SBI Contra Fund – Direct Growth

Equity · Contra
 · ★★★★★
500
Min SIP
5,000
Min Lumpsum
0.68 %
Expense Ratio
★★★★★
Rating
23,572
Fund Size (in Cr)
11 Years
Fund Age
Mutual Fund SIP Calculator
Monthly Investment
Max: ₹1,00,000
Investment Period
Yrs
Max: 5 yrs
  • Invested Amount
    --
  • Wealth Gained
    --
  • Expected Amount
    --

Scheme Performance

Returns and Ranks ( as on 01 March 2024 )
1Y1Y 3Y3Y 5Y5Y MaxMax
Trailing Returns 50.2% 31.1% 27.6% 17.6%
Category Average 38.3% 18.5% 18.8% -

Scheme Allocation

By Holding
By Sector
By Asset
3.26%
3.01%
2.3%
Others
86.31%
View all Holdings
Holdings Sector Instrument Asset
HDFC Bank Banks Equity 3.26%
GAIL (India) Gas Distribution Equity 3.01%
St Bk of India Banks Equity 2.79%
Punjab Natl.Bank Banks Equity 2.33%
ICICI Bank Banks Equity 2.3%
Petronet LNG Gas Distribution Equity 1.99%
Tata Steel Steel Equity 1.92%
Biocon Pharmaceuticals Equity 1.91%
O N G C Crude Oil & Natural Gas Equity 1.87%
Axis Bank Banks Equity 1.86%
Torrent Power Power Generation & Distribution Equity 1.69%
Cipla Pharmaceuticals Equity 1.63%
ICICI Pru Life Insurance Equity 1.56%
ACC Cement Equity 1.56%
FSN E-Commerce E-Commerce/App based Aggregator Equity 1.51%
Reliance Industr Refineries Equity 1.49%
Tech Mahindra IT - Software Equity 1.47%
Delhivery Logistics Equity 1.36%
CESC Power Generation & Distribution Equity 1.33%
Equitas Sma. Fin Banks Equity 1.32%
NMDC Mining & Mineral products Equity 1.28%
Voltas Consumer Durables Equity 1.27%
Power Grid Corpn Power Generation & Distribution Equity 1.23%
Hindalco Inds. Non Ferrous Metals Equity 1.23%
M & M Automobile Equity 1.22%
Tata Motors Automobile Equity 1.2%
Infosys IT - Software Equity 1.16%
Federal Bank Banks Equity 1.14%
I O C L Refineries Equity 1.03%
Natl. Aluminium Non Ferrous Metals Equity 0.99%
Bank of India Banks Equity 0.98%
Cummins India Capital Goods-Non Electrical Equipment Equity 0.96%
Alkem Lab Pharmaceuticals Equity 0.96%
HDFC AMC Finance Equity 0.95%
G R Infraproject Infrastructure Developers & Operators Equity 0.93%
NHPC Ltd Power Generation & Distribution Equity 0.91%
The Ramco Cement Cement Equity 0.91%
Hero Motocorp Automobile Equity 0.88%
United Spirits Alcoholic Beverages Equity 0.88%
Info Edg.(India) E-Commerce/App based Aggregator Equity 0.88%
Maruti Suzuki Automobile Equity 0.84%
M & M Fin. Serv. Finance Equity 0.84%
Nuvoco Vistas Cement Equity 0.81%
Ashiana Housing Realty Equity 0.8%
Grindwell Norton Capital Goods-Non Electrical Equipment Equity 0.8%
Coromandel Inter Fertilizers Equity 0.79%
Tata Motors-DVR Automobile Equity 0.79%
Ashok Leyland Automobile Equity 0.78%
Bharti Airtel Telecomm-Service Equity 0.78%
Disa India Capital Goods-Non Electrical Equipment Equity 0.73%
ITC Tobacco Products Equity 0.68%
JSW Infrast Marine Port & Services Equity 0.67%
Gland Pharma Pharmaceuticals Equity 0.67%
Prism Johnson Cement Equity 0.66%
Wendt India Capital Goods-Non Electrical Equipment Equity 0.65%
Lupin Pharmaceuticals Equity 0.64%
Coforge IT - Software Equity 0.64%
B P C L Refineries Equity 0.62%
Grasim Inds Textiles Equity 0.6%
Sanofi India Pharmaceuticals Equity 0.59%
Rallis India Agro Chemicals Equity 0.59%
Sula Vineyards Alcoholic Beverages Equity 0.57%
Timken India Bearings Equity 0.52%
Neogen Chemicals Chemicals Equity 0.49%
Gateway Distri Logistics Equity 0.47%
Bosch Auto Ancillaries Equity 0.45%
Carborundum Uni. Capital Goods-Non Electrical Equipment Equity 0.43%
K P R Mill Ltd Readymade Garments/ Apparells Equity 0.43%
Indian Energy Ex Miscellaneous Equity 0.4%
V-Guard Industri Capital Goods - Electrical Equipment Equity 0.34%
Ingersoll-Rand Capital Goods-Non Electrical Equipment Equity 0.32%
Max Financial Finance Equity 0.32%
Kalpataru Proj. Capital Goods - Electrical Equipment Equity 0.29%
Aurobindo Pharma Pharmaceuticals Equity 0.25%
Tube Investments Auto Ancillaries Equity 0.24%
Greenply Industr Plywood Boards/Laminates Equity 0.2%
Motherson Wiring Auto Ancillaries Equity 0.19%
Automotive Axles Auto Ancillaries Equity 0.17%
Prataap Snacks FMCG Equity 0.16%
Jio Financial Finance Equity 0.12%
Dabur India FMCG Equity 0.1%
Tata Technolog. IT - Software Equity 0.09%
NMDC Steel Steel Equity 0.08%
Solar Industries Aerospace & Defence Equity 0.08%
Finolex Inds. Plastic products Equity 0.06%
Banks
15.98%
Debt
14.57%
Pharmaceuticals & Biotech
6.65%
Power
5.16%
Gas
5%
Others
52.64%
View all Sectors
Sectors Asset
Banks 15.98%
Debt 14.57%
Pharmaceuticals & Biotech 6.65%
Power 5.16%
Gas 5%
Automobiles 4.93%
Cement & Cement Products 4.58%
Others 4.44%
Industrial Products 3.74%
IT-Software 3.27%
Petroleum Products 3.14%
Retailing 2.39%
Non-Ferrous Metals 2.22%
Ferrous Metals 2%
Insurance 1.88%
Oil 1.87%
Transport Services 1.83%
Consumer Durables 1.81%
Beverages 1.45%
Fertilisers & Agrochemica 1.38%
Capital Markets 1.35%
Minerals & Mining 1.28%
Construction 1.22%
Auto Components 1.05%
Finance 0.96%
Realty 0.8%
Agricultural, Commercial 0.78%
Telecom-Services 0.78%
Industrial Manufacturing 0.73%
Diversified FMCG 0.68%
Transport Infrastructure 0.67%
Chemicals & Petrochemical 0.57%
Textiles & Apparels 0.43%
Food Products 0.16%
Personal Products 0.1%
IT-Services 0.09%
Cash & Others -0.97%
Equity
80.93%
T-Bills
7.51%
Reverse Repos
7.06%
Foreign Equity
4.4%
REITs
1.03%

