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Invesco India Contra Fund Direct Plan Dividend Reinvestment

Equity

  

Contra Fund

NAV

20.67 -0.31

as on (03 Apr, 2020)

RETURNS

-2.35 %

Fund Type

Open Ended

Investment Plan

Dividend Reinvestment

Expense Ratio

0.86 %

Benchmark

S&P BSE 500 India INR

Asset Size

4668.45 Cr.

(As of 30 Apr, 2019)

Risk

Moderately High

Objective

To generate capital appreciation by investing predominantly in Equity and Equity Related Instruments through contrarian investing.

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Fund manager

Amit Ganatra

(since 14 Aug, 2012)

Exit load

1 %

(If redeemed within 365 days)

Minimum sip

₹ 500

minimum investment

₹ 1000

Top Holdings

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.

Company

Assets

HDFC Bank Ltd

8.98 %

Housing Development Finance Corp Ltd

6.46 %

Infosys Ltd

5.89 %

ICICI Bank Ltd

5.83 %

Sector Allocation

About the Scheme Type

Contra Fund

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.

Ratings

This fund is rated 5 stars by Morning Star Ratings.

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Overview of Invesco Asset Management (India) Private Ltd

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