Fund Details
SBI Contra Direct Plan Growth
| Risk | Very High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 1.63% |
| NAV | ₹163.52 (09 Apr 2021) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹1,856 Cr |
Returns
Comparison
1. 1Y Returns are higher than the category average returns
2. 3Y Returns are higher than the category average returns
1. Higher expense ratio - 1.65%
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 4.7% |
| ICICI Bank Ltd. | Financial | Equity | 4.7% |
| Axis Bank Ltd. | Financial | Equity | 4.7% |
| Infosys Ltd. | Technology | Equity | 3.4% |
| Sun Pharmaceutical Inds. Ltd. | Healthcare | Equity | 3.4% |
| Prism Johnson Ltd. | Construction | Equity | 3.0% |
| ICICI Prudential Life Insurance Company Ltd. | Financial | Equity | 2.9% |
| Lupin Ltd. | Healthcare | Equity | 2.8% |
| Carborundum Universal Ltd. | Metals | Equity | 2.6% |
| State Bank of India | Financial | Equity | 2.4% |
Fund Managers
SBI Contra Direct Plan Growth Details
SBI Contra Direct Plan Growth is a Equity Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Rama Iyer Srinivasan is the Current Fund Manager of SBI Contra Direct Plan Growth fund.The fund currently has an Asset Under Management(AUM) of ₹1,856 Cr and the Latest NAV as of 09 Apr 2021 is ₹163.52.
The SBI Contra Direct Plan Growth is rated Very High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. Exit load of 1% if redeemed within 1 year
Investment Objective
The scheme seeks to provide the investor with the opportunity of long-term capital appreciation by investing in a diversified portfolio of equity and equity related securities following a contrarian investment strategy.
Tax Implications
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.
