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Unfortunately No. If you compare the stocks portfolio of any of these Contra Funds and any of the top Equity Diversified funds you will see that they are similar. Atleast 60% of the stocks that Contra Funds have invested are present in the portfolio if a regular equity diversified fund. Even the Sectors in which these Contra Funds have invested is more or less the same as regular equity diversified funds.
Sector NameContra Fund - Sector WeightageRegular Fund - Sector WeightageFinancial Services19%21%Energy & Power14%15%Consumer Goods10%9%
The weightage in other sectors are comparable too.
Actually speaking, if we pick up the top stocks like ICICI Bank, HDFC Bank, Reliance Industries, Infosys etc, both the Contra Funds and Equity Diversified Funds have invested in them. Almost all of these funds have exposure to such stocks even though, they claim to be following a contrarian investment approach.
What else can I help you with?
Do you have Contra Funds in India?
Some of the leading Contra Funds available for us to invest are: 1. ING Contra Fund 2. Kotak Contra Fund 3. L & T Contra Fund 4. SBI Magnum Sector Funds Umbrella - Contra 5. TATA Contra Fund 6. UTI Contra Fund and 7. Religare Contra Fund
How have the Contra Funds in India Performed in the past few years?
Contrary to popular expectation, the Contra Funds haven't performed as well as investors would expect. The Category Average Returns of Contra funds has been: a. In the past 6 months = -16% b. In the past 1 year = -25% c. In the past 2 years = -2% d. In the past 5 years = 4% If we compare the returns that Equity Diversified Funds have given as a category average, they stand at: a. In the past 6 months = -14% b. In the past 1 year = -22% c. In the past 2 years = 2% d. In the past 5 years = 7% As you can see, Regular Equity Diversified Funds, as a whole have outperformed the Contra funds in the past 5 years.
Is it possible to diversify investment if invested in mutual funds?
Yes.They invest in lot of different shares.If you are outside India then go for direct investment in stocks or invest in Index Mutual Fund.
Is ok to invest in State bank of India Mutual Funds?
Yes. SBI Mutual Funds is a profitable and well performing mutual fund company in India. However all funds offered by SBI are not performing greatly so, you must look at the funds prospectus, offer document and past performance before taking your investment decision.
What are some GILT Mutual Funds in India?
These are Mutual Funds that invest exclusively in Government Securities like Government of India Bonds, RBI Bonds etc.Example:a. Birla Sun Life GILT Plus - Regular Planb. ICICI Prudential Gilt - Investment - PF Optionc. etc
Who owns mutual funds?
Although mutual funds are usually initiated and often indirectly managed by investment companies, shareholders own the funds
Who is the controlling authority for mutual funds?
The Securities and Exchanges Board of India SEBI and The Association of Mutual Funds in India (AMFI) control the Mutual Funds in India
What are the top 5 large cap mutual funds in India?
As of October 2023, some of the top large-cap mutual funds in India include the Axis Bluechip Fund, Mirae Asset Large Cap Fund, SBI Bluechip Fund, HDFC Top 100 Fund, and Kotak Standard Multicap Fund. These funds are known for their consistent performance, strong management teams, and investment in well-established companies. However, it's essential to review current performance, expense ratios, and investment objectives before making any investment decisions. Always consider consulting a financial advisor for personalized advice.
What is banking investment in India?
It is where, in india, you invest in banks.
How many types of mutual funds?
In India, there are at least 18 types of Mutual Funds that are available for investment. They are: 1. Equity Diversified Funds 2. Equity Midcap Funds 3. Equity Infrastructure Funds 4. Equity Banking Funds 5. Equity Pharma Funds 6. Equity FMCG Funds 7. Equity Technology Funds (IT) 8. Arbitrage Funds 9. Equity Index Funds 10. Balanced Funds 11. Monthly Income Plans 12. Debt Funds 13. Liquid Funds 14. Income Funds 15. GILT Funds 16. Gold ETFs 17. Fund of Funds - Equity Oriented 18. Fund of Funds - Debt Oriented
What do in start in the investment in mutual funds in India?
Being a newbie, I would suggest you to approach some expert or some reputed financial services company providing mutual funds investment services. They will help you out in your mutual funds selection process based on your financial objective and risk-bearing capacity. Initially, it is wise to invest a small amount of money until you gain a grip over the market. Once you gain confidence in the the market moves, then you can invest on your own.
What is ICICI bank in India?
Hi,ICICI Bank formerly Industrial Credit and Investment Corporation of India,is a major banking and financial services organization in India. It is the second largest bank in India and the largest private sector bank in India by market capitalization.Regards,ICICI Bank Customer Service Team.
