SBI Contra Fund – Direct Growth

Equity · Contra
 · ★★★★★
Min Lumpsum
0.78 %
Expense Ratio
Fund Size (in Cr)
11 Years
Fund Age
Mutual Fund SIP Calculator
Monthly Investment
Max: ₹1,00,000
Investment Period
Max: 5 yrs
  • Invested Amount
  • Wealth Gained
  • Expected Amount

Scheme Performance

Returns and Ranks ( as on 21 September 2023 )
1Y1Y 3Y3Y 5Y5Y MaxMax
Trailing Returns 26% 39.1% 21.5% 16.3%
Category Average 13.5% 24.4% 14.4% -

Scheme Allocation

By Holding
By Sector
By Asset
View all Holdings
Holdings Sector Instrument Asset
HDFC Bank Banks Equity 3.05%
GAIL (India) Gas Distribution Equity 2.93%
Coforge IT - Software Equity 2.19%
Delhivery Logistics Equity 2.14%
ICICI Bank Banks Equity 2.06%
Axis Bank Banks Equity 2%
Cipla Pharmaceuticals Equity 1.98%
Reliance Industr Refineries Equity 1.93%
O N G C Crude Oil & Natural Gas Equity 1.89%
Biocon Pharmaceuticals Equity 1.87%
Equitas Sma. Fin Banks Equity 1.86%
Federal Bank Banks Equity 1.79%
Torrent Power Power Generation & Distribution Equity 1.78%
Tata Steel Steel Equity 1.71%
Punjab Natl.Bank Banks Equity 1.59%
ACC Cement Equity 1.43%
Power Grid Corpn Power Generation & Distribution Equity 1.41%
Coromandel Inter Fertilizers Equity 1.32%
United Spirits Alcoholic Beverages Equity 1.32%
Tata Motors Automobile Equity 1.32%
St Bk of India Banks Equity 1.3%
The Ramco Cement Cement Equity 1.25%
Aster DM Health. Healthcare Equity 1.21%
Multi Comm. Exc. Miscellaneous Equity 1.21%
I O C L Refineries Equity 1.19%
NMDC Mining & Mineral products Equity 1.15%
HDFC AMC Finance Equity 1.14%
Disa India Capital Goods-Non Electrical Equipment Equity 1.13%
Infosys IT - Software Equity 1.11%
ITC Tobacco Products Equity 1.1%
Wendt India Capital Goods-Non Electrical Equipment Equity 1.08%
Tech Mahindra IT - Software Equity 1.08%
Nuvoco Vistas Cement Equity 1.04%
Alkem Lab Pharmaceuticals Equity 1%
Bharti Airtel Telecomm-Service Equity 0.92%
FSN E-Commerce E-Commerce/App based Aggregator Equity 0.91%
Petronet LNG Gas Distribution Equity 0.9%
Hero Motocorp Automobile Equity 0.9%
Rallis India Agro Chemicals Equity 0.85%
Ashok Leyland Automobile Equity 0.85%
CESC Power Generation & Distribution Equity 0.82%
NHPC Ltd Power Generation & Distribution Equity 0.81%
Timken India Bearings Equity 0.81%
Sanofi India Pharmaceuticals Equity 0.78%
Lupin Pharmaceuticals Equity 0.75%
Ashiana Housing Realty Equity 0.74%
Larsen & Toubro Infrastructure Developers & Operators Equity 0.74%
Cummins India Capital Goods-Non Electrical Equipment Equity 0.74%
Sula Vineyards Alcoholic Beverages Equity 0.71%
Carborundum Uni. Capital Goods-Non Electrical Equipment Equity 0.7%
Neogen Chemicals Chemicals Equity 0.68%
B P C L Refineries Equity 0.68%
K P R Mill Ltd Readymade Garments/ Apparells Equity 0.67%
M & M Fin. Serv. Finance Equity 0.66%
Prism Johnson Cement Equity 0.65%
Tata Motors-DVR Automobile Equity 0.62%
Gateway Distri Logistics Equity 0.58%
V-Guard Industri Capital Goods - Electrical Equipment Equity 0.58%
Bosch Auto Ancillaries Equity 0.57%
Esab India Capital Goods-Non Electrical Equipment Equity 0.56%
