S&P BSE 500 India INR
(As of 31 Aug, 2020)
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.
Reliance Industries Ltd
HDFC Bank Ltd
ICICI 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.