EquityContra FundRegularIDCWVery High

SBI Contra Fund

Q: What is the NAV of SBI Contra Fund?

As of 20 Aug 2026, the NAV of SBI Contra Fund is ₹65.63 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has SBI Contra Fund delivered?

SBI Contra Fund has returned -0.78% over 1 year, +12.40% per year over 3 years, +16.53% per year over 5 years and +4.14% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of SBI Contra Fund?

SBI Contra Fund charges an expense ratio of 1.61% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of SBI Contra Fund?

Its largest holdings are NIFTY_28/07/2026 (7.6%), HDFC Bank Ltd (5.1%), Reliance Industries Ltd (4.8%), ICICI Bank Ltd (4.3%) and Biocon Ltd (3.5%). Holdings are disclosed monthly and change over time.

Q: How risky is SBI Contra Fund?

It is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 12.5% and its worst peak-to-trough fall in our sample was -71.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.47 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. SBI Contra Fund's 0.47 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of SBI Contra Fund?

SBI Contra Fund is benchmarked against the BSE 500 Total Return Index. Its alpha and beta on this page are measured against that index.

Q: Who manages SBI Contra Fund?

SBI Contra Fund is managed by Dinesh Balachandran at SBI.

Q: How is SBI Contra Fund taxed?

SBI Contra Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

SBI Mutual Fund · Best Contra Mutual Funds

This is the Regular plan of SBI Contra Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.

NAV

₹65.63

+0.33% 1D

as of 20 Aug 2026

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Performance

-0.61%CAGR

52-week rangePrev NAV ₹65.41

Latest ₹65.63

Low ₹60.1658th percentile of its 52-week rangeHigh ₹69.64

Scorecard

★★★☆☆3/5 vs 464 Equity peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked against all Equity funds (same plan and option) — too few funds in its own sub-category to rank within it.

Performance—

Not enough Contra Fund peers to rank yet

Risk—

Volatility 12.5% (no category average yet)

Cost—

1.6% expense (no category average yet)

ConsistencyLow

57% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

No standout strengths identified.

Concerns

Positive in only 57% of rolling 3-year windows

Key Metrics

Annual fee charged by the fund, already deducted from NAV

Category —

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

Category —

Excess return per unit of total volatility (rf = 6.5%)

0.47

Category —

Scheme Info

Definitions

Plan

Regular · IDCW

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

Exit Load

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Smallest recurring SIP instalment the scheme accepts

Smallest one-time (lumpsum) investment the scheme accepts

Benchmark

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

03 Apr 2006

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-0.11%

Absolute return over the last 3 months (not annualized)

+2.09%

Absolute return over the last 6 months (not annualized)

-3.40%

Absolute return since 1 Jan of this year (not annualized)

-5.09%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-0.78%

3-year annualized return (CAGR)

+12.40%

5-year annualized return (CAGR)

+16.53%

10-year annualized return (CAGR)

+12.28%

Annualized return (CAGR) since the fund's inception

+4.14%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

12.53%

Excess return per unit of total volatility (rf = 6.5%)

0.47

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

0.63

Largest peak-to-trough decline over full history

-71.25%

Benchmark ratios (vs Nifty 500 · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500

0.48%

Sensitivity to Nifty 500 moves; 1 = moves with the index

0.90

How much of the fund's movement Nifty 500 explains

95.3%

Excess return per unit of beta (market risk)

5.74

Active return over the benchmark per unit of tracking error

0.02

Annualized std dev of fund-minus-benchmark returns

3.42%

Fund's share of benchmark gains in up months (100 = matches index)

92.7%

Fund's share of benchmark losses in down months (lower is better)

87.1%

Computed vs the Nifty 500 price index — the closest match to this fund's mandate. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Contra Fund)

Period	Fund	Category avg.	Diff
1M abs	-0.11%	—	—
3M abs	+2.09%	—	—
6M abs	-3.40%	—	—
1Y CAGR	-0.78%	—	—
3Y CAGR	+12.40%	—	—
5Y CAGR	+16.53%	—	—

Category average across peers in Contra Fund (up to 3 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Rolling returns

