(As of 31 Mar, 2021)
S&P BSE 500 India INR
Investors understand that their principal will be at Very High Risk.
To generate capital appreciation by investing predominantly in Equity and Equity Related Instruments through contrarian investing.
1 %(If redeemed within 365 days)
This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.
ICICI Bank Ltd
HDFC Bank Ltd
Axis Bank Ltd
Contra Funds take a contrarian approach to investing wherein the fund manager bets against the prevailing market trends by purchasing the under-performing / depressed assets. The underlying assumption behind this approach is that in the long-term the asset will stabilise and reach its actual value once the short term risks vanish. Investors of Contra Funds need to be aware that it’s a long term commitment here and they might not able to see any returns if they have short-term goals.
This fund is rated 5 stars by Morning Star Ratings.