Invesco India Contra Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 10, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Invesco India Contra Fund Direct Growth Plan closed at ₹160.01 as of 09 Sep 2026. The fund manages ₹20,100 Cr, and its 1-year, 3-year and 5-year returns are 0.65%, 14.65% and 13.58% respectively. It sits in the High Risk bucket, so the payoff profile is best read with a long horizon.
Our view is that this is a fund for investors who can tolerate uneven short-term moves in exchange for a stronger longer-term equity outcome. The benchmark has been weaker over the same horizons, while the portfolio is spread across 61 holdings with a meaningful tilt to large, established businesses.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹160.01 as of 09 Sep 2026 |
| AUM | ₹20,100 Cr |
| Expense Ratio | 0.53% |
| Launch Date | 01 Jan 2013 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Equity |
| Exit Load | Nil upto 10% of units and 1% for above the limits on or before 1Y, Nil after 1Y |
| Fund Managers | Taher Badshah |
The fund is managed by Taher Badshah.
Source data date: as of 09 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -2.18% | -4.69% |
| 3M | 6.84% | 0.93% |
| 1Y | 0.65% | -7.16% |
| 3Y | 14.65% | 6% |
| 5Y | 13.58% | 5.87% |
The recent pattern is uneven but constructive. The fund slipped over 1 month, yet it still did better than the benchmark in that window, and the 3-month recovery was materially stronger than the index. That suggests the portfolio can participate in rebounds, even when the short run stays choppy.
The longer view is more encouraging. The 3-year and 5-year figures are comfortably above the benchmark, which points to a fund that has added value through a full market cycle rather than only in one quarter. That matters for a contra strategy, because investors usually need time for the style to play out.
At the same time, the 1-year result is modest, which tells us the recent path has not been smooth. We see a clear gap between the short-term and long-term story: the fund has been better over medium and longer horizons than over the last year, but it has still held up better than the benchmark across the same windows.
Overall, the performance profile looks more like a patient compounder than a steady monthly performer. The benchmark comparison supports that view, because the fund has stayed ahead on the 3-year and 5-year measures while also showing some resilience in the more recent periods.
Source data date: as of 09 Sep 2026
Should you BUY or HOLD Invesco India Contra?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Invesco India Contra? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Invesco India Contra Fund Direct Growth Plan | 0.65% | 14.65% | 13.58% |
| Kotak Contra Fund Direct Growth Plan | 3.42% | 15.1% | 14.58% |
| Invesco India Contra Fund Direct Growth Plan | 0.65% | 14.65% | 13.58% |
| Motilal Oswal Contra Fund Direct Growth Plan | Data not available | Data not available | Data not available |
| Bandhan Contra Fund Direct Growth Plan | Data not available | Data not available | Data not available |
| SBI Contra Fund Direct Growth Plan | -0.77% | 10.89% | 15.49% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The fund’s 1-year return is below Kotak Contra Fund Direct Growth Plan, but it is still ahead of SBI Contra Fund Direct Growth Plan over the same period. On the medium-term side, its 3-year return trails Kotak’s figure by a small margin, while the 5-year result is also a little lower than Kotak’s. Against SBI, however, it looks stronger on 3-year performance and only slightly behind on 5-year performance. That split tells us the comparison is not uniform: the fund’s recent one-year and longer-cycle numbers are mixed relative to peers, but the available figures still show a credible long-term profile.
Source data date: as of 09 Sep 2026
Want to know more? Log in to Univest for more mutual fund insights.
Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| ICICI Bank Limited | Bank | 6.43% |
| Larsen & Toubro Limited | Infrastructure | 4.86% |
| Mahindra & Mahindra Limited | Automobile & Ancillaries | 3.56% |
| State Bank of India | Bank | 2.91% |
| Cholamandalam Investment and Finance Company Limited | Finance | 2.68% |
| Infosys Limited | IT | 2.62% |
| Bharti Airtel Limited | Telecom | 2.58% |
| Axis Bank Limited | Bank | 2.51% |
| Coforge Limited | IT | 2.36% |
| The Federal Bank Limited | Bank | 2.3% |
The top 10 holdings account for approximately 32.81% of the portfolio.
To see all holdings, visit the Invesco India Contra Fund Direct Growth Plan page
ICICI Bank Limited is the largest holding at 6.43%, followed by Larsen & Toubro Limited at 4.86%. The decline from the first holding to the tenth is gradual rather than abrupt, which suggests the visible sleeve is not dominated by one position alone. That may help reduce single-stock dependence, even though the fund still keeps meaningful exposure to a few large names.
The mix also shows an equity portfolio anchored in banks, infrastructure, autos, finance, IT and telecom. With 61 disclosed holdings in total, the fund may be reasonably diversified across individual companies, but the top 10 still carry a sizeable share. That means the larger positions are likely to have greater influence on outcomes than the smaller tail.
We would read this as a portfolio that blends concentration with breadth. The top holdings are substantial enough to matter, yet the list extends well beyond those names, which can support a longer-tail equity approach rather than a narrowly driven one.
Source data date: as of 09 Sep 2026
Who should invest
This fund suits investors who can accept High Risk exposure and are comfortable with a patchy short-term path. The 1-year return has been soft, but the 3-year and 5-year numbers are much stronger, which makes a longer horizon more appropriate than a short trading-style view.
The benchmark comparison is important here: the fund has done better than Nifty 50 over 3 years and 5 years, while also staying ahead in the recent 1-month and 3-month windows. The main trade-off is that the journey can be uneven, so investors need patience to let the contrarian style work through market cycles.
The portfolio also fits that message. Large banks, infrastructure and other cyclical businesses feature prominently, so the fund may appeal more to investors who are comfortable with equity volatility and want a diversified, style-driven portfolio rather than a defensive one.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: Nil upto 10% of units and 1% for above the limits on or before 1Y, Nil after 1Y.
Source data date: as of 09 Sep 2026
Frequently asked questions
What is the current NAV of Invesco India Contra Fund Direct Growth Plan?
The current NAV is ₹160.01 as of 09 Sep 2026.
How has the fund performed over 1 year, 3 years and 5 years?
Its returns are 0.65% over 1 year, 14.65% over 3 years and 13.58% over 5 years.
How does it compare with Nifty 50?
It has stayed ahead of Nifty 50 on the 1-month, 3-month, 3-year and 5-year measures shown here, while also avoiding the benchmark’s negative 1-year reading.
How does it compare with peer contra funds?
It is behind Kotak Contra Fund Direct Growth Plan on the available 1-year, 3-year and 5-year figures, but it is ahead of SBI Contra Fund Direct Growth Plan on 1-year and 3-year performance.
What is the minimum SIP amount?
The minimum SIP amount is ₹100.
Who manages the fund and what is the exit load?
Taher Badshah manages the fund. The exit load is Nil upto 10% of units and 1% for above the limits on or before 1Y, and Nil after 1Y.
Bottom line
The fund’s recent picture is mixed, but the longer-term picture is stronger. It has lagged in the last year while still staying ahead of the benchmark across the 3-year and 5-year windows, which makes the longer cycle more important than the latest year alone. Compared with peers, the available numbers show a solid but not dominant showing. The portfolio is led by banks, infrastructure and other large cyclical names, so this is better suited to patient investors who can handle High Risk equity volatility.
Published on 10 September 2026 at 11:14 AM IST
Explore mutual funds with Univest
Review mutual fund data, compare performance and explore fund insights on Univest.
RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.