Contra Mutual Funds

Contra Mutual Funds take a distinctly unconventional route in the world of investing. Rather than following the crowd, contra funds seek out stocks or sectors that are currently underperforming but may be fundamentally sound. The idea is simple: what’s unpopular today could be tomorrow’s opportunity. Fund managers look for companies that are undervalued or temporarily beaten down, believing that the market often overreacts in the short term. As conditions change, these overlooked investments can bounce back. While the strategy isn’t without risk, contra mutual funds are built for investors who think long-term and aren’t afraid to go against the grain.

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List of Contra Mutual Funds

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Blue mountain-inspired graphic above Invesco Mutual Fund written in blueInvesco India Contra Fund - Direct Growth

-8.85%

Fund Size (Cr.) - 19,248

Blue and red infinity-style symbol with Kotak Mutual fund written in whiteKotak Contra Fund - Direct Growth

-8.71%

Fund Size (Cr.) - 5,196

Blue circular emblem with three keyhole-shaped designs and a curved triangle together forming a tree like structure.SBI Contra Fund - Direct Growth

-9.67%

Fund Size (Cr.) - 45,068

Yellow shiny ball like structureMotilal Oswal Contra Fund - Direct Growth

0.00%

Fund Size (Cr.) - 407

Red lamp lilke geometric icon with flame like illustration in orange and yellowBandhan Contra Fund - Direct Growth

0.00%

Fund Size (Cr.) - 1,712

Orange and red emblem with small i written in white.ICICI Pru Contra Fund - Direct Growth

0.00%

Fund Size (Cr.) - 0

How Does a Contra Mutual Fund Work?

Contra mutual funds operate on the principle of contrarian investing i.e. buying into stocks or sectors that are currently out of favor but have strong long-term potential. Instead of following prevailing market sentiment, contra funds identify undervalued opportunities others might be overlooking due to short-term setbacks or negative sentiment. Fund managers assess companies with solid fundamentals that may be temporarily underperforming and invest with the expectation that market perceptions will eventually shift. This strategy requires patience and discipline, as the turnaround may take time.  The goal is to capitalise on market inefficiencies and cyclical trends, aiming for higher returns when these investments rebound. Contra mutual funds are best suited for long-term investors with a higher risk tolerance.
 

Popular Contra Mutual Funds

  • Min SIP Investment Amt
  • ₹ 100
  • AUM (Cr.)
  • ₹ 19,248
  • 3Y Returns
  • 13.06%

  • Invesco India Contra Fund - Direct Growth is an Contra Fund scheme that was launched on 01-01-2013 and is currently under the management of our experienced fund manager Taher Badshah. With an impressive AUM of ₹19,248 Crores, this scheme's latest NAV is ₹148.45 as of 10/23/2026 12:00:00 AM.


    Invesco India Contra Fund - Direct Growth scheme has delivered a return performance of -8.85% in the last 1 year, 13.06% in the last 3 years, and an since its launch. With a minimum SIP investment of just ₹ 100, this scheme offers a great investment opportunity for those looking to invest in Contra Fund.

  • Min SIP Investment Amt
  • ₹ 100
  • AUM (Cr.)
  • ₹ 19,248
  • 3Y Returns
  • 13.06%

  • Min SIP Investment Amt
  • ₹ 100
  • AUM (Cr.)
  • ₹ 5,196
  • 3Y Returns
  • 12.91%

  • Kotak Contra Fund - Direct Growth is an Contra Fund scheme that was launched on 01-01-2013 and is currently under the management of our experienced fund manager Shibani Kurian. With an impressive AUM of ₹5,196 Crores, this scheme's latest NAV is ₹167.435 as of 10/23/2026 12:00:00 AM.


    Kotak Contra Fund - Direct Growth scheme has delivered a return performance of -8.71% in the last 1 year, 12.91% in the last 3 years, and an since its launch. With a minimum SIP investment of just ₹ 100, this scheme offers a great investment opportunity for those looking to invest in Contra Fund.

