Launched in July 1999, SBI Contra Fund has completed 25 years. It follows a contrarian investment strategy. It has given a return of 19.99 per cent since its inception. Dinesh Balachandran and Pradeep Kesavan manage this fund. This fund has 88 stocks. These include a combination of large cap, mid cap and small cap stocks.
Bumper Returns Scheme: SBI Contra Fund has completed 25 years. It is India’s first contra-oriented mutual fund scheme. Launched in July 1999, this fund has given a return of 19.99% to its investors so far. On this occasion, the fund has also released its excellent performance figures. Contra-oriented means that this fund invests in companies that are performing in the opposite direction of the market. Launched in July 1999, SBI Contra Fund has given a great return to its investors so far.
It has been 19.99 percent. In comparison, its benchmark BSE 500 TRI has given a return of 16.12 percent. Better performance than its benchmark is a proof of the efficiency of the scheme’s investment strategy.
SIP of Rs 10,000 can make you owner of crores
If someone had been doing SIP of Rs 10,000 every month since the launch of the fund, then by June 30, his total amount would have become Rs 7.19 crores. This would have given XIRR return of 20.84 percent. The scheme has given SIP return of 17.94 percent in 15 years, 21.84 percent in 10 years and 35.62 percent in five years. In three years, the scheme has given 34.25 percent SIP return and 48.68 percent return in one year. On the other hand, the benchmark BSE 500 TRI gave a return of 15.86 percent in 15 years, 17.73 percent in 10 years, 24.82 percent in five years, 25.40 percent in three years and 43.02 percent in one year.
How much would an investment of Rs 1 lakh be?
If an investor had invested a lump sum of Rs 1 lakh in the fund at the time of its launch, his investment would have grown to Rs 95.3 lakh by June 28. As of June 30, 2024, the scheme had assets of Rs 34,366 crore. It has more than 20.5 lakh investors. The scheme is managed by Dinesh Balachandran and Pradeep Kesavan. The scheme is suitable for investors who want long-term capital appreciation. Also, those who wish to invest in a diversified portfolio of equity and equity-related securities under a contrarian investment strategy.
Where has the scheme invested how much?
The portfolio of this scheme consists of 88 stocks. The top 10 stocks make up 22.73% of the portfolio. The scheme has an allocation of 37.69% in large caps, 25.14% in mid caps, 13.86% in small caps and 23.31% in others. SBI Contra Fund has highest allocation in Banks at 14.22%, Healthcare & Automobiles & Ancillaries at 7.14%, Crude Oil at 5.95%, Power at 5.47%, Industrial Gas & Fuel at 4.46%, IT at 3.30%, Construction Materials at 2.85%, Consumer Durables at 2.72% and Iron Ore at 2.57%.
