHPC, Reliance Industries, and Axis Bank.
Disclaimer
Mutual funds investment are subject to market risks. Read all scheme related documents carefully before investing. Greynium Information Technologies, and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.
