SBI Contra Fund Simplified Overview
Objective:
The SBI Contra Fund aims to help investors grow their money in the long term by
investing in a diverse mix of stocks using a contrarian strategy. This means it
focuses on buying stocks that are currently undervalued or not popular but have
potential for future growth.
Scheme
Type: This is an open-ended equity scheme, meaning investors can enter or exit
anytime.
Assets
Under Management (AUM) as of September 30, 2024: ₹41,416.6 cr
Returns
(Regular Growth):
·
20% since the fund started.
·
43% in the last year.
·
27% over 3 years.
·
31% over 5 years.
Investment
Criteria:
·
Minimum lump sum investment: ₹5,000 (in multiples of 1).
·
Minimum additional lump sum: ₹1,000 (in multiples of 1).
·
Minimum SIP (Systematic Investment Plan): ₹500.
Launch
Date:
July 14, 1999.
Expense
Ratio:
1.51% (this is the fee charged for managing
your investment).
Exit Load:
·
1% fee if you exit within 1 year.
·
No fee if you exit after 1 year.
Risk and
Return: The principal invested is at a very high risk, but the potential for
long-term returns is high.
Investment
Strategy:
·
At least 80% is invested in large-cap stocks.
·
At least 65% of the fund is invested in companies that follow a
contrarian strategy.
·
The fund can invest up to 35% in other equities, debt, or money
market instruments.
·
The fund uses a mix of top-down (looking at the broader economy
first) and bottom-up (analysing individual companies) approaches to select
stocks.
Important Note: Mutual fund investments are subject to market risks. Please read the scheme documents carefully before investing.
I am AMFI (Association of Mutual Funds in India)Registered
Ready to invest in SBI Contra Fund Visit our link or contact Details giving
Link-https://sbimfinitiatedtrxn.page.link/QxWZ6jV7zYxgHdjy6
For Details contact -M 9149674912
- email=ramabarik635@gmail.com
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