Best Contra Mutual 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.
Top contra mutual funds by 3Y returns
3Direct plan, Growth option — ranked by 3-year CAGR. Open a fund for NAV history, rolling returns, risk metrics and peer rank.
As of 20 Aug 2026, Kotak Contra Fund (Direct plan, Growth option) leads contra mutual funds on 3-year CAGR at +17.85%, followed by Invesco India Contra Fund at +17.20% and SBI Contra Fund at +13.38%. All figures are computed from public AMFI NAV history and recomputed daily; past returns do not predict future ones.
| 1 | Kotak Contra Fund Kotak Mahindra | ★★★★☆ | +3.9% | +17.8% | +16.3% | 0.79% | ₹5,086Cr |
| 2 | Invesco India Contra Fund Invesco | ★★★★☆ | +2.2% | +17.2% | +15.2% | 0.77% | ₹19,492Cr |
| 3 | SBI Contra Fund SBI | ★★★★☆ | -0.0% | +13.4% | +17.5% | 0.83% | ₹45,949Cr |
NAV data as of 20 Aug 2026. Returns are CAGR for periods ≥1 year, computed from AMFI NAV history. Ratings are WealthTicker’s own, ranked within sub-category peers — not a SEBI or agency rating. See our methodology for every formula. This is data, not investment advice.
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Frequently asked questions
What are contra mutual 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.
Which is the best contra fund right now?
Kotak Contra Fund by Kotak Mahindra currently ranks first among contra mutual funds by 3-year CAGR at +17.85%. Rankings move with NAVs — past returns don't guarantee future performance.
How are contra mutual funds taxed?
Equity taxation: gains within 1 year are short-term and taxed at 20%; beyond 1 year, long-term gains above ₹1.25 lakh a year are taxed at 12.5%.