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Invesco India Contra Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.55 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.16 Lakh

Analyst's Choice?

Suitability:

When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than 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 their true worth is.

Like all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other value oriented fund, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 3.31 0.83 0.05 3.40 8.05 11.27 12.55 15.64 11.76 17.81 --
S&P BSE 100 TRI 0.62 0.72 -1.14 0.01 5.08 8.14 12.29 13.90 8.09 12.06 --
Equity: Value Oriented 2.77 0.92 -0.25 3.10 6.36 7.64 8.46 9.47 7.81 13.97 --
Rank within category 4 11 4 8 4 4 4 2 1 2 --
Number of funds in category 17 17 17 17 17 17 17 14 13 13 1

As on 23-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 7.29 (19-Sep-2019 - 26-Sep-2019) -8.30 (17-Aug-2015 - 24-Aug-2015)
Month 20.37 (07-May-2014 - 06-Jun-2014) -13.07 (07-Sep-2018 - 09-Oct-2018)
Quarter 31.36 (13-Mar-2014 - 12-Jun-2014) -16.08 (29-May-2013 - 28-Aug-2013)
Year 96.49 (03-Sep-2013 - 03-Sep-2014) -15.87 (27-Feb-2015 - 29-Feb-2016)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 15.73 13.84 0.72 1.15 0.53 11.90
S&P BSE 100 TRI 14.72 12.42 1.12 -- -- --
Equity: Value Oriented 10.65 13.89 0.36 0.56 0.53 6.83
Rank within category 2 7 2 2 7 2
Number of funds in category 15 15 15 15 15 15

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Dec-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 53
Top 10 Stocks (%) 47.72
Top 5 Stocks (%) 34.56
Top 3 Sectors (%) 55.96
Portfolio P/B Ratio 2.94
Portfolio P/E Ratio 23.97

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 94,978 81,259
Giant (%) 55.35 46.77
Large (%) 12.59 15.67
Mid (%) 23.98 24.66
Small (%) 8.08 14.49
Tiny (%) -- 0.40

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down ICICI Bank Financial 66.46 9.14 0.00 9.14
up HDFC Bank Financial 25.96 8.98 5.59 8.76
up Reliance Industries Energy 22.32 8.65 0.00 6.92
up Infosys Technology 20.44 6.31 3.80 5.42
up Axis Bank Financial 42.58 5.48 0.00 4.32
up Bharti Airtel Communication -- 3.18 0.00 3.18
up State Bank of India Financial 28.51 3.49 0.00 2.96
down Sun Pharmaceutical Inds. Healthcare 24.93 3.34 1.21 2.41
up Apollo Hospitals Healthcare 70.50 2.58 0.00 2.36
up HCL Technologies Technology 15.56 4.54 0.00 2.25
down ITC FMCG 21.06 6.97 0.00 2.24
up United Spirits FMCG 57.10 3.29 0.00 2.12
up Maruti Suzuki India Automobile 35.49 6.38 0.00 2.09
up NTPC Energy 9.58 3.71 0.00 2.02
up Indusind Bank Financial 20.51 4.62 0.00 1.98
down Cholamandalam Invest. & Fin. Financial 20.76 2.19 0.00 1.94
equal Coromandel International Chemicals 21.53 3.50 0.00 1.86
down Larsen & Toubro Construction 19.15 5.30 0.00 1.69
equal Aditya Birla Fashion and Retail Services 60.05 1.70 0.00 1.67
up Escorts Automobile 19.26 1.58 0.00 1.58
up TVS Motor Co. Automobile 31.09 1.54 0.00 1.54
equal Tech Mahindra Technology 16.80 3.16 0.00 1.52
up Torrent Power Energy 11.91 1.79 0.00 1.51
up Hexaware Technologies Technology 17.21 1.94 0.00 1.42
equal Ultratech Cement Construction 40.68 1.42 0.00 1.34

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Dec-2019

Fund Manager

— Amit Ganatra since 01-Jan-2013

Education: Mr. Ganatra holds a Commerce degree and is a Charted Accountant. He is also a Chartered Financial Analyst from AIMR.

Experience: Prior to joining Invesco Mutual Fund, he has worked with DBS Cholamandalam AMC Pvt. Ltd. and Fidelity.

Funds Managed:

— Taher Badshah since 13-Jan-2017

Education: Mr. Taher Badshah is a B.E (Electronics) and MMS (Finance) from University of Mumbai.

Experience: Prior to joining Invesco Asset Management Pvt. Ltd. he has worked with Motilal Oswal Asset Management Company Ltd., Aditya Birla Sun Life Mutual Fund, Kotak Mahindra and ICICI Prudential AMC.

Interviews:

Funds Managed:


0.83%

Change from previous, NAV as on 23-Jan-2020

Growth: ₹ 55.6000

Dividend: ₹ 30.1300


Investment Strategy

The scheme seeks to generate capital appreciation by investing predominantly in Equity and Equity Related Instruments through contrarian investing.

Investment Details

Minimum Investment (₹) 1,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) --
Exit Load For units in excess of 10% of the investment,1% will be charged for redemption within 365 days

Basic Details

Fund House: Invesco Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 17.73%
Benchmark: S&P BSE 500 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 4,596 Cr (As on 31-Dec-2019)
Expense: 0.96% (As on 31-Dec-2019)
Risk Grade: Below Average
Return Grade: High
Turnover: 110.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend28-Mar-20192.0719

 23-Mar-20183.2500
 11-Apr-20172.6000
 22-Mar-20162.6500

Contact Information

AMC: Invesco Asset Management (India) Pvt. Ltd

Address: 2101 - A-A Wing - 21st Floor, Marathon Futurex, N.M. Joshi Marg, Lower Parel, Mumbai - 400013

Phone: 022-67310000 / 1800-209-0007

Fax: 022-23019422

Email: [email protected]

Website: www.invescomutualfund.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM