Invesco India Contra Fund Growth

About Invesco Contra Fund

Invesco Contra Fund is an open-ended fund which invests in equity and equity-related instruments. However, it follows a contrarian investment approach meaning that it will purposefully go against the prevailing market sentiments. The goal of the fund is long-term capital appreciation.

Pros & Cons of Invesco Contra Fund

Invesco Contra Fund offers the following benefits: 1. It is said that no trading strategy is wrong as long as you are making money and the same goes for contra funds. 2. The scheme invests against market sentiments and delivers reasonable returns in the process. 3. The fund returns across time frames are better than average category returns.

Fund Information and Statistics of Invesco Contra Fund

i) Inception / Launch date

Invesco Contra Fund was launched on April 11, 2007 by Invesco Mutual Fund.

ii) Risk level

Investment in Invesco Contra Fund is a moderately high-risk bet and suitable only for investors with a sound knowledge of investing.

iii) Redemption

Redemption of Units will be done at applicable NAV prices on every business day. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days.

iv) Fund Manager

The fund is managed by Taher Badshah since 2017 and Amit Ganatra since 2007. They have a total experience of 38 years between them.

v) Entry / Exit load

The fund house does not charge any entry load or exit load if redeemed after one year from the date of allotment. However, 1% exit load is charged if redeemed before one year.

Tax benefits of investing in Invesco Contra Fund

The Short-term capital gain tax of 15% is levied if sold before one year from the date of allotment. Long-term capital gains, in excess of Rs 1 Lakh, will be taxed at 10% without indexation if redeemed after one year.

About Invesco Mutual Fund

Invesco is a global investment management firm publicly traded on NYSE. It has 980 billion USD in Assets Under Management across 1200 countries they serve. The fund house strives to provide financial care and best-in-class service. It achieves to do so with over 7,000 employees who believe in focus and commitment towards the clients.