Advance Ratio

11.63
Alpha
3.7
SD
0.86
Beta
1.84
Sharpe

Exit Load

Exit Load For exit within 1 year from th date of allotment - 1%. For exit after 1 years from the date of allotment - NIL.

Fund Objective

By actively managing investments using a contrarian investing strategy, SBI Contra Fund seeks to offer investors chances for long-term capital appreciation. A minimum of 65% of the fund’s assets are allocated to equities of businesses with a contrarian investment strategy.

Ever since its launch on May 9, 2005, its benchmark has achieved a Nifty 500 value in the 50 total return index. Mr. Harish Krishnan is the manager of this fund.

Pros and Cons

Pros Cons
Has been known to generate consistent returns throughout the years. Highly volatile within its specific investment category, denoting greater danger of losing money.
It has a track of always overcoming its benchmark of the NIFTY 500 Total Index.
There are lower ‘downside risk’ probabilities in SBI contra fund as assets, more or less, retain their prices even when there is no growth.

Who should invest in SBI contra fund?

SBI Contra fund requires very patient investors. The reason is that these funds invest in stocks that are underperforming at the moment. Hence, investors need to wait patiently till the reasons for underperformance are neutralised, and the stocks start earning profits again.

The investor should be willing to bear the high magnitude of short-term risks when investing in SBI Contra Fund as compared to investing in other funds. This fund bets on the underdogs instead of chasing the momentum and big shots of the market

The investor also requires an investment horizon of more than five years to invest here. Urgency will not bear fruit in this case.

