Equity-Contra Fund : Double return on SIP, Lump sum investment; check out details

This fund has provided excellent returns on both SIP and lump sum investments. It has outperformed its benchmark in terms of returns on lump sum investments.

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Equity-Contra Fund: SBI Contra Fund is a highly rated Equity Mutual Fund offered by SBI Mutual Fund. This fund has provided excellent returns on both SIP and lump sum investments. It has outperformed its benchmark in terms of returns on lump sum investments. Learn more about this fund’s important details.

SBI Contra Fund AUM & NAV was established on July 14, 1999. It is an open-ended mutual fund that has been around for 19 years. There is no lock-in period for this contra category equity fund. As of October 31, 2022, its Asset Under Management (AUM) was Rs 6,694 crore. The fund’s Net Asset Value (NAV) as of November 15, 2022 under the Direct Plan – Growth Option is Rs 243.0931.

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The minimum amount of investment How many schemes have a minimum investment of Rs 5,000 and a minimum SIP investment of Rs 500? The additional minimum investment is Rs 1,000, as is the minimum balance. The minimum withdrawal amount is also Rs 500. For redemption within 365 days, the exit load is 1%. The Expense Ratio Direct Plan will pay 1.06 percent until September 30, 2022.

It has received a star rating Its benchmark is the S&P BSE 500. The fund has received a 5-star rating from both Value Research and CRISIL. However, it is a high-risk fund in which to invest. The scheme’s goal is to provide the investor with a long-term profit opportunity by investing in a diversified portfolio of equity and equity-related securities using a contrarian investment strategy.

Examine Annual Returns The Lumpsum Investment Return Fund returned 11.16% in one year, 41.45% in two years, 31.61% in three years, and 15.34% in five years. Returns on SIP The fund returned 22.85% in one year, 26.44% in two years, 36.51% in three years (almost doubling investors’ money), and 25.28% in five years.

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How is the portfolio doing? Equity accounts for approximately 88.06 percent of the fund’s corpus. The remaining 9.27% is in debt, with the remaining 2.67% in cash and cash equivalents. The fund has 75 stocks in its portfolio. Finance, technology, energy, automobile, healthcare, consumer staples, materials, metals and mining, services, chemicals, capital goods, construction, consumer discretionary, communications, insurance, and textiles are among the major sectors with stakes in these.

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