SBI Contra Fund Direct Growth records ₹411.70 NAV on 24 September; fund size crosses ₹48,000 crore
Anupama VM
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Last Updated: 25th September 2026 - 11:16 am
Key Takeaways:
- SBI Contra Fund Direct Growth posted a NAV of ₹411.70 on 24 September 2026, with a 1-day move of -0.30%.
- The scheme’s 3-year CAGR stood at 19.56%, one of the stronger three-year numbers in this batch.
- The fund size was approximately ₹48,562 crore, and the Direct Growth expense ratio was 0.74%.
- Minimum investment requirements were ₹500 for SIPs and ₹5,000 for lump-sum investments.
SBI Contra Fund Direct Growth recorded a NAV of ₹411.70 on 24 September 2026. The day’s move was -0.30%, which is better described as a decline rather than a sharp drop. Contra funds typically follow a distinct style, often taking positions that may differ from prevailing market preferences, so day-to-day moves can look a little different from mainstream diversified equity funds.
The more meaningful figure here is the three-year CAGR of 19.56%. That is a robust annualised number and helps explain why the scheme attracts regular attention among actively managed equity funds. The scheme also carried a long operating history of 13 years, so the current reading comes within an established track record rather than a very new product cycle.
Scale was sizeable as well. The fund managed around ₹48,562 crore. Its Direct Growth expense ratio was 0.74%, which sits alongside performance as one of the core quantitative details readers usually compare. The scheme also carried a 5-star rating on the 5paisa page snapshot for the date checked.
The entry ticket was higher than some peers in this batch. The minimum SIP stood at ₹500, and the minimum lump-sum amount was ₹5,000. Even so, the scheme remains accessible enough for regular investing plans while still being substantial in size and mature in age.
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