Invesco India Contra Fund: Consistent outperformer
ET Bureau|
Sep 25, 2017, 06.30 AM IST
ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
HOW HAS THE FUND PERFORMED?
With a 10-year return of 13.67%, the fund has outperformed both the benchmark (8.19%) and the category average (11.30%) by a wide margin.
Growth of Rs 10,000 vis-a-vis category and benchmark
BASIC FACTS
Date of launch: 11 Apr 2007
Category: Equity
Type: Multi-Cap
Average AUM: Rs 635.85 crore
Benchmark: S&P BSE 500 Index
WHAT IT COSTS
NAVS(As on 20 Sep 2017)
Growth option: Rs 42.87
Dividend option: Rs 26.35
Minimum investment: Rs 5,000
Minimum SIP amount: Rs 500
Expense ratio (As on 31 Aug 2017) (%): 2.40
Exit load: 1% for redemption within 365 days
FUND MANAGER
Amit Ganatra
Tenure: 5 YEARS
Education: B.Com, CA, CFA
WHERE DOES THE FUND INVEST?
HOW RISKY IS IT?
Wherever not specified, data as on 31 Jul 2017. Source: Value Research
SHOULD YOU BUY?
This is a true-to-mandate contra fund in the form of a multi-cap offering with a value bias. The core of its portfolio is comprised of businesses which are in a turnaround phase or are trading below intrinsic value. It may further bet on companies which are counted among market leaders but are currently de-rated due to short-term events.
The fund mostly rotates between a few cyclical sectors but is poised to seize outside opportunities if value is apparent. The aim of the fund is to identify such bets early in the lifecycle and continue to hold when they are performing well.
It maintains a compact portfolio which is cheaper than its benchmark, but also ensures that quality of is not compromised. With a proven track record of consistent outperformance, this fund is a worthy pick in this segment.
HOW HAS THE FUND PERFORMED?
With a 10-year return of 13.67%, the fund has outperformed both the benchmark (8.19%) and the category average (11.30%) by a wide margin.
Growth of Rs 10,000 vis-a-vis category and benchmark
BASIC FACTS
Date of launch: 11 Apr 2007
Category: Equity
Type: Multi-Cap
Average AUM: Rs 635.85 crore
Benchmark: S&P BSE 500 Index
WHAT IT COSTS
NAVS(As on 20 Sep 2017)
Growth option: Rs 42.87
Dividend option: Rs 26.35
Minimum investment: Rs 5,000
Minimum SIP amount: Rs 500
Expense ratio (As on 31 Aug 2017) (%): 2.40
Exit load: 1% for redemption within 365 days
FUND MANAGER
Amit Ganatra
Tenure: 5 YEARS
Education: B.Com, CA, CFA
WHERE DOES THE FUND INVEST?
HOW RISKY IS IT?
Wherever not specified, data as on 31 Jul 2017. Source: Value Research
SHOULD YOU BUY?
This is a true-to-mandate contra fund in the form of a multi-cap offering with a value bias. The core of its portfolio is comprised of businesses which are in a turnaround phase or are trading below intrinsic value. It may further bet on companies which are counted among market leaders but are currently de-rated due to short-term events.
The fund mostly rotates between a few cyclical sectors but is poised to seize outside opportunities if value is apparent. The aim of the fund is to identify such bets early in the lifecycle and continue to hold when they are performing well.
It maintains a compact portfolio which is cheaper than its benchmark, but also ensures that quality of is not compromised. With a proven track record of consistent outperformance, this fund is a worthy pick in this segment.
