SBI Contra Fund Regular Growth
SBI Contra Fund Regular Growth2Morning Star
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Min amount: ₹500
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|Risk||Moderately High risk|
|Exit Load||1% for 365 Days|
More about this fund
|Elgi Equipments Ltd||6.28%|
|HDFC Bank Ltd||5.92%|
|ICICI Bank Ltd||4.66%|
|Axis Bank Ltd||4.44%|
|JK Cement Ltd||3.58%|
|PNC Infratech Ltd||2.78%|
|Greenply Industries Ltd||2.6%|
|Equitas Holding Ltd||2.36%|
About SBI Contra Fund
SBI Contra Fund is a diversified equity fund with an objective to generate long term capital appreciation from a diversified portfolio that is substantially constituted of equity and equity linked instruments.
Pros & Cons of SBI Contra Fund
SBI Contra Fund offers the following benefits:
- SBI Contra fund balances out the risk and volatility that comes with small cap and micro- cap funds.
- These funds provide stability of a large cap fund as well. Well established companies tend to do well in all the market cycles and in Bull Run the smaller companies perform well, thereby making the returns of these funds very attractive.
- Flexibility: The fund has the flexibility to adapt to and to capitalize upon changing market conditions.
- Dynamic: Flexibility allows the scheme to be more responsive than reactive. This ensures that investors in the scheme stay ahead of the curve.
Certain drawbacks of SBI Contra Fund 1. During crisis, when the market sentiment is dipping, large and midcap stocks plunge to more depths, hurting investors badly. 2. Fund has seen portfolios overlap and has become benchmark huggers.
Fund Information and Statistics of SBI Contra Fund
i) Inception / Launch date
SBI Contra Fund was launched on Jul 14, 1999 by SBI Mutual Fund AMC.
ii) Risk level
Being an open ended equity oriented fund, this fund is a moderately high risk bet and suitable for investors who have a long-term investment horizon of more than 5 years.
Redemption of Units will be done by a repurchase/buyback by the fund house. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from date of receipt of request.
iv) Fund Manager
Mr. Dinesh Balachandran has been managing the fund since May 2018. He has an overall fund management experience of 25 years.
v) Entry / Exit load
The exit load is 1% if the units are redeemed within 12 months from the date of allotment in respect of purchase made other than through SIP. Also if redeemed within 12 months from the date of allotment of units of each instalment of SIP purchase, the same applies.
Tax benefits of investing in the fund
Long term capital gains tax applies to returns on this fund. A capital gain registered during a period of less than 1 year is defined as Short-term Capital Gain (STCG). A capital gain registered over a period of more than 1 year is defined as Long-term Capital Gains (LTCG). STCG are taxed at the rate of 15%. Long term capital gains in excess of Rs 1 lakh are taxed at the rate of 10% without the benefit of indexation.
About SBI Mutual Fund
SBI Mutual fund is formed by multiple investors who seek to invest on bonds, stock etc.The capital gains are registered with the Securities and Exchange Board of India (SEBI), and professional fund managers operate the funds and invest the fund capitals and attempts to produce capital gains.
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Min amount: ₹500
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns