December 29, 2025
RA Jainee
Invesco India Contra Fund
| Fund at a Glance | |
| NAV Growth | Rs 162.09 |
| NAV Bonus | — |
| NAV IDCW | Rs 75.54 |
| Min. Investment (Rs.) | 1,000 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 12 |
| Benchmark | BSE 500 TRI |
| AUM Rs. | 20,596 Cr |
| (As on 30-Nov-2025) | |
| Expense | 0.53% |
| 1 Year Return (%) | 3.54 |
| 3 Year Return (%) | 21.46 |
| 5 Year Return (%) | 20.03 |
| 10 Year Return (%) | 17.71 |
| Return Since Launch | 18.66% |
⚖️ Sahifund Review — Invesco India Contra Fund ✓
PLUS: Stability, track record, cost efficiency
Invesco India Contra Fund follows a classic contrarian/value strategy, making it a differentiated choice in an otherwise growth-heavy market. With a track record since 2013, the fund has delivered consistent long-term returns, clocking ~21% over 3 years and ~18% over 10 years. The portfolio blends large caps with selective mid-cap value ideas, helping capture mean-reversion opportunities across cycles. A low expense ratio of 0.53% materially improves long-term compounding. Backed by Invesco Mutual Fund, the fund benefits from a disciplined, valuation-driven investment process.
MINUS: Large AUM, large-cap bias, momentum lag
With assets exceeding Rs. 20,500 Cr, the fund’s ability to swiftly exploit deep value pockets can be constrained. The contrarian style often lags during strong momentum-led bull phases, testing investor patience. Portfolio turnover is relatively high, and short-term returns can trail both benchmark and aggressive value peers in trending markets.
Decisive Line (Sahifund View):
Best suited for patient SIP investors (5–7+ years) who believe in value investing and can stay invested through periods of underperformance before mean-reversion plays out.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.
This fund follows a value/contrarian style of investing, which endeavours to find stocks that are priced significantly lower than what the fund management team believes is their true worth.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to generate capital appreciation by investing predominantly in Equity and Equity Related Instruments through contrarian investing.
Fund Manager:
1) Amit Ganatra
Education: Mr. Ganatra holds a Commerce degree and is a Charted Accountant. He is also a Chartered Financial Analyst from AIMR.
Experience: Prior to joining Invesco Asset Management (India) Pvt. Ltd., he has worked with HDFC Mutual Fund, DBS Cholamandalam AMC Pvt. Ltd. and Fidelity.
2) Taher Badshah
Education: Mr. Taher Badshah is a B.E (Electronics) and MMS (Finance) from University of Mumbai.
Experience: Prior to joining Invesco Asset Management Pvt. Ltd. he has worked with Motilal Oswal Asset Management Company Ltd., Aditya Birla Sun Life Mutual Fund, Kotak Mahindra and ICICI Prudential AMC.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days |
Basic Details of Invesco India Contra Fund
| Fund House | Invesco Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 18.66% |
| Benchmark | BSE 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 20,596 Cr |
| (As on 30-Nov-2025) | |
| Expense | 0.53% |
| (As on 30-Nov-2025) | |
| Risk Grade | Average |
| Return Grade | Average |
| Turnover | 53.00% |
Trailing Returns (%) of Invesco India Contra Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Invesco India Contra Dir | 3.80 | -0.44 | -0.84 | 4.40 | 1.20 | 3.54 | 21.46 | 20.03 | 18.43 | 17.71 |
| BSE 500 TRI | 7.53 | -0.17 | 0.73 | 2.95 | 3.84 | 7.43 | 17.38 | 17.18 | 16.16 | 14.93 |
| Equity: Value Oriented | 6.56 | -0.25 | -0.23 | 5.68 | 3.43 | 6.08 | 21.28 | 21.41 | 18.06 | 15.96 |
| Rank within category | 22 | 29 | 25 | 24 | 26 | 22 | 11 | 11 | 9 | 2 |
| Number of funds in category | 29 | 31 | 31 | 31 | 30 | 29 | 23 | 16 | 16 | 14 |
Peer Comparison of Invesco India Contra Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Invesco India Contra Dir | 3 star | 3.54 | 21.46 | 20.03 | 0.53 | 20,596 | 18.66 | 1.00 (365) | 12Y 11M | 53.00 |
| ICICI Pru Value Dir | 5 star | 13.65 | 22.37 | 24.10 | 0.96 | 60,391 | 18.78 | 1.00 (365) | 12Y 11M | 44.00 |
| SBI Contra Dir | 5 star | 6.26 | 21.64 | 25.39 | 0.68 | 49,838 | 16.53 | 0.25 (30) | 12Y 11M | 12.00 |
| HSBC Value Dir | 4 star | 6.71 | 24.82 | 24.02 | 0.76 | 14,553 | 19.68 | 1.00 (365) | 12Y 11M | 29.00 |
| Bandhan Value Dir | 4 star | 5.74 | 19.76 | 24.33 | 0.69 | 10,440 | 17.22 | 1.00 (365) | 12Y 11M | 37.00 |
Portfolio Analysis of Invesco India Contra Fund
| No. of Stocks | 75 |
| Top 10 Stocks | 39.11% |
| Top 5 Stocks | 26.01% |
| Top 3 Sectors | 60.35% |
| Portfolio P/B Ratio | 4.05 |
| Portfolio P/E Ratio | 28.87 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,67,583 | 2,17,176 |
| Giant (%) | 50.32 | 58.52 |
| Large (%) | 18.55 | 16.77 |
| Mid (%) | 27.51 | 21.77 |
| Small (%) | 3.62 | 8.46 |
| Tiny (%) | — | 0.00 |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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