  • Min SIP Investment Amt
  • ₹ 100
  • AUM (Cr.)
  • ₹ 5,196
  • 3Y Returns
  • 12.91%

  • Min SIP Investment Amt
  • ₹ 500
  • AUM (Cr.)
  • ₹ 45,068
  • 3Y Returns
  • 9.74%

  • SBI Contra Fund - Direct Growth is an Contra Fund scheme that was launched on 01-01-2013 and is currently under the management of our experienced fund manager Dinesh Balachandran. With an impressive AUM of ₹45,068 Crores, this scheme's latest NAV is ₹387.1125 as of 10/23/2026 12:00:00 AM.


    SBI Contra Fund - Direct Growth scheme has delivered a return performance of -9.67% in the last 1 year, 9.74% in the last 3 years, and an since its launch. With a minimum SIP investment of just ₹ 500, this scheme offers a great investment opportunity for those looking to invest in Contra Fund.

  • Min SIP Investment Amt
  • ₹ 500
  • AUM (Cr.)
  • ₹ 45,068
  • 3Y Returns
  • 9.74%

  • Min SIP Investment Amt
  • ₹ 500
  • AUM (Cr.)
  • ₹ 407
  • 3Y Returns
  • 0.00%

  • Motilal Oswal Contra Fund - Direct Growth is an Contra Fund scheme that was launched on 08-05-2026 and is currently under the management of our experienced fund manager Ankit Agarwal. With an impressive AUM of ₹407 Crores, this scheme's latest NAV is ₹9.9246 as of 10/23/2026 12:00:00 AM.


    Motilal Oswal Contra Fund - Direct Growth scheme has delivered a return performance of 0.00% in the last 1 year, 0.00% in the last 3 years, and an since its launch. With a minimum SIP investment of just ₹ 500, this scheme offers a great investment opportunity for those looking to invest in Contra Fund.

  • Min SIP Investment Amt
  • ₹ 500
  • AUM (Cr.)
  • ₹ 407
  • 3Y Returns
  • 0.00%

  • Min SIP Investment Amt
  • ₹ 100
  • AUM (Cr.)
  • ₹ 1,712
  • 3Y Returns
  • 0.00%

  • Bandhan Contra Fund - Direct Growth is an Contra Fund scheme that was launched on 10-08-2026 and is currently under the management of our experienced fund manager Prateek Poddar. With an impressive AUM of ₹1,712 Crores, this scheme's latest NAV is ₹9.337 as of 10/23/2026 12:00:00 AM.


    Bandhan Contra Fund - Direct Growth scheme has delivered a return performance of 0.00% in the last 1 year, 0.00% in the last 3 years, and an since its launch. With a minimum SIP investment of just ₹ 100, this scheme offers a great investment opportunity for those looking to invest in Contra Fund.

  • Min SIP Investment Amt
  • ₹ 100
  • AUM (Cr.)
  • ₹ 1,712
  • 3Y Returns
  • 0.00%

  • Min SIP Investment Amt
  • ₹ 100
  • AUM (Cr.)
  • ₹ 0
  • 3Y Returns
  • 0.00%

  • ICICI Pru Contra Fund - Direct Growth is an Contra Fund scheme that was launched on 28-09-2026 and is currently under the management of our experienced fund manager Sankaran Naren. With an impressive AUM of ₹0 Crores, this scheme's latest NAV is ₹9.77 as of 10/23/2026 12:00:00 AM.


    ICICI Pru Contra Fund - Direct Growth scheme has delivered a return performance of 0.00% in the last 1 year, 0.00% in the last 3 years, and an since its launch. With a minimum SIP investment of just ₹ 100, this scheme offers a great investment opportunity for those looking to invest in Contra Fund.

  • Min SIP Investment Amt
  • ₹ 100
  • AUM (Cr.)
  • ₹ 0
  • 3Y Returns
  • 0.00%
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