SBI Contra Fund Direct Growth NAV Advances to ₹408.3309 on 18 September; 3-Year Return at 10.46%
Veena Lathe
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Last Updated: 21st September 2026 - 02:28 pm
Key Takeaways
- SBI Contra Fund Direct Growth NAV increased 0.55% to ₹408.3309 on 18 September 2026.
- The three-year annualised return stood at 10.46%.
- Assets were approximately ₹47,589 crore, with a base expense ratio of 0.61%.
- Reliance Industries, ICICI Bank and HDFC Bank were among the largest disclosed portfolio positions.
SBI Contra Fund Direct Growth ended the 18 September 2026 valuation at ₹408.3309, up 0.55% from the previous NAV. Its latest three-year annualised return was 10.46%, providing a longer historical reference alongside the single-day movement.
The scheme follows a contrarian investment strategy rather than a market-cap-specific mandate. Its stated approach is to seek long-term capital appreciation through a diversified equity portfolio built around contrarian opportunities. This can result in a portfolio mix that differs meaningfully from broad-market positioning at different points in the cycle.
Assets under management were approximately ₹47,589 crore. The latest base expense ratio for the Direct Plan was 0.61%, and minimum SIP investment was ₹500. The latest disclosed portfolio included Reliance Industries at 4.75%, ICICI Bank at 4.55%, HDFC Bank at 4.54%, Biocon at 3.47% and Kotak Bank at 2.87%. Those five positions together represented 20.18% of assets.
The one-day rise of 0.55% is best treated as a valuation update rather than a standalone assessment of strategy performance. A contra portfolio can differ substantially from commonly owned benchmark constituents, so short-period movements may diverge from headline equity indices.
The verified NAV for the requested date is ₹408.3309. Portfolio composition, AUM and expense-ratio information are based on the latest available supporting disclosures and may update on a different schedule from the daily NAV.
Frequently Asked Questions
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