December 25, 2025
RA Jainee
SBI Contra Fund
| Fund at a Glance | |
| NAV Growth | Rs 436.41 |
| NAV Bonus | — |
| NAV IDCW | Rs 92.10 |
| Min. Investment (Rs.) | 5000 |
| Min. SIP Investment (Rs.) | 500 |
| Min. No of Cheques | 12 |
| Benchmark | BSE 500 TRI |
| AUM Rs. | 49,838 Cr |
| (As on 30-Nov-2025) | |
| Expense | 0.68% |
| 1 Year Return (%) | 6.69 |
| 3 Year Return (%) | 22.56 |
| 5 Year Return (%) | 25.76 |
| 10 Year Return (%) | 17.58 |
| Return Since Launch | 16.58% |
⚖️ Sahifund Review – SBI Contra Fund
PLUS: Stability, track record, cost efficiency
SBI Contra Fund is a long-running value/contrarian performer with a strong wealth-creation record over long periods, reflecting disciplined buying during market pessimism. Its 3Y (22.56%) and 5Y (25.76%) returns are superior to the BSE 500 TRI, showing the strategy has worked across cycles. Expense ratio is reasonable at 0.68%, supporting compounding. Portfolio is well spread across 82 stocks and top-10 concentration is moderate (~33%), reducing single-stock risk. Valuations look sensible for a contra style (P/E ~17.75, P/B ~2.55), which can help downside control when markets overheat.
MINUS: Large AUM, large-cap bias, momentum lag
The fund’s very large AUM (Rs. 49,838 Cr) can reduce agility in quickly exploiting deep-value opportunities. Contra/value strategies can lag sharply in momentum-led rallies, so patience is essential. Recent 1-year return (6.69%) is not flashy and may look dull versus fast-moving peers in bull phases. With Very High riskometer, investors must be ready for phases of underperformance and stay committed for 5+ years.
Sahifund View (Decisive Line):
A strong core long-term SIP fund for investors who believe in value/contrarian cycles—avoid if you frequently switch funds based on 6–12 month performance.
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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 provide the investor with the opportunity of long-term capital appreciation by investing in a diversified portfolio of equity and equity related securities following a contrarian investment strategy.
Fund Manager:
1) Dinesh Balachandran
Education: Mr.Dinesh is a B.Tech from IIT-B, M.S. from MIT USA and CFA.
Experience: Prior to joining SBI Funds Management Pvt. Ltd. he has worked with Fidelity Investments, USA.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 1,000 |
| Lock-in Period | NA |
| Exit Load | 0.25% for redemption within 30 days |
| 0.1% for redemption after 30 days and within 90 days |
Basic Details of SBI Contra Fund
| Fund House | SBI Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 16.58% |
| Benchmark | BSE 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 49,838 Cr |
| (As on 30-Nov-2025) | |
| Expense | 0.68% |
| (As on 30-Nov-2025) | |
| Risk Grade | Low |
| Return Grade | High |
| Turnover | 12.00% |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| SBI Contra Dir | 6.81 | 0.16 | 1.04 | 4.12 | 5.44 | 6.69 | 22.56 | 25.76 | 22.05 | 17.58 |
| 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* | 6.85 | -0.19 | 1.35 | 3.92 | 5.42 | 6.46 | 22.16 | 21.25 | 17.90 | 15.89 |
Peer Comparison of SBI 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 (%) | |
| SBI Contra Dir | 5 star | 6.69 | 22.56 | 25.76 | 0.68 | 49,838 | 16.58 | 0.25 (30) | 12Y 11M | 12.00 |
| ICICI Pru Value Dir | 5 star | 14.13 | 22.97 | 24.20 | 0.96 | 60,391 | 18.82 | 1.00 (365) | 12Y 11M | 44.00 |
| HSBC Value Dir | 4 star | 7.03 | 25.83 | 24.11 | 0.76 | 14,553 | 19.71 | 1.00 (365) | 12Y 11M | 29.00 |
| Bandhan Value Dir | 4 star | 5.82 | 20.63 | 24.42 | 0.69 | 10,440 | 17.25 | 1.00 (365) | 12Y 11M | 37.00 |
| Nippon India Value Dir | 4 star | 4.78 | 23.94 | 22.83 | 1.08 | 9,246 | 16.62 | 1.00 (365) | 12Y 11M | 42.00 |
Portfolio Analysis of SBI Contra Fund
| No. of Stocks | 82 |
| Top 10 Stocks | 33.08% |
| Top 5 Stocks | 22.46% |
| Top 3 Sectors | 53.64% |
| Portfolio P/B Ratio | 2.55 |
| Portfolio P/E Ratio | 17.75 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,93,863 | 2,17,176 |
| Giant (%) | 50.55 | 58.52 |
| Large (%) | 24.64 | 16.77 |
| Mid (%) | 19.26 | 21.77 |
| Small (%) | 5.55 | 8.46 |
| Tiny (%) | — | 0.00 |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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