# Contra funds

Shares out of favour with the market at the time of buying.

Full page: https://discovermf.com/categories/contra
Figures as of 4 Nov 2026, from DiscoverMF. Information, not investment advice. Past returns do not indicate future returns. Mutual fund investments are subject to market risks; read all scheme-related documents carefully.

6 funds managing ₹72,429 cr. Category averages: -5.0% over one year, +12.1% a year over three years; typical expense ratio 1.93%.

## All funds, by three-year return

| Fund | 1 year | 3 years (a year) | 5 years (a year) | Volatility | Expense ratio | Fund size |
| --- | --- | --- | --- | --- | --- | --- |
| [Invesco India Contra Fund](https://discovermf.com/funds/invesco-india-contra-fund-105460.md) | -3.8% | +13.6% | +10.9% | 15.5% | 1.85% | ₹19,648 cr |
| [Kotak Contra Fund](https://discovermf.com/funds/kotak-contra-fund-103040.md) | -4.6% | +13.0% | +11.7% | 14.8% | 2.02% | ₹5,149 cr |
| [SBI Contra Fund](https://discovermf.com/funds/sbi-contra-fund-102414.md) | -6.7% | +9.8% | +12.5% | 12.4% | 1.62% | ₹45,566 cr |
| [Bandhan Contra Fund](https://discovermf.com/funds/bandhan-contra-fund-154598.md) | — | — | — | 12.4% | 3.30% | — |
| [ICICI Prudential Contra Fund](https://discovermf.com/funds/icici-prudential-contra-fund-154741.md) | — | — | — | 13.0% | 1.80% | ₹1,641 cr |
| [Motilal Oswal Contra Fund](https://discovermf.com/funds/motilal-oswal-contra-fund-154338.md) | — | — | — | 13.5% | 3.61% | ₹424 cr |

## Questions

### How many Contra funds are there?

6 funds, managing ₹72,429 cr between them as of 4 Nov 2026. The largest is SBI Contra Fund, at ₹45,566 cr.

### What return have Contra funds given?

The average Contra fund returned -5.0% over the last year, +12.1% a year over three years, +11.7% a year over five years. Over the last year the funds ranged from -6.7% to -3.8%. Past returns do not tell you future returns.

### Which Contra fund has the lowest expense ratio?

SBI Contra Fund, at 1.62% a year, against 1.93% 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.

### Which Contra fund has the highest three-year return?

Invesco India Contra Fund, at +13.6% a year over the last three years, against +12.1% for the average fund. Past returns do not tell you future returns.

### How risky are Contra funds?

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.