3 Year return

29.08%
Launched on January 2013 (11 years)

Investment Details

₹500

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

Calculate Returns

Based on past performance of this fund

ENTER AMOUNT

Your Investment ₹3,00,000
Gain
  • Total Value

ENTER AMOUNT

Your Investment
Gain
  • Total Value

Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹30520.42 Cr.

Expense Ratio

0.63% (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

View Details

Fund House Details

SBI Mutual Fund

SBI Mutual Fund Asset management company

AUM ₹915,901.53 Cr.
No. of Schemes 213
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by SBI Mutual Fund

List of mutual fund schemes by AMC

About the SBI Contra Fund Direct Plan IDCW Reinvestment

The SBI Contra Fund Direct Plan IDCW Reinvestment is a mutual fund that invests in a diversified portfolio of stocks that are considered to be undervalued or "contrarian". This means that the fund manager is looking for stocks that are not in favor with the market, but which he or she believes have the potential to outperform the market over the long term. The fund is managed by SBI Mutual Fund, one of the largest mutual fund companies in India. The fund has been around since 2013 and has a good track record of performance.

Investment Objective of the Scheme

The investment objective of the SBI Contra Fund Direct Plan IDCW Reinvestment is to generate long-term capital appreciation by investing in a diversified portfolio of undervalued stocks. The fund will invest at least 80% of its assets in equity securities. The fund may also invest in other asset classes, such as debt securities and money market instruments, but these investments will be limited to 20% of the fund's assets.

Key Features of The Fund

5-year return 28.19%
Expense Ratio 0.63%
Fund Manager Dinesh Balachandran
Fund Size ₹30520.42 Cr
Risk Profile Very High

Is This Scheme Right for Me?

The SBI Contra Fund Direct Plan IDCW Reinvestment is a good option for investors who are looking for long-term capital appreciation and who are willing to take on some risk. The fund is not suitable for investors who need regular income or who are not comfortable with the volatility of equity markets.

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.

Explore Tax-Saving Investment Advantages With SIPs

Maximise your earnings and save on taxes with Systematic Investment Plans (SIPs). Use our intuitive SIP investment calculator to discover the tax-saving benefits and accurately estimate your returns. Invest wisely and watch your savings grow while enjoying significant tax advantages. Start your journey to smart, substantial savings today.

FAQs

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

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 IDCW Reinvestment Jun 11 2024 is 83.4743

What is the AUM of SBI Contra Fund Direct Plan IDCW Reinvestment?

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 IDCW Reinvestment is 30520.42 crore.

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

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 IDCW Reinvestment is 0.63%

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

The SBI Contra Fund Direct Plan IDCW Reinvestment was launched on Jan 01 2013. The fund has delivered a CAGR of 17.93 since inception.

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

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 IDCW Reinvestment is 500.

How do I invest in SBI Contra Fund Direct Plan IDCW Reinvestment?

  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 IDCW Reinvestment?

  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 IDCW Reinvestment?

  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 IDCW Reinvestment?

  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.