Top 3 Contra Funds With Highest Returns in 3 Years: Contra funds follow the contrarian strategy of investing. They invest in undervalued, overlooked, and underhyped stocks with potential to soar in the future. Their strategy is quite similar to value-oriented funds. That’s the reason a fund house can either have a contra or value-oriented fund. The other condition for contra funds is that they need to have at least 65 per cent of their investments in equity. Investors with a long-term investment may find contra funds suitable for them. Here, we take you through 3 contra funds that have given at least a 27 per cent annualised return in 3 years. 

 Invesco India Contra Fund – Direct Plan – Growth

The fund has given a 28.90 per cent annualised returns in the 3-year period.

It has assets under management (AUM) of Rs 18398.02 crore, while its net asset value (NAV) as on June 25, 2024, was Rs 158.95 .  

Benchmarked against BSE 500 TRI, the fund has given 19.30 per cent annualised returns since its inception in January 2013.

The fund has 39.12 per cent largecap, 17.41 per cent midcap, and 7.85 per cent smallcap stocks in its portfolio. 

The main stocks in its 82-stock portfolio are HDFC Bank, ICICI Bank, Infosys, M&M and Axis Bank.

With an expense ratio of 0.55 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 1,000 as minimum lump sum investment. 

A Rs 2,99,999 lump sum investment in the fund has grown to Rs 6,42,508 in 3 years.

Kotak India EQ Contra Fund – Direct Plan – Growth

The fund has given a 27.84 per cent annualised return in the 3-year time frame.

It has AUM of Rs 4,283 crore, while its NAV as on June 24, 2024, was Rs 176.28.  

Benchmarked against NIFTY 500 TRI, the fund given 17.47 per cent annualised returns since its launch in January 2013.

The fund has 60.8 per cent largecap, 17.78 per cent midcap, and 20.19 per cent smallcap stocks in its portfolio. 

The main stocks in its 54-stock portfolio are HDFC Bank, ICICI Bank, SBI, and RIL.

At an expense ratio of 0.58 per cent, the fund has Rs 1,000 as the minimum SIP investment and Rs 5,000 as minimum lump sum investment. 

A Rs 2,99,999 one-time investment in the fund has jumped to Rs 6,26,787 in the 3-year period.

SBI Contra Fund – Direct Plan – Growth

The fund has given 27.02 per cent annualised returns in 3 years.

It has AUM of Rs 45,496 crore, while its NAV as on June 24, 2024, was Rs 419.  

Benchmarked against BSE 500 TRI, the fund given 16.91 per cent annualised returns since its beginning in January 2013.

The fund has 62.67 per cent largecap, 13.63 per cent midcap, and 13.39 per cent smallcap stocks in its portfolio. 

The main stocks in its 82-stock portfolio are HDFC, Nifty 50, RIL, and Nifty Bank.

With an expense ratio of 0.62 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 5,000 as the minimum lump sum investment. 

A Rs 2,99,999 one-time investment in the fund has converted into Rs 6,14,803 in the 3-year time frame.