Shares out of favour at the time. Shares out of favour with the market at the time of buying.
Ranked by three-year return; funds without that figure at the end
Ranked by three-year return, the top three are Invesco India Contra Fund (+13.2% a year), Kotak Contra Fund (+12.6% a year) and SBI Contra Fund (+9.5% a year). Past returns do not tell you future returns.
Invesco India Contra Fund Invesco | -5.3% | +13.2% | +10.6% | 1/3 | 1.85% | ₹19,469 cr |
Kotak Contra Fund Kotak Mahindra | -6.0% | +12.6% | +11.4% | 2/3 | 2.03% | ₹5,073 cr |
| -7.9% | +9.5% | +12.3% | 3/3 | 1.63% | ₹45,212 cr | |
Bandhan Contra Fund Bandhan | — | — | — | — | 3.31% | — |
ICICI Prudential Contra Fund ICICI Prudential | — | — | — | — | 2.12% | ₹1,606 cr |
Motilal Oswal Contra Fund Motilal Oswal | — | — | — | — | 3.61% | ₹418 cr |
Answered from the figures above, updated every business day
6 funds, managing ₹71,778 cr between them as of 3 Nov 2026. The largest is SBI Contra Fund, at ₹45,212 cr.
The average Contra fund returned -6.4% over the last year, +11.8% a year over three years, +11.5% a year over five years. Over the last year the funds ranged from -7.9% to -5.3%. Past returns do not tell you future returns.
SBI Contra Fund, at 1.63% a year, against 2.07% for the average fund in the category. The expense ratio is taken out of the fund every day, so every return shown is already after it.
Invesco India Contra Fund, at +13.2% a year over the last three years, against +11.8% for the average fund. Past returns do not tell you future returns.
Their volatility over the last year averaged 13.2%: the higher it is, the more the price swings from day to day. 5 of 6 carry the riskometer level Very High, on SEBI's six-step scale from Low to Very High.
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NAV, expense ratio and fund disclosures as published by AMFI and the fund houses; prices as of 3 Nov 2026. Figures are computed independently and may differ from a fund house's own factsheet.
DiscoverMF is an information and analytics service. Nothing here is investment advice, a recommendation, or an offer to buy or sell any scheme. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past performance does not indicate future returns.