3 Year return

32.65%
Launched on January 2013 (11 years)

Investment Details

₹500

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹26776.87 Cr.

Expense Ratio

0.65% (inclusive of GST)

Exit Load

For exit within 1 year from th date of allotment - 1%. For exit after 1 years from the date of allotment - NIL.

Ratings

ARQ Rating
5

Ratings by other agencies

5
5
0

Tax Implications

Withdrawal within 1 year

Exit load + 15% tax on gains

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings

SBI Mutual Fund Managers

DB

Dinesh Balachandran

Fund Manager since Apr 2022

Fund House Details

SBI Mutual Fund

SBI Mutual Fund Asset management company

AUM ₹915,901.53 Cr.
No. of Schemes 210
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by SBI Mutual Fund

List of mutual fund schemes by AMC

Funds 3 Years Returns
scheme logo

Hybrid . Dynamic Asset Allocation or Balanced Advantage

SBI Balanced Advantage Fund Direct Plan Growth

0%
scheme logo

Hybrid . Dynamic Asset Allocation or Balanced Advantage

SBI Balanced Advantage Fund Direct Plan IDCW Payout

0%

About SBI Contra Fund Direct Plan Growth

The SBI Contra Fund Direct Plan Growth is an equity fund by SBI Mutual Fund. It falls under the contra funds category. SBI Contra Fund Direct Plan Growth invests in a combination of large-cap, mid-cap, and small-cap stocks. It is an open-ended fund. Hence investors can invest in it at any time. The expense ratio of SBI Contra Fund Direct Plan Growth is relatively higher compared to other schemes in the same category.

Investment Objective of The Scheme

SBI Contra Fund Direct Plan Growth aims to generate long-term capital appreciation by investing in a diversified portfolio of equity securities. It follows a contrarian investment strategy and provides the investor with the opportunity for long-term capital appreciation.

Key Features of The Fund

5-year return 25.81%
Expense Ratio 0.65%
Fund Manager Dinesh Balachandran
Fund Size ₹26776.87 Cr
Risk Profile Very High

Is This Scheme Right for Me?

The SBI Contra Fund Direct Plan Growth is an equity fund that aims for long-term capital appreciation through a diversified portfolio of stocks. It's a higher-risk investment option, suitable for investors looking for higher returns over the long term. Keep in mind that this fund may not be suitable if you have short-term liquidity needs or if you're not comfortable with the associated high risks.

AMC Contact Details

Name SBI Mutual Fund
Launch Date June 1987
Addresss 9th Floor, Crescenzo, C-38 & 39, G Block, Bandra-Kurla Complex, Mumbai, Maharashtra, India - 400 051
Contact 1800 209 33331800 425 5425
Email customer.delight@sbimf.com
Website https://www.sbimf.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

FAQs

What is today's NAV of SBI Contra Fund Direct Plan Growth?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of SBI Contra Fund Direct Plan Growth Apr 16 2024 is 372.3955

What is the AUM of SBI Contra Fund Direct Plan Growth?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of SBI Contra Fund Direct Plan Growth is 26776.87 crore.

What is the expense ratio of SBI Contra Fund Direct Plan Growth?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of SBI Contra Fund Direct Plan Growth is 0.65%

What are the returns of SBI Contra Fund Direct Plan Growth since inception?

The SBI Contra Fund Direct Plan Growth was launched on Jan 01 2013. The fund has delivered a CAGR of 17.62 since inception.

What is the minimum SIP amount to invest in SBI Contra Fund Direct Plan Growth?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for SBI Contra Fund Direct Plan Growth is 500.

How do I invest in SBI Contra Fund Direct Plan Growth?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in SBI Contra Fund Direct Plan Growth?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in SBI Contra Fund Direct Plan Growth?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in SBI Contra Fund Direct Plan Growth?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.