# Contra mutual funds compared

Source page: https://www.rudowealth.com/mutual-funds/category/contra-funds

Contra funds follow a contrarian strategy, buying shares that are out of favour, with at least 65% of their assets in equities. (SEBI categorisation of mutual fund schemes, 6 October 2017, as amended.)

All 5 contra funds, Direct plan, Growth option, NAV as of 2026-10-07. Every figure is worked out from each fund's own NAV.

Category averages: 3-year return +12.3% a year, 5-year return +12.9% a year (both annualised), volatility over 3 years 15.5%, expense ratio 1.05%.

| Rank | Fund | 1Y | 3Y (annualised) | 5Y (annualised) | Volatility 3Y | Worst fall 5Y | Expense ratio | Fund size |
|---|---|---|---|---|---|---|---|---|
| 1 | [SBI Contra Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/sbi-contra-fund-direct-plan-growth) | -5.1% | +9.8% | +13.7% | 14.2% | -15.8% | 0.86% | ₹47,589 Cr |
| 2 | [Kotak Contra Fund - Growth - Direct](https://www.rudowealth.com/mutual-funds/kotak-contra-fund-growth-direct) | -3.1% | +14.0% | +13.0% | 15.9% | -18.9% | 0.79% | ₹5,511 Cr |
| 3 | [Invesco India Contra Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/invesco-india-contra-fund-direct-plan-growth) | -3.8% | +13.1% | +11.9% | 16.4% | -18.6% | 0.77% | ₹20,644 Cr |
| 4 | [Bandhan Contra Fund-Direct Plan-Growth](https://www.rudowealth.com/mutual-funds/bandhan-contra-fund-direct-plan-growth) | N/A | N/A | N/A | N/A | N/A | 0.49% | ₹1,713 Cr |
| 5 | [Motilal Oswal Contra Fund - Direct   Growth](https://www.rudowealth.com/mutual-funds/motilal-oswal-contra-fund-direct-growth) | N/A | N/A | N/A | N/A | N/A | 2.34% | ₹446 Cr |

Ordered by 5-year annualised return, highest first; funds younger than 5 years follow by 3-year, then 1-year return. Volatility is the annualised standard deviation of monthly returns. Worst fall is the largest drop from a peak in the last 5 years. We do not label any fund as the best.

Investing from the UAE: NRIs can generally invest once KYC is complete, paying from an NRE or NRO bank account. Some fund houses do not accept residents of the United States or Canada. The UAE does not levy personal income tax, and the India UAE tax treaty may affect how gains are treated, so confirm your own position with a tax adviser.

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RuDo Wealth is a fee-only cross-border advisory operating through two separate companies. India: RuDo Wealth Investment Advisory, SEBI Registered Investment Adviser, registration INA000019503. UAE: RuDo Digital Wealth, FSRA Financial Services Permission 220155, Category 3C (Retail), ADGM. The entity permitted to serve you depends on your country of residence.

General information, not a recommendation to buy or sell any fund. Past performance does not indicate future returns.