Benefits of investing in SBI Contra fund

  • SBI Contra Fund has the flexibility to invest up to 35-37% in other equities and/or money or debt market instruments. Such flexibility proves to be extremely useful to the investor, reducing risks and volatility while ensuring a steady flow of revenue returns.
  • The fund follows a combination of a top-down and bottom-up approach to picking stocks. As a result, no stone is left unturned. Investors are given a chance to avail profits from each and every potential stock.
  • While the risks are high, this type of investment offers the investors an opportunity to earn superlative returns owing to the method it employs. It is, for this very reason, pretty lucrative for anybody aiming at heavy cash.
  • SBI contra fund invests in stocks of companies from the best profit-generating sectors and holds on to them till their demand increases. In this way, investors can take advantage of future trends in the stock market.
  • In SBI contra fund, the performance of only the selected stocks and the alleviation of the factors which undermine them is more important. Hence, investors gain profits even when the collective markets are making bad or booking losses, despite the markets being at an all-time apex.

Fund Managers

Dinesh Balachandran

Mr Dinesh Balachandran joined SBI MF as a Senior Credit Analyst in 2012 and currently holds the position of Head of Research. He currently manages an AUM of INR 38,525 crores. At SBI MF, Mr Balachandran manages SBI Balanced Advantage Fund, SBI Contra Fund, SBI Long Term Equity Fund, and SBI Multi-Asset Allocation Fund. Before joining SBI MF, he worked with Fidelity in the US.

Risk-O-Meter

Peer Comparison

Fund Name

AMC Contact Details

SBI Mutual Fund
AUM:
8,28,312 Cr
Address:
9th Floor,Crescenzo, C-39&39, G Block, Bandra kurla complex, Bandra (east), Mumbai-400 051.
Contact:
022-61793000
Email ID:
partnerforlife@sbimf.com

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Frequently Asked Questions

How to invest in SBI Contra Fund – Direct Growth ?

You can invest in SBI Contra Fund – Direct Growth in a quick and simple process. Follow the below steps;
  • Login to your 5paisa account, Go to the Mutual Funds section.
  • Search for SBI Contra Fund – Direct Growth in the search box.
  • Click on "Start SIP" if you wish to do a SIP or click on “One-time” if you wish to invest a lumpsum amount then click on "Invest Now"

What is the NAV of SBI Contra Fund – Direct Growth ?

The NAV of SBI Contra Fund – Direct Growth is ₹363.9 as of 01 March 2024.

How to redeem SBI Contra Fund – Direct Growth holding ?

You can go to your holding on the app and click on the fund name you will get two options Invest More and Redeem; click on redeem and enter the amount or units you desire to redeem or you can tick on “Redeem all units”.

What is the minimum sip amount of SBI Contra Fund – Direct Growth?

The minimum SIP amount of SBI Contra Fund – Direct Growth is ₹500

What are the top sectors SBI Contra Fund – Direct Growth has invested in?

The top sectors SBI Contra Fund – Direct Growth has invested in are
  1. Banks - 15.98%
  2. Debt - 14.57%
  3. Pharmaceuticals & Biotech - 6.65%
  4. Power - 5.16%
  5. Gas - 5%

Can I make investments in both the SIP and Lump Sum schemes of SBI Contra Fund – Direct Growth?

Yes, You can select both SIP or Lumpsum investment of SBI Contra Fund – Direct Growth based on your investment objective and risk tolerance.

How much returns have SBI Contra Fund – Direct Growth generated ?

The SBI Contra Fund – Direct Growth has delivered 17.6% since inception

What is the expense ratio of SBI Contra Fund – Direct Growth ?

The expense ratio of SBI Contra Fund – Direct Growth is 0.68 % as of 01 March 2024.

What is the AUM of SBI Contra Fund – Direct Growth?

The AUM of SBI Contra Fund – Direct Growth is ₹8,28,312 Cr as of 01 March 2024

What are the top stock holdings of SBI Contra Fund – Direct Growth?

The top stock holdings of SBI Contra Fund – Direct Growth are
  1. HDFC Bank - 3.26%
  2. GAIL (India) - 3.01%
  3. St Bk of India - 2.79%
  4. Punjab Natl.Bank - 2.33%
  5. ICICI Bank - 2.3%

How can I redeem my investments in SBI Contra Fund – Direct Growth?

Step 1: Visit the fund house's website
Step 2: Log in to your account by adding Folio No. and M-Pin
Step 3: Click on Widhrawal > Redemption
Step 4: Select SBI Contra Fund – Direct Growth in Scheme, enter the redemption amount, and click on submit button.

Is there any lock in period for SBI Contra Fund - Direct Growth?

No, there is lock no in period for SBI Contra Fund – Direct Growth.

 

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