SBI Contra Fund Direct Growth NAV at ₹387.1125 on 23 October 2026; 3-Year Return at 9.74%

Key Takeaways

• SBI Contra Fund Direct Growth recorded an exact-date NAV of ₹387.1125 on 23 October 2026, declining 1.43% over the valuation day.
• The Direct Plan's three-year annualised return stood at 9.74%, while its five-year return was 12.96%.
• The latest snapshot placed assets under management at approximately ₹45,068 crore, with HDFC Bank as the largest disclosed equity position at 4.79%.

SBI Contra Fund Direct Growth recorded a NAV of ₹387.1125 on 23 October 2026, with the Direct Plan declining 1.43% for the valuation day. The exact-date Value Research Direct Plan record also showed a three-year annualised return of 9.74%.

The latest performance snapshot put the scheme's five-year annualised return at 12.96%. The shorter one-year period remained negative, underscoring the difference between recent market conditions and returns measured over longer horizons. SBI Contra follows a contrarian or value-oriented approach, seeking opportunities in companies that the investment team considers mispriced relative to their underlying prospects.

Assets under management were approximately ₹45,068 crore. The latest available 5paisa snapshot showed a Direct Growth expense ratio of around 0.88%, while the fund's minimum SIP was ₹500. Portfolio concentration was moderate across the largest disclosed stocks. HDFC Bank accounted for 4.79%, followed by Reliance Industries at 4.67%, ICICI Bank at 4.36%, Biocon at 3.29% and Kotak Mahindra Bank at 3.15%. Those five positions together represented roughly 20.26% of the portfolio.

A contra strategy can differ materially from broad-market portfolios because security selection is explicitly based on a contrarian framework. Consequently, short-term performance can diverge from conventional diversified equity indices or other equity categories. The ₹387.1125 NAV used here belongs specifically to the 23 October 2026 valuation date and was verified on the Direct Plan record; it has not been inferred from a Regular Plan or from another day's NAV.