One of SBI Mutual Fund’s Contra mutual fund schemes is the SBI Contra Direct Plan-Growth. This fund was established on January 1, 2013, making it 11 years old. SBI Contra Direct Plan-Growth has assets under management (AUM) of ₹37,846 crores, making it a medium-sized fund in its category.
The majority of the fund’s assets are allocated to the financial, energy, healthcare, technology, metals and mining industries. Compared to other funds in the category, it has less exposure to the Financial and Energy sectors.
SBI Contra Fund Performance
The last year’s growth returns for the SBI Contra Direct Plan are 44.34%. It has produced returns of 18.30% on average year since debut. Every three years, the fund doubles the amount invested in it.
The SBI Contra Direct Plan-Growth scheme’s ability to provide consistent returns is comparable to that of the majority of funds in its category. Its capacity to manage losses in a declining market is above average.
SBI Contra Fund Returns
| Period | SBI Contra Fund | Category average |
|---|---|---|
| 1 month | 1.15% | 1.04% |
| 3 months | 12.57% | 14.23% |
| 6 months | 19.18% | 21.58% |
| 1 year | 44.45% | 48.14% |
| 3 years | 30.04% | 26.26% |
| 5 years | 32.93% | 28.34% |
SBI Contra Fund Top 5 Holdings
|
Nifty Bank
|
Financial | ID | 5.61% |
|
HDFC Bank Ltd.
|
Financial | Equity | 4.62% |
|
Kotak Mahindra Bank Ltd.
|
Financial | Equity | 2.69% |
|
GAIL (India) Ltd.
|
Energy | Equity | 2.63% |
|
State Bank of India
|
Financial | Equity | 2.53% |
|
Whirlpool Of India Ltd.
|
Consumer Discretionary | Equity | 2.35% |
SBI Contra Fund Suitability
If you invest for five years or longer, you can expect profits that outperform both inflation and fixed-income returns. However, you can expect your investment value to fluctuate along the way.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.