Return for every possible 1Y holding period, not just today’s

This fundNifty 500

Average

+8.6%

Median

+4.1%

Best

+105.8%

Worst

-59.6%

Positive periods

58.4%

233 overlapping 1Y windows, sampled monthly across the fund’s history.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹7.99L

Absolute

+33.10%

XIRR

+11.75%

Value vs. invested

60 monthly installments of ₹10,000 into SBI Contra Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty 500	Diff
2026part	-5.12%	-1.50%	-3.62%
2025	+6.13%	+6.69%	-0.56%
2024	+18.80%	+15.16%	+3.64%
2023	+38.22%	+25.76%	+12.46%
2022	+12.76%	+3.02%	+9.74%
2021	+49.93%	+30.19%	+19.74%
2020	+30.60%	+16.67%	+13.93%
2019	-1.03%	+7.66%	-8.69%
2018	-23.27%	-3.38%	-19.89%
2017	+26.11%	+35.91%	-9.80%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

5,006

Expense ratio

AUM

Portfolio turnover

Exit load

P/E ratio

P/B ratio

Avg market cap

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Contra Fund

Compare all


SBI Contra FundThis fund SBI	★★★☆☆ CAT	-0.78%	+12.40%	+16.53%	16.51	1.61%	₹45,949Cr
Kotak Contra Fund Kotak Mahindra	★★★☆☆ CAT	+2.64%	+16.33%	+14.72%	20.60	—	₹5,331Cr
Invesco India Contra Fund Invesco	★★★☆☆ CAT	-9.32%	+11.80%	+9.35%	26.61	1.86%	₹19,492Cr
Motilal Oswal Contra Fund Motilal Oswal	—	—	—	—	27.32	4.09%	₹98.62Cr
Kotak Contra Fund Kotak Mahindra	★★★★☆ CAT	+3.95%	+17.85%	+16.25%	20.60	0.77%	₹5,331Cr
Kotak Contra Fund Kotak Mahindra	★★★★☆ CAT	+3.95%	+17.85%	+16.25%	20.60	0.79%	₹5,086Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap56.4%
Mid cap31.8%
Small cap11.8%

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-71.3%04 Jan 2008 → 23 Mar 2020
Fell over 12.2 years, back to the old high on 15 May 2023 — 3.1 years under water after the low.
-34.3%03 Apr 2006 → 14 Jun 2006
Fell over 2 months, back to the old high on 04 Dec 2006 — 6 months under water after the low.
-16.3%06 Feb 2007 → 11 May 2007
Fell over 3 months, back to the old high on 19 Sep 2007 — 4 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹45,949Cr

April - June 2026

-4%

since January - March 2026

At or near its largest, ₹48,101Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

SBI in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Contra funds

Contra funds take contrarian bets — buying out-of-favour stocks or sectors the market has written off, wagering on a turnaround. The approach can be early and needs time to play out.

Frequently asked questions

What is the NAV of SBI Contra Fund?

As of 20 Aug 2026, the NAV of SBI Contra Fund is ₹65.63 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has SBI Contra Fund delivered?

SBI Contra Fund has returned -0.78% over 1 year, +12.40% per year over 3 years, +16.53% per year over 5 years and +4.14% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of SBI Contra Fund?

SBI Contra Fund charges an expense ratio of 1.61% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of SBI Contra Fund?

Its largest holdings are NIFTY_28/07/2026 (7.6%), HDFC Bank Ltd (5.1%), Reliance Industries Ltd (4.8%), ICICI Bank Ltd (4.3%) and Biocon Ltd (3.5%). Holdings are disclosed monthly and change over time.

How risky is SBI Contra Fund?

It is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 12.5% and its worst peak-to-trough fall in our sample was -71.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 0.47 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. SBI Contra Fund's 0.47 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of SBI Contra Fund?

SBI Contra Fund is benchmarked against the BSE 500 Total Return Index. Its alpha and beta on this page are measured against that index.

Who manages SBI Contra Fund?

SBI Contra Fund is managed by Dinesh Balachandran at SBI.

How is SBI Contra Fund taxed?

SBI Contra Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.