Max Financial Finance Equity 0.55%
Natl. Aluminium Non Ferrous Metals Equity 0.53%
Bandhan Bank Banks Equity 0.52%
Ingersoll-Rand Capital Goods-Non Electrical Equipment Equity 0.51%
Solar Industries Chemicals Equity 0.5%
Voltas Consumer Durables Equity 0.49%
ICICI Pru Life Insurance Equity 0.48%
Colgate-Palmoliv FMCG Equity 0.45%
Kalpataru Proj. Capital Goods - Electrical Equipment Equity 0.39%
Automotive Axles Auto Ancillaries Equity 0.3%
Motherson Wiring Auto Ancillaries Equity 0.3%
Aurobindo Pharma Pharmaceuticals Equity 0.29%
Tube Investments Auto Ancillaries Equity 0.28%
M & M Automobile Equity 0.27%
NMDC Steel Steel Equity 0.24%
Greenply Industr Miscellaneous Equity 0.21%
Prestige Estates Realty Equity 0.21%
Jio Financial Finance Equity 0.19%
Prataap Snacks FMCG Equity 0.19%
HCL Technologies IT - Software Equity 0.16%
Andhra Paper Paper Equity 0.15%
Harsha Engg Intl Auto Ancillaries Equity 0.02%
LIC Housing Fin. Finance Equity 0%
Pharmaceuticals & Biotech
Industrial Products
View all Sectors
Sectors Asset
Banks 15.69%
Debt 12.16%
Pharmaceuticals & Biotech 6.42%
Power 5.39%
Industrial Products 4.94%
Cement & Cement Products 4.88%
Petroleum Products 4.39%
Gas 4.11%
Capital Markets 3.88%
IT-Software 3.62%
Others 3.36%
Automobiles 2.87%
Transport Services 2.7%
Beverages 2.26%
Fertilisers & Agrochemica 2.16%
Ferrous Metals 2.06%
Finance 1.87%
Oil 1.48%
Consumer Durables 1.29%
Auto Components 1.26%
Diversified FMCG 1.26%
Healthcare Services 1.24%
Construction 1.2%
Minerals & Mining 1.1%
Retailing 1.07%
Insurance 1.06%
Telecom-Services 1.03%
Industrial Manufacturing 1%
Agricultural, Commercial 0.93%
Realty 0.87%
Chemicals & Petrochemical 0.7%
Textiles & Apparels 0.61%
Non-Ferrous Metals 0.59%
Personal Products 0.51%
Food Products 0.18%
Paper, Forest & Jute Prod 0.15%
Cash & Others -0.29%
Reverse Repos
Foreign Equity
Net Curr Ass/Net Receivables

Advance Ratio


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.


Peer Comparison

Fund Name

AMC Contact Details

SBI Mutual Fund
7,63,724 Cr
9th Floor,Crescenzo, C-39&39, G Block, Bandra kurla complex, Bandra (east), Mumbai-400 051.
Email ID:

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 ₹298.4 as of 21 September 2023.

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 - 15.69%
  2. Debt - 12.16%
  3. Pharmaceuticals & Biotech - 6.42%
  4. Power - 5.39%
  5. Industrial Products - 4.94%

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 16.3% since inception

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

The expense ratio of SBI Contra Fund – Direct Growth is 0.78 % as of 21 September 2023.

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

The AUM of SBI Contra Fund – Direct Growth is ₹7,63,724 Cr as of 21 September 2023

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 - 3.05%
  2. GAIL (India) - 2.93%
  3. Coforge - 2.19%
  4. Delhivery - 2.14%
  5. ICICI Bank - 2.06%

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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