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Tue, January 7, 2025

Top 3 Contra Mutual Funds With Best SIP Returns in 3 Years: Rs 21,000 monthly SIP investment in No. 1 fund is now worth Rs 12,00,878


Published on 2025-01-07 07:01:11 - MSN
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  • Contra mutual funds invest in stocks that are undervalued. The fund manager follows the contrarian style of investment, where they pick stocks that are underperformers, belong to fundamentally strong companies,

The article discusses the performance of the top three contra mutual funds in India over a three-year period, focusing on their Systematic Investment Plan (SIP) returns. Contra funds invest in stocks that are currently out of favor but have potential for growth. The leading fund, SBI Contra Fund, has shown remarkable growth where a monthly SIP of Rs 21,000 would now be worth approximately Rs 12 lakh. This fund has an AUM of Rs 27,787 crore and has delivered a return of 30.87% over three years. The second fund, Kotak India EQ Contra Fund, with an AUM of Rs 2,000 crore, has provided a return of 25.87%, turning a Rs 21,000 monthly SIP into about Rs 10.5 lakh. Lastly, Invesco India Contra Fund, with an AUM of Rs 10,000 crore, has given a return of 23.56%, making a similar SIP investment worth around Rs 10 lakh. These funds are highlighted for investors looking for long-term growth through contrarian investment strategies.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/money/other/top-3-contra-mutual-funds-with-best-sip-returns-in-3-years-rs-21-000-monthly-sip-investment-in-no-1-fund-is-now-worth-rs-12-00-878/ar-AA1x6lsw ]
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