|Min SIP Amount||₹500|
|NAV||₹16.41 (06 Jul 2020)|
|Fund Started||05 Jul 1999|
|Fund Size||₹1,062 Cr|
|Bharti Airtel Ltd.||Communication||Equity||4.9%|
|CPSE Exchange Traded Fund||Financial||Mutual Fund||4.7%|
|ICICI Bank Ltd.||Financial||Equity||4.0%|
|HDFC Bank Ltd.||Financial||Equity||3.9%|
|HCL Technologies Ltd.||Technology||Equity||3.5%|
|Ultratech Cement Ltd.||Construction||Equity||3.3%|
|ICICI Prudential Life Insurance Company Ltd.||Financial||Equity||3.1%|
|Federal Bank Ltd.||Financial||Term Deposits||2.8%|
SBI Contra Fund Dividend is a Equity Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was made available to investors on 05 Jul 1999. Rama Iyer Srinivasan is the Current Fund Manager of SBI Contra Fund Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹1,062 Cr and the Latest NAV as of 06 Jul 2020 is ₹16.41.
The SBI Contra Fund Dividend is rated Moderately High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. Exit load of 1% if redeemed within 1 year
To provide the investors maximum growth opportunity through equity investments in stocks of growth oriented sectors of the economy. There are five sub-funds dedicated to specific investment themes viz. Information Technology,Pharmaceuticals, FMCG, Contrarian (investment in stocks currently out of favour) and Emerging Businesses
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.