
Invesco India Contra Fund capitalises on pessimism to generate returns, and this fund has precisely done so, outperforming the benchmark 90 per cent of the time in terms of five-year rolling returns since inception. However, the fund has continued to trail an average value-oriented peer for three years, affecting its relative long-term performance since last year. Performance breakdown The fund has benefitted from its Technology picks, which were ailing at the time it had invested. Its consistent investment in NTPC and L&T and timely entry into Zomato have also been favourable. The capital goods sector has yielded mixed results. While increased invest
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