|Min SIP Amount||₹500|
|NAV||₹45.93 (03 Jul 2020)|
|Fund Started||11 Apr 2007|
|Fund Size||₹4,201 Cr|
|HDFC Bank Ltd.||Financial||Equity||8.6%|
|Reliance Industries Ltd.||Energy||Equity||8.4%|
|ICICI Bank Ltd.||Financial||Equity||7.0%|
|Bharti Airtel Ltd.||Communication||Equity||5.3%|
|Sun Pharmaceutical Inds. Ltd.||Healthcare||Equity||3.4%|
|Kotak Mahindra Bank Ltd.||Financial||Equity||3.2%|
|National Thermal Power Corp. Ltd.||Energy||Equity||2.8%|
|Apollo Hospitals Enterprise Ltd.||Healthcare||Equity||2.5%|
|United Spirits Ltd.||FMCG||Equity||2.4%|
Invesco India Contra Fund Growth is a Equity Mutual Fund Scheme launched by Invesco Mutual Fund. This scheme was made available to investors on 11 Apr 2007. Amit Ganatra, Taher Badshah is the Current Fund Manager of Invesco India Contra Fund Growth fund.The fund currently has an Asset Under Management(AUM) of ₹4,201 Cr and the Latest NAV as of 03 Jul 2020 is ₹45.93.
The Invesco India Contra Fund Growth is rated Moderately High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 1000. For units in excess of 10% of the investment, 1% will be charged for redemption within 1 year.
The investment objective of the Scheme is to generate capital ppreciation through investment in equity and equity related instruments. The Scheme will seek to generate capital appreciation through means of contrarian investing. However, there can be no assurance that the investment objective of the Scheme will be realised.Contrarian investing involves picking neglected stocks with strong asset values as well as focusing on high potential under owned sectors. The aim is to have a first mover advantage by investing into out of favour sectors/stocks thus increasing out-performance prospects. This can be done by monitoring stock/sector ownership and relating it to the fundamentals of the sector with an objective to get out of over-owned stocks and get into under-owned ones.
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.